Can I take out a home loan for land and a manufactured loan?
Q. By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land? Wow, there is quite the array of scams out there! Why would anyone take out a loan from the internet without talking to someone face to face?
Asked by Jak K - Tue May 8 16:09:07 2007 - - 0 Answers - 4 Comments
A. To have a mortgage loan you must have land involved, so no trailer park rentals. Lender's are not fond of mobile homes because they lose value - unlike a stick-built home which will appreciate in value. You are unlikely to find 100% financing for a mobile home. 90% or less is the norm and that is with good credit. Your interest rate will be higher as well. If you are buying this as an investment (in your own future-not as an investment property) you should look into a modular home. Anything but a mobile. You won't get out what you put into a mobile. That said, there are some very nice mobile homes out there.
Answered by thinking-guru - Tue May 8 16:37:29 2007
Q. By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land? Wow, there is quite the array of scams out there! Why would anyone take out a loan from the internet without talking to someone face to face?
Asked by Jak K - Tue May 8 16:09:07 2007 - - 0 Answers - 4 Comments
A. To have a mortgage loan you must have land involved, so no trailer park rentals. Lender's are not fond of mobile homes because they lose value - unlike a stick-built home which will appreciate in value. You are unlikely to find 100% financing for a mobile home. 90% or less is the norm and that is with good credit. Your interest rate will be higher as well. If you are buying this as an investment (in your own future-not as an investment property) you should look into a modular home. Anything but a mobile. You won't get out what you put into a mobile. That said, there are some very nice mobile homes out there.
Answered by thinking-guru - Tue May 8 16:37:29 2007
If I consolidate my student loan with a personal loan can I still write off the interest?
Q. I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
Asked by MLE - Wed May 14 21:25:51 2008 - - 1 Answers - 1 Comments
A. Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you'll be left with a non-deductible personal loan.
Answered by Bostonian In MO - Wed May 14 21:30:09 2008
Q. I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
Asked by MLE - Wed May 14 21:25:51 2008 - - 1 Answers - 1 Comments
A. Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you'll be left with a non-deductible personal loan.
Answered by Bostonian In MO - Wed May 14 21:30:09 2008
How exactly do 'interest only' mortgage loans work? When do I pay on the principle of such a loan?
Q. 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?
Asked by ronidl76 - Thu May 17 17:02:37 2007 - - 5 Answers - 3 Comments
A. In an interest-only loan or mortgage the borrower only pays interest each month. This makes it cheaper than a conventional mortgage, in which part of each month's payment goes towards the principal and part goes towards interest. These loans have become popular because the monthly payments are lower, allowing borrowers to afford a larger home. However, these loans can be dangerous, especially in a down housing market. The interest rates are generally fixed for the first 1, 3 or 5 years. After that, they convert to a conventional loan, with a higher monthly payment. Most borrowers take on these loans because they assume they will sell the home before the interest rate increases. In a down market, they may not be able to sell. If they… [cont.]
Answered by Kim F - Thu May 17 17:11:35 2007
Q. 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?
Asked by ronidl76 - Thu May 17 17:02:37 2007 - - 5 Answers - 3 Comments
A. In an interest-only loan or mortgage the borrower only pays interest each month. This makes it cheaper than a conventional mortgage, in which part of each month's payment goes towards the principal and part goes towards interest. These loans have become popular because the monthly payments are lower, allowing borrowers to afford a larger home. However, these loans can be dangerous, especially in a down housing market. The interest rates are generally fixed for the first 1, 3 or 5 years. After that, they convert to a conventional loan, with a higher monthly payment. Most borrowers take on these loans because they assume they will sell the home before the interest rate increases. In a down market, they may not be able to sell. If they… [cont.]
Answered by Kim F - Thu May 17 17:11:35 2007
What student loan company has the lowest interest rate?
Q. I currently have a nelly mae loan(sallie mae) and they are way too high. Whats a good loan company for me to look at for next school year? please only answer if you actually have taken out a loan with the places you recommend.
