Loans

For most banks you need to wait at least one year. However, there are banks that will allow no seasoning on the property to add a second mortgage. Many lenders also offer this as a free add on... If you have little equity in the property it may make sence to wait. If you absolutely need the cash, there are some equity line products that will allow you to borrow up to 125% of your homes value. Its very important that if you take a second mortgage out, that your first mortgage is a fixed rate. If your first is not fixed, fix it now before you consider taking an equity line. Adding a second before fixing your first could put the homeowner in a precarious situation. If your CLTV(combined loan to value) is 125% that means you have 25% negative equity. This is not a good thing to have if your trying to refinance at a later date. If you plan on staying in the property for the long term it does not matter. (assuming you have no need to refi immediately) With a 125% HELOC product your banking on the fact that the home will continue to appreciate. Its dangerous with negative amortization products and in a down real estate market. We are currently in a pretty bad real estate market. But typically to have a new appraised value used other than a purchase price, Typically you should wait a year to take out an equity line.

NONE!!!!!!!!!! AS LONG...... as they did not take TITLE with you in the property. Check and see if they are on the Deed or security deed.. that will answer your question. I have had people surprised that they are actually co-owners with there parents or whom ever in a "co-signer" situtation.

Hello, Jamison here, YUP!!!!!!!!!!!!!!! Her bad credit is your BAD credit!!!!11111

Legally, an 18 year-old can get a loan, however, they don't generally have a long enough credit history to do so. Even with a full time job, the lack of credit history will deter financial institutions from offering credit.

Some suggestions:

* Apply for a loan with a co-signer (that has a good credit history)

* Apply for a secured credit card that reports to credit agencies (one will deposit money in an account which will protect the issuer of the secured card from default; over time, the credit record will be built and the card holder can apply for standard credit products)

Generally, no. If the debt was not reaffirmed, then the lender usually can only seek their judgment against the real estate (called an "in rem" judgment) by selling it, but if it does not sell for enough to pay the mortgage, they cannot come after you (with an "in personam" judgment) since the debt was not reaffirmed. However, if you dismantle the house, or trash the house, or something like that, then I would not be so confident there would not potentially be repercussions. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!

There is probably a reason why a loan cannot be obtained, first you need to clean your credit, put yourself on a budget a pay off some cards. You are to high a risk to seek more debt

You can refinance your mortgage anytime you want to. There is no minimum time before you can refinance.

That being said, you do need to be aware of any "prepayment penalties" or clauses. Some loans ( especially sub prime ) will have a prepayment penalty. If you refinance your existing loan before that pre payment period is over then you have to pay the prepayment penalty.

These penalties can be as much as six months worth of interest.

Check your original note to see if you have this penalty. If you do have a PPP then you need to weight the financial benefits of refinancing against the penalty. There are some cases where such a transaction still makes sense.

Not without permission from the bankruptcy trustee/court.

Yes. But you will have to overcome a lot of obstacles in order to obtain one. Some lenders will approve a home loan if you are in Chapter 13 bankruptcy but only after you have paid consistently for one year and have a credit score of 620 or above. Lenders, as a rule, will not consider a loan until you have approval from the Bankruptcy Court. You will have to ask your bankruptcy trustee for approval to get the loan. This trustee will give you an amount you are allowed to finance. Unfortunately, the amount is usually low. Here is an example:

Annual income: $100,000

All payments to Bankruptcy Court have been consistent for 2 years.

Credit score: 630

Amount needed to finance home: $119,000

Bankruptcy Trustee Loan Approval Amount: $65,000

Although you may qualify to receive a loan in the amount of $119,000, the bankruptcy trustee will only allow you to finance up to $65,000. If you do not have $54,000 to make up the difference.....you will not be able to purchase the home. That being said, it's worth a try. So before you start looking at houses for sale, have your attorney request the bankruptcy trustee for loan approval and what amount. At least from there you will know where you stand.

This should be considered two different issues. The co-owner will still be obligated for the loan and maybe the entire loan. Depending on who is the primary on the loan, if its the one going bankrupt the loan falls to the co-owner. Please try to find another way instead of bankruptcy, it will ruin your credit forever and I, along with other people will have to pay your debt. There are debt consolidation places that can help and believe it or not the people you owe money to actually have whats called curing programs that can reduce the payment amount for a certain time so you can try to catch up.If you are willing to pay something and work with them and not hide from them, they will work with you.

it might not have changed because of your debt ratio.. meaning, you have paid off your old debts, but you have created new ones.

