best loan articles

What do loan companies consider when someone applies for a student loan? If I already took out a $20,000 loan, and I would like to take out another $20,000 loan, would it be accepted by a Loan company such as Sallie Mae or Chase? What factors are considered? Are there any other loan companies to take a look at?

What loan companies will give you a loan for a motorcycle if your credit is really bad? I helped an ex get a motorcycle and now need him to repay me. He needs to take out a loan and repay me or buy the bike from me. His credit is horrible but there has to be places that will still give you a loan. Please help me with advice!

Is student loan still tax deductable when refinancing a student loan with a personal loan? My daughter has two very high interest student loans. Her credit won't let her do anything, but I can "refinance" it with me getting the loan using my credit. But is it still a "student" loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the "chain of custody" still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.

How does a home equity loan work? I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about home equity loans and heard about being tax deductible. How do they work? Do they look bad on your credit? How much can you borrow ? Does it add to the years to pay off your house? We only have eleven years left to pay as it is right now. Just wondering what is a good option. I even thought that after I graduate and am working that my pay checks can go all to my student loans. I am just looking for some good ideas without having to stress out about debt and bills and such. We are trying to pay our bills off and so far have done good. But those student loans are looming in the background.

If I consolidate my student loan with a personal loan can I still write off the interest? 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?

Does a student loan and a bank loan affect your credit the same way? I have one credit card ( revolving credit ) and I have one student loan ( fixed monthly payments ). I want to keep one revolving account and one fixed account. Would a bank loan that pays off the student loan look better as a fixed loan? I guess my question is: Do they both count as fixed loans or is the bank loan a more "authentic" fixed loan?

What student loan company has the lowest interest rate? 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.

How long is the loan process when buying a house? 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?

What is an interest only loan and what are the benefits and drawbacks? 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.

How does a preapproved car loan work? I'm about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?

Would a construction loan be the type of loan for building a new home? If you wanted to build your own house, would you apply for a construction loan? What are the terms of a construction loan? How hard is it to get one?

How do I get personal loan with fair credit score but debt to income ratio is high. I had been declined? I just got a new job as a nurse, my college loan, car loan, co-signer daughter car loan, mortgage payment, owned a house but no more equity left. my credit score is fair, no late payment. I need immediate financial need to keep me going for the next 6 month. Where can I get quick loan ?

How exactly does a secured loan work? If I got a secured loan against my home and I sell me home, do I have to pay my unsecured loan off when I sell my home? Or can I continue to have my loan and pay it off every month for the term of the loan? No, I am not talking about a home equity loan. A secured loan against my home- do I pack that back when I sell my home or not?

What kind of loan can I get to consolidate private student loans? I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments-- is there something similar I could get for a personal loan? THANKS!

What are the ins and outs of getting a construction loan to build a home? My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we are first time homebuyers we do not have much collateral (we do have some savings, but not a ton), would that affect our ability to get a construction loan?

Is a loan from a relative to purchase property tax deductable? I am about to ask a relative for a loan to purchase a land parcel for a future home site. I am going to pay back the loan plus interest just as if it were from a financial institution. Is the interest tax deductible? What paperwork would we have to draw up? What forms would be required? Would he/she have to pay income tax on the earnings?

Student loans not in repayment or in deferral included in a mortgage loan application as an expense? Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio?

How can I recieve a private loan to cover my mortgage payment while in pharmacy school? I would need to get a loan of $30,000 per year to cover the costs of my mortgage and other bills until I graduate. Are there any loan companies that would loan this amount? Would the loan company continue to do this until I graduate?

What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan? 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?

What college loan companies send loans directly to students ? I need a small loan sent to me for about $2,000. What companies can send the check directly to me instead of sending it to financial aid ?

How will paying for a car loan on a repo car affect my credit score? My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound right to anyone? How would it really affect my credit if I pay off the loan now?

