Loans

The closest you can get is $339,200 for a purchase price, less 3% ($10176) will leave you $329,024.00 Generally the buyer is entitled "up to" a certain percentage and not the exact percentage because they would all go directly to closing costs and not allow the borrower cash out.

I am assuming you are talking about the appraisers notation of the condition of the home. FHLMC and FNMA require "average" at the least prefer "good" to be used. You might find some private investors ot local banking institutions that will use less than "average".

Yes, they can find you. If you have loans, then you should pay them off. When they find you, they could take you to court and make you pay. Alot of times you have to leave the US and go to them and their court systems. It probably will have an effect on your credit score in the US.

You can get the lowest rate a lender can offer. As of today, 7/7/06, as long as income and the down-payment is available, you could get a 6.75% on a regular convention loan. You can call around and get the information without giving out your social security number and any other information so credit can't be pulled until you are ready.

I doubt it. The Mortgagee (i.e., the mortgage company) has an interest solely in the value of its collateral, which is its financial interest in the property as described in the mortgage documentation. I do not believe that the Mortgagee would possess an "insurable interest" in the property sufficient to compel you, the owner (also called the "mortgagor") to purchase insurance beyond replacement cost coverage. Further, I doubt a carrier would even sell coverage greater than replacement cost.

The car, regardless of who's making the payments, is your responsibility. You bought it, you're the owner. This is why it's not wise to buy such large items for others and then assuming they'll make good on the payments. If you have a written agreement with the other person that states they're responsible for payments, you could sue them to collect, but as far as lenders and your credit are concerned, the car belongs to you.

Just contact a debt consolidation company. There are several debt consolidation companies. They would provide you with the debt plan according to your amount of debt, income and many other factors.

You apply for debt consolidation online.

You can coordinate this with his bank, or do the loan at your bank to pay his bank off. It cannot just be handed over, you have to go through a credit check just as if you were buying it new.

You have 30 days until the Mortgage company takes ANY action. You have anywhere 3 months to a year if no further payment is made before you will be forced to vacate. A judges signature is required for ANYTHING to happen.

First you send a notice informing the borrower that the loan is delinquent and demand immediate payment of the amount in arrears. If that fails you may have to take them to court. If the loan is backed by a lien on an asset you can take the asset, but depending on where you live you may be required to obtain an order from the court before you are permitted to seize the asset. Otherwise you may get an order from the court for the other party to pay and then you'll have t try to find some assets and petition the court to attach those assets and then for an order allowing you to seize or garnish them. Or you can sell the debt to a collection agency that does this work all the time for a fraction of the face value. If you're not a lawyer, you'll probably do better selling the loan to the collection agency.

You have to show proof that your income is sufficient to pay the mortgage and any other bills you may incur.

This question is best answered by understanding what a conforming loan is. Government sponsored entities (GSEs) such as Freddie Mac, Fannie Mae, and Ginnie Mae purchase mortgages from lenders. In order for a mortgage to be purchased, it must meet certain standards (called "conforming"). For a conforming loan, mortgage applicant must meet the following requirements: * PTI (paymento-to-income) ratio below a certain threshold * LTV (loan-to-value) ratio below a certain threshold * loan amount below a certain threshold A nonconforming loan is one which does not meet these requirements. For example, a common nonconforming loan is a "jumbo mortgage", which has a loan amount that exreeds the required threshold.

Yes, you should be able to. You could possibly qualify for a FHA loan which doesn't put all of the weight of the file on credit scores OR you can look into obtaining a non-conforming loan with a non-conforming lender. Your main stream lenders also offer these type products. Be aware that there is a very good chance that you will have a higher interest rate.

A very high percentage both in Canada and the U.S. I live in Canada (don't think the U.S. is much different when it comes to student loans) and the loan is difficult to pay off. Presently, our government is going to make it easier for students to loan money. Most parents can't afford to pay all the expenses that a student requires, and, if a government is smart, they will come to realize that students can't work 1 - 3 part-time jobs to pay for college (books and tuition is becoming more expensive every year) study, and be expected to retain good health. It's stupid!

I know several young people in my town and they would rather work 2 - 3 jobs than take out a student loan.

If the student is a very good student, then I feel the government should kick in SOME financial help free of charge to get that student the best education possible. Sounds like I'm from Russia, but that's how they do it. In Russia the student could be from a wealthy family, but the student could be as bright as a bag of nails, but another student from an average to poor family could be highly intelligent and the government will pay for their education. Makes sense to me. I did go to University for a short time and found that there were a lot of "bench warmers" sitting there killing time. I knew students that were like this and either they eventually quit or their parents paid their way through. My opinion only, but, dead wood should be kicked out and those that are serious get good education without having a debt for the rest of their lives.