Asked by Shon - Wed Feb 13 21:49:15 2008 - - 1 Answers - 1 Comments
A. Federal loans are regulated by the government so all the rates are the same no matter what bank you take the loan from. Perkins loans are 5%. Stafford Loans are 6.8% and some of them the government pays the interest while you are in school. I'd stay away from any Private student loans, they are EVIL! Good luck
Answered by Found-1 - Wed Feb 13 22:18:10 2008
Q. I currently have a nelly mae loan(sallie mae) and they are way too high. Whats a good loan company for me to look at for next school year? please only answer if you actually have taken out a loan with the places you recommend.
Asked by Shon - Wed Feb 13 21:49:15 2008 - - 1 Answers - 1 Comments
A. Federal loans are regulated by the government so all the rates are the same no matter what bank you take the loan from. Perkins loans are 5%. Stafford Loans are 6.8% and some of them the government pays the interest while you are in school. I'd stay away from any Private student loans, they are EVIL! Good luck
Answered by Found-1 - Wed Feb 13 22:18:10 2008
How long is the loan process when buying a house?
Q. I found a house, got a loan approved, made an offer, got the inspection done and the loan company had the apprisal done. Now however my mortgage loan officer said my info was with the underwriters and would let me know of the final approval. Could my loan still be denied?
Asked by shell_1004 - Fri Jan 25 15:02:50 2008 - - 6 Answers - 1 Comments
A. Usually it is around a month maybe a little less depending on how busy the market is. Essentially the only thing that could keep you from getting the loan is having the house appraise for less than the selling price. Otherwise you already got approved for the loan in the amount you made the offer for, so that should be an issue. Unless you ran up some debt that through your debt to income ratio out of whack. You should be O.K. Usually it takes a few weeks to get the loan written up and things finalized. Plus when did you specify to close, if you chose to close at the begining of February then that is probably why they aren't done yet. I just locked in my refinance, (which will take less time) I think we'll get that closed in 3 weeks. 15yr… [cont.]
Answered by Ryan M - Fri Jan 25 15:20:41 2008
Q. I found a house, got a loan approved, made an offer, got the inspection done and the loan company had the apprisal done. Now however my mortgage loan officer said my info was with the underwriters and would let me know of the final approval. Could my loan still be denied?
Asked by shell_1004 - Fri Jan 25 15:02:50 2008 - - 6 Answers - 1 Comments
A. Usually it is around a month maybe a little less depending on how busy the market is. Essentially the only thing that could keep you from getting the loan is having the house appraise for less than the selling price. Otherwise you already got approved for the loan in the amount you made the offer for, so that should be an issue. Unless you ran up some debt that through your debt to income ratio out of whack. You should be O.K. Usually it takes a few weeks to get the loan written up and things finalized. Plus when did you specify to close, if you chose to close at the begining of February then that is probably why they aren't done yet. I just locked in my refinance, (which will take less time) I think we'll get that closed in 3 weeks. 15yr… [cont.]
Answered by Ryan M - Fri Jan 25 15:20:41 2008
What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?
Q. I am looking for some personal experience from the first time buyer. Where is the best place to get mortgages loan? Is there a federal mortgage loan? I am looking to buy in the next few months and I need some one to guide me on loan and everything about home buying for the first time.
Asked by shitty - Sat Aug 22 10:51:59 2009 - - 2 Answers - 1 Comments
A. There are no "first time home buyer" loans as such. There are loans available from FHA, VA and the USDA which don't require as a big of a downpayment as a conventional loan. For example, the FHA only requires 3.5% down as compared to a conventional which wants 10%. If you're looking in a few months for a house, start saving for a downpayment NOW. The more you can put down, the lower your mortgage payments will be. If you can put 20% down, you don't pay private mortgage insurance (PMI). Also, pull your credit reports from the 3 credit rating agencies. If there are any errors, get them cleaned up. When you're ready, get pre-approved for a mortgage. This will require the lender pulling your credit report, checking your last two years tax… [cont.]
