totalled car and payed off loan, need new loan but got denied from same credit union as old loan, why?
Q. Have better credit than last year when I gott the loan, 690. More income now by 35%. What do I do. Old loan is getting payed off by insurance, need new loan.
Asked by Ryan C - Wed Jul 1 16:07:23 2009 - - 5 Answers - 0 Comments
A. Credit is tighter this year than last year. Actually, 690 is not bad but some lenders want to see 700 or higher. Some consider 680 as okay. You should shop around and find a lender that likes your 690. Remember, there are three difference credit agencies. You could have 690 at one and different scores at the other two. Lenders normally only look at one, but you don't know which.
Answered by peterthegreat - Wed Jul 1 17:58:18 2009
Q. Have better credit than last year when I gott the loan, 690. More income now by 35%. What do I do. Old loan is getting payed off by insurance, need new loan.
Asked by Ryan C - Wed Jul 1 16:07:23 2009 - - 5 Answers - 0 Comments
A. Credit is tighter this year than last year. Actually, 690 is not bad but some lenders want to see 700 or higher. Some consider 680 as okay. You should shop around and find a lender that likes your 690. Remember, there are three difference credit agencies. You could have 690 at one and different scores at the other two. Lenders normally only look at one, but you don't know which.
Answered by peterthegreat - Wed Jul 1 17:58:18 2009
Will manufactured home trade-in value and land-in-lieu value be credited on a loan for a new mf'd home?
Q. I currently have a mortgage for a manufactured home which sits on my own land. My husband and I want to buy a larger manufactured home using land-in-lieu of cash down payment. If the trade-in value on the old home is $20,000 and the the land appraisal is $20,000, will $40,000 be credited against the new loan amount?
Asked by Sherri Hockey - Mon Aug 10 19:51:29 2009 - - 2 Answers - 0 Comments
A. No. You will get the credit for the 20,000 trade in. The value of your property will just be put up as collateral for getting the loan. It will not reduce the price. The lender is taking a greater risk since you do not have a suitable down payment. This way if you default, they can repo the trailer and the land.
Answered by Chickie! - Tue Aug 11 08:55:56 2009
Q. I currently have a mortgage for a manufactured home which sits on my own land. My husband and I want to buy a larger manufactured home using land-in-lieu of cash down payment. If the trade-in value on the old home is $20,000 and the the land appraisal is $20,000, will $40,000 be credited against the new loan amount?
Asked by Sherri Hockey - Mon Aug 10 19:51:29 2009 - - 2 Answers - 0 Comments
A. No. You will get the credit for the 20,000 trade in. The value of your property will just be put up as collateral for getting the loan. It will not reduce the price. The lender is taking a greater risk since you do not have a suitable down payment. This way if you default, they can repo the trailer and the land.
Answered by Chickie! - Tue Aug 11 08:55:56 2009
I have a loan now and want a new car, how does that work?
Q. I have an existing loan on a car that I have been paying on for 2 1/2 years and was wondering if I trade that in for a new car (which I will need a loan for) how does my present loan affect a new loan?
Asked by Kristen - Sun Apr 26 11:49:15 2009 - - 3 Answers - 0 Comments
A. whatever is left after the trade in is removed will be added to your new loan. Kinda like buying a car and paying for 1.5 or more cars. Pay off the first one and then change cars.
Answered by Doug W - Sun Apr 26 11:54:48 2009
Q. I have an existing loan on a car that I have been paying on for 2 1/2 years and was wondering if I trade that in for a new car (which I will need a loan for) how does my present loan affect a new loan?
Asked by Kristen - Sun Apr 26 11:49:15 2009 - - 3 Answers - 0 Comments
A. whatever is left after the trade in is removed will be added to your new loan. Kinda like buying a car and paying for 1.5 or more cars. Pay off the first one and then change cars.
Answered by Doug W - Sun Apr 26 11:54:48 2009
How do i recruit new loan originators or prospects to be LO?