What is a spa loan? How do i go about getting a spa loan for school? How do i know a spa loan will suit me? What is a spa loan? How do i go about getting a spa loan for school? How do i know that a spa loan will be the best choice for me? What will i half to pay back,and how long do i half to pay it back?When can i apply for a spa loan? Is a spa loan like a goverment grant?

Recently applied for a loan and got a conditional approval, What does that mean ? 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?

How does a grad school loan work with company-reimbursed tuition? 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?

How and where can I get a small loan with extremely bad credit? How and where can I get a small loan with extremely bad credit? I need to pay off $15,000 of delinquent bills. But my credit rating is probably less than 500. I don't know for sure, but it is not good. I need a small loan to pay off my bills. I just want them all consolidated. The VA will not give me a loan, all they can do is co-sign a HOME LOAN, not a small loan for little things. What can I do now?

How long does a student loan take to receive? 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.

How can I get a loan to pay off my bills while in college? I am paying my way through college and working part time, but the bills are getting too expensive. I heard there are websites that bid on personal financing loans. How can I get a loan through one of these places or get a loan through other companies?

Can you get a personal loan to use as your personal contribution on a business loan? I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?

What loan forgiveness programs are out there for those in education? I keep hearing references to new loan forgiveness programs for those of us in education. I am a teacher with student loans to repay, and additionally am in the middle of another masters program and have student loans for that. Is there any substance to a loan forgiveness for educators, and if so...how do I find out how to qualify for it?

How can I get a small business loan? I have good credit but little cash or assetts? I am looking into buying a small business just outside of Denver, Colorado but I have no idea where to start as far as getting a loan. I have good credit but would only be able to come up with $2,000 -$3,000 up front cash. As far as assetts, I have virtually nothing. Is a business loan even an option in this situation? I need a loan for about $230,000. The business I am looking into buying is well established and very lucrative would this factor into the loan situation?

What is the loan modification with your mortgage while in Chapter 13 bankruptcty? After filing Chapter 13 bankruptcy (mortgage included -fixed rate) my husband became unemployed, so we are now 6 months behind on our mortgage and our attorneys are submitting for a loan modification, what is the process? Is a loan modification always granted? My husband is now currently working and has been for 3 months now, it has just taken us this long to finally get in touch with our attorneys and also the mortgage lenders attorneys.

How can I get a personal loan or someone to invest in my start-up business overseas? I am currently in the military and I get out in the middle of December. I am currently in the middle of starting up a Day Spa (Beauty Spa) for females (in Bahrain) and I have already invested about 85K in loans into the business. I have nearly excellent credit (which is why I got the loans) which I have maintained for about 14 years. Now, about seven weeks from opening, I foresee a shortage of about 30K. I have searched everywhere for another loan, to include the new Patriot Express Business Loan for the military, but, they will not loan for a business overseas. Also, the number of loans on my Credit Report doesn't make it a great idea to apply for another one. In the first month, my projected revenue is 15K. This total will double itself over the next three months, which is why I know that someone either investing in my business, or granting me a loan, will receive back their loan in a short period, or their investment will be a positive one. Email or rspond w/answer. Thanks.

How long will it take to receive a Stafford loan disbursement? I'm attending an accredited flight school starting November 5th, 2007 and plan to graduate end of March/beginning of April of '08. I have already secured my financing through private loans (Sallie Mae / Wachovia). I know it's too late to apply for federal aid this year. If I fill out the FAFSA on the 1st of the year, how long will it take to receive a Stafford loan disbursement? I believe my school will request the final disbursement from Sallie Mae sometime in Feb. I'd rather get the money from the Stafford loan as the interest rate is about half of what I'm paying for the private loan. The school is ATP (Airline Transport Professionals) located in Ponte Vedra Beach, FL. I'm attending the Jacksonville location. I could not find their school code on the FAFSA website. I know they are nationally accredited. Does this mean stafford loans aren't available?

Need a student loan that is directly dispersed any suggestions on where I can apply? I use to get a loan through my rich uncle but it is shut down. Now I need somewhere to get a loan that will directly disperse to me for my June rent (and the following months). Any ideas on where to apply?

