Loans

The mortgage will be paid off from the proceeds of the sale. The buyer's attorney will make certain the mortgage is paid off before the buyer takes title.

18 or older.

Yes, if the vehicle was purchased during the marriage it is considered community property.

Your house is in forclosure, this means you do not pay your mortgage. Unlikely a bank would take such a risk!

The only way for a co-signer to be taken off the loan, would be for the primary borrower to refinance the account.

Look to the instrument that created the interests. If the instrument is silent on this point, in most cases, the decedent's wife is obligated since her name is on the mortgage. Option: If this is not desired, someone else (life estate tenant or remainderman) may refinance and pay off first mortgage.

The defaulted debt will become a negative entry on the primary borrower's credit history and will remain for the required 7 years.

If the loan will be in both names, generally the lenders look at the two individuals as one "person." However, there are certain situations, such as a person who has a lot of other debt, poor payment history, etc, where they may require the second person to qualify individually.

At least in Ohio, the answer is yes. A new loan policy of title insurance is needed by the lender because they want to be insured up to the new loan amount. If this refinance is within 10 years of the date you initially took out the loan, your title company may be willing to give you a "re-issue rate", which is about a 30% discount.

You need to ask your lender. If they are re-writing the existing loan, they may simply ask for upgraded Mortgage policy and have you pay the difference for the new loan amount based on the local rates/fees.

If you are paying off the existing loan, then they will require a new Mortgage Policy. You must remember that a Mortgage Policy is only good for the life of the loan, so once it is paid in full (even from a refinance with the same bank) the mortgage title policy ceases to exist.

Most states offer a refinance rate which is calculated on the new loan vs the original amount of the current loan.

The above answer is pretty thorough - just check with your lender/local title agency to find out what the fees are for your state.

What you need to do is get a new loan from a different bank and work it out with the car dealership. If no bank will fund you, then you have no choice but to turn over the car - since there isn't a bank to pay them for the car, they can take it back.

Yes you can. Make an appointment with a loans officer at the bank your mortgage is at. They will take you through all the paperwork and answer any questions you may have. You will have to have proof of death (death certificate) and possibly the birth certificate of the deceased. Phone first and see what legal documents they require. Be sure you phone other banks and check out the prime rate of mortgages so you can dicker at the bank for a good mortgage rate. Very sorry to hear about your father passing away. Marcy

Usually you would sign loan papers at a title company or a location handling the change of title.

I am not entirely sure why you would wonder if advertising on the Internet would be legitimate or not. The only real regulation that applies to payday loan advertising is to state the APR (annual percentage rate), when making ANY reference to the costs of obtaining a payday loan. Which makes no sense, as the loan is NOT an annual contract, but a (usually very short) short term contract.

For example, one site offers a payday loans for a 15.00 fee per 100.00 borrowed for a 2 week period. Meaning if you need a $100 payday loan, the total cost for the loan would be $115.00 as long as you paid if off when you said you would, your next payday (avg of 2 weeks). However this technically equates to 540% APR, which makes it sound totally crazy, like it is a giant ripoff. About the same as the 39.00 fee Bank of America charged for an overdraft on an account of 2.00.

You can't get a VA loan anymore with under a 580 score....You could have 6 months ago though, but the good days are gone. Being eligible for a VA loan simply means you were/are in the service and you were/are a good soldier and you can get 100% financing. Basically the VA is saying they will take the risk for your time served to your country, but the investor for a loan still wants you to qualify. My advice would be to pull your credit report on your own (when consumers pull it it counts as a hit, when you do, it doesn't). You probably have old collection accounts showing as recent as well as duplicate accounts (creditors sell the accounts, and then someone else reports it new and double). www.annualcreditreport.com offers all three bureaus completely free, and you can dispute the items online. It only takes about 1-2 weeks. According to the fair credit reporting act, the collection has to show on original date it went into collections, can't show whenever the creditor wants it to show or when it was sold to a new creditor. If you have good new credit, and your bad stuff is old, well you have a good shot. If you still don't qualify with a 580 score and your credit has been good for the last 12 months, call around and see if lenders do manual underwrites. The rate is a little higher, but if you are really serious about the home, you'll be fine. Oh yeah, no investments with a VA loan, has to be your primary residence. Hope this helps!

