Archive for the ‘Personal Finance’ Category
Sunday, 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 »
Friday, 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 »
Wednesday, 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 »
Thursday, December 25th, 2008
jamiet95608 asked: I’m thinking of buying my first home next year in sacramento. I’m hoping to see a significant drop from current prices. I make the median income (~$54,000). In 1 year, I’ll have ~$35,000 in savings and ~$5,000 in my 401k. I’m 23 years old and have been working at my job for 1 year now. I currently have a credit score of 780. My only debt is $8,000 in student loan at 4.5% interest. I’m willing to make monthly payments of ~$2,200. I might move in a few years. What kind of a loan can I get? Which programs are best for my situation?
Thank you for reading.
Joan
Tags: 401k, Loan Programs, Student Loan
Posted in Personal Finance | 3 Comments »
Tuesday, December 16th, 2008
coupleofbeachbums asked: My wife and I have no home mortgages, car loans, credit cards or any type of debt. We make about $50K a year.
Ramon
Tags: Best Way To Rebuild Credit, Car Loans, Home Mortgages
Posted in Personal Finance | 5 Comments »
Thursday, December 11th, 2008
Tracy C asked: I have been trying for several month to get a loan for a new home, but I have had no success at all. Everybody that I contact or apply with give me the same answer all the time, which is ” Sorry we can’t help you at this time due to your poor credit rating. If no one will give you a chance then how can you fix your credit situation? I have been employed for the past five years with the same company. I don’t make a whole lot a year. I make about $40,000 a year. I think I can afford a new mortgage. I would like for my children to grow up in a better situation than I did. I admit I have made some mistakes financially, but are those mistakes going to haunt me forever? I just want a chance to live the American dream of home ownership. Please don’t mention credit repair, I have tried those companies and my credit sitiuation is was worse after I finished the repair program. If you do not have positive input please don’t respond to this question. Rip-off artist need not respond.
Alvin
Tags: American Dream, Loan With Bad Credit, Whole Lot
Posted in Personal Finance | 7 Comments »
Friday, October 31st, 2008
kristilynn729 asked: Does anyone know a company in Ohio that will give you a home mortgage loan for an investment property? We have excellent credit and already own our home and do not want to take out a home equity loan. The problem we are having is we only need the loan for $18000 and can not find anyone who will loan that little bit for a mortgage
Dustin
Tags: Home Mortgage Loan, Investment Property, Mortgage Investment
Posted in Personal Finance | 2 Comments »
Saturday, October 25th, 2008
Triton27 asked: I was wondering if i could get a home loan for about 50k? and what are my best options for getting this loan?
Here are my stats:
650 Credit score
Will be graduating from UC San Diego in December (but have no job lined up yet)
No student loans
Car paid off
No money in the bank
Could i get the loan by Early 2009? when would be the earliest i could qualify for this loan?
Thanks!
i live in CA and i will be working when i apply for the loan.
Melinda
Tags: Credit Score, Money In The Bank, Options
Posted in Personal Finance | 7 Comments »
Sunday, October 12th, 2008
samantha r asked: get a copy from a rent-a center on stuff that i purchased, to show good payment history for the past couple of years(puchased a washer and dryer on a 2 year payment plan, and was never late), if i don’t have a lot of good payment history on my credit report?
if so, will this help get a home loan by showing something like this to them?
Herbert
Tags: Credit Report, Payment History, Rent A Center
Posted in Personal Finance | 9 Comments »
Monday, September 29th, 2008
jabksufan asked: I am trying to get a loan on a new property, but I still have a small mortgage on my current home. I don’t want to lose out on the new house, but with some past credit issues (6 & 7 years ago issues), I cannot find someone to approve me for a loan while I still have a mortgage. How do I sell my current home and then “see” if I can get approved for my new home?
Mike
Tags: Current Mortgage, Loan Mortgage, New Home Loan
Posted in Personal Finance | 4 Comments »
