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In general, car equity loans should have no affect on other loans that one is receiving. Different loans are usually treated differently and from different companies.
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Are chase mortgages for homes or cars?
Chase Bank does both home mortgages and car loans. They also have other financial services such as business loans, credit cards and home equity loans.
What are good interest rates for bank loans in 2013?
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
What are possible uses for a home equity line of credit or loan?
A home equity loan allows you to borrow money using your homes equity as collateral. Once you have the loan it can be used for anything, paying off credit card debt, school loans, car loans, or home improvement projects are all common uses.
What type of loans does Capiatl One provide?
Capital One is a large bank that offers many types of loans. From mortgages to car loans to home equity loans, they have every type of installment, fixed rate, and variable loan you could need.
What does the acronym AGPFCU stand for?
The acronym AGPFCU stands for Aberdeen Proving Ground Federal Credit Union. This business offers various types of loans, including but not limited to: mortgages, home equity loans, and new car loans
Is it wise to get a home equity loan to buy a new car?
Answer No. Home equity loans are revolving credit lines. In simple terms, that means you could pay on that for three years and not even touch the principal. I wouldn't do it. Maybe rolling it into a consolidation loan if you have enough equity in your home, but not a HELOC. Answer No. You want to avoid "institutionalizing" your debt. In other words, you don't want to spend 15 years on an equity loan paying for a car that you might only have 5-6 years. It really depends on your personal situation. If you have lots of equity in a house, and the monthly payments aren't too much, and you expect that the house will continue to appreciate etc. then MAYBE. But what if interest rates rise (equity loans are usually directly tied to the fed rate), or the housing bubble bursts - then you are stuck with those payments forever. Upside is that the equity loan is tax deductible, car loan is not. Do the math!
When applying new loans how can home equity be used?
When apply new loans, home equity can be used to consolidate your debt, pay for education, purchase a new car, repair your home, remodel your home, and to go green. It can lower monthly payments, save taxes and many more beneficial things.
What would be the purpose of home equity loans refinancing?
There are many reasons why a person would use their home equity as a means to get a loan. A few reasons include debt's, holiday, new car, home improvements etc.
Where can I get a classic car loan?
Choice Motor Credit provides the car enthusiast Private Equity Loans and Financing for muscle cars, classic cars, vintage cars, hot rods, exotics and luxury cars. Loans range from a minimum of $10,000 to as much as $500,000 per vehicle.
Can you trade in a car you are currently financing?
Absolutely. The only issue will be how much equity you have in the car. In other words, if the car is worth $5,000 and you owe $4,000, you have $1,000 in equity. If the car is worth $5,000 and you owe $6,000, you have $1,000 in negative equity. Be sure to verify your pay-off amount before you begin to shop for a new car.
You have two car loans one is mine which has no equity and the other is your daughters which has over 4000 worth of equity If you filed for bankruptcy can they take her car away She's been making the?
Not unless she has filed with you. Some folks try to hide assets by transferring them into someone elses name. They will get you for this even if it was done within a certain period of time before you filed. If the vehicle is hers and always has been, there should be no problem.
What are the disadvantages of car title loans?
There are a few disadvantages to a car title loan including high interest rates. Loss of equity in the event of default and a short period of time to pay back the loan are also drawbacks to a car title loan.
