Would credit score of 614 be good enough to get finance?
Probably not. The generally accepted wisdom states that credit scores below 620 are considered near-prime and will not qualify for standard loan products.
If you are trying to get an auto loan, there is a small chance that you may receive financing, however, you will (1) need to put a larger down payment on the car than you might wish and (2) pay a higher interest rate.
Alternatively, if the car can wait a few months, take steps to improve your credit score and get the value above 620. You may consider reviewing credit reports to be sure that there is no incorrect information there (using the dispute process to fix the information). If you have outstanding credit card debt, you may consider paying some of it down in order to make your debt-to-income levels look better.
How do you find an old mortgage loan number if the company no longer exists?
im looking for for a person that lived at 2870 evergreen st santa ca. i have the loan number he sold the house n the 70's
What are you offered when you are offered a loan?
As I understand, if you are offered a loan then you are offered to borrow money. My experience with loans is getting one at Personal Money Service and it was quite good. To get a loan I was offered to fill an easy application form and then the matching system has found the most suitable lender for me. But everything is different if you're getting a loan in a bank. With different loans you will be offered different terms and conditions, so many things depends on a place where you turn to.
Can one person be listed as primary driver on two vehicles and hold a loan for each car?
Yes, just as long as their credit scores remain in good standing, then it is possible.
Your dad died and mother wants reverse mortgage can she get one?
Yes, as long as she and the property meet the lenders requirements. You should speak with several lenders paying close attention to fees, upfront payments and how quickly the amount owed will increase every year.
Can your mom get a reverse mortgage if you have interest in it?
She can but will need your approval. You will need to approve the loan as well.
Can you be put in jail for not paying back a payday loan in Missouri?
Defaulting on a payday loan is a civil crime - not a criminal offense. Therefore, you shouldn't have any jail time in Missouri for this. And, if a debt collector is threatening that you can and will go to jail for this, then they're full of it!
How do you find out if you have an FHA loan?
easiest way is to call your lender and ask if your not sure
usafhamortgage.com
any more questions feel free to reach out to usafhamortgage@gmail.com
Why are there 2 notes and mortgages in a reverse mortgage?
The first note belongs to the mortgage lender and the second to HUD. By doing this, other loan companies are prevented from attaching a 2nd lien to the home, because the secondary lien position is occupied by HUD. Visit the related link for more reverse mortgage information.
Difference in loan syndication and multiple banking?
multiple banking is use of more than one bank while loan syndication is where several banks lend the money for one loan.
My boyfriend owns the house we are living in but I am helping pay the mortgage am I entitled to it?
If you put gasoline in my ferrari would you own half of it?
Unfortunately NO! One of the main reasons being how would you prove your paying towards the mortgage? and not just paying him rent?
Can I be sued for a unpaid payday loan of 900?
Absolutely ! If you've borrowed money against your wages, and default on payments, the finance company can (and will)take you to court to recover their loan. This will result in their debt being taken directly from your wages - plus the cost of the court action !
What is the interest of education loan?
As is the case with every type of Loans, the interest rate differs from bank to bank.For example in India, the Educational loans are available from Nationalised banks as well as from Co-operative banks.Now all nationalised banks charges the educational loans the rate of interest varies from 12 to 14.5%.But if you approach the co-operative banks the interest rate is generally 11%.(All this refers to Mumbai region, and my personal experience in this matter).Allahabad Bank for example gives Edu.loan at 11%.But the best bank to avail Edu.loan in my view is 'Corporation Bank',which gives loan at 10.5%.Generally all bank charges 0.5% less( than their normal lending rate ) for the girl student.
If you are planning to study at USA, try to avail this loan from different USA lenders in this field, as the loan is really very cheap over there.But the only problem in that case is, you should have somebody in USA who is Either Permanent Citizen or a Green Card holder and having a good credit history and is willing to sign your application for the loan as a Co-borrower.In that case you can avail the loan at 7 to 8.5% interest rate.A private lender there is one 'Sallie Mae'.(Visit www.salliemae.com) There are many others also.
