I am trying to decide what is best to start using my extra money to pay off…a student loan at 5.4%, an auto loan at 4.99% or a heloc at 7.75% I know student loans and heloc interest is tax deductible, but assuming these deductions don’t affect a change in bracket (tax rate) what is the calculated difference in interest saved (assuming 15% bracket) on whether to pay which of these three….(I guess I’ve always been told pay non-deductible first, but with these numbers I just don’t see how that adds up…and most importantly how do I actually calculate the real interest I’m paying on tax deductible interest so I can compare it to nondeductible rates…) thanks in advance for any help!
Posts Tagged ‘85 ltv’
Calculation question, what is better to pay off overall with consideration to tax deductions…?
Sunday, November 15th, 2009Home equity loan denied. Any advise?
Thursday, July 30th, 2009To make a long story short I applied for a home equity loan and was declined by B of A. My credit scores are a 790, 812 and a 680. The 680 was so low b/c of an AT&T charge off that was never mine (the SS# was one digit off from mine). I had that removed already but after B of A declined me. I even sent a letter that the AT&T charge off was removed but it still didn’t help. I owe 93,000 on my house and it is valued at 189,000. My area didn’t get hit bad by the foreclosure issue. The lady at B of A told me that they will do 85 ltv. The only other bad thing that I had were 3 late Searscard payments mid last year. They were 15 dollar payments that I forgot to pay. I owe nothing on credit cards, 1 joint car payment for 200/month with my wife and my mortgage of 950/month. My house is only in my name (not joint with my wife’s). I make 55k/year. I thought that my situation sounded like a banks dream. Any opinions? Are loans really that tough to get with the real estate situations or does B of A suck that bad? Oh, did I mention that I have 46k in a savings account with B of A? What do you think? Am I better off going to a bank or a credit union? I don’t want to run my credit again unless I am sure that I will be approved. I value your professional opinion but please dont waste your time trying to get my business.
I cant use my wife because her name is not on the house.
I need to refinance my home..I need someone to say yes to 85% LTV?
Wednesday, July 15th, 2009I worked with many lender and yet I can’t seem to find anyone to approve my loan for 85%LTV…I understand that I may have a difficult loan due to the fact my midscore is: 542..1X60day late; a reprossesion; collections;etc….but I have the equity in my home..and I have a decent income..so what is the problem?
I have been approve for 75-80%LTV, but I desprately need 85%..I want a direct lender to help…who can say YES?
I need to refinance my home who can say Yes to 85%LTV?
Tuesday, July 14th, 2009I worked with many lender and yet I can’t seem to find anyone to approve my loan for 85%LTV…I understand that I may have a difficult loan due to the fact my midscore is: 542..1X60day late; a reprossesion; collections;etc….but I have the equity in my home..and I have a decent income..so what is the problem?
I have been approve for 75-80%LTV, but I desprately need 85%..I want a direct lender to help…who can say YES?
Is it possible to refinance my home within 3-5days with a low credit score?
Sunday, July 12th, 2009I’ve been dealing with many lenders for the past 30days who gave me empty promises. I understand that my loan is consider somewhat complicated due to the fact that my mid score is appox. 542 & that I had 1X60day late on my mortgage. But why is it so hard trying to find a lender who can do a 85% LTV? I have plenty of equity but yet, I’m having a hard time being approve..is this an impossible loan?
I need to refinance my home ….Can someone to say yes to 85%LTV?
Saturday, July 11th, 2009I worked with many lender and yet I can’t seem to find anyone to approve my loan for 85%LTV…I understand that I may have a difficult loan due to the fact my midscore is: 542..1X60day late; a reprossesion; collections;etc….but I have the equity in my home..and I have a decent income..so what is the problem?
I have been approve for 75-80%LTV, but I desprately need 85%..I want a direct lender to help…who can say YES?
Related ‘85 ltv’ sites :
| House Purchase Range 85% LTV House Purchase Range - To 85% LTV. These deals are only available on a repayment basis ... Maximum LTV of up to 80% for new-build properties (defined as any property that ... cheltglos-intermediaries.co.uk/ | |
| Loan Scenario: NJ, $254,150, 810, 85% LTV, Purchase Forums " For Mortgage Professionals " Loan Scenarios " Loan Scenario: NJ, $254,150, 810, 85% LTV, Purchase. You do not have permission to post in these forums. ... www.mortgagenewsdaily.com/ | |
| 85% LTV Financing for apartment building? - Forum Topic ... 85% LTV Financing for apartment building? - I'm interested in purchasing an apartment building for about $1.1M. I have enough cash to put 15% down. Are lenders doing ... biggerpockets.com/forums/50/ | |
| Legal & General Mortgage Club - Exclusive products Range of semi exclusive fixed and tracker rates to 85% LTV ... 1% product fee (minimum £999) - can be added as long as loan remains within maximum LTV (85 ... legalandgeneral.com/ | |
| Coventry launches fixes up to 85% LTV | News | Mortgage Strategy Coventry Building Society is launching a range of fixed rate deals available from 50% LTV up to 85% LTV. mortgagestrategy.co.uk/... | |
| Mortgage Grapevine: KY, $68,500, 695, 85% LTV, Purchase, full ... News, advice, marketing tips and a discussion forum for mortgage originators. ... Loan scenario: KY, $68,500, 695, 85% LTV, Purchase, full, NOO ... mortgagegrapevine.com/thread/ | |
| 400Bankers.com Commercial lender database commercial loans ... Commercial and Business financing program from 85% to 100% LTV for acquisition and construction projects from $500,000 to $400 Million worldwide. ... www.400bankers.com/ | |
| Mortgages up to 85% LTV up by 1/3 Money Market United Kingdom - The Consumers Voice ... But the number of deals available up to 85% LTV has grown by a third, from 224 in August to 345 at the end of 2009. ... money-marketuk.com/index.php?... | |
| StreetEasy: Talk - Can Co-op buyers get 85% LTV mortgages ... Find New York City apartments for rent and for sale at StreetEasy. ... The question I have is whether or not banks are originating 85% LTV mortgages? ... streeteasy.com/nyc/talk/ | |
| Loan Scenario: MS, $170,000, 660, 85% LTV, Cash Out Refinance Loan Scenario: MS, $170,000, 660, 85% LTV, Cash Out Refinance ... I would pull out all the equity at 85 % LTV and have enough to pay off debt and set aside a stash for now. ... www.mortgagenewsdaily.com/ | |