Loans

the bank will sell the motorcycle normally at auction what ever it sells for is taken of what is owed and you pay that balance if it makes more then is owed a refund is payed

more interest is paid at first to secure the loan. they want to get their part of the money back as quickly as possible. what happens to the value of a new car the instant you drive it off the lot? Financial institutions are in it to make money not lose

An amortization loan table is a chart that displays each periodic payment on an amortizing loan, and each number is calculated using an amortization calculator.

call the mortgage holder and make payment arrangements

If you are lucky, yes. But most likely, no lender will give you a mortgage loan if you are or have declared bankruptcy.

The primary signer's credit will not be affected by the bankruptcy of the co-signer (as long as pmts are made on time). However, if the loan is relatively new, the lender may require the primary borrower to sign new papers providing a different co-signer.

If the person lives in the home and is added to the title, it can be done.

you are in upside down then. I am surprised you could have mortgaged for more than the house is worth

Interest rates on any type of mortgage all follow the 3 C's" Credit, Collateral and Character. Credit: Your credit history..your credit score. Collateral: How much equity (your loan vs. the value of the home). Or in a purchase the amount you have as a downpayment. Character: Your job time ect. Imterest rates are based on risk: The less equity you have, the more of a risk of a loss for the bank should they foreclose. The better credit you have, the less likely you are to not to pay your mortgage. Sporatic job time could lead to unemployment which could lead to a mortgage default. Interest rates are not determined nor applied differently regardless of whether the loan is solely or jointly held.

If the lender truly pulled a bait and switch or acted inappropriately, it should nullify the application fee. However, you'd have to be able to prove it and then probably file a small claims suit. YES. It is a fee to have your application "processed" and if either party backs out they keep the fee for doing the paperwork, regardless of the outcome.

there is no data on the average person, so i will tell you what to look for at your appointment. They should present several plans to refinance your mortgage. If they are a good broker they will have a no-fees plan that comes with a slightly higher intrest rate. The important thing is that you understand that they make money off of you saving money. If they are greedy your savings wont outweigh what they are making. They make money two ways, "on the front" and "on the back". They get "points" from the bank when they give you a higher intrest rate than the lowest possible rate. If they cannot convice you to go with the slightly higher rate, they will attempt to make up the difference in fees.

The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.

Loan Value is the amount of cash value that can be borrowed on a policy. A policyowner may be able to make a loan against the cash value of the policy, based on the type of policy owned. A loan allows access to the cash value of the policy, while still maintaining the insurance coverage. When a loan is made against a policy, the death benefit is reduced by the amount of the loan plus any interest that is owed. Loan interest rates vary and specific provisions are generally explained in the policy itself. Generally, a policyowner can request a loan by calling a Service Center. However, in certain instances, a loan form or written request signed by the policyowner will be required. Please remember a policy loan accrues interest and will reduce the death benefit. A loan form or written request signed by the policyowner must be sent to a Service Center if: * The policyowner requests that the loan check be sent to a temporary address. * There is a change of address pending when the loan is requested. * The policy is company owned. Signatures of two officers and their titles will be required for corporations and the sole proprietor's signature will be required for sole proprietorships. * The proceeds of the loan are being transferred to a bank. * The policy has multiple owners. * The policy is owned by a trust. * The policy is assigned.

Definitely yes

The mortgage company can not add your name to a loan that you did not close on. However.... Several states allow companies that extend credit to hold both spouses liable if they are married at the time the debt was incurred.

I would recommend that you talk to legal counsel in your state if you are in this situation.

if all goes well you should be able to close in 30 days It will also depend upon when the parties want to close the deal (availability of cash, tax dates for capital gains, etc), and whether there are any contingencies (financing, inspections, repairs, build-outs, easements, zoning, etc).

For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.

Certain mortgage companies can issue a loan for a modular home. I'm a loan officer and have given these loans before. It sounds like a not easy cracking nut,have a look here, you should find something useful for you.

You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.

As long as your residence has been the same for the last few years, most banks will look at your employment history to see if you are a good risk and that your place of residence isn't like a nomad roaming everywhere.

It is tough finding a used car that is in good running order and low price. Most banks want to finance an amount that they will make interest on the loan. If the amount is small they won't make as much interest so if your job is paying well based on the above you should be able to get a car loan. Try credit unions through your employer if they have one or a family members credit union you will get a much better intrest rate there than a bank.

If you life in a large metropolitan area, there are car dealers that offer "bad credit ok" loans. The interest is usually very, very high. You could ask your employer to supply the car as part of your employment.

Yes.

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depending on where you live and your bank or finance company, you will either have to pay the entire balance or just catch up on the payments and late fees plus all repo fees. Call your lender and I'm sure they would be happy to answer your questions.

No. The state has you both on the car so you both have equal rights to it regardless of who signed it. Depends on how it is titled. If it is Joe AND Mary, they must both sign and the title loan company would not have given a loan without both signatures. If it is Joe OR Mary, either of them may sell (or lose) the car without the other's signature A contributing factor will also be if the vehicle is titled to a married couple and said couple live in a community property state.

In MOST cases, if you pay the repo fees and catch up on your payments, you can get the car back. Sometimes, however, the bank will want you to pay the entire balance.