Loans

Yes, if you have the cash and don't qualify for the tax deduction on the mortgage interest.

You are still responsible for paying the loan as before.

It may be possible: become a member of a competitve credit union. Shop for a credit union that offers loan rates based on credit rating. The advantage of taking care of your credit will become instantly clear: the better your credit score, the lower your loan rate. Credit unions work for their members and will also counsel you on how to improve your credit.

Yes

The estate has to resolve the loan, either through selling the car or returning it to the lender.

You file it in the same registry as the first mortgage.

Sure - however, another consideration to auto loans is ones 'Debt to Income Ratio'. Even with a perfect score of 850 (extremely rare to have) if your current debts equal over 60% of your income, you may not get the loan.

Debt to income relates the borrowers ability to repay, taking into consideration that the borrower will surely pay for his mortage and utilities before making the car payment, if he/she had a choice in the matter.

1x30 =1 times 30 days late

2x30 =2 times 30 days late

1x60 =1 times 60 days late

and so on...

No, the estate is responsible for the mortgage. This sounds like a case for getting the estate set up and get the house sold as quickly as possible.

In general, there are two types of mortgage loans: (1) Conventional; and (2) Jumbo. Conventional loans are for no more than a certain amount (for example, $400,000). Jumbo loans are loans in greater amounts. Check with a mortgage broker in your area to find the dividing line.

Typically, a Jumbo loan will have higher interest rates, due to the bigger risk involved. In addition, people with lower credit scores may have more difficulty qualifying for a Jumbo loan.

Loan amounts greater than the conforming loan amount limit of $417,000, so $417,001

If the buyer does not pay the loan, then the lender comes after the co-signer. Late payments affect both credit reports. Most recommendations are not to co-sign a loan.

I would just get a new mortgage on the rental property. That way if something should go wrong financially, your home is in less jeopardy. Also, you should get a 15 year fixed mortgage on the new property. this will save thousands in interest. Or you could save up and pay cash for the property...

A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.

For a projection or pro-forma statement the ultimate answer is yes. Whether it is included on the projected income statement and projected statement of cash flows, and where / how is another story. I've seen banks that require that you exclude it, generally it is included.

No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.

1. when the bank allows or

2. when you pay off the mortgage.

5 min online 2-3 days

Lenders use a front ratio as a guideline to see if you qualify for a loan. Acceptable front ratios vary from lender to lender. You can calculate the total monthly housing costs for a single family home by adding up the loan's principal and interest, property taxes, and property insurance. For condominiums, cooperatives and PUDs, also add the cost of Home Owners' Association dues. Then divide the total by your gross monthly income. Example: Principal = 200, Interest = 600, Taxes = 100, Insurance = 40, HOA fee = 0, total PITI = 940 Gross monthly income = 4000 Front ratio = 940/4000 = 23.5% source: http://www.citifinancial.com/glossary/defin/FrontRatio.htm

Add all debt (anything a person pays interest on) includingprinciple and interest house payment

Divide that by monthly net income = back end ratio

example:

340 truck + 50 credit card + 1250 house payment = $1640

1640 divided by monthly income (4000)= 41%

What is a blanket mortgage A blanket mortgage is a mortgage loan used to finance more than on property. Builders and developers will use a blanket mortgage to buy lots of plots, or properties that they wish to build on or develop as a group, rather than trying to secure individual mortgages on each one individually. Blanket mortgages have a "release clause" so that if one property under the mortgage gets sold. then that portion of the loan can be paid off and the remaining outstanding balance adjusted accordingly. http://www.rogersgroupmortgage.com/

Interest calculations and methods are determined by each state's laws, but it is safe to say that the general differences include the following points: * •credit cards are generally revolving debt, meaning you can borrow and repay over and over. * a personal loan is an installment where you borrow once and repay the debt over a period of time, reducing the debt with each payment * credit cards can take many years to repay in only minimal payments are made. Personal loans should payoff sooner than a credit card of a similar amount. * because the two debts have different purposes, perhaps security and risks to the lender, they have different rates * interest on a credit card is generally based on the balance owing during a given month. It may also allow repayment in full in a very short period of time with no interest charge. Credit cards also often have annual fees that personal loans do not. * interest on a personal loan is generally amortized and is based on the principal outstanding, which should decline with every payment.

Okay, to do this I'm going to tell you a story, alright? we're going to have the people... bob and brian. Now bob is poor. Last week, he needed money so he went to brian, who offered him a hundred dollars, no more and no less. So Bob took the deal. One week later, brian comes around and asks for his hundred dollars back, plus 20 dollars interest (that's a HUGE amount!) but bob doesn't have the money. So brian says that bob doesn't have to pay this week, but will need to pay a total $200 next week. Now if bob can't pay off the money that he got plus the extra twenty, how should someone expect to get him to pay off $200? That's a loan shark: They lend money and then charge gargantuan interest rates which pile up continuously until they hit a point where the person can't pay anymore and spends the rest of their life paying the bill or goes and commits suicide or leaves the country (loan sharks aren't just in america...) Cruel world...
A loan shark is a private moneylender who operates outside of mainstream financial institutions and extends loans primarily to people who are unable to access these services through conventional methods. Due to the high risk of default and the illegality of their operations in many areas, loan sharks typically charge relatively high rates of interest compared to banks or credit unions.

However, despite their reputation as being "predatory" lenders, their interest rates are often lower than those of the (legal) payday lenders, who are the primary alternative for those who are unable to access conventional loan sources. Loan sharks also tend to be more flexible about negotiating with borrowers and will not subject applicants to credit checks, employment verification checks, citizenship verification, disclosure of taxpayer identification numbers, and various other hassles that present obstacles for people who are unable or unwilling to comply with these requirements.

Although they have a generally unfavorable reputation in popular folklore, actual violence by loan sharks is rare; however, they have been known to employ harassment or humiliation tactics against borrowers who do not repay their loan amounts within a reasonable period of time. Sometimes they will seize property from delinquent debtors if other methods of collection have failed and the risk of default is imminent.

Loan sharks tend to proliferate in urban areas where there are large numbers of people with steady wages and modest incomes. They also cater to immigrant communities who have a significant population of workers who are not documented citizens and are therefore ineligible for most conventional loans.