Answered by BigD - Sat Aug 22 14:06:44 2009
Q. I am looking for some personal experience from the first time buyer. Where is the best place to get mortgages loan? Is there a federal mortgage loan? I am looking to buy in the next few months and I need some one to guide me on loan and everything about home buying for the first time.
Asked by shitty - Sat Aug 22 10:51:59 2009 - - 2 Answers - 1 Comments
A. There are no "first time home buyer" loans as such. There are loans available from FHA, VA and the USDA which don't require as a big of a downpayment as a conventional loan. For example, the FHA only requires 3.5% down as compared to a conventional which wants 10%. If you're looking in a few months for a house, start saving for a downpayment NOW. The more you can put down, the lower your mortgage payments will be. If you can put 20% down, you don't pay private mortgage insurance (PMI). Also, pull your credit reports from the 3 credit rating agencies. If there are any errors, get them cleaned up. When you're ready, get pre-approved for a mortgage. This will require the lender pulling your credit report, checking your last two years tax… [cont.]
Answered by BigD - Sat Aug 22 14:06:44 2009
What is a good loan consolidation program for Federal and Private student loans?
Q. I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don't bother answering the question as I will mark it as Spam. Thanks.
Asked by Gregory - Tue Nov 24 17:11:23 2009 - - 2 Answers - 0 Comments
A. I used direct loan consolidation. It took about 2 months.
Answered by stressedandconfused - Tue Nov 24 17:41:12 2009
Q. I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don't bother answering the question as I will mark it as Spam. Thanks.
Asked by Gregory - Tue Nov 24 17:11:23 2009 - - 2 Answers - 0 Comments
A. I used direct loan consolidation. It took about 2 months.
Answered by stressedandconfused - Tue Nov 24 17:41:12 2009
What is an interest only loan and what are the benefits and drawbacks?
Q. I was recently pre-qualified for a loan and the loan officer didn't mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I'm just wondering what are some other loan programs and where could I find out about them.
Asked by homeless - Thu May 25 05:34:10 2006 - - 3 Answers - 1 Comments
A. an interest only loan means you only pay the interest accruing. the advantage is having lower payments, because you are not actually paying off what you owe. you could do that for a year or two to clear your other commitments, or to wait for a child to enter school so both parents can work. In Australia, you must finalise a home loan within 30 years of taking it...so paying interest only is actually increasing the rate that you must later pay. If you are certain your home will increase in value, you could presumably pay interest only for an extended period then sell at a profit, clear your debt, and walk away with the remaining cash. However, banks are reluctant to grant such conditions due to the uncertainty of selling at a profit.
Answered by leadbelly - Thu May 25 07:59:31 2006
Q. I was recently pre-qualified for a loan and the loan officer didn't mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I'm just wondering what are some other loan programs and where could I find out about them.
Asked by homeless - Thu May 25 05:34:10 2006 - - 3 Answers - 1 Comments
A. an interest only loan means you only pay the interest accruing. the advantage is having lower payments, because you are not actually paying off what you owe. you could do that for a year or two to clear your other commitments, or to wait for a child to enter school so both parents can work. In Australia, you must finalise a home loan within 30 years of taking it...so paying interest only is actually increasing the rate that you must later pay. If you are certain your home will increase in value, you could presumably pay interest only for an extended period then sell at a profit, clear your debt, and walk away with the remaining cash. However, banks are reluctant to grant such conditions due to the uncertainty of selling at a profit.
Answered by leadbelly - Thu May 25 07:59:31 2006
Recently applied for a loan and got a conditional approval, What does that mean ?
Q. I applied for a student loan through a private bank and recieved a conditional loan. Does that mean agreeing to things such as the intrest, repayment, or upon graduation and things of that nature. I am happy b/c I had been turned down for other loans or was required to have a cosignor. What does this mean?
