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Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?

Yes!


Is there any way possible to get out of a reverse mortgage once you have signed up for it?

Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.


How soon can a mortgage be refinanced?

You can refinance your mortgage anytime you want to. There is no minimum time before you can refinance. That being said, you do need to be aware of any "prepayment penalties" or clauses. Some loans ( especially sub prime ) will have a prepayment penalty. If you refinance your existing loan before that pre payment period is over then you have to pay the prepayment penalty. These penalties can be as much as six months worth of interest. Check your original note to see if you have this penalty. If you do have a PPP then you need to weight the financial benefits of refinancing against the penalty. There are some cases where such a transaction still makes sense.


What are the consequences of withdrawing funds from a 401k during a divorce, specifically in regards to the early withdrawal penalty?

Withdrawing funds from a 401k during a divorce can result in early withdrawal penalties if you are under 59 years old. This penalty is typically 10 of the withdrawn amount. It is important to consider the tax implications and potential impact on your retirement savings before making any withdrawals.


How can a self-employed individual correct excess SEP contributions?

A self-employed individual can correct excess SEP contributions by withdrawing the excess amount before the tax filing deadline and paying any applicable taxes and penalties on the excess amount.

Related Questions

Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?

Yes!


Are there any penalties or additional fees to refinance a reverse mortgage loan?

Yes, there are fees to refinance a reverse mortgage. There are always fees or interest rates when getting any type of loan including refinancing your home.


Does withdrawing from a class negatively impact your chances of getting into grad school?

Withdrawing from a class can potentially have a negative impact on your grad school application, as it may raise concerns about your ability to handle academic challenges or commitment to your studies. It is important to consider the reasons for withdrawing and how you can address any concerns in your application.


Is there any way possible to get out of a reverse mortgage once you have signed up for it?

Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.Yes. You can back out if you are within the rescission period in your state. Otherwise, You must pay it off along with any penalties. You may be able to accomplish that with a refinance. You should consult with the attorney who represented you at your closing.


Is there any way to avoid getting an early withdrawal penalty from a certificate of deposit?

If it has a call option that is excercised No, there is no way of avoiding penalties for withdrawing your money early from a Certificate of Deposit. Therefore, if you are uncertain whether you will be able to hold off on withdrawing early, it is best to put your money in a Money Market account.


Where can one refinance Northern Rock personal loans?

One can refinance Northern Rock personal loans at any bank he or she trusts. One only needs to be a customer at this bank and can refinance any loans he or she desires to refinance.


How soon can a mortgage be refinanced?

You can refinance your mortgage anytime you want to. There is no minimum time before you can refinance. That being said, you do need to be aware of any "prepayment penalties" or clauses. Some loans ( especially sub prime ) will have a prepayment penalty. If you refinance your existing loan before that pre payment period is over then you have to pay the prepayment penalty. These penalties can be as much as six months worth of interest. Check your original note to see if you have this penalty. If you do have a PPP then you need to weight the financial benefits of refinancing against the penalty. There are some cases where such a transaction still makes sense.


How can I unapply from a college?

To unapply from a college, you typically need to contact the admissions office and inform them of your decision to withdraw your application. This can usually be done through email or a formal letter. Be sure to follow any specific instructions provided by the college for withdrawing your application.


Can you withdraw funds from CDARS without any penalties?

Withdrawing funds from a CDARS (Certificate of Deposit Account Registry Service) before the maturity date typically incurs penalties, similar to traditional CDs. However, some institutions may offer specific terms that allow for early withdrawals with reduced penalties or under certain conditions. It's essential to review the terms of your agreement or consult with your financial institution for detailed information regarding penalties and withdrawal options.


What are the consequences of withdrawing funds from a 401k during a divorce, specifically in regards to the early withdrawal penalty?

Withdrawing funds from a 401k during a divorce can result in early withdrawal penalties if you are under 59 years old. This penalty is typically 10 of the withdrawn amount. It is important to consider the tax implications and potential impact on your retirement savings before making any withdrawals.


How can a self-employed individual correct excess SEP contributions?

A self-employed individual can correct excess SEP contributions by withdrawing the excess amount before the tax filing deadline and paying any applicable taxes and penalties on the excess amount.


I want to refinance and pay down my existing mortgage by nearly half, in order to make my monthly payments smaller. Can I do this with a "no cost" refinance and not borrowing any money in the refinance?

I think if you can effort for it you can have a refinance without borrowing the money.