August 27th, 2009
raju79
born2win413 asked:
My friend is paying me to write her a loan proposal to the bank so that she can get the loan to open up her coffee shop. I need help on where to begin or can someone point me to a sample copy? Thanks.
Posted in Small Business
Tags: Bank Loan, Coffee Shop, Loan Proposal
August 26th, 2009
raju79
cantholdmd asked: 30 year fixed? 2/1 ARM? I need a loan with no PMI and low points and the lowest possible mortgage payment a month. What Im working with:
Credit score 600
Annual assets (Salary) 34500
Monthly Debt: 70
House loan amount: 106000
Available to put towards closing costs (Including down payment) 12000
Any ideas?
Posted in Renting & Real Estate
Tags: Assets, Credit Score, Pmi
August 26th, 2009
raju79
Tracy S asked:
I have a low credit score. Most my bad credit is old credit. I have a bunch of little loans from finance companies, but they charge really high interest rates. I would like to get a loan for about $5000 to $6000 to pay these off and have one payment that would be lower.
Posted in Credit
Tags: Bad Credit, Credit Score, People
August 26th, 2009
raju79
Kelly M asked:
I bought a 2007 Toyota Camry last August. It is still appraised at $21,900 in the blue book. However, I have not so great credit so I still owe $28k on my loan from Citi. I have been thinking about trading in my car and getting a used car that is about $13k or so. Is that stupid? Any help would be appreciated. Thanks!
Posted in Buying & Selling
Tags: 2007 Toyota Camry, Blue Book, Car Loan
August 26th, 2009
raju79
kelly m asked:
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
Posted in Renting & Real Estate
Tags: Bankruptcy, Credit Cards, Modular Home
August 26th, 2009
raju79
BDZ asked:
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 further then that will be the tipping point. Are there organizations out there to help me such as HUD, etc. Do I already have to be in default before they’ll consider a loan modification?
Posted in Renting & Real Estate
Tags: Loan Lender, Loan Modification, Refinance
August 26th, 2009
raju79
Danny asked:
I have several loans with loan companies n they are secure with household goods. Can they do this?
Posted in Credit
Tags: Household Goods, Loan Company, Loans
August 25th, 2009
raju79
loki7714 asked:
I’m getting a small auto loan (1500-2000) for a used car in a few weeks and my uncle has agreed to cosign the loan for me. What are some of the benefits of having him cosign the loan besides a better chance of actually getting the loan?
I already have 2.5k saved up.
Posted in Credit
Tags: Auto 2000, Better Chance, Cosign Loan
August 24th, 2009
raju79
Gary C asked:
I funded a private mortgage loan for two individuals. Can I report this loan to the credit bureaus so it will be included in their credit score?
Posted in Credit
Tags: Credit Bureaus, Credit Score, Private Mortgage
August 24th, 2009
raju79
JohnNSB asked:
This originally stemmed from a complaint over a loan from an ex-girlfriend. I filed the complaint, but now we are trying to solve the matter through mediation. I just am hoping that because any settlement would in effect be “repayment of the loan,” that the settlement proceeds would be tax-free.
Posted in United States
Tags: Ex Girlfriend, Settlement Proceeds, Tax Exempt