Q. I have a mortgage company and i wish to recruit new loan officers. we have recently opened a new office which is bigger than our old one and its time for expansion. currently have 20 LO but would like at least 10 more. wat is a good way to recruit them
Asked by entertainer416 - Fri Dec 1 16:07:03 2006 - - 1 Answers - 0 Comments
A. Recruitment 'open days' are popular here in England, advertise for 'every one to come on down' to a buidling where you could do a presentation, from there you will guage the success of your own ability to sell the company
Answered by Ichi - Tue Dec 5 10:23:14 2006
Q. I have a mortgage company and i wish to recruit new loan officers. we have recently opened a new office which is bigger than our old one and its time for expansion. currently have 20 LO but would like at least 10 more. wat is a good way to recruit them
Asked by entertainer416 - Fri Dec 1 16:07:03 2006 - - 1 Answers - 0 Comments
A. Recruitment 'open days' are popular here in England, advertise for 'every one to come on down' to a buidling where you could do a presentation, from there you will guage the success of your own ability to sell the company
Answered by Ichi - Tue Dec 5 10:23:14 2006
What is "Cash term" and "Cash to new loan term"?
Q. When reading a real estate listing on a house what does "cash term" and "cash to new loan term" mean? Add "FHA loan term" to that list. What do these features mean?
Asked by npboutros - Wed Nov 4 11:00:04 2009 - - 1 Answers - 0 Comments
A. "Cash to new loan" means that you have to bring a certain percentage of your own cash plus whatever percentage the loan is being made to purchase the property. An example of this: If you were purchasing a property for $100,000 and you were approved for a mortgage loan of 90% which is $90,000. Your cash to the new loan would be 10% or $10,000. Now "cash" simply means that you are paying all cash to purchase a house and will not be required or getting a mortgage loan for the transaction. I hope this has been of some benefit to you, good luck. "FIGHT ON"
Answered by loanmasterone - Wed Nov 4 11:22:45 2009
Q. When reading a real estate listing on a house what does "cash term" and "cash to new loan term" mean? Add "FHA loan term" to that list. What do these features mean?
Asked by npboutros - Wed Nov 4 11:00:04 2009 - - 1 Answers - 0 Comments
A. "Cash to new loan" means that you have to bring a certain percentage of your own cash plus whatever percentage the loan is being made to purchase the property. An example of this: If you were purchasing a property for $100,000 and you were approved for a mortgage loan of 90% which is $90,000. Your cash to the new loan would be 10% or $10,000. Now "cash" simply means that you are paying all cash to purchase a house and will not be required or getting a mortgage loan for the transaction. I hope this has been of some benefit to you, good luck. "FIGHT ON"
Answered by loanmasterone - Wed Nov 4 11:22:45 2009
I am a new Loan Officer, what can I do to help other refinance, get pre-approve or do home loans for them?
Q. I am a new Loan Officer and was wondering on how to bring in people who wants to refinance, get pre-approve or do home loans either thru emails or something?
Asked by mvang_7 - Wed Dec 6 14:31:29 2006 - - 6 Answers - 1 Comments
A. Going to Realtor offices these days usually nets you nothing. After all, everyone who has transactions already uses someone, and most offices don't even let you in any more - many have an in-house lender already set up. You need to network and you need to differentiate yourself from the pack. You are new, so show your hunger, your enthusiasm, and your dogged determination, as well as sell your unique personality and qualities. Specialize into an area that interests you and know that market inside and out to maximize what you will get to be known for. Soon, you will hear - "Ask Monica, she is an expert on condo conversions". Stay positive, put in more work than you now expect, and get ready for a lot of rejection and a long road to… [cont.]
Answered by Steve K - Wed Dec 6 15:40:07 2006
Q. I am a new Loan Officer and was wondering on how to bring in people who wants to refinance, get pre-approve or do home loans either thru emails or something?
