January 18th, 2009
Ocean Yehti asked: I recently got laid off from a second job. I used this to keep current on my unsecured debt(Over 50k) we had a rough couple of years with medical and household expenditures. Between my wife and I through our primary jobs we can keep current on our home loan and keep the household budget going along. I just won’t be able to make all the current payments on my debt. I guess my question is since the cards are unsecured should I concentrate on keeping my home loan current at the expense of my FICO scores?
Dean
Tags: Current, Guess, Unsecured Debt
Posted in Personal Finance | 4 Comments »
January 18th, 2009
home#2 asked: Our current home is in Seattle. We will be keeping this home and living in it during the summers, our new home will be in Denver and we will be living in it during the rest of the year.
Eddie
Tags: Current, Mortgage Interest, Mortgage Loan
Posted in Renting & Real Estate | 3 Comments »
January 17th, 2009
DogJD asked: First off, I’ve been looking into franchising a business. The business would be a cafe, that would cost about $100,000, give or take. It’s kind of hard to get a business loan because I’m in debt and don’t have the best credit score. I was thinking, and are there any loans out there that allow a person to have the $100,000 added onto their home mortgage loan or payment. So I have a $160,000 house, and I could refinance or whatever to get a loan for $250,000 to $300,000, give or take that would include a home and business loan in one. I thought of the idea because I know of loans that will let you borrow a certain percentage of your home loan for debts and other things. So, is there any out there, or do you have any other ideas? Thanks to any answers that come my way, or advice!
Andrew
Tags: Home Mortgage Loan, Loans, Mortgage Payment
Posted in Credit | 3 Comments »
January 16th, 2009
kristinjohnson111 asked: I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75%, and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i’ve noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks
Dan
Tags: 10 Years, Loan Mortgage, Mortgage Refinancing
Posted in Personal Finance | 2 Comments »
January 7th, 2009
HAPPY_DAYZZZ asked: I am in the process of buying my first home in NYC,
>I wanted to know which lender is better? (rates, customer service, company reputation? etc?)
> I have 20 % to put down.
>any personal experience / advice you can share with me?
Thanks!
Arlene
Tags: Company Reputation, Countrywide Loan, First Time Home Buyer
Posted in Renting & Real Estate | 7 Comments »
January 7th, 2009
Vic D. Dik asked: Why is there a lot of home foreclosure in the U.S. today?Did the interest rates on existing home loans suddenly increase?
Are interest on loans allowed to fluctuate wildly? By how much? But are not the key interest rates which are the basis of interests on home loans at their record lowest, thereby making home purchases very accessible? And what is the current loan interest rate now in the U.S? In the Philippines, you pay 7-8percent per annum. How does that compare to the US?
Anita
Tags: Home Loans, Home Purchases, Loan Interest Rate
Posted in Personal Finance | 6 Comments »
January 6th, 2009
Proud mommy asked: My husband and I are trying to purchase something. A lender told us we are able to get $350,000 loan which the payments would be $2,600.00 which I don’t think we can afford. How much would be safe to get so we can pay $1,500.00 per month?
Alexander
Tags: Home Loan, Loan Payments, Mortgage Payment
Posted in Renting & Real Estate | 14 Comments »
January 5th, 2009
brownetw asked: we have about 20k worth of equity but we fell behind on our mortgage payments early this year and negotiated a plan to incorporate the amount we were behind into our normal monthly payments. making those payments a bit higher each month. that however is still not working because of all of our other bills and we want to use the equity to pay off a vehicle and a bunch of credit card debt etc… is that possible?
Hazel
Tags: Home Equity Loan, Incorporate, Mortgage Payments
Posted in Renting & Real Estate | 4 Comments »
January 5th, 2009
kristinjohnson111 asked: I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75% but its a 30 year loan., and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i’ve noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks Those of you in the finance business what would you suggest for me?
Theresa
Tags: Mortgage Question, Mortgage Refinancing, Variable Rate
Posted in Renting & Real Estate | 2 Comments »
January 4th, 2009
kristinjohnson111 asked: I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75%, and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i’ve noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks
Calvin
Tags: Loans, Mortgage Refinancing, Variable Rate
Posted in Renting & Real Estate | 3 Comments »