The major difference between Indian Banks and Private lenders in USA are as follows.
1)In India, Loan will be given upto Rs. 20 Lacs for foreign study, subject to your keeping of an savings bank A/c with that bank for atleast 2 years(Or at a discretion of bank Manager). You will be asked to share 15% of your margin.So for a 20Lacs loan, you need to provide 3.0Lacs from your pocket.(So effectively they give you only 17 Lacs)
2) Your repayment start after 24 months(Considering 2 years period of Master's Degree) or within 6 months of your getting a job.But in any case total time for Repayment is given as maximum 84 Months(7 Years) 3) To avail this loan of Rs. 20L, Banks will ask you to keep 150% of 20L ( which will be about 30L) by way of Collateral Security,mainly Immovable property like Residence(Which will be in name of Parents),Shop or any commercial property is to be mortgauged.If one is not able to pay back,they will sell these properties at market rate and will recover their Money,is the main idea).As against it in USA 1)No limit like 20L etc..2)Rate of interest is low(Linked to LIBOR rate) 3)Repayment period is 20 Years.So even if you are not getting an immediate good job after completion of your study, you are not in danger.Sufficient time is available to you to repay.
Private bank like ICICI provide all sorts of loans, like Car Loan,Personal Loan etc...but do not provide any educational loan.In my view,it is every bank's social resposibility to provide loans to most of our Indian deserving students.One should not be deprived to get higher Education for want of money. Ashwin Mehta Tel: 9867726090(M)
e mail : ashwin53@yahoo.com
What auto loan sources that will finance 144 months on a new car?
The best answer for this question is to use your line of credit to buy this vehicle if it is for personal use.
What is a government insured reverse mortgage?
Most reverse mortgages today are government insured reverse mortgages. This simply means its an FHA loan. The FHA HECM program insures the loan to the lenders, provided they follow FHA's guidelines for doing reverse mortgages.
Can you get a loan if own a house?
I believe your question is: Can you get a loan if you already own a home? The answer to your question is YES! You can still obtain a home loan even if you currently own a house. The key is that you will still have to qualify for the loan. That means that you have to show proof of income for the past to years, you have to have good credit history, savings, and 2 years of tax returns. Chances are that you will have to put 10-20% down on your second property, this is because banks believe that by lending you money on a second home/property they are assuming a bigger risk, so they make you invest a higher percentage upfront. I hope this answer helps.
If you have more questions please call me at:
Shira Crawford
Realty World
Monterey, California
(949)232-3232
How can a diabetic get home morgage insurance?
I assume that you are talking about life insurance to cover your mortgage if you die. Life insurance is issued all the time for people with diabetes. Depending on the type and severity of your diabetes, an insurance company will most likely offer you a policy with a slightly or greatly increased premium. Talk with an independent insurance agent in your area, be truthful with them and they can find the best company for you and your situation.
If you take out a home equity loan and pay mortgage recording tax is it deductible per IT-256?
If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.
Can you claim interest paid on home equity loan?
Generally, but there are limitations and qualifications.
See the related article for more details.
Should who's insurance cover who's car??? The Brother who owns the car will have to file the claim with his insurance policy. Insurance follows the car, not the driver. If you didn't have the Sister listed on the policy as a driver the company can deny the claim for material misrepresentation. Then you will have to pay the claim yourself.
Can the IRS take your state return for a school loan?
Not exactly, the IRS can and will attach any further Federal refunds until satisfied. At the state level, the Dept. Of Education can request your state refund. But why would it when it can very easily have a wage garnishment order issued?
The best thing you can do (speaking from experience) is to call your lender that you are in default with and make arrangements. It will NOT EVER go away.
How long does it take for bonds to reach full maturity?
Different bonds have different maturity dates. Additionally, there are different type of bonds, some provide interest based on the face value, and some provide the face value upon maturity.