Asked by mvang_7 - Wed Dec 6 14:31:29 2006 - - 6 Answers - 1 Comments
A. Going to Realtor offices these days usually nets you nothing. After all, everyone who has transactions already uses someone, and most offices don't even let you in any more - many have an in-house lender already set up. You need to network and you need to differentiate yourself from the pack. You are new, so show your hunger, your enthusiasm, and your dogged determination, as well as sell your unique personality and qualities. Specialize into an area that interests you and know that market inside and out to maximize what you will get to be known for. Soon, you will hear - "Ask Monica, she is an expert on condo conversions". Stay positive, put in more work than you now expect, and get ready for a lot of rejection and a long road to… [cont.]
Answered by Steve K - Wed Dec 6 15:40:07 2006
How do i go about applying for a new business loan?
Q. How do i go about applying for a new business loan? I am starting a new business by buying and reselling consumer electronics, what do i need to obtain a new business loan or a grant. What do the banks look at before getting you approved?
Asked by Prince Of Light - Sat Jul 28 16:10:05 2007 - - 7 Answers - 0 Comments
A. When getting a loan here are things the bank looks for: A business plan detailing the product/service,, customer, location, and financial analysis. Your business experience and how well you understand this industry. Can you make this business work. Do you have personnel on your staff to supplement your lack of skills. history which demonstrates your ability to handle credit. Your personal credit score needs to be well above average. What collateral do you have and how can you guarantee the loan in case of problems. Terms How much, How long and For what? Can the what be reposed in case of problems? Your equity. They like to see you putting up more than 25% of what you need. If you've never been in business before, I would… [cont.]
Answered by ynot - Sat Jul 28 16:44:38 2007
Q. How do i go about applying for a new business loan? I am starting a new business by buying and reselling consumer electronics, what do i need to obtain a new business loan or a grant. What do the banks look at before getting you approved?
Asked by Prince Of Light - Sat Jul 28 16:10:05 2007 - - 7 Answers - 0 Comments
A. When getting a loan here are things the bank looks for: A business plan detailing the product/service,, customer, location, and financial analysis. Your business experience and how well you understand this industry. Can you make this business work. Do you have personnel on your staff to supplement your lack of skills. history which demonstrates your ability to handle credit. Your personal credit score needs to be well above average. What collateral do you have and how can you guarantee the loan in case of problems. Terms How much, How long and For what? Can the what be reposed in case of problems? Your equity. They like to see you putting up more than 25% of what you need. If you've never been in business before, I would… [cont.]
Answered by ynot - Sat Jul 28 16:44:38 2007
What happens if a broker cannot sell your new mortgage loan because of the current state of the loan industry
Q. I recently closed escrow on a new home mortgage, but because of the recent chages in the home mortgage industry, the broker cannot sell the loan to a traditional bank. They are basically stuck with the loan. Is there anything I should be concerned with? I recently closed escrow on a new home mortgage, but because of the recent changes in the home mortgage industry, the broker cannot sell the loan to a traditional bank. In otherwords, from what I am being told by my loan officer, is that when the loan funded, the bank that was to buy the loan closed its doors. Now that brokerage is stuck with the loan... Is there anything I should be concerned with?
Asked by Jack24 - Fri Aug 24 23:58:29 2007 - - 8 Answers - 0 Comments
A. Just to clarify with the confusion I see in some of the answers... Brokers can fund their own loans and then sell the loans. For those who don't understand this, run a search on "mortgage table funding" , "correspondant mortgage lending" and "mortgage broker warehouse line." Some brokers have taken on the name "Mortgage Banker" if they sell loans funded from their warehouse line. Some have not. Soon, "Mortgage Banker" will be completely accepted. It sounds like, as someone else answered, the Broker funded the loan on their warehouse line and the investor---who made a commitment to immediately buy the loan---went out of business. This is in no way the Broker's fault and you should do all you can to try and help the Broker get… [cont.]
Answered by Mark M - Sat Aug 25 02:41:57 2007
Q. I recently closed escrow on a new home mortgage, but because of the recent chages in the home mortgage industry, the broker cannot sell the loan to a traditional bank. They are basically stuck with the loan. Is there anything I should be concerned with? I recently closed escrow on a new home mortgage, but because of the recent changes in the home mortgage industry, the broker cannot sell the loan to a traditional bank. In otherwords, from what I am being told by my loan officer, is that when the loan funded, the bank that was to buy the loan closed its doors. Now that brokerage is stuck with the loan... Is there anything I should be concerned with?