Asked by lela1026 - Wed Nov 21 02:29:00 2007 - - 2 Answers - 1 Comments
A. Before signing the agreement you must read it thoroughly Then decide whether you can adhere to the instructions given therein. If it is OK. you can go ahead to get a loan. What they require is prompt repayment of loan either in a lump sum with interest or by monthly instalments They need not bother about your success or otherwise in your exam.
Answered by nayaham19 - Wed Nov 21 02:41:34 2007
Q. I applied for a student loan through a private bank and recieved a conditional loan. Does that mean agreeing to things such as the intrest, repayment, or upon graduation and things of that nature. I am happy b/c I had been turned down for other loans or was required to have a cosignor. What does this mean?
Asked by lela1026 - Wed Nov 21 02:29:00 2007 - - 2 Answers - 1 Comments
A. Before signing the agreement you must read it thoroughly Then decide whether you can adhere to the instructions given therein. If it is OK. you can go ahead to get a loan. What they require is prompt repayment of loan either in a lump sum with interest or by monthly instalments They need not bother about your success or otherwise in your exam.
Answered by nayaham19 - Wed Nov 21 02:41:34 2007
What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?
Q. There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?
Asked by JH - Fri May 8 11:19:34 2009 - - -6 Answers - 1 Comments
A. They will look at all 3 and use the middle score.
Answered by SPIFIMAN1 - Fri May 8 11:29:20 2009
Q. There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?
Asked by JH - Fri May 8 11:19:34 2009 - - -6 Answers - 1 Comments
A. They will look at all 3 and use the middle score.
Answered by SPIFIMAN1 - Fri May 8 11:29:20 2009
What exactly is an installment loan and how do you get one?
Q. I'm 18 and trying to build credit, and I'm looking to get an installment loan. Would it be a type of loan where I would take out, say, $1000 and put up $1000 of my own as collateral? I know that I pay it off over a set amount of time at a set interest rate. I'm just wondering if it's the kind of loan where I would put something up as collateral or how does it work? I already have a credit card.
Asked by Matt - Mon Feb 2 14:59:04 2009 - - 3 Answers - 1 Comments
A. Yes. An installment loan is a fixed amount borrowed with a fixed payment over a fixed period of time. You don't necessarily have to put up your own money as collateral, but it will make it easier to get the loan if your score is marginal.
Answered by its_me_anji - Mon Feb 2 15:06:47 2009
Q. I'm 18 and trying to build credit, and I'm looking to get an installment loan. Would it be a type of loan where I would take out, say, $1000 and put up $1000 of my own as collateral? I know that I pay it off over a set amount of time at a set interest rate. I'm just wondering if it's the kind of loan where I would put something up as collateral or how does it work? I already have a credit card.
Asked by Matt - Mon Feb 2 14:59:04 2009 - - 3 Answers - 1 Comments
A. Yes. An installment loan is a fixed amount borrowed with a fixed payment over a fixed period of time. You don't necessarily have to put up your own money as collateral, but it will make it easier to get the loan if your score is marginal.
Answered by its_me_anji - Mon Feb 2 15:06:47 2009
How does having a cosigner for a loan affect my credit score?
Q. In doing a consolidation loan it comes to my attention that I may need a cosigner. Will this affect my credit score in any way in regards to the loan, assuming all payments are made as scheduled and the loan is paid off early? For example, would my credit score be better off if I were able to secure the loan without a cosigner?
Asked by the_prairie_prophet - Tue Jul 7 16:38:51 2009 - - 2 Answers - 1 Comments
A. Having a co-signer should have no effect on your score. To get the loan now, they will use your co-signer's credit score to help you get approved. In terms of your score, as long as the loan is paid, your score will improve the same amount no matter if you have a co-signer or not, I believe.