A line of credit loan is a loan that you can apply for by a financial institution that is open ended...meaning that you can use it as long as you want...kinda like a credit card...and the benefit is that they're usually lower interest rates (my experience) and you can write cheques to that account.

A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.

Cosigning on a loan has nothing to do with having a drivers lincense. You are just agreeing to pay the loan if the primary person does not. You are not driving the car. The only thing a lender is interested in is your ability to pay the loan.

A repossessed vehicle is sold at auction to repay the lending institution. After the vehicle is sold, any money will be used first to pay the auction company, the repo agency and then all remaining funds will be applied toward the amount due on the loan. If anything is left over, you should get it. If there is a deficit, the bank will contact you to make arrangements for collection of the amount owed. You typically don't get any money "back", but usually end up owing the bank.

Interest is only calculated on the principal balance of the loan. For example, on a 30 year loan, if your principal balance (or loan balance is $100,000.00, and your interest rate is 5.000%, your monthly Principal and Interest payment amount would be about $537.00. Your first payment would include approximately $417.00 in interest, which would gradually decrease, as the principal payment would increase. If you have a reserve or escrow account set up for the payment of Taxes and Hazard/Homeowners Insurance, then your monthly payment would include the monthly payment amount for those items. Below is an itemization of a typical mortgage payment with the above Principal and Interest calculation, and showing how your mortgage lender will calculate the monthly amounts. Annual Property Taxes: $3000.00 / 12 Months Monthly Tax Amount: $250.00 Annual Hazard/HO Insurance: $600.00 / 12 Months Monthly Insurance Amount: $50.00 --------- Principal: $120.00 Interest: $417.00 Tax: $250.00 Insurance: $50.00 TOTAL PAYMENT $837.00 --------- For more information on this subject, visit this website. They have a wonderful real estate dictionary and FAQ section under the resources tab. http://www.eescrowservices.com Also, just for your information, many states do not allow lenders to collect the interest on the pooled reserve account. You'll need to check with your state's banking regulatory commission or department. One last thing...the figures shown here are estimates and will differ from the amounts that your lender provides to you.

Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.

The rate charged by RBI for its Repo operations is 5.75% and Reverse Repo rate is 3.25%.

When RBI lends money to bankers against approved securities for meeting their day to day requirements or to fill short term gap.It takes approved securities as securityand lends money.These types of operations are generally for overnight operations.

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Updating today-27th of March 2010-for ur SBI clerk interview.

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The Reserve Bank of India (RBI) has hiked the repo and reverse repo rate

by 25 basis points (100 bps=1%). The new repo and reverse repo rate is 5%

and 3.5%, respectively. The hike comes into effect immediately.

No. The exception could be the terms of the contract, some states allow such loan companies to include a clause in the lending contract that they have a right to automatic withdrawal from a borrower's bank account if the borrower defaults on the agreement.

The only way that they can legally repo your trailor is if you default on that loan or if you listed the trailor as calateral for the personal loan! if you didnt put the trailor as calateral then no they cant touch it!

I am looking for a co-signer to help me obtain a small business loan and will give you 1 fourth of the loan in return.

. Please contact me for more details at groupmanagement1@yahoo.com thanks I am looking for a co-signer to help me obtain a small business loan and will give you 1 fourth of the loan in return.

. Please contact me for more details at groupmanagement1@yahoo.com thanks

It is actually as simple as the title itself... a letter of explanation. Mortgage companies can request these from a borrower for many different subjects and reasons. They are requested when there is a specific situation that needs to be explained to the underwriter (the person who decisions the loan). The most frequently used is probably in reference to things on the credit report, like late payments, etc. Sometimes things just need to be explained a little further in order for the entire picture to be seen.

I once had a bridge loan. It was meant to provide a down payment on a new house and to be paid back when our other house sold. The terms of your bridge loan would state what you could spend it on. They are usually short term loans for a specific purpose.

Typically, you have to pay the entire balance of the loan back.

By reapplying for another loan. I can help with this base on the condition that you will pay back the loan with low interest rate.contact my mail box via: hrobinlendingservice@yahoo.ca

Simply stated, you have to pay off the original loan. How you get the funds to do so is up to you -

Yes.

yes, recent inquiries will drop you score. If you are shoping are for a mortgage you should pull your own credit report and see what the multiple lenders can do for you with our pulling your credit each time.