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
Posts Tagged ‘student loans’
do home appraisers usually take pictures of the interior?
Sunday, January 17th, 2010i’m having my condo appraised for a home equity loan and there is a realtor (not affiliated with the bank) that said she will be taking pictures of the inside of my condo. it seems a strange that she can’t just estimate the value of the home by looking at it… and i’m a little suspect about her taking pictures of my stuff.(i don’t want her to have pictures of what is in my home) is it absolutely necessary for a home appraisal??
can you get a loan to pay off home equity loan?
Monday, December 14th, 2009my home equity loan interest is too high and is to be paid for 10 more years, the amount still owed is 000 is there any way I can get any other loans?
what is a home equity loan or line excatly?
Wednesday, December 9th, 2009we have lived in our house for 5 years and have been fixing it up the whole time were looking at putting an addition on but need about 15,000 to do that what would be best a home equity loan, refinance our morgage (currently at 5.25 interest rate) and if we do go with the home equity loan how do we pay that off? does it go through our morgage or a seperate bill is it wise to use the money to also pay off our 2 cars plus the addition? ive also been hearing of an equity line i know nothing about this sort of stuff and dont want to make a decision that we will regret all help is appreciated
What exactly is a home equity loan and can I still get one with bad credit?
Tuesday, November 24th, 2009I do own my own home but am still paying off my mortgage. My son needs more money for college and we’ve tapped out on student loans and my credit cards are all maxed. I was wondering what I could do and thought that a home equity loan with bad credit might be an option. I don’t know if it’s a good idea though.
Calculation question, what is better to pay off overall with consideration to tax deductions…?
Sunday, November 15th, 2009I 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!
I want to borrow $50,000 dollars and I have very good credit. I own a house with 200,000 in equity.?
Friday, November 6th, 2009I owe nothing on the house,but I want to buy a another car instead and do some things around the house too. Can I use the money on a home equity loan for anything I want without restrictions? Thanks
bought first home, now looking at paying off debt vs saving?
Saturday, October 31st, 2009I recently purchased my first home and will receive the 8k 1st time homeowner credit. My mortgage aside, I am looking to payoff some debt and would like some opinions. After my mortgage and personal expenses, I will have about 2k per month and a minimal amount of savings (2k), put most into home down payment. Here are my loans
4000 car loan @ 9.5%
3000 personal loan @ 6% (borrowed from 401k for downpayment)
2000 private student loan @ 5%
5000 private student loan @ 4.25%
25000 federal student loan @ 7%
zero credit card debt
I’m pretty sure about paying off the 4k car loan, but am hesitant about the 3k 401k loan until I have a bit more saving built up. I figured that I would chip away at the student loans down the road as the interest is a tax deduction. Is it better to pay off some of these debts or save? Plus I want to be prepared for anything that might come up with the house.
Related ‘student loans’ sites :
| The Student Loan Corporation Student Loan Corporation provides aid to college and graduate students through Citibank. Products include scholarships, federal student grants, and Stafford loans. www.studentloan.com | |
| Sallie Mae Provider of federal and private student loans for undergraduate and graduate programs. Sallie Mae offers comprehensive information and resources to assist students, ... www.salliemae.com | |
| Chase Student Loans Includes education loan information, application materials, repayment tips, and more. www.chasestudentloans.com | |
| New Mexico Student Loan Guarantee Corporation 1% default fee will be paid by New Mexico Student Loan Guarantee Corporation. ... New Mexico Student Loans reserves the right to modify or discontinue programs ... www.nmslgc.org | |
| StudentLoans.com Evaluate and apply for all types of private student loans for undergraduates, graduates, and high school students. www.studentloans.com | |
| Student loans in the United States - Wikipedia, the free ... Federal student loans made to students directly: No payments while ... If a student drops below half time status, the account will go into its 6 month grace period. ... en.wikipedia.org/wiki/ | |
| South Carolina Student Loan - Making Higher Education Possible Making Higher Education Possible with affordable loans to compliment SC Tuition Grants, SC Lottery Tuition Assistance, SC Palmetto Fellows, SC LIFE, and SC HOPE ... www.scstudentloan.org | |
| Free Application for Federal Student Aid (FAFSA) Official site for the Department of Education Free Application for Federal Student Aid (FAFSA). Includes an online submission form with necessary documents, ... www.fafsa.ed.gov | |
| eStudentLoan.com eStudentLoan.com - home of the Student LoanFinder - learn about financial aid, search for the lowest student loan rates, compare lenders, shop for loans, and apply on-line www.estudentloan.com | |
| Discover Student Loans Apply online for college loans, research and apply online for Federal Stafford loans, Federal PLUS loans, and certified private loans. discoverstudentloans.com | |