Answered by PoliPino - Tue Jul 7 16:45:26 2009
Q. In doing a consolidation loan it comes to my attention that I may need a cosigner. Will this affect my credit score in any way in regards to the loan, assuming all payments are made as scheduled and the loan is paid off early? For example, would my credit score be better off if I were able to secure the loan without a cosigner?
Asked by the_prairie_prophet - Tue Jul 7 16:38:51 2009 - - 2 Answers - 1 Comments
A. Having a co-signer should have no effect on your score. To get the loan now, they will use your co-signer's credit score to help you get approved. In terms of your score, as long as the loan is paid, your score will improve the same amount no matter if you have a co-signer or not, I believe.
Answered by PoliPino - Tue Jul 7 16:45:26 2009
What is the difference between a Stafford student loan and a Perkins student loan?
Q. Last quarter all my loan money was from the Stafford (subsidized) loan program, but this quarter half is coming from a Perkins loan. Are Perkins loans subsidized as well (ie, does not accrue interest while you're in school)? Are the interest rates different? I can find separate information on both but nothing that compares the two. Thanks!
Asked by Oh these stars - Wed Dec 23 14:21:01 2009 - - 3 Answers - 1 Comments
A. colleges.mywebcommunity.o rg - it provides some tips about applying to US federal and state grants for college students.
Answered by Tony - Fri Dec 25 16:17:31 2009
Q. Last quarter all my loan money was from the Stafford (subsidized) loan program, but this quarter half is coming from a Perkins loan. Are Perkins loans subsidized as well (ie, does not accrue interest while you're in school)? Are the interest rates different? I can find separate information on both but nothing that compares the two. Thanks!
Asked by Oh these stars - Wed Dec 23 14:21:01 2009 - - 3 Answers - 1 Comments
A. colleges.mywebcommunity.o rg - it provides some tips about applying to US federal and state grants for college students.
Answered by Tony - Fri Dec 25 16:17:31 2009
How do I write a loan proposal for the bank to obtain a loan to open up a coffee shop?
Q. 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.
Asked by born2win413 - Tue Nov 4 02:36:34 2008 - - 0 Answers - 1 Comments
A. First, do yourself a favor and delete all the online loan SPAM you're going to get as answers. Second, tell your friend to head on down to the local Small Business Administration office. While it's nice that she's willing to pay you for this work, advisors at the SBA offer this kind of advice free. They have a lot of resources for securing business development funding, as well as offering help getting loans.
Answered by Brother Otter - Tue Nov 4 15:03:37 2008
Q. 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.
Asked by born2win413 - Tue Nov 4 02:36:34 2008 - - 0 Answers - 1 Comments
A. First, do yourself a favor and delete all the online loan SPAM you're going to get as answers. Second, tell your friend to head on down to the local Small Business Administration office. While it's nice that she's willing to pay you for this work, advisors at the SBA offer this kind of advice free. They have a lot of resources for securing business development funding, as well as offering help getting loans.
Answered by Brother Otter - Tue Nov 4 15:03:37 2008
How does a grad school loan work with company-reimbursed tuition?
Q. My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?
Asked by NUnum1 - Mon Jul 7 20:58:00 2008 - - 1 Answers - 1 Comments
A. Think of the tuition reimbursement entirely separate from any loans you get. The school does not care if you apply for fin aid or not. However, unless you have the cash to pay your tuition without the loan, you may have to take out a loan to pay your tuition. Most schools require you to pay your tuition up front.. but some do have payment plans on sort of a "pay as you go" through the semester to be paid off by the time the class is finished. To apply for a grad school loan (Stafford at fixed 6.8% interest) go to Your employer should pay you after your grades come in... its up to you what you do with the money. Best to pay off the loans, but not mandatory.
