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How many years should it take to pay off a 30000 loan with a escrow account?
Wiki User
∙ 15y ago
There are a lot of loan calculators out there where you can see what the loan will actually cost in terms of interest over time. Bankrate.com is a good one. If the thing you are buying will be old in six years, you certainly wouldn't want to have the loan extend beyond that time. Cars are a good example: put enough down so that you won't be "upside down" or owe more than the car is worth for a long time during the loan payment.
Wiki User
∙ 15y ago
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What do i do when a mortgage account is showing up on my online banking when i only cosigned i have BOA and the loan is with a carrier through BOA I'm not the primary can escrow fix this?
You cosigned the mortgage. If the are now taking the money out of your account to pay the mortgage, it means the other people are no longer paying their mortgage. First: You should contact the other people and see if they actually are skipping payments. If they are skipping payments, then since you cosigned the mortgage the bank will take the money from your account to pay the mortgage. Second: If they are paying the mortgage, you should contact the bank and find out what is wrong. Third: No. Escrow will not fix this. Escrow serves a totally different purpose. It is a way to spread out the taxes over a year's time. 1/12 of the years taxes and insurance are put into an account.
We have been in our home for almost 3 years an escrow amount of 50.00 was tacked on to our mortgage payments will this extra 50.00 go away once the escrow amount is paid?
yes, you were given the option by the lender to pay it in one lump sum, or to pay it in monthly installments, the option you obviously chose.
How long does it take for a credit card to fall of your credit?
credit card information should automatically purge from your credit bureau 6 years from the date of last activity. ie) if you pay your account in full (nil balance) on June, 2012 (DLA=date of last activity) and you do not use the account, the account should purge on June, 2018
How much are the monthly payment of a mortgage of 30000?
That depends on several additional pieces of information you didn't include in your answer, notably interest rate and length of the loan. As an example, a 30000 mortgage at 4% for 15 years would have a monthly payment of $221.91. Please provide the additional details on your loan terms for a more accurate answer.
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
What do i do when a mortgage account is showing up on my online banking when i only cosigned i have BOA and the loan is with a carrier through BOA I'm not the primary can escrow fix this?
You cosigned the mortgage. If the are now taking the money out of your account to pay the mortgage, it means the other people are no longer paying their mortgage. First: You should contact the other people and see if they actually are skipping payments. If they are skipping payments, then since you cosigned the mortgage the bank will take the money from your account to pay the mortgage. Second: If they are paying the mortgage, you should contact the bank and find out what is wrong. Third: No. Escrow will not fix this. Escrow serves a totally different purpose. It is a way to spread out the taxes over a year's time. 1/12 of the years taxes and insurance are put into an account.
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