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Unlikely. Most lenders will not loan against a "salvage" or "rebuilt" vehicle. The only time I've seen this done is when the loan is less than 50% of the "salvage" value of the car. For example, if the car in normal condition was worth $20,000, the salvage value would be about $10,000. A lender may be willing to loan $5,000 in this situation.

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โˆ™ 2015-07-14 16:09:02
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Q: Can a car loan be refinanced even if the car was totaled to get lower interest?
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Can you ask for a lower interest rate on your credit card even though you have poor credit?

You can, but be careful. If your credit score has gotten worse, they could even LOWER your credit limit. Happened once to me long ago. And by the way, they can automatically check your credit and change your credit limit or interest rate. Without you even knowing it.


Can a reverse mortgage be refinanced?

Yes, there is no prepayment penalty so it can be refinanced at any time. there are even reverse mortgage streamline programs available. The home can be sold at any time and the equity belongs to the home owner.


Would banks decrease or increase interest rates if they had less money to loan?

If banks had less money to loan they would increase their interest rates. This is because they would have to make the most profit off of the little money that they had to use. When banks have a lot of money to loan, interest rates are lower because they can still get a lot of interest even from the lower interest rates.


Do you need to refinance your house if your ex husband signed a quit claim deed as part of a divorce agreement?

AnswerYou need to review the term of your divorce agreement. It may require that you refinance.Property that was once marital property and that is being transferred from one former spouse to the other pursuant to a separation agreement should always be refinanced by the receiving party. Otherwise, even if they have conveyed their interest, the ex-spouse remains responsible for paying the mortgage. If it goes into default his credit will be ruined.Your ex-husband should have insisted that the property be refinanced in consideration of his transferring his interest to you. The only way for him to be released from the mortgage obligation is for the mortgage to be paid off and then refinanced.


Why is it important to prioritize or even choose those cards that has lower interest even if I may end up paying more each month?

The lower the interest rate, the more of your repayment goes towards clearing what you owe, and less going to interest. You will be able to pay off your debt quicker, and also be paying less on the whole to become debt-free.


Does undivided interest lower the value of the land?

No. An undivided interest in property means that two or more persons own the real estate and each has the right to the use and possession of the entire property even if they own only a one-half undivided interest.


What are good pricing strategies when it comes to buying a house?

When buying a house it would be wise to look at different banks and compare interest rates at different banks. You will be able to save a lot of money with even one quarter percent lower interest rates.


Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?

no, its called usury and its illegal


What is imputed interest on capital leases?

Interest considered by the IRS for tax purposes to have been paid, even if no interest was actually paid.


Is it legal for banks to charge interest on unpaid interest that is in dispute even if the principle is completely paid off?

Yes. If you owe the unpaid interest, it is money that you owe the bank even if it is in dispute. If you did not owe the unpaid interest, then the interest the bank charged was not owed. So, it depends on who wins the argument.


What does a lower interest rate mean for savers?

It means that they are getting less money for deferring expenditure and saving instead. However, it is not the low nominal interest rates which matter but what the "real" interest rates are. This is the difference between the nominal interest rate and the rate of inflation. An interest rate of 2% when inflation is 0% is good news for savers but an inflation rate even as high as 10% is bad news if inflation is higher than 10%.


You signed for your daughter to buy a home she refinanced in her name onlyfour years later she is filing for bankruptcy are you responsible?

No; the note you co-signed was paid in full when she refinanced. Since you didn't co-sign the second note, you're not responsible for it. Even if she didn't refinance, if she filed Chapter 13 and is paying the note thru her plan, generally they can't come after you.

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