Loans

Yes. The mortgage must be paid or the lender will take possession by foreclosure unless the decedent had assets that will pay off the mortgage or some form of mortgage insurance.

First you take a step back and look at where you are, financially. Finding a good nonprofit debt counselor would be a good thing to do. Some suggestions for immediate action: Obtain a seasonal second job for the time being to make more money. To avoid further trouble, stop spending on anything except essentials--make a list and do not shop for clothing, cars, furniture, concerts, CDs, manicures, etc. If it is not on the list, do not buy it. See if you can return or sell any of the high ticket items that are unsecured to reduce your monthly outflow. Obtain a copy of your credit report and start paying off the higher cost loans first. For financial forums and articles, look at msn money.

The cosigner's credit isn't affected one ioto unless the person who was responsible for the loan payments defaulted, then and if the cosigner also defaulted. In other words, just being a cosigner does not affect ones credit ratings.

I would think you would be able to but as far as getting locked in on a good interest rate, you might run into some problems. Check with a local real estate agent to make sure what kind of mortgage programs would be available at your disposal and what would suit your needs best.

Different lenders provide loans for different credit risks. Also, some lenders are not for profit, such as credit unions. A 3rd reason is where the lender obtains the money to provide the loan? From borrowing in the capital markets or from depositors (usually lower costs.) Even a personal laon may be secured, which lessens the risk, and therefore the interest rate.

Old enough to have a decent job with sufficient wages to repay the loan on time and without cramping your living style.

The effects that foreclosure can have on interest rates of other loans needs to be examined from a few different perspectives. From a personal level, homeowners facing the loss of their homes may see an increase in interest rates on loans they already have, as well as any new loans they take out. But, from a macroeconomic point of view, large numbers of foreclosures can have even more detrimental effects to a society's ability to borrow, depending on how the situation is handled.

Many credit cards have clauses in them that, if a consumer defaults on any other loan, the credit card company can raise the interest rates. This can happen even if that particular line of credit is completely paid up to date and current. This has been one of the more devious methods by which creditors add in extra fees and bump up interest rates even if their client's account is not behind at all.

When homeowners face foreclosure, it is often due to a financial hardship, and the mortgage is the last bill that is defaulted. This means that homeowners may fall behind on on credit card initially, which raises the interest rates on all their other personal loans. Once they are unable to keep up with these any longer and the financial hardship has not ended, they finally fall behind on the house loan. The mortgage interest rate does not adjust higher due to missed payments, but interest begins to accrue on late fees and miscellaneous charges, thereby also increasing the effective rate homeowners would pay over the life of their mortgage.

Also, homeowners who face foreclosure will most likely have to deal with higher interest payments for several years after the situation has been resolved. Whether they are able to stop foreclosure before a house is lost or not, numerous late payments on a mortgage loan will drag down their credit scores severely. And the higher interest rates they pay on their existing credit cards will continue long after they have gotten back on track with these credit lines.

From a larger economic perspective, foreclosure rates can have a noticeable effect on general interest rates in several ways. Especially with the prevalence of Adjustable Rate Mortgages (ARMs) in the housing market, mortgages that adjust to higher rates have contributed to the high foreclosure rates.

As interest rates rose throughout the economy, it became more difficult to qualify for a mortgage at the same time that interest rates were resetting higher on existing mortgages. This had the effect of causing a severe decline in property values and a resulting credit crisis. So many mortgages have gone bad that it has become nearly impossible to figure out who owns these loans and what can be done about them.

The Federal Reserve has been lowering interest rates over nearly the past year in an effort to create more liquidity in the financial markets and alleviate some of the burden on homeowners. Interest rates are still resetting and causing mortgage payments to skyrocket, but they are smaller increases than they otherwise would be if interest rates were higher.

The already high foreclosure rates are also contributing to higher interest rates for new borrowers applying for mortgages. Lenders now know that giving out mortgages to people who had no income and did not put any money down was not the way to create lasting business. Lending standards have tightened dramatically, and banks are now requiring homeowners to put money down and prove that they can afford the mortgage.

