Posts Tagged ‘Car Loan’

mortgage math problem: Between her home mortgage, car loan, and credit card bill, Megan is $75,300 in debt?

Thursday, October 30th, 2008
home mortgage loan credit
Martha asked:


The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find the amount of each loan.

Lloyd

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Posted in Mathematics | 4 Comments »

How difficult is it to get a home mortgage loan?

Monday, April 14th, 2008
home mortgage loan credit
kelly m asked:


I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?

Gertrude

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Posted in Renting & Real Estate | 2 Comments »