Asked by Jack24 - Fri Aug 24 23:58:29 2007 - - 8 Answers - 0 Comments
A. Just to clarify with the confusion I see in some of the answers... Brokers can fund their own loans and then sell the loans. For those who don't understand this, run a search on "mortgage table funding" , "correspondant mortgage lending" and "mortgage broker warehouse line." Some brokers have taken on the name "Mortgage Banker" if they sell loans funded from their warehouse line. Some have not. Soon, "Mortgage Banker" will be completely accepted. It sounds like, as someone else answered, the Broker funded the loan on their warehouse line and the investor---who made a commitment to immediately buy the loan---went out of business. This is in no way the Broker's fault and you should do all you can to try and help the Broker get… [cont.]
Answered by Mark M - Sat Aug 25 02:41:57 2007
when will new purchase mortgages reflect the new conforming loan limit?
Q. I am looking to purchase a new home and wondering about the timing of the conforming loan limit change. Should I wait to put an offer in until banks reflect a change? Will this change take day, weeks or months? I found a place I like but am worried about loosing it. I already know the home is in a high cost area and will be able to take advantage of this change. My question pertains to WHEN this will be available.
Asked by Justus G - Thu Feb 21 19:51:37 2008 - - 3 Answers - 0 Comments
A. You are speaking as if you know what the change will be. Until HUD decides what the limits are for what areas, no one knows anything. We should know in under 30 days. Yes the limit will be $729,750 but where those limits will be is still a question. If you are assuming your house, in your area, will qualify for a conforming mortgage above the current $417,000 you may end up being surprised.
Answered by 321 - Thu Feb 21 20:03:44 2008
Q. I am looking to purchase a new home and wondering about the timing of the conforming loan limit change. Should I wait to put an offer in until banks reflect a change? Will this change take day, weeks or months? I found a place I like but am worried about loosing it. I already know the home is in a high cost area and will be able to take advantage of this change. My question pertains to WHEN this will be available.
Asked by Justus G - Thu Feb 21 19:51:37 2008 - - 3 Answers - 0 Comments
A. You are speaking as if you know what the change will be. Until HUD decides what the limits are for what areas, no one knows anything. We should know in under 30 days. Yes the limit will be $729,750 but where those limits will be is still a question. If you are assuming your house, in your area, will qualify for a conforming mortgage above the current $417,000 you may end up being surprised.
Answered by 321 - Thu Feb 21 20:03:44 2008
Can I transfer an old car loan balance to a new car loan without a trade in?
Q. I owe $2000 on my old car. I want a new car. I am giving my old car to my mom. Can I transfer the $2000 to my new car loan without a trade-in? (The car definitely is not worth $2000)My husband thinks I have to trade it in to transfer the balance.
Asked by Stacy B - Sat May 12 13:21:14 2007 - - 4 Answers - 1 Comments
A. simple answer is no. expanded answer is...people wonder why this country is up to its ears in debt. pay it off. if you cant afford to pay it off, you cant afford a new car
Answered by Go-To-Guy - Sat May 12 13:27:09 2007
Q. I owe $2000 on my old car. I want a new car. I am giving my old car to my mom. Can I transfer the $2000 to my new car loan without a trade-in? (The car definitely is not worth $2000)My husband thinks I have to trade it in to transfer the balance.
Asked by Stacy B - Sat May 12 13:21:14 2007 - - 4 Answers - 1 Comments
A. simple answer is no. expanded answer is...people wonder why this country is up to its ears in debt. pay it off. if you cant afford to pay it off, you cant afford a new car
Answered by Go-To-Guy - Sat May 12 13:27:09 2007
What is the average percentage rate for a new home loan in Arizona?