But even this is somewhat counterproductive, as tighter lending means fewer people are able to qualify for mortgages, and property values need to decrease even further. Homeowners in foreclosure often find out that they are now underwater, owing more on their homes than they are worth. Borrowers, in order to qualify for loans at higher interest rates, are able to offer sellers less than if interest rates were lower; and the lack of qualified buyers in the market means that more properties will be available for sale. Homeowners who have to sell in this market environment may have to accept less or convince their lenders to accept a short sale.

So interest rates on loans can have dramatic effects on homeowners in foreclosure, both on a personal level and a larger economic level. Some of these effects homeowners may be able to avoid, but others will impact their ability to sell their house to avoid foreclosure or even find a buyer in time. They may also have to deal with significantly higher interest rates on their existing loans as well as more difficulties in borrowing again in the future.

In the days of subprime, you could have qualified. These days, however, many lenders are requiring close to or more than 700. The average FICO is 750 or above. At 610, you are at risk. Try to reduce your debt load, pay off your credit cards, leaving the accounts open and make all payments on time. If you can do this for a year or more, you will be in better financial shape to afford a home. In addition, many of the 100% loans are gone, so you should save up so you can make a substantial down payment.

yes

If you apply for a payday loan they will tell you within a few minutes of applying if you qualify. There are stipulations with each company such as you must be employed or some may do payday loans on your EI, pension, or social assistance, 1 to 3 of your most recent pay stubs, you must have a chequing account and of course cheques some companies want your pays to be direct deposit, you need references, bank statements, you usually have to make a minimum of $300 per week, a phone & address - they need a lot of information.

If you are using a loan matching service like the Arsenio Hall MyMoneyPartner.com loan matching site, you will know within minutes if you are approved for a loan. Then you just work with the lender who you best match with to get what you need. Pretty simple really.

Simple, have a great credit score!

While all lenders differ slightly in what they consider a top-tier credit score, typically, if you have a score over 760 and stable household income, you have a better chance of getting approved for the advertised rate that a financial institution offeres.Type your answer here...

At your local Financial Institution. Payday loans are loans that are designed to last for only a couple of pay periods. They are also an option for someone who needs to get money fast or has very poor credit (since verification requirements are minimal). Your ability to qualify for a personal loan will depend on the requirements of the financial institution you apply to. If you intend to borrow the money for at least a few months, this would be the best option to pursue. Interest rates on personal loans (even if your credit is not that great) are often similar to the interest rate you would get on a credit card. Try asking your local bank/credit union first. If your local bank/credit union turns you down because of your credit, you may want to consider getting a loan from a finance company (the rates are higher, but their credit requirements are typically more lenient).

A score of 670 would get you a teri loan. However, note that credit score is not the only requirement. But it sure go a long way.

Find the market value and subtract the payoff amounts of any loans on the property. To find market value, ask three real estate agents to give you a comparative analysis of the value of the home i.e., what do they think it would ACTUALLY sell for. You could also submit the basic details of your house to a property buying company who will provide a cash offer - these aren't usually for the full market value (ie what an estate agent will say) but most do not charge fees like an estate agent so it works out about the same.

Yes. My boss owned a home and co-signed for me. It all depends on your credit. Yes

Yes. If the amount of the debt is greater than the price the car brings at auction, then you will still owe the balance, and if you do not pay it the creditor can sue you in order to recover it. Depending on how much it is and whether they think you have sufficient assets to make it worth the hassle, they may not bother, but legally they're allowed to do so.

You could do it the hard way using a formula/spreadsheet, etc. or you can use one of many mortgage calculators on the internet.

A loan made with the understanding that if the borrower meets certain requirements, repayment of the loan will not be required.

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pay your bill Paid 3 months back current payment due and bank has issued repo Who can help until can get caught up

Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.

Don't know There are other requirements for a loan besides your credit score. How much debt do you currently owe, How much do you make a year and how long have you had your job? Are you buying a house or renting and how long have you lived there? Do you own anything, have any money in a saving account, any assets? Are you married, and if so does your spouse work, do you have any dependents?

The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.

Yes, in some instances two properties can be covered by one mortgage. It is called a blanket mortgage.