Posts Tagged ‘auto loan’
Thursday, February 25th, 2010
Here is what I’m interested in doing … have an eye on a great condo, list prices were around 0k a few years ago, but they are just building and did it right during a down turn in real estate in the area. As a result they dropped the asking price to about 5k. We got a good walk thru with a realitor and she said cash is king here and if they have a cash buyer she knows they’ll likely settle in around 0k just to move the first few units (they build them by the entrance and that was a bad choice!)
So … my credit isn’t going to help with a conventional loan since it can’t be an FHA loan since the project is only about 15% complete and apparently they must do conventional loans for until the project is further along (that’s what the told us, so it was limited to 1 bank) …
Now to the point, I have a relative who may have around that amount in liquid finances. Can they "lend" me the money to purchase the condo and in turn I would then take out an equity loan to repay them? It should appraise at well over 0k and all I would need to to is pay them back to be free and clear. I’m guessing we could even wait a little while to pay them back (build credit up higher?) but I’d like to do that sooner than later.
What are my limitations? Is credit going to bite me on an equity loan if I own outright? Any resources, tips, info would be appreciated!
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Tags: amp, arizona foreclosure, asking price, auto loan, bankruptcy, bioshock, cash buyer, cash is king, condo sales, conventional loan, conventional loans, equity loan, fha loan, foreclosure homes, foreign exchange market, gm, mario, money, newegg, real estate, realitor, s market, south beach
Posted in what is home equity loan | 1 Comment »
Friday, October 30th, 2009
Does it get added on top of my home mortgage interest?
I am preparing taxes with Tax Cut and I cant figure out where to put
900 dollars from an auto loan interest (auto was paid for by a home equity loan on residence)
THANKS
My book says:
Nondeductible consumer interest includes interest on any loan, the proceeds of which are used for personal purposes, such as bank charge interest, finance charges, and automobile loan interest, WITH THE EXCEPTION of the interest on "qualified home equity debt" used for these purposes.
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Tags: auto loan, automobile loan, balance transfer credit card, balance transfer credit cards, card debt consolidation, charge interest, columbia news, consumer interest, credit card debt, credit card debt consolidation, debt consolidation help, finance charges, financial coach, google, Home Equity Loan, home mortgage interest, interest auto, latest auto, loan interest, mobile subscribers, money from internet, overdraft protection, personal purposes, preparing taxes, proceeds, success ideas, tax cut, website profit
Posted in best home equity loans | 1 Comment »
Sunday, October 25th, 2009
I want to buy a car and need a 36-month loan. I have the choice of K loan from e-loan at 8.25% or drawing from a home equity line of credit at 10.2%. I want to know which is the better option in terms of overall cost to me over the 36-month period.
I want to buy a car and need a 36-month loan. I have the choice of K loan from e-loan at 8.25% or drawing from a home equity line of credit at 10.2%. There are no closing costs on either. I want to know which is the better option in terms of overall cost to me over the 36-month period. Bear in mind that I can deduct the interest on the HELOC but not on the auto loan.
Tags: auto loan, bear in mind, closing costs, e loan, equity line of credit, heloc, home equity line, home equity line of credit
Posted in Home Equity Loan | No Comments »
Saturday, October 17th, 2009
I need a loan, I pretty much need a new car, the one i currently have is going under, I have a job but cant prove income, have a forclosed house on my credit thanks mom and dad, so everything is already looking bad for me….the only thing I got going for me is I Own my house clean and clear no mortgage or anything…….does anyone think I can get a auto loan or a home equity loan for purchase towards a new car with my current situation?
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Tags: auto loan, car finance, check auto, current situation, equity line of credit, home equity line, home equity line of credit, Home Equity Loan, home equity loans, illinois mortgage rates, job, low interest rates, meter news, mom and dad, mortgage, mortgage finance, mortgage lender implode o meter, nasa contractor, new car, no credit check auto loans, pick ups, temasek, thanks mom, toll brothers, toy industry
Posted in no equity home loan | No Comments »
Tuesday, September 15th, 2009
I have an income of 97 a month and pay 5 for a home equity loan. (That’s it, no mortgage, no auto loan and no credit cards.) What is my debt to income ratio?
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Tags: auto loan, auto loan interest rates, bad credit auto loan, card debt consolidation, credit card debt, credit card debt consolidation, credit cards, credit cards credit, debt consolidation loans, debt to income ratio, fha mortgage loans, ghost fleet, home equity credit, Home Equity Loan, home equity loans, home mortgage refinancing, loan interest rates, loan pr, megatrends, mortgage, mortgage guide, reverse mortgages, using credit cards
Posted in no equity home loan | 1 Comment »
Sunday, September 13th, 2009
We’re moving and considering our options on what to do. We have a total of about 30K in debts from a student loan, a home equity loan, and an auto loan. We also have a home where we still owe the same amount as when we first purchased it, but the value of the house has increased by at least 50%. We both have good jobs and are able to pay down the debt that we owe at a rate of about 5-7K/yr. We are considering two options for our future finances. Which one is better?
A) If we sell the house, we could sell it for enough of a profit where we could pay off our 30K in debts, and still have enough money to put down 10% on a new house. The money that we are using to pay off debt would now become additional income for us. So we could be entirely debt free.
B) Keeping the house and opening it up for a rental property. We would have to continue to pay off our debt, but at a faster rate b/c we have a new source of income. This ~0/mo could be long term after our debt is gone.
A or B?
Staying in the house is not an option for us. We are being relocated because of work.
Tags: 30k, additional income, auto loan, debts, enough money, Home Equity Loan, jobs, rental property, student loan
Posted in home equity finance | 1 Comment »
Saturday, September 12th, 2009
I currently have about 00 negative equity on my auto loan. I don’t know what to do because I need to sell my car but I cannot get what I owe. I can’t come up with the 00 difference. The reason I want to sell it is because my payments are way to high..about 0/mo and I can’t afford it. My credit isn’t that great either. I have been to many dealerships and they will not finance an older car and lower my payment. I can get a newer car but have the same payment, wich doesn’t help me because that’s the entire reason I need to get rid of this car. Very Frustrating! I don’t know what to do….ANY SUGGESTIONS WILL HELP.
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Tags: auto loan, auto loans, bankruptcy, capital one, cramdown, credit rating, credit score, fishers indiana, fishers real estate, home loan, loan agreement, mortgage problems, negative equity
Posted in equity financing | 1 Comment »
Monday, September 7th, 2009
We don’t have much of a deposit, however we have paid off our car loan completely. Can the lenders consider this as part of a deposit?
in australia
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Tags: australia, australia books, auto loan, car buyers, car finance, car loan, car loans, cheap auto loans, credit lenders, credit score, defamer, easy loans, ebooks, english news, fha lenders, finance finance, first auto, g20 finance ministers, government travel, lenders, tenders, time car
Posted in no equity home loan | 1 Comment »
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