Q. What is the average percentage rate for a new home loan in Arizona?
Asked by Angel - Mon Jan 18 00:27:28 2010 - - 3 Answers - 0 Comments
A. If you are in the market for a mortgage it is important to understand what the Annual Percentage Rate means and what you need to know in order to find the best mortgage. Here are tips to help you shop smartly for your mortgage loan. Comparison shopping for a mortgage can be a difficult task. Mortgage lenders use one interest rate to calculate your monthly payment but advertise a different interest rate. What does it all mean anyhow? When you shop for a mortgage it is important to understand the difference in the two interest rates. Here is what you need to know. Annual Percentage Rate The Annual Percentage rate (APR) is calculated by factoring in interest charges and any other fees charged by mortgage lenders over the duration of the… [cont.]
Answered by Dost - Tue Jan 19 07:56:10 2010
Q. What is the average percentage rate for a new home loan in Arizona?
Asked by Angel - Mon Jan 18 00:27:28 2010 - - 3 Answers - 0 Comments
A. If you are in the market for a mortgage it is important to understand what the Annual Percentage Rate means and what you need to know in order to find the best mortgage. Here are tips to help you shop smartly for your mortgage loan. Comparison shopping for a mortgage can be a difficult task. Mortgage lenders use one interest rate to calculate your monthly payment but advertise a different interest rate. What does it all mean anyhow? When you shop for a mortgage it is important to understand the difference in the two interest rates. Here is what you need to know. Annual Percentage Rate The Annual Percentage rate (APR) is calculated by factoring in interest charges and any other fees charged by mortgage lenders over the duration of the… [cont.]
Answered by Dost - Tue Jan 19 07:56:10 2010
Can I get a new car loan with a repossession my report if I have a valid cosigner?
Q. I had my car repossessed about 1 year ago. Payment was in transit and as soon as they received the payment (2 days later) my car was released. I am looking to buy a new car and realized my credit score was hurt but can I get a new car loan with a very valid co-signer?
Asked by MegM0930 - Sun Jan 11 08:53:41 2009 - - 2 Answers - 0 Comments
A. If you've got some cash, you won't need a co-signer.
Answered by D S - Sun Jan 11 09:17:48 2009
Q. I had my car repossessed about 1 year ago. Payment was in transit and as soon as they received the payment (2 days later) my car was released. I am looking to buy a new car and realized my credit score was hurt but can I get a new car loan with a very valid co-signer?
Asked by MegM0930 - Sun Jan 11 08:53:41 2009 - - 2 Answers - 0 Comments
A. If you've got some cash, you won't need a co-signer.
Answered by D S - Sun Jan 11 09:17:48 2009
I defaulted on a student loan, It was paid in full 5 years ago. Is it possible to get new loans for education?
Q. Like to go back to school, but I defaulted on a previous loan and it went to collection. It's been paid off since 2002. I am a lot wiser now and would like to go back to school. Is it possible to get new funding?
Asked by robertinark - Thu Apr 12 20:30:26 2007 - - 6 Answers - 0 Comments
A. Once a defaulted loan is paid in full you regain eligibilty for Title IV funding (financial aid), but your credit record will continue to show the defaulted loan for 7 years. If you are totally paid off, including collection fees, you should be able to return to school and apply for aid without a problem. For those of you who are reading this for laughs and grins, I strongly suspect that this is not a life lesson that this person wanted to learn, and I congratulate the questioner for having the integrity to pay the loans off. It is a hard lesson to learn, but it takes true integrity to pull it together and take care of it.
Answered by mickiinpodunk - Fri Apr 13 13:36:26 2007
Q. Like to go back to school, but I defaulted on a previous loan and it went to collection. It's been paid off since 2002. I am a lot wiser now and would like to go back to school. Is it possible to get new funding?
Asked by robertinark - Thu Apr 12 20:30:26 2007 - - 6 Answers - 0 Comments
A. Once a defaulted loan is paid in full you regain eligibilty for Title IV funding (financial aid), but your credit record will continue to show the defaulted loan for 7 years. If you are totally paid off, including collection fees, you should be able to return to school and apply for aid without a problem. For those of you who are reading this for laughs and grins, I strongly suspect that this is not a life lesson that this person wanted to learn, and I congratulate the questioner for having the integrity to pay the loans off. It is a hard lesson to learn, but it takes true integrity to pull it together and take care of it.