If you can get away without a student loan try. Only use it as a last resort. Check into it and see what it will cost you in the long run.

It's a shame to see the waste of a beautiful mind!

Good luckMarcy

In the U.S. the percentage of defaulted student loans is much lower than most people believe. Defaulted loans reached their highest peak in 1990 at 22.4% when the government allowed loans to be used at almost any institution that even vaguely resembled a form of educational purpose. The percentage of defaulted federal student loans in 2003 through 2005 averaged 4.9%.

Last I checked you can't make any large purchases once you file bankruptcy. Usually when you file Chapter 7 bankruptcy they take things that you own to pay for your debts because you can't afford to pay for them yourself. If you don't own anything then I believe that basically your dets are written off. Granted there are all kinds of promotions out there for bankrupters but I believe that I would hold off making a large purchase. * A lender will generally require at least 12 months of responsible credit use after a BK discharge. The consumer should be aware of predatory lenders who offer immediate loans to persons who have been involved in any BK. These lenders charge excessive interrests and fees, and will include a clause in the contract of agreement by the borrower to waive due process if the loan should be defaulted.

No. The executor or executrix cannot be held personally responsible for the decedent's debts.

If you've got a good credit rating you can do it in a day. The best thing to do is figure out your budget, then go to your banking institution to talk over the conditions of the loan (try several banking institutions for good interest rates) and then look for your car. Stick to your budget no matter how cool the car is. You can also dicker a lot with the car salesmen. Try for some extra options as well. Good luck Marcy

YES um no ! Technically yes, but there will always be fees attached that run up the price, such as fees for the guy who picked up the car, salesman fees, transfer fees, legal fees... don't worry, they won't let you get any of that money back.

"Dismissed" generally means the debt was not included in the BK and is still valid. "Discharged" means the debt was included in the BK and is no longer valid. No, because the house secured the loan. Technically, the bank probably owns more of the house than you do and they're certainly happy that you did all of those improvements for them and are thinking of walking away from the payments.

If you have a reseasonably good record of credit. Even if you were between jobs, but made every effort to pay off your debts this would look good on your record. If you constantly missed payments and made no attempt to pay them off your chances aren't good. If you have collateral and it isn't used for a loan then you could use that collateral to get your loan. Banks love to make one feel that if they have a lousy credit rating that they won't loan them money for something small such as a car, but the opposite is true. Cars are easy turn-overs, so banks can make money of them. A house is harder for banks to deal with. Credit cards companies in especially the U.S. and Canada just LOVE to have people sign up, spend like there is no tomorrow and they make plenty of money off missed payments. Most people never stop to figure out the percentage on their credit cards (they may know the %) but when they see their balance and then they start to add up the interest building on that balance it's mind boggling and it's tough for people to get out of credit card debt. Something else most people don't know, they can haggle with the credit card company to lower their rate of interest in order to pay that debt off. Go to your bank manager and see what they can do for you. If you have a poor credit rating and haven't paid off all your bills and a loan company practically ties you down to sign that contract for a loan to get a car, run fast and hard! They know that you can't really afford it and 9 chances out of 10 they'll take the car back if you miss payments. Also, their interest rates are much higher than banks. Good luck Marcy

If they have called in the note and you have not paid in full, they have the option of selling it or holding it for you. Once you've paid the full note and they mark it "paid in full" they are obligated to get both the vehicle and the title to you immediately.

It sounds like you've learned a very important lesson. NEVER loan cash without at least a receipt that says on it what the money is for and that this person owes you that money (a date should be on this receipt as well.) If you are paying cash for anything, get receipts, and when paying out big items pay out in checks so you can stop payment on a check if you decide the work is inferior or you have changed your mind about the loan to that person and the check is the receipt. Lending money will split-up families and friends. Often the person that has loaned the money is in a tight bind and will intend on paying the loan, but can't make the payments. Intead of being mature about the whole thing and if you offered to loan the money they should have said, "I really appreciate your offer, but I don't know when I can pay the money back." Then it's your decision to loan the money or not. Unless you have a date on a piece of paper and a signature of the loaner stating they have loaned this money then I am afraid you can put wings on your money. Marcy

Yes, because then they have a vested interest in the property, whereas a cosigner usually has no legal rights to the vehicle and is only agreeing to assume the debt if the primary borrower defaults on the contract.

Only if they are a joint title holder of the vehicle.