Posts Tagged ‘quot’

Implications of a Fund Raiser for Personal Gain?

Friday, October 23rd, 2009

My family and I have a new house on 5 beautiful acres out in the country. We just found out that the 12 acre cornfield next to us may be sold and subdivided for 4 or so houses. I don’t want anyone to build there, and would like to buy the property. The problem is that I don’t have enough money to cover the payment, and I already have a home equity loan (we were going to finish our basement….it’s not enough to buy the land).

I got to thinking, "if I could get a bunch of nice people to just donate 2 or 3 bucks to me, no strings attached, maybe I could raise enough money." I know it sounds questionable; it wouldn’t be a pyramid scheme, since I would make it clear that these are donations (to me). Furthermore, if people donated to me, but I ended up not having enough to buy the land, I’d turn over the money to a real charity.

Would this be legal? What would the tax implications be? How could I convince people I have good intentions?
My parents can’t afford to buy the land either. I plan on begging my father-in-law soon. Other than that, lottery tickets might be our only alternative….?

(more…)

How can a Limited Liability Company go public?

Friday, October 23rd, 2009

We have a LLC and want to go public via equity financing. Can a LLC go public? Sell shares? I’ve been told that an LLC "does not have shares, it has units". We need to raise capital ( Million). Can someone please clarify? Thanks!

Refinancing mortgage with Bank of America ripoff?

Wednesday, October 21st, 2009

A little background: my fiance and I bought our first home in February 2008. We qualified for a first time homebuyer loan. The interest rate is 6.3%. We do not pay PMI. We have about 11% equity. We have paid on time every month, and even paid a little extra towards principal.

A couple of weeks ago, I checked BOA’s mortgage rates and a 30 year fixed were at 5%. Refinancing into one fixed mortgage at that amount would save us a significant amount of money each month.

So I call to ask if we can refinance. They said we wouldn’t have to pay PMI, but the rate they offered me was 6.6%! I asked why I wouldn’t get 5%. They said it was because we didn’t have a whole lot of equity yet. But I feel that’s unfair because if I were a new customer just buying now, I would be getting 5%. Is this typical?

I’m pretty unhappy about this. I am contemplating applying for a mortgage at another (local) bank so we can refinance to a lower rate, but that means I’d have to go through that whole horrible loan process again! It would have been much easier with Bank of America since we already hold the mortgage with them.

Should I be more persistent with them? Or just accept my fate and let the "historically low" interest rates pass us by?
Hi, yes you’re right, we have a split loan, I forgot to spell that out. The interest on the larger chunk is low-ish but the smaller one is higher. Combined, the weighted average is 6.3%. I did suspect that they might tell us we would have to pay PMI if we got a regular 30 year fixed, but they said no, they just offered a ridiculous interest rate higher than our current. They did say, well yes, new customers will get a better rate. But how then are people refinancing at low rates? I guess they are going to another bank?

Am I overreacting about my dad's poor parenting?

Sunday, October 18th, 2009

Okay, so this is my situation. My boyfriend and I currently live with my parents in a nice home in a nice part of Long Beach. My "dad" is a very greedy person, he mainly only cares about money. Our house was payed off, but he took out 0,000 from the house and gambled it away at a casino; then less than a year later he took out more money, nobody really know what he did with that money, but we’re assuming the same thing. Now, we have 0,000 equity on the house, and he sold the house and we all now have to move to Moreno Valley where he bought a piece of **** house in full so he wouldn’t have to pay a mortgage anymore. Moreno Valley is not only very dangerous (infested with drugs and gangs), but an hour and a half away from my school and my boyfriend’s work. I’m currently 30 weeks pregnant, and about to graduate high school in August. My boyfriend and I are trying to look for a place to live (thankfully my mom is leaving me with ,000 to put down on a condo), because my boyfriend does not make much money and we will be struggling greatly. I thought that the best decision was to move to a state where the living cost is much cheaper, but they’re not going to give us a loan if my boyfriend doesn’t have a job. My parent’s are going to have about ,000 leftover from the house, and I asked my dad if I could have ,000 so that my boyfriend and I could get an apartment until he can find a job, but my dad said "i’m not giving you a f*cking penny!" Although that money is legally half my mom’s, I still had to ask my dad because my mom has no control over him and she already knew he was going to keep all the money for himself. My mom has tried to fix things, she even got ,000 from here mom in Italy so that she could send to the bank to lower the mortgage payments, and instead of sending it my dad kept it in his bank account and decided to live off of it, and it still somehow only lasted about 8 months. I feel very stressed out about this whole situation because my dad feels that he has no responsibility to pay for basically what I need to survive, although i’m 17 and still legally his responsibility. I just don’t see how my father could be so cruel to his daughter when I clearly need him to survive.
Fyi, i’m choosing college over getting a job. It’s worth struggling for a few years, rather than struggling for the rest of my life. I refuse to end up just like my father.

(more…)

Can you get a loan without using home equity?

Wednesday, October 14th, 2009

I know as a homeowner you can get a loan using your home equity, but if you do not want to do that, are there any other ways of getting a loan.

(more…)

Remodel projects…which will add the most value to our home?