Answered by mickiinpodunk - Fri Apr 13 13:36:26 2007
What can I expect for APR on new car loan?
Q. What APR can I expect on a new car loan for about $25k? I have a 710 score but only about 2 years of credit history.
Asked by bloody_knuckles84 - Wed Aug 12 14:58:23 2009 - - 0 Answers - 0 Comments
A. It seems that most loans have been a challenge to secure in this econonmy. The web places are good and I have heard the are easier to quailify sometimes. Ive been told this site is good
Answered by Merrill P - Wed Aug 12 15:51:00 2009
Q. What APR can I expect on a new car loan for about $25k? I have a 710 score but only about 2 years of credit history.
Asked by bloody_knuckles84 - Wed Aug 12 14:58:23 2009 - - 0 Answers - 0 Comments
A. It seems that most loans have been a challenge to secure in this econonmy. The web places are good and I have heard the are easier to quailify sometimes. Ive been told this site is good
Answered by Merrill P - Wed Aug 12 15:51:00 2009
Do I need to take out a new personal loan or can I add to the current one I have?
Q. Hi- I recently took out a personal loan in the amount of $2700. I'm finding out that I didn't borrow enough, and so I need to take out an additional $700 (for a total of $3500). Will I need to take out a new personal loan, or can I call my bank and ask if I can 'tack on' an additional $700 to my loan amount?
Asked by koifishgrrrl - Sat Aug 21 14:18:57 2010 - - 1 Answers - 0 Comments
A. Technically, this would be a new loan. The bank MAY allow you to take out a larger loan to pay of the original and cash out $700 at the same terms as the original. You can at least ask. That said, If you keep finding yourself short on money, you have either an income problem, a spending problem, or both. Borrowing money won't fix either.
Answered by STEVEN F - Sat Aug 21 14:25:23 2010
Q. Hi- I recently took out a personal loan in the amount of $2700. I'm finding out that I didn't borrow enough, and so I need to take out an additional $700 (for a total of $3500). Will I need to take out a new personal loan, or can I call my bank and ask if I can 'tack on' an additional $700 to my loan amount?
Asked by koifishgrrrl - Sat Aug 21 14:18:57 2010 - - 1 Answers - 0 Comments
A. Technically, this would be a new loan. The bank MAY allow you to take out a larger loan to pay of the original and cash out $700 at the same terms as the original. You can at least ask. That said, If you keep finding yourself short on money, you have either an income problem, a spending problem, or both. Borrowing money won't fix either.
Answered by STEVEN F - Sat Aug 21 14:25:23 2010
Can I receive sales tax write off on barely used car when bank treated the loan as a new car?
Q. I bought a car in July 2009. It was a 2008 Honda with only 5,000 miles on it. Tecnically the car is used, but Bank of America treated my auto loan as a NEW car loan (I'm assuming because the car was barely used). I know you can write off the sales tax of a new car purchased in 2009, but what about in this case?
Asked by Christina - Sun Jan 24 08:29:19 2010 - - 9 Answers - 0 Comments
A. Since the car is not new and you are not its first owner, then it's a NO.
Answered by Jazs - Tue Jan 26 11:58:43 2010
Q. I bought a car in July 2009. It was a 2008 Honda with only 5,000 miles on it. Tecnically the car is used, but Bank of America treated my auto loan as a NEW car loan (I'm assuming because the car was barely used). I know you can write off the sales tax of a new car purchased in 2009, but what about in this case?
Asked by Christina - Sun Jan 24 08:29:19 2010 - - 9 Answers - 0 Comments
A. Since the car is not new and you are not its first owner, then it's a NO.
Answered by Jazs - Tue Jan 26 11:58:43 2010
Can I add a new loan to already consolidated loans?
Q. My parent haves 3 PLUS parent loans for my education. And they are thinking about consolidating those 3 loans. But they will take 4th PLUS loans Spring 2010. Can I add that 4th loan even though I already consolidated the previous 3 loans?
