steama1973 asked:


So I moved to California a while back and I’ve been back home for about 4 months now, while I was there I got myself into a bad car loan. (Young and stupid).. they gave me a huge interest rate, almost the highest one they have. The car is a 2000 and is only worth like 7,000 but I owe about 10,000 (again, young and stupid). I make descent money (bout 35,000/year) and I have better then average credit. I have applied for refinance through BOA, Capital One and everything else online and got declined for everything I was wondering how to get rid of this bad loan or get rid of this car and get myself a new one!!!

refinance online

S W asked:


My spouse will continue to work, but I need to know about how long before you close on a home, does the lender check your status. Basically can I quit my job the week before we close and still be okay?

home loan

Claudia asked:


I would like to understand the tax benefits of buying a house a bit better and how to do the math.

If I get a 400.000 loan over 30 years at a 5% interest rate, then my monthly payments will be somewhere between $2100 and $2300 (based on online mortgage calculators).

I understand that the interest on the loan is tax deductible part. Can anyone help me figuring out how much money that would save me per year?

mortgage online

princess_peipei asked:


interest calculated at a rate of 12% per annum on monthly rest basis commencing from the time of disbursement until settlement

If given a 34,000 loan, how would you calculate it? I dont understand what a monthly rest basis is.

settlement loan

suprwmngnbad asked:


Does anyone know where I could look for a good lender that deals with people with challenged credit? My current intrest rate is so high, I really need to refinance quick. I dont want to go to one of these places online that will run a million different inquiries. Any suggestions?

I would also consider trading the car in, but i’m not sure if that would be the best move. I have a 2007 pontiac g6 gt, 50k miles and I owe 16k. I’m super confused as to how the trade in process works and If that is something I should even be considering?

refinance online

mamma asked:


I am trying to find out more information. I believe i would qualify because online it says this particular program is for those who haven’t missed a payment and have never been late but want to take advantage of lower interest rates. I called my bank and they have no clue what they are saying. Each person i get transferred to has a different answer and it is like black and white. I was told that i need to fill out an application for the program and then they would decide what is right for me. I am scared to do that because what if i do it and they somehow change my loan terms or something without me agreeing. I don’t want to change anything unless it is better for me? one girl said that they don’t have information to start the next girl says oh ya apply today, i am so confused?
my current loan is fha! so how is that an answer?

refinance online

Suzanne A asked:


I am looking to start a small baby/mother’s boutique. The only thing keeping me from going and getting a loan is the fear that my credit score won’t be high enough… it’s sitting at 630. It was higher before I refinanced my house which unfortunately knocked my score down about 50 points because of the number of times it was checked.

What else do they look for besides a good business plan? Is a bank the best bet or some other lender? Do I even attempt to look online?

refinance online

*ELiZaH* asked:


Online you can get a lot of info. on homes.One home in particular showed it was bought for 1.00. The family has not moved.Does this have to do with the deed or refinancing?Thank you still learning Real Estate.

refinance online

jessy asked:


My son graduated from college as a electronic engineer in oct and I paid for him a month off trip ect.He is 21 and living at home and Im paying about 600.00 a month to support him and in March his student loan is about to strt .I noticed he just played video games and didnt seem to be looking for a job so I got on him and he applied for one online and went to a employment agency .I want him to put in more effort and he told me he has no motivation and his fear is he cant do the job and maybe he will be homelless and may have depression! I And it is most jobs are out a state and he wants to stay home.I dont know what to do ?I dont want him to do anything to himself I worry about that .What do I do? Thanku any help

online home loan

Mex16-43ver=) asked:


I am trying to find this problem…
Using the interest rate you found, calculate the interest you will pay (using the simple interest formula) for borrowing 80% of the purchase price of the home. You will have to use the interest rate you found. Remember the loan is for 30 years. How much interest will you pay on your mortgage?

So far i used a formula online here is the site…
http://math.about.com/od/businessmath/ss/Interest.htm
please look at it…

My dream home lets say is $450,000
i looked at the current interest rate on a 30-year mortgage it was 6.39%
So i wrote out…
$450,000 at 6.39% for 30 years
I = p r t
I = ($450,000) (06.39%) (30)

Don’t give me the answer just explain how the person on the web site i gave to you made his percentage from 9.5% to 0.095. Thank You!
I multiplied and got…
I = 86265000
Is this right what did i do wrong?
They also ask me this can you explain to me in english what they are trying to ask me? Thank you again
What if the interest was compounded annually? Use the compound interest formula to find the amount of interest that you will have to pay on the same 30 year loan.
For this one would i do what you tell me just switch the year 30 to 20?

What if you only borrowed the money for 20 years instead of 30 years? What is the difference in the interest using the simple interest formula?

online home loan