Loans

MIP (mortgage insurance premium) is required on all 30yr fixed FHA loans. 1.5% MIP funding fee, and the monthly 0.5% MIP payment

Non government students loans are classified as private loans. Normally the interests rates are higher, and the means in which to pay are different. They are considered separate written contracts.

you have two options when you need to pull out money from your property. 1.) cash-out refi- where you pay off the current mortgage and take additional cash with it. 2.) leave the current mortgage alone and taking a second mortgage out for the cash. Second mortgage all so means it is in second place behind the first mortgage

Late payments go on the credit report of both the primary borrower and the co-signer. It affects the score and also the opinion of those who read credit reports to make decisions regarding other loans, hiring, insurance costs and many other places that most of us don't think about. The best policy is to arrange to make the payments on time--every time. An easy way is to set up automatic debits to the credit company. (Be sure to link the account you are paying from to a savings account, so that you never get an NSF.) If the payment date is not working out to your income schedule, then see if you can change the date due. It is a real imposition to create problems for the person who was kind enough to co-sign for you.

IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.

yes - you can refinance an auto loan at any time. You will want to make sure you current bank does not charge a prepayment penalty though.

the only thing about applying for a new loan that can affect your credit rating is having the credit score done by new companies. if you have a score done by just two companies that's fine but if you have multiple credit checks this lowers your credit rating. so as long as you ran your previous loan well and paid on time, changing shouldn't be a problem, just don't let lots of companies credit check you. choose one and stick if possible.

(retired financial advisor)

If they just "threaten" you, and you bring it current, then no. But.. if they send you a letter threatening repossession and calling the entire note, and you do not pay the entire balance on the note, then yes they can take your vehicle.

If you can find her, to can beg her to fill out a power of attorney form and then you sign and have it notorized. This will make her responsible for the loan. You should be able to get one through the finance company that you went through. I believe that this is the only way other than you and her just selling off the vehicle. My sister just went through this with her ex-husband. I hope this helps you.

Yes to both.

The average national monthly mortgage payment in the United States was $1,687 in mid 2006. By contrast the average rent was roughly $890. ===What is a mortgage=== A mortgage is the amount of money borrowed from the bank to purchase a house or other real property. The monthly payment amount varies based on: *Total amount borrowed *Length of the mortgage (A standard length is 30 years but can be anything) *Interest Rate (Fixed or variable, market rate and credit history) *Escrow requirements (Based on taxes and insurance and how much money you put down to start with) *Other terms (Balloon mortgage)

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First you need to call your financing company. Once you call them they will let you know whether you qualify based on the company's guidelines and terms of your contract.

if you do qualify, they will let you know if you need to sign and agreement and pay a fee, on most cases with car loans they will mail/fax you an agreement that you need to sign and send back with a fee (some companies don't charge a fee).

after everything is completed one of your payments will be defer until the end of the loan, for example if you are due for November and your loan ends in october of 2010, after the deferment your next payment will be in December and your loan will end in November of 2010.

Also keep in mind with some loans only your regular payment is deferred not the interest, so your interest will continue to accrue so the next time you make a payment they will take the interest for your deferred payment plus the interest of the current payment, therefore less money will be applied to your principle. If you defer too many payments and don't pay more to make up for the interest you will have a balloon payment by the end of the loan. So don't defer payments unless you absolutely need it. and lastly on a car loan it will need affect your credit unless you go over 30 days past due.

I'm collector for a bank in Southern California.

Interest is found using the formula: PRT/100 = PxRxT/100. the answer is then divided by 100.

Typically, the answer is yes. The final answer in each case, however, is dependent upon (a) what the terms of the trust agreement provide, and(b) the applicable state law. In addition, the amount of compensation paid from the trust for legal services sometimes is limited by state law or the terms of the trust to "reasonable compensation", which also is a term of art that varies from jurisdiction to jurisdiction. A reasonable attorney fee charged in New York City may not be reasonable if charged in El Paso. Finally, a trustee who is found to have violated its fiduciary duties may be required in some instances to reimburse the trust for legal fees paid from the trust in defense of such violation.

No, of course not. Think about it - Principal is the money you borrowed - you didn't pay any income tax on it when you got it.

If what your thinking could be - then You loan me a million....and I loan you a million, and when you give it back to me to pay off the loan (in one or 360 payments), and (presumably) I give it back to you...we both get a million dollar deduction?

Your no richer or poorer...and neither am I...neither of us had any expense or income.

As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners.

At the end of 2009, there were approximately 129.9 million housing units in the United States of which 66.2% were owned by the people living in them. Of this 86.0 million housing units, approximately 20% own their homes "free and clear" (except, of course, for property taxes), suggesting that there are approximately 68.8 million housing units with debt underlying the ownership.

The average mortgage balance, then, is just short of $172,000 (and, evidently 10% of the population have mortgages outstanding of over $250,000).

You can find a VA Assumable loan from any legitimate loan company both foreign and local.if you are finding it difficult to obtained a loan from a money lender, you can contact this lender whose name is Mr. Maurice Tyson? Eight months ago. I was offered a 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. Pls find his contact email:inquiry.nortonfinanceloans@hotmail.co.UK if you are interested in getting a loan from him.

Henry

Repo is like a repurchase agreement.The rate at which RBI sells securities to bank. But, bank rate is the rate by which RBI lends money to commercial banks. Annu Prakash

In most cases the co-signer is in fact the borrower. I would think as long as you make the payments on time the lender will be o.k. with it, they usually want the money not the collateral back. I would read the finance contract(yes all the small print) there should be something stipulating the conditions for "due on demand". Hope thishelps.

Direct write off means, to expensed out those accounts receivables to profit and loss account which becomes bad debts and seem unrecovrable from debtors. Other way to write off bad debts is through "Allowance for uncollectable" method which is indirect method to write off bad debts.

One hundred thousand dollars is a lot of money. I'm not sure you can get a 100,000 loan anywhere. My suggestion is to maybe go on a game show or something. Cheers!

Yes as long as their income and deposit meet the landlord's requirements. Remember, every landlord is different so it depends.

Just from the information you have provided, I would not think so. If there are 2 more years to go on the original rate, and you are planning on selling by the time it is scheduled to increase, what advantage would you have?

The lowest interest rates on fixed loans aren't much lower than you already have. If you need to try to lower your payments, then it might make sense, but with the closing costs, most financial advisor's agree that you don't usually pay off the extra costs until several years (usually 5) after the refinance.

Don't forget to find out if your taxes will go up with a refinance.

There are many excellent, free sites on the internet that can do the calculations for you, so I would advise you to try several different plans and see how they would work for you.

Be sure you are aware of what the appraisals are in your area, so you won't have any unpleasant surprises.