Answered by Found-1 - Tue Jul 8 01:41:59 2008
Q. My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?
Asked by NUnum1 - Mon Jul 7 20:58:00 2008 - - 1 Answers - 1 Comments
A. Think of the tuition reimbursement entirely separate from any loans you get. The school does not care if you apply for fin aid or not. However, unless you have the cash to pay your tuition without the loan, you may have to take out a loan to pay your tuition. Most schools require you to pay your tuition up front.. but some do have payment plans on sort of a "pay as you go" through the semester to be paid off by the time the class is finished. To apply for a grad school loan (Stafford at fixed 6.8% interest) go to Your employer should pay you after your grades come in... its up to you what you do with the money. Best to pay off the loans, but not mandatory.
Answered by Found-1 - Tue Jul 8 01:41:59 2008
How do I go about applying for a small business loan?
Q. -I'm 22 yrs old. ***Am I too young to be approved for a business loan? -I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I'm keeping up with. ***If you can prove that you are paying your debts off and that they are only medical related---can you still be approved for a small business loan? ***What is the minimum amount they usually give for a small business loan? What is the usual amount? ***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I'd be able to pay the loan back. Basically what I'm asking in all of this is: Is applying for a small… [cont.]
Asked by MLRatyahoo - Mon Jun 25 09:40:14 2007 - - -2 Answers - 2 Comments
A. Just curious, what kind of business do you plan on opening? Because I'm the same age and looking to open my own business as well, but not sure what I want to do. Thanks.
Answered by kavicarter - Mon Jun 25 09:45:25 2007
Q. -I'm 22 yrs old. ***Am I too young to be approved for a business loan? -I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I'm keeping up with. ***If you can prove that you are paying your debts off and that they are only medical related---can you still be approved for a small business loan? ***What is the minimum amount they usually give for a small business loan? What is the usual amount? ***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I'd be able to pay the loan back. Basically what I'm asking in all of this is: Is applying for a small… [cont.]
Asked by MLRatyahoo - Mon Jun 25 09:40:14 2007 - - -2 Answers - 2 Comments
A. Just curious, what kind of business do you plan on opening? Because I'm the same age and looking to open my own business as well, but not sure what I want to do. Thanks.
Answered by kavicarter - Mon Jun 25 09:45:25 2007
Can you get a personal loan to use as your personal contribution on a business loan?
Q. I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?
Asked by templeofdoom1234 - Sat Apr 18 12:34:22 2009 - - 1 Answers - 1 Comments
A. I highly doubt you can do that The banks will want to see that you have the 20-40% money when you apply. That means you should have gotten the personal loan PRIOR to applying for the business loan The problem with that is that the banks do credit checks. They will see that you've gotten a loan for the same amount you're saying as your contribution. And that could jeopardize your chances of getting the business loan Save up. Or seek out loan from other sources, one that will not be tracked with a credit check -- e.g. families and friends
Answered by imisidro - Wed Apr 22 10:12:38 2009
Q. I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?
Asked by templeofdoom1234 - Sat Apr 18 12:34:22 2009 - - 1 Answers - 1 Comments
A. I highly doubt you can do that The banks will want to see that you have the 20-40% money when you apply. That means you should have gotten the personal loan PRIOR to applying for the business loan The problem with that is that the banks do credit checks. They will see that you've gotten a loan for the same amount you're saying as your contribution. And that could jeopardize your chances of getting the business loan Save up. Or seek out loan from other sources, one that will not be tracked with a credit check -- e.g. families and friends
Answered by imisidro - Wed Apr 22 10:12:38 2009
How long does a student loan take to receive?
Q. I accepted loans for school, and signed my mpn and everything. My question is, how long should it take for the bank to accept my application? Is there a reason i might not get a loan? Other people who applied for loan got their application accepted by the bank the next day. It has been 3 days since I filled out the application. The status of my application says "completed" not "accepted". Has this happened to anyone else?? Thanks.
