Pay Loans Off Blog

Student loans not in repayment or in deferral included in a mortgage loan application as an expense?

admin — Sat, 27 Jun 2009 11:42:32 +0000

Ana C

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?

can anyone help me to get a personal loan with low interest rates?

admin — Sat, 27 Jun 2009 10:55:12 +0000

sweetguy s

i m a graphic designer from coimbatore. i need Rs.50000 urgently.

Will refinancing my auto loan to a lower monthly payment and less interest paid out, hurt my credit score?

admin — Sat, 27 Jun 2009 10:52:25 +0000

BleadGreen

I’m preparing to buy a house next year and doing everything in my power to increase my credit score when the mortgage process starts. I have an auto loan @ 6.24% interest rate, and my truck will be paid off in 3 years. I’ve pretty good credit right now. However, if I decide to refinance my auto loan for a lower interest rate and monthly payments, will that hurt my credit score?

Would a construction loan be the type of loan for building a new home?

admin — Thu, 25 Jun 2009 17:52:42 +0000

jiggywalker2008

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 exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?

admin — Thu, 25 Jun 2009 08:53:10 +0000

ronidl76

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?

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?

admin — Thu, 25 Jun 2009 08:24:13 +0000

leydi

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?

How do we choose who to refinance our home with?

admin — Wed, 24 Jun 2009 20:09:56 +0000

E

We have very good credit (my husband and I are each 750+), and need to refinance our home. When we purchased, my husband was newly self-employed and had to get a no-doc loan, so it isn’t a very good loan to have. There are so many radio commercials and other ads for mortgage refinancing. How do we pick one? We thought about the LendingTree.com or themortgagestore.net. Any advice?

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

admin — Wed, 24 Jun 2009 06:41:38 +0000

homeless

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.

Does a student loan and a bank loan affect your credit the same way?

admin — Wed, 24 Jun 2009 04:56:52 +0000

videogamer1979

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 to do when my home value is less than the principal of my mortgage?

admin — Tue, 23 Jun 2009 05:00:54 +0000

MMK

I live in Florida and have a 7 year ARM, and I was interested in re-financing to a 30 YR fixed rate. However, my house is now worth $90K LESS than the outstanding principal amount on my mortgage, so of course, my bank will not let me re-finance.

What are my options, if any? Is there a gov’t program or any new law that will let me refinance based on the new value of the house?