Loans

If you have no credit record and no money for a down payment, it is not likely that you will be given a car loan. There are places that offer 'buy here and pay here' options that are not picky about credit checks.

VA has easier qualifying guidelines for borrowers. They also have a funding fee that can be good/bad. You wont have to pay a monthly PMI, and you can come with zero down. Rates are great, and have nothing to do with your credit score Conventional - harder guidelines, and you may have to pay a high monthly PMI payment. You maybe required to put 5% down or 10% down in a declining market. Your credit score/down payment will determine your rate. FHA has same guidelines as VA, but only has a 1.5% funding fee. You will be paying a 0.5% monthly mortgage insurance premium for at least 5yrs. Rates are usually better than a VA loan.

A hedge fund, as the name suggests, is a fund that has "hedges"--or preventative measures--in place so that the fund will (theoretically) do well in a bull or bear market. That might mean that hedge fund managers buy stocks for the long haul, while also shorting stocks or buying options in case stock prices go down, for example. They might also make big bets on certain sectors (such as natural resources or the mortgage market) that can earn huge returns if they're right--or cause the fund to go bust if they're wrong (as well as shaking up Wall Street in general. So much for the "hedges.")

They played a role in the subprime mortgage crisis because they purchased subprime mortgages (repackaged as bonds) to such a degree that banks, mortgage brokers, etc. lost sight of their primarily responsibility (i.e., loaning money only to people who could afford to buy a house) because the banks didn't have to keep the loans on the books: they essentially sold them to hedge funds and other investors. So, if one side--the hedge funds--is willing to buy risky subprime loans (in the hopes of big profits), the other side--the banks, etc.--are going to be far more willing to make those loans (in the hopes of big profits). Then, when the borrowers (the home buyers) have trouble paying their mortgages, the hedge funds are going to be hit...but only if they haven't already sold those loans-repackaged-as-bonds to some other sucker.

In short, the hedge funds helped create the atmosphere of easy credit for people who couldn't afford home loans. Moreover, since hedge funds also have a way to make money when the market goes down (because they short stocks, etc.), they also can profit by hyping doom and gloom. Thus, even though the subprime mortgage market is a relatively small part of the U.S. economy, you'd never guess it from all the press it's getting now.

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What you can afford and what you can qualfy for are totally different factors and many of today's defaults are due to decades of "alt a" loans. Person making $20,000 might qualify for $75,000, but the monthly payments will be almost double the monthly percentage of 25% they can reasonably afford. Rather than buying a house, try to find a home you can afford.

The best situation would be to have a mortgage that is no more than 2.5 times your income. This is tough in today's market, but it will prevent your being house poor as time goes on. Also, with equity in the house you will save paying mortgage insurance and weather the ups and downs of the market with peace of mind. You can go to bankrate.com and play with the calculators on there to see how much the payments would be. I usually include additional money in my payment for insurance and property taxes so I don't have to come up with large sums for those things. The total of these payments should not be much more than 50% of your income.

You might have a balloon payment due after 15 years.

That is, the balance owing on the mortgage, like 70% of the principle, will be due halfway through what would've been the life of the mtg. This will probably force you to get another mtg. and effectively increase what you are paying in interest. However, if you make one additional mtg. payment a year, it will cut the length of the mtg from 30 years to like 18. If there's a prepayment penalty, do NOT sign it! Ask a mortgage person at a bank; brokers aren't shy about swindling someone if it's a payday for them...

It depends entirely on the company as to whether they report it or not. They can report any late payment, even if made during the grace period. If they don't report it, it will not affect your credit. If they do report it, it will show up in the credit reports.

A hard money loan is a "Specific type of loan where a borrower takes funds based on the value of undeveloped real estate. Hard money loans are usually issued at higher interest rates than commercial mortgages." according to sites like http://www.hardmoneyworldwide.com/

To calculate your life insurance coverage you need to consider factors such as your annual income, average expenses, age, inflation, interest rates and the number of years you'd like your family to be covered after your demise. There are several online Life Insurance calculators that will help you easily assess this.

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation.

The lender has to go through several steps to repossess the home--which they would rather not. It is best, if you cannot pay, (according to bankrate.com) to seek advice and negotiating help from a third party before talking to the loan servicer. This can be an attorney, accountant, housing counseling agency or credit counseling service. Do not ignore calls and letters from the lender. There are alternative payment options that may work for you until you get caught up.

The lender has to go through several steps to repossess the home--which they would rather not. It is best, if you cannot pay, (according to bankrate.com) to seek advice and negotiating help from a third party before talking to the loan servicer. This can be an attorney, accountant, housing counseling agency or credit counseling service. Do not ignore calls and letters from the lender. There are alternative payment options that may work for you until you get caught up.

Yes you can use your IRA account to apply for a loan as collateral and guarantee to a money lender when applying for a loan. Although i was offered a loan with no credit check and no upfront collateral by a loan lender whose name is Mr. Maurice Tyson? Eight months ago. I was offered this loan on the terms of four months and a loan of £62,000.00 for construction contract financing in west London. Ever since i have been using his company as a financial for any contract i am given. If you are interested to get a loan from him you can contact him via this email:inquiry.nortonfinanceloans@hotmail.co.uk.i know he can assist you also.

Henry

No. Under Section 51(1) of the Internal Revenue Code, the general rule is that interest payments on a loan used to fund a life insurance policy are not deductible. Congress considers life insurance a highly tax privileged form of investment and declines to afford this additional benefit.

yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.

Assuming when you wrote 6, you meant 6%. It means the seller can contribute up to 6% of the sale price of the home towards your closing costs and pre-paids.

Pre-Paids are property taxes and insurance, usually paid into an escrow account required by the lender.

Example - if the agreed sales price is 200,000, then the max seller concessions can be 12,000.

Generally, to remove one person from a mortgage that person must transfer their interest to the other and then the remaining sole owner must refinance the property in their sole name. The existing mortgage must be paid off.

A salary loan refers to an advance payment you receive and pledge your salary as security. The loan is normally serviced through your monthly salary.

To be a cosigner on a loan you would have had to sign the papers regarding the loan in which if you don't know then you obviously didn't sign them and are a victim of fraud.

OFFHAND I WOULD SAY THERE IS NO DIFFERENCE. WITH A HOME EQUITY LOAN, THE COLLATERAL THAT YOU OFFER TO THE LENDER, IS YOUR HOME. WITH A COLLATERALISED LOAN, YOU PUT UP SOME OTHER ITEM THAT YOU OWN, MAYBE A CAR OR STOCKS OR BONDS IN ORDER TO OBTAIN A LOAN.

Yes.

A non performing mortgage is one on which the borrower has defaulted and not made either interest payment, or principal repayments. The lender will take possession of the property by foreclosure.

there separate. when u apply for student finance there are three separate loans:

maintenance- for rent, food etc

tuition fee loan - goes straight to the uni so u wont see that as such

grant - money that doesnt have to be paid back, how much u get depends on your parents financial situation

It would be a civil matter. While the line between "ripoff" and "theft" can be pretty blurry sometimes, you're likely going to have to take the matter up in civil court. If you signed an agreement and now you feel you're getting screwed over, you'll have to duke it out in civil court. Chances are, the only way that this would be a criminal matter is if the person/dealership is using illegal tactics and scams to get people to fork over money.