Posts Tagged ‘interest rates’

An estimated 2 million adjustable rate mortgages are scheduled to reset by the end of 2008, going from low int

Saturday, August 21st, 2010

An estimated 2 million adjustable rate mortgages are scheduled to reset by the end of 2008, going from low introductory interest rates to higher rates that in some cases will double or even triple the monthly payment. Its called predatory lending. Thats our money that they loan out after we deposit our paychecks, Its regulated by us, but its regulated in favor of profits for the banking industry. Cant one of us go pay off some senators?

Which is better a home equity loan or line of credit?

Tuesday, July 27th, 2010

I want to buy a used lexus IS250 for 24,000. Great carfax and low mileage (29000). The interest rates on used cars are so high. I also have an option to borrow against my pension (4.9%). The only problem with that is they will only take money from my paycheck during the school year which will likely make my payments too high. Any financial advice will be appreciated. Can a line of credit be fixed? What can I expect to pay in closing for either? A pension loan is free to get.

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Bay Area, CA 2nd Mortgage Rates?

Saturday, April 17th, 2010

Does anyone have a feel for what the range of interest rates are currently for 2nd mortgages?

Anyone know of any good banks to get a home equity loan?

Wednesday, April 7th, 2010

I was thinking about Chase, anyone else have experience with a good loan provider. And do you know they interest rates?

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What happens if I cant pay judgement?

Wednesday, March 10th, 2010

Need advice from lawyer/person with experience – I live in Texas where they cannot garish wages. I am married, have 1 daughter and another on the way and make just enough to get by. My wife does not work. We have 30,000 in student loans, 10-15 thousand in credit debts, 25,000 for our 2 cars and over 80,000 on our house. We have literally 0 equity in any of these because our interest rates were so high when we got the house/cars. I am currently being sued by a plumber that we couldn’t afford to pay after he completed the job and it is the first of several probably to come as we cannot afford to pay our credit cards anymore because we don’t want to be late on mortgage and cars. When the court claims a judgment on me, what happens n

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Any loan officers out there? What to refinance?

Sunday, February 28th, 2010

I had a setback, lost my 20yr job to bankruptcy. I made a few good choices, and survived for 18mo, until I found a new ok job. meaning I now make more then my bills, instead of using part of my saving or adding debt to my credit cards to make ends meet. So now I make 30,000, and would like to take advantage of the interest rates. I have a 6.25%. and was told by at least 5 banks or loan companies I could get 4,75% I have over 20% equity, in my home. After I start the loan process, it always falls through. Either the interest rates goes up a 1-2 points, or they want me to put down an additional money. Sometimes it is for the loan process, which is above the usual 2,000-5,000 closing costs I was exspecting. Sometimes it is to increase the down payment.I have a 120,000 house even after the housing crash, and owe 92,000. I actually was going to put 10,000 down to help lower my payments even more. But that still is not enough. The loan never happens. I have a great credit score, and make more then enough to pay my bills. So why am I not getting these refinance loans?
Income to debt is very good. I have other proterty that now only pay for themselves. I uses to make a little income. But I have no other debt, or other loans out.

My house is going to be appraised this Friday, what can I do to prerare it?

Monday, February 15th, 2010

I asked for a home equity loan and they told me that my house needs to be appraised at 120,000 how can I prepare it for me to have a better chance?

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Is it better to pay off credit card debt or a 2nd mortgage first?

Friday, February 12th, 2010

For example sake, say a person has ,000 to either:

1) pay off a ,000 balance on a 6% credit card

or

2) pay ,000 down on a 7% variable rate 2nd mortgage with a ,000 balance.

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Help me Understand pleaseee<3 10points?

Thursday, January 14th, 2010

Which word describes what you exchange for money when you negotiate a secured debt with a lender?

collateral
credit report
principal
interest

Which word describes the decrease in value of an asset over time?

financing
equity
leasing
depreciation

.What will a bank do if you default on a car loan?

foreclose on the car
refinance the car
repossess the car
depreciate the car

Why do lenders often charge more interest for a car loan than a home loan?

because you could crash the car
the car could be stolen during the loan
cars can be moved to from one location to another
all of the above

What can a bank do if your credit score goes down significantly and you miss a car or home loan payment?

foreclose on your home
require the car loan to be paid-in-full
increase interest rates
all of the above

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Should I try to hold on to my home or let it go into forclosure?

Saturday, November 14th, 2009

We owe 5,000 on our house and it’s now worth about 0,000. We have an ARM that is going to reset in Jan 09. We definitely can’t afford the ,000 jump in payment. Called the mortgage company (Ocwen) and they said we do not qualify for the government’s freeze on interest rates program because our ARM was for 3 years instead of 2, but they said call back closer to the time the loan is set to reset and they’ll work with me. Somehow I doubt it and I don’t want to pay my ,100 property tax bill on the house if I’m just going to lose it in the end. Plus, I’m thinking about all the money we could save every month if we let it go and just rented a house. We’d save about ,000 a month on rent and ,000 a year on property taxes. Why hold on to a house that costs too much and has no equity? Not to mention it’s an interest only loan, so paying it off will NEVER happen. Please give me your advise. Is foreclosure really so bad? My credit score is already low (610)

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Related ‘interest rates’ sites :


Interest rate - Wikipedia, the free encyclopedia
Interest rates are normally expressed as a percentage rate over the period of one year[citation needed] ... The interest rates on prime credits in the late 1970s and early 1980s ...
en.wikipedia.org/wiki/Interest_rate
 
Interest.com - Mortgage Rates
All the information and advice you'll need to find the best mortgage with the lowest interest rate even if you're a first-time buyer or have credit problems.
www.interest.com
 
Bankrate.com
Provides rates for mortgages, consumer loans, savings accounts, and credit cards. ... Compare Rates. Interest Rate Roundup. See rates from our survey of CDs, mortgages, home ...
www.bankrate.com
 
Interest Rates: Information from Answers.com
Interest Rates Lenders of money profit from such transactions by arranging for the borrower to pay back an additional amount of money over and above
www.answers.com/topic/interest-rates-s
 
Interest Rates: The Concise Encyclopedia of Economics ...
Interest Rates. The rate of interest measures the percentage reward a lender receives for deferring the consumption of resources until a future date. ...
www.econlib.org/library/Enc/InterestRates.html
 
interest rate Definition
An interest rate is often expressed as an annual percentage of the principal. ... Interest rates often change as a result of inflation and Federal Reserve policies. ...
www.investorwords.com/2539/interest_rate.html
 
Concept:Interest Rates
Households drove the strongest quarterly economic growth in three years, but interest rates will remain on hold until late in the year, economists say ...
www.wikinvest.com/concept/Interest_Rates
 
Mortgage rates-Compare today's mortgage loan rates and ...
Find the best interest rates and lowest fees for all types of mortgages, fixed-rate and adjustable-rate loans.
www.interest.com/content/compare
 
ANZ Interest Rates
Interest Rates on ANZ Personal products current as at Friday, 27 August 2010. Current Business interest rates and Corporate interest rates are also available. ...
www.anz.com/aus/RateFee/InterestRates/Rates.asp
 
Current Mortgage Rates - Average Daily Mortgage Rates
Current Mortgage Rate Averages and Daily Market Snapshot to keep you Updated on the Mortgage Rate Market
www.mortgage101.com/articles/dailyratesurvey.asp
 

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