After five years. At least that is how long they kept me in and I paid. It makes no difference if you pay or not. You will still be in Chex systems for at least five years. The only way to get out of chexsystems is to wait the 5 years or file a dispute with either chexsystems or the bank that reported you to chexsystems. There is no guarantee for removal. Paying Chexsystems will NOT remove you. They do however have to make sure their records show that no debt is owed. Chexsystems is a CRA and must adhere to the FCRA. All information on your report MUST be accurate or deleted.

AS long as the loan is in good standing, the finance company can not recind a loan..I do believe you are using the wrong word (recind)..If the loan is past due, the company can demand payment in full..The death of a co-borrower has no effect.

It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.

You can co-sign on as many transactions as you feel like..Remember..Every time you co-sign on a loan, it will appear on your credit report..AND..If the person you co-signed for does not pay, you are responsible..Under normal circumstances, creditors asking for a co-signer know that the odds are close to 75% that you will end up making some of the payments.

Yes, the charge off designation indicates the mortgage agreement is in default. It is quite possible the lender will proceed with foreclosure action unless the loan can be reaffirmed and the missed payments and penalties brought up to date.

It should appear within 30 days..After 15 days from the time the dealer takes in your trade, you should contact your financial institution to confirm they have received payment in full...If not..Contact the dealer to find out why they have not paid the debt.

It doesn't hurt your credit to pay off a loan early.

Take your first mortgage rate and add it to your second mortgage rate i.e. 1st rate is 6.00% and the 2nd mortgage rate is 11.00%; add the two together and divide by two to get your combined rate. In this example it would be 8.50%. Then find out what a new rate would be by refinancing the two. Personally, speaking if you can lower the rate by at least 1 - 1.50% and you plan on staying in that home in excess of five years, it would be worth looking into doing.

All real estate transactions have similar closing costs but vary depending on many variables like state taxes, insurance, processing fees, etc. A general rule, or average, would be 2% of the sale price.

Mortgage Points When you close on a mortgage, you are given the option to buy "points". These points are a fee paid to the lender that lower the interest rate on the mortgage. One (1) point = 1% of the mortgage amount, and will typically lower your interest rate by 0.125% on a 30 year loan. How do I know if I should buy Points? Whether or not you buy points is a function of how long you will keep your mortgage. Generally it will make more sense to buy points if you plan to hold onto your mortgage for a long time, and you can calculate the breaken number of years for buying points to make economic sense. About.com offers the following advice on determining this breakeven point: * "1. Calculate the amount of your monthly payment at the interest rate you will be charged if you do not pay points. * "2. Calculate the amount of your monthly payment at the lower rate if you do pay points. * "3. Deduct the lower payment from the higher payment to find the amount saved each month. * "4. Divide the amount charged for points at closing by the monthly amount saved. The result is the number of months you must keep the loan to break-even on paying points." About.com continues with an example, showing the breakeven mortgage hold period for buying 1 point on a $100,000 30-year 7.5% loan is 117 months. If you hold the mortgage less than 117 months, it won't make economic sense to have purchased the points.

- How do I know if I should buy Points? - Whether or not you buy points is a function of how long you will keep your mortgage. Generally it will make more sense to buy points if you plan to hold onto your mortgage for a long time, and you can calculate the breaken number of years for buying points to make economic sense. About.com offers the following advice on determining this breakeven point: "1. Calculate the amount of your monthly payment at the interest rate you will be charged if you do not pay points. "2. Calculate the amount of your monthly payment at the lower rate if you do pay points. "3. Deduct the lower payment from the higher payment to find the amount saved each month. "4. Divide the amount charged for points at closing by the monthly amount saved. The result is the number of months you must keep the loan to break-even on paying points." About.com continues with an example, showing the breakeven mortgage hold period for buying 1 point on a $100,000 30-year 7.5% loan is 117 months. If you hold the mortgage less than 117 months, it won't make economic sense to have purchased the points.