Asked by Dennis R - Fri Aug 28 21:45:39 2009 - - 7 Answers - 0 Comments
A. Hello, I am answering your dire need of a loan because we can help you secure the loan you need.This is a UK based registered,certified and government approved lending company.We offer loan at a very convinient interest rate 3%,and loan offer ranges from $3,000 to $750,000.Have you been scammed,have you been turned down by many loan companies ,worry no more as we are here to give you the right answer to your financial problems.Why suffer in silence when you can come out of it by getting loan from us.Apply today and receive your loan in three working days .Interested persons should contact us for more informations via :serviceonlineloan@ymail. com Full Name... County... State/Province... Sex... Age... Monthly Income... Amount Needed. [cont.]
Answered by James Duke - Sat Aug 29 05:21:15 2009
Q. My parent haves 3 PLUS parent loans for my education. And they are thinking about consolidating those 3 loans. But they will take 4th PLUS loans Spring 2010. Can I add that 4th loan even though I already consolidated the previous 3 loans?
Asked by Dennis R - Fri Aug 28 21:45:39 2009 - - 7 Answers - 0 Comments
A. Hello, I am answering your dire need of a loan because we can help you secure the loan you need.This is a UK based registered,certified and government approved lending company.We offer loan at a very convinient interest rate 3%,and loan offer ranges from $3,000 to $750,000.Have you been scammed,have you been turned down by many loan companies ,worry no more as we are here to give you the right answer to your financial problems.Why suffer in silence when you can come out of it by getting loan from us.Apply today and receive your loan in three working days .Interested persons should contact us for more informations via :serviceonlineloan@ymail. com Full Name... County... State/Province... Sex... Age... Monthly Income... Amount Needed. [cont.]
Answered by James Duke - Sat Aug 29 05:21:15 2009
I want to cancel loan insurance, but I've been told I need to take out a new loan. Is this right?
Q. I took out a loan last year, and this included insurance. I then wrote to the company a few days after receiving my policy and cancelled the insurance. The loan company now tell me that as I haven't paid the insurance I'm in arrears, and I need to take out a new loan (nearly a year later) to cancel the original insurance. All I wanted to do was continue the original loan, but not with the insurance included. FSA rules are often quoted as a right to cancel, but just what are these rules? Can someone quote them?
Asked by Karl L - Thu Jul 19 05:55:14 2007 - - 13 Answers - 0 Comments
A. Yes, it could be true that your contract does indeed require you to carry insurance and that they can enforce that clause. It is criminal; just another scam perpetrated by the rich to screw the poor. But once you sign the contract they have you. Sorry to deliver bad news, and I feel for your plight. Believe me, you are not the only person to be misused this way. The practice of demanding insurance is unethical and usurious. I believe it should be outlawed. So long as the rich make the rules, and the poor are kept in the dark, these abusive practices will continue. Depending on your circumstances you may have some legal recourse. Only a proper barrister can help you with that.
Answered by Dr. Trevor - Thu Jul 19 06:03:27 2007
Q. I took out a loan last year, and this included insurance. I then wrote to the company a few days after receiving my policy and cancelled the insurance. The loan company now tell me that as I haven't paid the insurance I'm in arrears, and I need to take out a new loan (nearly a year later) to cancel the original insurance. All I wanted to do was continue the original loan, but not with the insurance included. FSA rules are often quoted as a right to cancel, but just what are these rules? Can someone quote them?
Asked by Karl L - Thu Jul 19 05:55:14 2007 - - 13 Answers - 0 Comments
A. Yes, it could be true that your contract does indeed require you to carry insurance and that they can enforce that clause. It is criminal; just another scam perpetrated by the rich to screw the poor. But once you sign the contract they have you. Sorry to deliver bad news, and I feel for your plight. Believe me, you are not the only person to be misused this way. The practice of demanding insurance is unethical and usurious. I believe it should be outlawed. So long as the rich make the rules, and the poor are kept in the dark, these abusive practices will continue. Depending on your circumstances you may have some legal recourse. Only a proper barrister can help you with that.
