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What else can I help you with?
What type of credit score does someone need to get a no down payment home loan?
If a person wishes to get a no down payment home loan he or she needs an acceptable credit score so that the loaner is convinced that the person has adequate income to repay the loan. Usually 620 or higher is expected.
How can one find the principal payment on a loan?
To find the principal payment on a loan, subtract the interest payment from the total payment made each period. The principal payment is the portion of the payment that goes towards reducing the original loan amount.
If you defer your student loan does it accrue interest while you are at school?
the deferment period is the period when the borrower makes no payments and the loan accrues no interest
What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
What happens to the monthly payment and total payment for a loan with a lower annual interest rate?
If a loan has a lower annual interest rate, the monthly payment will be lower and the total payment over the life of the loan will also be lower.
What reasons can you give to defer a car loan?
You can defer a car payment for many reasons such as:Recent job lay offPayroll change dateincome changeMost lenders will allow 2-3 car payment deferments per year after you have made a minimum of 12 payments. Car payment help is available.Hope this helps
What situation can defer a student loan payment?
post secondary studyPeace Corps serviceeconomic hardshipchange in citizenship
How do you defer a payment?
Call your student loan servicing company and request a Deferment. If you are not eligible, then ask for a Forbearance.
What does a deferred payment mean on a truck payment?
A deferred payments is to make the payment at a later date. From time to time a creditor may ask if you would like to skip a payment. They would charge you about $50 and move the payment or defer it to the end of the loan. This is not to your advantage. It costs you up front and costs you interest.
How do you defer a car payment?
First you need to call your financing company. Once you call them they will let you know whether you qualify based on the company's guidelines and terms of your contract. if you do qualify, they will let you know if you need to sign and agreement and pay a fee, on most cases with car loans they will mail/fax you an agreement that you need to sign and send back with a fee (some companies don't charge a fee). after everything is completed one of your payments will be defer until the end of the loan, for example if you are due for November and your loan ends in october of 2010, after the deferment your next payment will be in December and your loan will end in November of 2010. Also keep in mind with some loans only your regular payment is deferred not the interest, so your interest will continue to accrue so the next time you make a payment they will take the interest for your deferred payment plus the interest of the current payment, therefore less money will be applied to your principle. If you defer too many payments and don't pay more to make up for the interest you will have a balloon payment by the end of the loan. So don't defer payments unless you absolutely need it. and lastly on a car loan it will need affect your credit unless you go over 30 days past due. I'm collector for a bank in Southern California.
What type of credit score does someone need to get a no down payment home loan?
If a person wishes to get a no down payment home loan he or she needs an acceptable credit score so that the loaner is convinced that the person has adequate income to repay the loan. Usually 620 or higher is expected.
What type college loans are there?
Most college loans will have low interest rates and you can defer payment until your out of school. Your school financial aid office should be able to help you apply. Theres usually a state loan and a government loan available.
Do you have to be a full time student in order to defer your student loans?
You can defer your student loan payments while in school. Typically student loan payments are not deferred due to employment status.
Is it possible to postpone student loan repayment?
It is possible to defer your payment. However I think it is best to talk to your bank and to your school about this loan for further information. They would have the necessary information, plans and guides.
What are some techniques for avoiding or postponing credit payment?
Negotiating with creditors can help to postpone payments. A lot of mortgage companies will let a person defer interest to the backend of their loan. Finally, bankruptcy is an option.
Can you defer alternative student loan payment if you go into the peace corp?
Only if it's part of the terms of your alternative student loan. Read the loan agreement or ask your lender. There is no law that requires the lender of a private/alternative student loan to offer you that option, and alternative student loans in general have none or very limited deferments other then in-school.
Relief for Federal Student Loan Payment?
If you have fallen behind on student loan payments due to unemployment or health expenses, relief is available. Federal student loan payment assistance programs include consolidation of multiple loans into one affordable payment, as well as income-based repayment (IBR) restructuring of loan payments. An economic hardship deferral is also available which enables a financially distressed borrower to defer paying all or part of her Federal student loan payment for a given period. However, interest still accrues during the deferral period and this is meant only as an emergency measure. These programs only apply to loans that are in good standing.