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 driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of $3-5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash. Now the questions ... is this possible, or is there usually some stipulation that you can't use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!

What exactly is an installment loan and how do you get one? 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.

Is it worth while to do an Interest only loan when refinancing your home? There's a company that's offering 1.5% APR interest only loan for anyone that has a credit score of 620 or above. They advised that if I take the $800 in savings and invest it, I can use the savings to pay off all of my outstanding debt. In 5 yrs after the loan is over we would do it again but because it's interest only that I'm paying the amount of the new loan will be more than the original loan. We just need some professional advise.

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 stick to a payment plan since we don't have a huge income, but they want the money now. My boyfriend is just going through bankruptcy so he cannot get a loan of any sort. How can I go about getting a personal loan to pay them off? We are both employed so I am not worried about paying it off, I am clueless as to how to even get the loan if I can. Any and all help would be appreciated. Thanks!

How can I find the best loan option in order to refinance our home? We have put an addition onto our house through a personal loan from a family member and want to refinance in order to pay the loan off. I am interested in doing a no doc, or stated, type of loan.

How to compute present value of loan amortizations? 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.

What can a loan company do to me if I do not pay the rest of my loan? I am unemployed and yesterday, had to close my bank account. I have an outstanding loan with cash call and I called to see what arrangements I could make to pay it, when I get a job. The woman on the phone told me I had to pay this month, in other words, beg, borrow or steal, because I do not have it. She told me to ask my friends, huh! She told me if I do not pay, I will have to suffer the consequences, does anybody know what consequences she is talking about? They cannot garnish my paycheck, right? I know they can put it on my credit report, what else? I am planning to try to pay it this month, but if I don't have a job or I just started a job, how will I pay?

How likely is a first time home loan to fall through after you have signed off on the contingencies? Everything seems fine. House appraised good the inspection went well and the loan company has everything they need and have approved the loan. But sometimes I hear loans fail to be funded at the close of escrow. What can cause this and how likely is it?

What kind of loan can I get to help with college and paying rent? I preferably need a loan that allows me to delay interest payments until after I graduate. I already have a loan for this semester, but I need another for next year. My parents can not co-sign for me, so my last loan wasn't enough to cover the whole year. Also, I don't live on campus so I need a loan that will allow me to use part of the money to help pay my rent. I've looked at a few loans that only allow you to use the money for 'educational purposes' so I'm not sure if living expenses off campus count. I do work part time, but it is simply not enough to cover everything. Any advice would be great. I'm really in a tough spot.

What kind of loan do you get to fix up a new home you just purchased? I am purchasing a foreclosed home and the previous owners took the kitchen cabinets and counter tops. Now my banker says I can't get additional money to purchase what i need to fix the kitchen. So my question is where do I get a loan for that? Or what kind of loan?

what is the risk borrowing home loan from a small and new bank? I am having a traditional loan application with a big bank. I just found a small bank in Florida, founded in 2004, is offering better rate and cost compared to those big famous banks. The small bank is member of FDIC. Somebody told me small bank may not follow federal regulations. How do I tell if a bank is a qualified home loan lender that follows all lending regulations? What is the risk borrowing home loan from a small bank?

How does the perkins loan differ from the stafford loan? I qualified for like a $500 perkins loan as well as some stafford loans, and I spent all my financial aid researching time looking at stafford loans, so I don't know much about the perkins loan. I looked it up and read that the two are similar, but how are they different?

Is a loss from a personal loan the same tax category as a loss from stock investments? I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses for that year. Is the personal loan in the same category as the other investments -- in other words, does it count as part of the $3000 limit? Or is there a way I can claim that loss separately? Thanks!

Is it wise to get a unsecured loan to pay off another unsecured loan? The loan will be in the thousands. And if so what is the best business to apply for the loan with?