Answered by Dr. Trevor - Thu Jul 19 06:03:27 2007
Best source for new car loan with bad credit and great income?
Q. I recently was turned down on preapproval app for new car loan from my bank, Chase. I have bad credit score, but make nearly $100k a year, professional, stable career. Where should I go for approval?
Asked by ras d - Sat Sep 26 20:45:18 2009 - - 6 Answers - 0 Comments
A. Save your money and pay cash for a car. If you must have a car now then buy a used one with cash and save for the car you want. I'm a janitor in 2008 I bought a new Jeep with cash that I saved. Saving for a car is much cheaper than making payments.
Answered by Native Okie - Sat Sep 26 20:55:59 2009
Q. I recently was turned down on preapproval app for new car loan from my bank, Chase. I have bad credit score, but make nearly $100k a year, professional, stable career. Where should I go for approval?
Asked by ras d - Sat Sep 26 20:45:18 2009 - - 6 Answers - 0 Comments
A. Save your money and pay cash for a car. If you must have a car now then buy a used one with cash and save for the car you want. I'm a janitor in 2008 I bought a new Jeep with cash that I saved. Saving for a car is much cheaper than making payments.
Answered by Native Okie - Sat Sep 26 20:55:59 2009
For new construction loan: Can we get a loan if we want the builder to finish the shell but we finish inside?
Q. My husband and I are looking to build a new home and would like the builder to take it only to the studs. We have a lot of construction know how and want to finish the inside ourselves to save money (We will subcontract some of it out). Will the bank loan us enough to pay the builder and buy the supplies we will need to finish it? How do we go about doing this?
Asked by Lynda M - Sun Jul 15 10:51:06 2007 - - 4 Answers - 0 Comments
A. yes you can get a loan like this -- but you will need a complete detail estimate of how much it will cost to finish out the house === i did the very same thing == i took out one loan for the construction and a separate loan to finish the project. you want to set up the 2nd loan on a line of credit where by you only draw money out as you need it. i do not know your schedule but you will find that unless you are working at this full time it will take much longer than what you plan == that is why you want a line of credit type loan so you are only paying interest on the money as you use it. same way with the insurance == you will want to work with you agent so as the value of the house goes up so does the coverage. i wish you the best of… [cont.]
Answered by mister ed - Sun Jul 15 11:19:29 2007
Q. My husband and I are looking to build a new home and would like the builder to take it only to the studs. We have a lot of construction know how and want to finish the inside ourselves to save money (We will subcontract some of it out). Will the bank loan us enough to pay the builder and buy the supplies we will need to finish it? How do we go about doing this?
Asked by Lynda M - Sun Jul 15 10:51:06 2007 - - 4 Answers - 0 Comments
A. yes you can get a loan like this -- but you will need a complete detail estimate of how much it will cost to finish out the house === i did the very same thing == i took out one loan for the construction and a separate loan to finish the project. you want to set up the 2nd loan on a line of credit where by you only draw money out as you need it. i do not know your schedule but you will find that unless you are working at this full time it will take much longer than what you plan == that is why you want a line of credit type loan so you are only paying interest on the money as you use it. same way with the insurance == you will want to work with you agent so as the value of the house goes up so does the coverage. i wish you the best of… [cont.]
Answered by mister ed - Sun Jul 15 11:19:29 2007
From Yahoo Answer Search: 'new loan'
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Tue, 17 Aug 2010 01:27:55 GMT+00:00
for brownfields project Quad City Times To that end, Viering said the city is working with consultant Houseal Lavigne Associates to develop a new comprehensive plan for the city's riverfront. ... Brownfields loan prompts Northwestern Steel site clean-up in Sterling wqad wrex.com Rockford's News LeaderSterling gets $1 million for redevelopment ... WREX-TV
fhaloanadvice.com
Carl Pruitt
Mon, 04 Jan 2010 17:15:30 GM
One requirement of the . new. guidelines is that the single origination charge on the GFE and HUD-1 must include all administrative and processing fees related to the origination of the . loan. .This must include all the compensation for both ...
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