Loan

Mike D!: How can you go about getting a personal loan from a bank? What collateral do you usually need? I will probably need to replace my car soon, but I don't know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It'd be about double for me, as I don't have a spotless … [Read more...] about How can you go about getting a personal loan from a bank? What collateral do you usually need?

ronnieD: How exactly do 'interest only' mortgage loans work? When do I pay on the principle of such a loan? I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan? Answers and … [Read more...] about How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?

Aimee M: How do I go about getting a personal loan when I have no credit? I am 18, just getting prepared to go to college, and I have no credit whatsoever. I don't need student loans because my dad pays for my school. However, my boyfriend and I live together and we just bought $ 1500 worth of furniture from his brother. Now, we were supposed to … [Read more...] about How do I go about getting a personal loan when I have no credit?

Gennie Goose: How can I get approved for a home loan if I am moving to another state? Hi! My husband and I are trying to move to Arizona in the next year and buy a house. This will be my first home. We both work full time jobs in California now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 … [Read more...] about How can I get approved for a home loan if I am moving to another state?

Josephine: What are the different factors to getting a loan? Do i need parental consent to get a loan? What does my credit score limit me to? Do i have to tell them my goals for school and transcript to get it? Is the loan through the school or through the bank directly? What banks are best? Can I still get loans if my tuition is covered by the … [Read more...] about What are the different factors to getting a loan?

BDZ: How can I negotiate a loan modification with my lender what tips or tricks can I use.? I have an ARM. I cannot refinance. How can I go about negotiating a loan modification with my lender. I don't want to be just a name and account number. I can meet the existing payments and to date have not fallen behind. If they raise the interest rate any … [Read more...] about How can I negotiate a loan modification with my lender what tips or tricks can I use.?

lawrenc1: What is the best way to pay my mom on a loan? I am planning to purchase my mom's $ 1.5 mil home for $ 750k (half price) by paying off the $ 200k mortgage and then taking a loan from my mom for $ 550k ($ 1,527 a month for 30 years interest free). Will my mom have to report this money as income if I open a joint checking account with … [Read more...] about What is the best way to pay my mom on a loan?