Asked by Ariana - Sun Aug 9 22:10:25 2009 - - 1 Answers - 0 Comments
A. well if its stafford loans you will get it once your school gives out the dates they want it sent if its a private loan thats a longer process they have to check credit and stuff like that
Answered by AngleRBeautiful - Sun Aug 9 22:30:16 2009
Q. I accepted loans for school, and signed my mpn and everything. My question is, how long should it take for the bank to accept my application? Is there a reason i might not get a loan? Other people who applied for loan got their application accepted by the bank the next day. It has been 3 days since I filled out the application. The status of my application says "completed" not "accepted". Has this happened to anyone else?? Thanks.
Asked by Ariana - Sun Aug 9 22:10:25 2009 - - 1 Answers - 0 Comments
A. well if its stafford loans you will get it once your school gives out the dates they want it sent if its a private loan thats a longer process they have to check credit and stuff like that
Answered by AngleRBeautiful - Sun Aug 9 22:30:16 2009
How do I loan money from the bank to open a small business?
Q. I want to open a little fashion retail store that cost about $100,000. What is the requirements I need to have so that the bank can loan me the money. What documents and information will they need from me for this loan?
Asked by crazygirl - Thu Nov 20 12:23:24 2008 - - 1 Answers - 0 Comments
A. Now's a bad time to get a loan as the credit market remains very very tight (meaning banks are hardly lending except to those with very good qualification criteria) Some banks extend what they call "small business lines of credit" often through credit cards. Those are easier to get and can be based on your credit history alone. They typically are up to $100,000. For example, Wachovia's has various business lines of credits Their business line of credit can even be approved overnight, However, if you're applying for a loan and if it is a big amount, banks and even the SBA may consider other factors aside from your business credit: - A business plan explaining what the business is - Your background and experience in the business -- in… [cont.]
Answered by imisidro - Thu Nov 20 12:29:41 2008
Q. I want to open a little fashion retail store that cost about $100,000. What is the requirements I need to have so that the bank can loan me the money. What documents and information will they need from me for this loan?
Asked by crazygirl - Thu Nov 20 12:23:24 2008 - - 1 Answers - 0 Comments
A. Now's a bad time to get a loan as the credit market remains very very tight (meaning banks are hardly lending except to those with very good qualification criteria) Some banks extend what they call "small business lines of credit" often through credit cards. Those are easier to get and can be based on your credit history alone. They typically are up to $100,000. For example, Wachovia's has various business lines of credits Their business line of credit can even be approved overnight, However, if you're applying for a loan and if it is a big amount, banks and even the SBA may consider other factors aside from your business credit: - A business plan explaining what the business is - Your background and experience in the business -- in… [cont.]
Answered by imisidro - Thu Nov 20 12:29:41 2008
How to compute present value of loan amortizations?
Q. We need to choose among several loan options. By calculating the present value or net present value of loan payments over the years, maybe we can choose the best loan.
Asked by JJT - Sat Oct 13 20:56:48 2007 - - 1 Answers - 0 Comments
A. Every Realtor carries an amortization book for loan repayments. The library and web can have the same.
Answered by senior2tor - Sat Oct 13 21:02:48 2007
Q. We need to choose among several loan options. By calculating the present value or net present value of loan payments over the years, maybe we can choose the best loan.
Asked by JJT - Sat Oct 13 20:56:48 2007 - - 1 Answers - 0 Comments
A. Every Realtor carries an amortization book for loan repayments. The library and web can have the same.
Answered by senior2tor - Sat Oct 13 21:02:48 2007
From Yahoo Answer Search: 'loan'
Wed Feb 10 07:37:01 2010 [ refresh local cache ]
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MarketWatch
Since asset quality remains the most critical component of management's focus, loan loss provision accruals were increased over prior year by $25000 to ...
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Mon, 08 Feb 2010 12:05:02 GM
Bloomberg News seeks an experienced . loan. markets reporter in its London office. The reporter will be responsible for stories about the syndicated and institutional . loan. market, including the primary and secondary markets. ...
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