Wednesday, September 30th, 2009

I know you can’t get 100+% back on remodel projects most of the time, but I want to know which of the projects I list will give our home value the biggest "boost". We have about k to put into our projects, but after that we will need to get a home equity loan, and right now we have little to no equity. Here are the choices:
1. All new energy efficient windows
2. New kitchen countertops, cabinets, sink, fixtures (our appliances are already SS)
3. Turn our screen porch into a sunroom (will add 400 sq. ft.)
4. New RV/boat carport
5. Finish partially built detached garage (its about 75% finished, just need to finish drywall, re-finish ceiling, and add garage door)

Building My Dream Home?

Friday, September 25th, 2009

I want to build my dream home. The House and Land package is 500,000. Now what?

Does a bank give me a loan on 80% of the home, so I need to come up with 100K? I do not own anything, so does that need to come in the form of Cash? what other means could I do, understanding cash is the best option.

Now, once we figure out the 20% down, what happens from there? The House is built to plan, and then the remaining 400K Becomes my mortgage, and theoretically I have 20% equity in it? Or in these economic times, does a house and land package that costs 500K, really not worth 500K, or is it worth more perhaps?

What are the different loans I will need (i.e. construction loan, mortgage, line of credit)

If i look at "For Sale" homes in the 500K range, can I expect that is what my "built" home will be, in the sense of land space, and sq ft of home? (well newer homes in the 500K range, not forclosued or fixer upper homes)

(more…)

Best way to stay afloat until I have money again?

Monday, September 21st, 2009

I’m pushing to sell or rent out my house ASAP to stop the negative cash flow, but am trying to plan for the "worst-case scenario" in the event that I can’t pull off either and need to find a way to keep paying the mortgage. My financial situation is mostly good; I have only a little cash left (enough for a couple months maybe) but ZERO debt besides the mortgage, maybe k-k of equity in the house (depending on how much you say the house is worth), and a car that’s paid off. I have a stellar credit score, but am currently unemployed and expect to be out of work for at least another few months, possibly much longer (hopefully not, but like I said, I’m trying to plan for the worst).

Due to my employment situation, I doubt I could get a bank loan and am unsure I could get a home-equity loan. My only other ideas have been borrowing from my parents or taking on credit-card debt. Any other suggestions?
The mortgage is my only real expense; would i be better off making an arrangement with my lender, or borrowing money to pay the mortgage?

Home loan question?

Monday, September 21st, 2009

My Grandmother wants to give my husband and I her home. We are more than willing to take her up on this offer but are a little confused on how to go about getting a loan to cover the repairs to the home. Would that classify as a Mortgage? Home Equity? And if so could we get the VA loan since we are eligible for that?

(more…)

Question in regard to owning land & equity – building a home?

Sunday, September 20th, 2009

Ok, I own 3 acres with a pond located on it. I am thinking of building a home there. ( I have no idea what it’s worth)

I’m assuming once the appraisal of the land is done the bank will use that equity and put it towards, let’s say "20% down" towards a construction/home loan?

Related ‘quot’ sites :


QUOT: Summary for Life Quotes, Inc.- Yahoo! Finance
View the basic QUOT stock chart on Yahoo! Finance. Change the date range, chart type and compare Life Quotes, Inc. against other companies.
finance.yahoo.com/q?s=QUOT
 
Quote.com - Your Source for Financial Markets Quotes, Charts ...
Quote.com is the premier financial portal that provides streaming quotes,charts,news and data,including stocks,commodities,futures,Forex,options,currencies,bonds ...
www.quote.com
 
Quot - Definition and More from the Free Merriam-Webster ...
Definition of quot from the Merriam-Webster Online Dictionary with audio pronunciations, thesaurus, Word of the Day, and word games.
www.merriam-webster.com/dictionary/quot
 
quot - Definition of quot at YourDictionary.com
Definition of quot from Webster's New World College Dictionary. Meaning of quot. Pronunciation of quot. Definition of the word quot. Origin of the word quot
www.yourdictionary.com/quot
 
quot quot - Online Shopping at BizRate. Compare Prices and ...
Buy quot quot at BizRate, the best price comparison search engine on the web. Shop, compare and save when you buy online.
www.bizrate.com/quot-quot
 
QUOT - Stock Quote for Life Quotes Inc - MSN Money
QUOT - Get a stock quote for Life Quotes Inc. Stock market quotes include the latest QUOT stock price and fundamental investing data, price charts ...
moneycentral.msn.com/detail/stock_quote?symbol=QUOT
 
QUOT
HTML link: <a href="http://www.acronymfinder.com/Quotation-(QUOT).html">QUOT</a> ... Retrieved July 22 2010 from http://www.acronymfinder.com/Quotation-(QUOT).html ...
www.acronymfinder.com/Quotation-(QUOT).html
 
Quot (Latin, American Movie, Shinya New, Quot Quot) @ SayOn.net
Quot. Includes Cabinet Office, Newses Japan Entertainment, Entertainment, Nitta, Difference, Dating, Inception, People, Society and Japan information ...
www.sayon.net/quot
 
Quot (Tiba Kazuo, Newses Japan, Stock Options, Latin) @ G1rlz.com
Quot. Includes Kawashima Antonesu, Coach Played, Kawashima Antonesu Coach Played, Miren, Launch, Entertainment, Madeline, Hans Christian Andersen, ...
www.g1rlz.com/quot
 
QUOT: Industry: Life Insurance for Life Quotes, Inc. - Yahoo! ...
See how Life Quotes, Inc. (QUOT) competes with other players in the same industry.
finance.yahoo.com/q/in?s=QUOT
 

Powered by Yahoo! Answers