Loans

There is no set rule on whether or not you should refinance your car loans before or after buying a house. This is your choice.

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Go to the FHA web site: http://www.fha.gov

Government programs keep changing, so any answer will be out-of-date quickly.

Student refund checks are issued at the beginning of every semester

Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.

Pay it in full.

No matter how far homeowners fall behind on their mortgage, leaving the house before they are given an eviction notice can be a mistake. There are a number of different strategies that homeowners can use while facing foreclosure but before moving out to put themselves into a better financial position to deal with the aftereffects of a foreclosure situation.

Once a borrower begins missing mortgage payments, the first step the bank will take is to begin the initial foreclosure lawsuit. This typically takes anywhere from 3-6 months after the first missed payment, and merely signals the bank beginning the process of taking back the house. Just because the homeowners know that they are behind, this does not mean that the courts will automatically grant the foreclosure -- the bank still has to go through the correct legal channels and prove their case.

Thus, it would not be a good idea at this point for the owners to move out, because there is simply nothing that the courts have done yet to grant possession of the house to the lender. But even as the next step in the foreclosure process approaches, the owners may still have time to remain in the property. This next step is the sheriff sale of the house, also known as a foreclosure auction or trustee sale, depending on the terms used by the state and county.

Once a house is sold at the public auction, the homeowners usually no longer have any ownership interest in the property, or at least the purchaser has some claim to the title. In some states, however, it is even premature to move out soon after the sheriff sale, due to redemption period laws. States with a redemption period allow homeowners to keep living in their foreclosed house and have a chance to pay off the amount due to retain ownership. During the redemption, they can not be evicted and do not have to move out.

All of these periods, after the initial missed payments, the time from the lawsuit to the sheriff sale, and the period after the sheriff sale, can be used by homeowners to begin repairing their financial positions. Even if they know they can not save the house, the state laws grant them certain amounts of time that they can use to begin putting money away, paying off other debt, or otherwise begin planning for the future.

Moving out of a house after a few missed payments or at any time before the eviction order is given may be premature and negatively impact the owners' ability to sustain themselves after the loss of the house. In some cases, just having the extra time may even allow families to find a solution that will allow them to sell or pay off the amount they owe to the bank; moving out too soon would not allow them this small chance to save the house.

Thus, homeowners who have fallen behind on their mortgage should do everything they can to work with the bank and within the court system to get as much time as possible. Simply assuming they will be kicked out of their property after a few missed payments only makes sure that they will lose the home and face a more uncertain future after foreclosure. But using the protections of state law and the time given to them, they can often begin repairing their credit and finances, which is an opportunity they would otherwise lose by moving out.

Nah dude, you need like 100 more or a REALLY REALLY big down payment. I would try fixing that credit up and atleast keep it in good standing for a year before attempting. I have been there though so I know how it is. Either fix your credit yourself or contact a credit repair professional.

No if you send a copy af the death certifact to the loan company they should should stop collecting on it .

If your mortgage exceeds the sale price of your property your will be subject to a "Mortgage Shortfall" If you are selling your property to move to another and the shortfall is less the 2% most high street lenders can arrange a loan for your replayment of the mortgage shortfall and will not prevent you selling your property. If the % of "Shortfall" is significant some lenders will insist in you taking a secured loan, or disallow the sale of your property until some of the shortfall is paid. If you have mortgage shortfall, AND mortgage arrears it is unlikely any high street lender will allow you to sell the property and move to another. If your mortgage arrears exceed 3 months they may start repossession proceedings. In most cases if individuals financial situation allows the most cost effective way of dealing with mortgage shortfall if you intend to move and do not have adverse credit is to find the cheapest unsecured loan for the minimun required by the lender to pay off a lump sum of the mortgage which will reduce or remove any shortfall your property currently has.

how is line of credit interest calculated

Collateral allocation mechanism.

Your fico score is only one factor in buying a home. The lender will also consider your job history, debt to income ratios, assets and how much you are putting down on the home.

Fico scores under 580 may cause you to get a VERY high interest rate, if you can find a lender that will lend on the home.

A score of 680 or above will usually get you an excellent rate in todays markets.

The answer is: Legally no...but!

If you do note take specific steps to inform the collection agency that the debt was discharged in bankruptcy, they will move forward as if the debt is valid and can actually obtain a court judgment against you entitling them to collect.

For example, if the collection agency sends you a letter saying you owe such and such and you choose to ignore them. Then they can rightfully assuming that their assertions are correct and proceed to sue you in court to obtain a money judgment.

If you are faced with this situation, you should send a certified letter (return receipt requested) to the collection agency along with a copy of the information indicating that the debt has been dealt with in bankruptcy. Also send a certified letter to yourself with the same information.

Keep both receipts, but do not open your letter when it comes back to you in the mail. Should the collection agency continue to pursue this debt with a lawsuit you can bring a counter suit against them fror fraud and you will most definitely be able to prove to the court that the collection agency does not have a valid claim.

(debit) interest income (credit) (debit) interest income (credit)

You need at least a credit score of 660 to qualify for a home loan For a FHA refinance or purchase the minimum credit score is 620. There are some lenders that will go down to a 580 credit but it just depends on some other factors such as debt to income, loan to value, etc. Veronica Rodrigues Voyage Home Loans

An ARM loan, known as an adjustable rate mortgage, is a type of loan where the interest rate is fixed for some initial period. After that initial period, the interest rate is variable, typically based on an index (e.g., prime rate, LIBOR, etc.) plus a margin imposed by the lender.

Mortgages are recorded on county official public records; and so are the satisfactions of those mortgages once they are paid off. To find out if your mortgage is paid off, you can either research public records in the county that the land securing the mortgage is located in, or you can call the lender and ask them for a the note marked paid in full as well as a copy of the satisfaction of mortgage that they should have recorded. Most counties now have these these public records accessible online and if you do the research yourself, they are free to search.

it depends upon the lender - if the market in your area is active - a lender can decide to use comparable recent sales figures on same/similar dwellings

Loan sharking is a serious problem in the Philippines. Many people are very poor and are simply unable to pay back the high interest loans made by unscrupulous people.

Yes. Any lien holder can initiate foreclosure proceedings when their lien is in default.

A charge off just means a bank has considered a bad debt. They still have the right to collect on it. Now it is tough for a second mortgage company or bank to foreclose, reason being that there are in second position. They can start but if foreclosure is followed through with. The first mortgage is paid first and they get what is left over. Remember the house has to be sold etc. Many times they will sell your debt of to a less scrupilous collector. If they do start contact your first mortgage lender immediately. They may have options. Hope this helps.

It's possible, yes. In most US jurisdictions, a contract is voidable if it was signed under either duress or due to fraudulent statements made by the other party.

When you see a comparison rate, usual the comparison rate they show you includes all fees and extras. So the comparison rate of 10 pa, is the actual amount you pay for the loan. The 8.99 pa is the "interest rate" ONLY, not including fees and extras.

They call it "Comparison Rate" , because its the best way to "Compare" it to other loans from other lenders. (Hence the name)

The cosigner of a private student loan can and will be hindered if late payments occur. Another downside to said cosigner, that is if they are in school, just like most everything else they best have the money to cover these loans in some type of colateral.