How does a student loan affect your credit? I have a student loan that is about 50K. I am making payments on it but I am on the income contingent plan and every month I get a statement showing that what Im paying is not enough to pay even the interest, so the balance is higher every month. Does this negatively affect my credit, I pay every month on time but I want to know if this will affect my credit. Does the 50K count towards debt to available credit ratio also. How does the student loan affect credit ratings?

Is it possible to take a 200k loan and buy a 100k house? Some loan office told me to take a loan and it's at 200K. I found a house at 100K and is just planning to buy that. It's a 2 rooms and 1 bathroom house. With the other 100K, I'm going to invest it and collect on the interest. Is it possible of me to do that? O also, I want the other 100K because like my mom and dad, they didn't have any money at all in the bank or what so to pay their house so they had to sell it. Now if I had that extra 100K invest, I'm going to get at least a bit of % back right. Also if inflation happens, I can be able to use the other 100K to pay off the mortgage Anyways, can anyone tell me about this? New to the game. 9$ an hour and is getting about 30 hours a week. Girl make about 9$ an hour also and about 30 hours a week also. Can we make it and is that loan possible or do I have to get a 200K house? Thanks for the help guys.

How does the debt collection process work on an unsecured loan? I am 105K in debt(mortgage, student loan, car and the unsecured loan) and lost my former job due to lack of work. I got a new job but I am out 15K/yr. Through much juggling, I am paying off everyone except the unsecured loan on which I am paying 30/month(they want 260/mth) and they are unhappy I am paying them so little and threatening to sue me. I am trying to sell the house to pay off the mortgage and the personal loan and this is still at the original lender level. I am hoping I will get to work with a collections agency first since I can offer them the 30 I am now paying the creditor and when I sell the house I can pay the bill in full and have the credit bureau remove the blotch from my credit by showing evidence of payment. Do they go to collections or sue first?If they do sue,will they garnish my wages or freeze my checking account(no savings) or both? How does the debt collection process work on an unsecured loan? Tried debt consolidation but my house is not worth enough to do it and having other debt attached to it would reduce my chances of selling the house and paying off the mortgage and the personal loan. I am really looking for info on how the debt collection process works,not how to get out of debt. I have that part figured out unless I get sued. Thanks Thanks Taja but I am asking what the collection process is. I owe 105K out of which only 9K are unsecured debt. I am paying everybody except for the unsecured debt (to preserve my assets) and paying this unsecured creditor 30 a month hoping to sell my house to pay of the mortgage and the unsecured loan which will get rid of 64K off my debt and put approx 4 K in my pocket to move to an area with a better pay labor market. I am trying to find out (by learning how the collection process works) if I am going to have time to get this done before I have to worry about their coming after my wages and/or checking bank account. In other words, if I can work with a collection agency to which I can offer payments and pay the 30 I am now paying until I can sell the house. I already tried debt consolidation and I can't get a loan for 105 K with a house that is worth 79K as the only collateral. The rest I owe is my car and student loans which must be paid or they will be worse than this creditor. BBOYBALL: My mortgage is in perfectly good standing since I pay that before I even buy food. It is the only assett I have and I want to move to an area where I can work without having to commute an hour to do so. That is why I am selling the house: to move and to pay off the mortgage and the personal loan I took out to buy a new furnace and remove asbestos. I am willing to sell for 76K.

How difficult is it to get a home mortgage loan? 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?

What happens if I paid off my entire student loan but they still applied my tax rebate to it? I paid off my entire defaulted student loan at the beginning of this month. I even received a paid in full letter. But today I just got a letter from the IRS that my $600 was applied to that loan by offset!! Apparently there wasn't enough time between when I paid off the loan and then getting my rebate. I just tried to call the Missouri Department of Education, which my loan is through, but they are closed for the day. Does anyone know if I can get my $600 back??? :(

What is the difference between a federal loan from a univeristy and one from a bank? What is the difference. For example typically your financial aid office will award you say a federal Stafford loan and you just sign the promissory note for the lender. But what is the difference from doing that through your school and actually going to a bank, IE Chase, and applying for a Federal Stafford Loan through the bank? Is it the same thing or is there a benefit from getting it through the school? If the school doesn't award you a loan can you apply for it through the bank or are you automactially ineligible?

