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What else can I help you with?
Does the car insurance pay the debt when the owner dies?
Normal car insurance Liability, Collision, & Comprehensive will not pay off the loan. You would need to get the proper insurance for this purpose. Either life insurance or insurance for the purpose of loan payment.
Can you eliminate mortgage insurance from your loan agreement?
Yes, you can eliminate mortgage insurance from your loan agreement by making a down payment of at least 20 of the home's purchase price. This will typically allow you to avoid the need for mortgage insurance.
Does the cosigner on an auto loan have to be on the insurance policy?
By co-signing the loan, they are guaranteeing that you will repay the loan. They do not need to be on the auto insurance policy, but it would be in their best interest.
What are some strategies for avoiding the need to pay mortgage insurance?
One strategy to avoid paying mortgage insurance is to make a down payment of at least 20 of the home's purchase price. This can help you qualify for a conventional loan without the need for mortgage insurance. Another option is to consider a piggyback loan, where you take out a second loan to cover part of the down payment, allowing you to avoid mortgage insurance. Additionally, improving your credit score and shopping around for lenders who offer loan programs with no mortgage insurance requirements can also help you avoid this additional cost.
Do you need a down payment for car insurance?
No, you do not need a down payment for car insurance.
Do you need insurance on a small boat?
If you have a loan, probably. No loan would mean no requirement. Common sense though would require it. Adding it to your home insurance or renters insurance would probably cost pennies.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
Car totaled insurance value car at 16000 and loan amt is 12400 can you use your gap insurance to pay off car loan?
If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.
What is the monthly payment on 62000.00?
To determine the monthly payment on a loan of $62,000, you need to know the interest rate and the loan term (in months). For example, with a 5% annual interest rate over a 10-year term, the monthly payment would be approximately $659.96. You can use a loan calculator or the formula for an amortizing loan to find the exact payment based on your specific terms.
Looking for an online loan payment calcualtor.?
There are numerous online loan payment calculators. The following website should provide the assistance you need: www.free-online-calculator-use.com/loan-payment-calculators.html
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
Do I need PMI for my mortgage?
Whether you need private mortgage insurance (PMI) for your mortgage depends on the size of your down payment. If your down payment is less than 20 of the home's value, most lenders will require you to have PMI to protect them in case you default on the loan.