What is the difference between a loan processor and a loan closer? Does loan processor do most of the application work and running numbers, and does the loan closer actually close the loan verbally over the phone or in person? Any loan processors or closers out there. I have a chance to interview for a loan closer position as a temp to perm hire. Also I would like to know if its easy to get started as i have no experience with loans as you already can guess. thx

loan ? I need a loan, what I have to know? Where can I find useful information on how to have a loan?

How can I get a small business loan, I am planning to start a medical staffing business? How can I get a small business loan, I am planning to start a medical staffing business such as Nursing CNA,LPN,RN. I will need a loan from a bank between $30,000 to $50,000 to run this business. I strong need advice on how to get this loan, what kind of bank is easy to approve small business loan, basically any information will be helpful.

What is the best student loan and how to get it? What's a perkin's loan? What's a direct loan? Private loan? I don't understand the whole process! What loan would have the lowest interest rate and is best overall? I will be attending University of California Santa Cruz. I don't know where to begin with the whole loan process. I currently have no credit history, etc. Help?

How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan? My husband and I did a short sale on our home 15 months ago on an FHA loan, because we were stationed over seas for three years it became to hard to hold onto the home. We would like to purchase another home using my husbands VA benefits now that we will be stationed stateside again. How long do we have to wait to use the VA loan?

What happens to my mortgage loan if my mortgage company files bankruptcy? There are strong rumors that Countrywide Home Loans is about to file bankruptcy. My loan is in good standing, but I don't know how their financial troubles will affect my individual loan.

How does a secured loan work? I'm looking to start up a business, and borrowing money from my dad. He has the liquid, would a secured loan be good or a business loan? 10k loan, he has the funds I just need it for 6 months or less. It will be paid in full then.

How long at the job to qualify for home loan? I have been at my job for several years and currently own a home. My fiance is finishing college shortly and will start a new job hopefully by the end of the summer. My credit score was just under 800 when I got my first home loan and should be the same today. I don't know her score but she claims to have good credit, but limited. She never makes any late payments. Our debt, other than my home loan which would be sold before we get another home loan is about $3000 left on her car and she has about $20,000 in student loans. How long will she need to be at the same job before we can get a loan using her income? I do not make enough money on my own to qualify for the house we would like to purchase.

How does the personal loan from banks such as Bank of America or Citibank work? I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. I'm hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it's a guaranteed fixed interest. But since I've never done it b4 I will appreciate some more advice. Thanks Much.

What loan company to go through to get a house with bad credit? Purchasing my first home. Wondering what company is the best to go through to get a home loan. I do not want a high interest rate. Last time i checked my credit score, 595. Any advice would be appreciated.

How to get loan for international students who has F1 visa? I'm international student with F1visa right now. I'm planning to go Doctor program of Acupuncture. When I ask shool they say this program is not accredited. So it's hard to get loan. If somebody know the way to get the loan legally. Please tell me.

How do Loans work? Why do I have to apply for a Federal Stafford Loan Note first? How important are deadlines? I'm applying for a Loan. A federal Stafford Loan. Im concerned that I might not get it because the deadline passed since I had to reapply for a Pin number needed to apply which took 7 days to arrive at my house, 2 days past the deadline. Am I screwed? Why is it recommended that I use this kind of Loan. Does it matter?

How do I put more money towards a private loan at a high interest rate? I use Sallie Mae for my student loans. I want to pay more than my payments and put the extra principle towards a student loan at 11.5%. My other student loans are at 4.8%. Sallie Mae lumps all their loans into one bill so confused on how to approach this issue.

Can student loan interest be an itemized deduction on your taxes? The Student Loan Deduction allows you to deduct up to $2500. In 2007 I paid well over $2500 in interest and obviously want to take advantage of this.