What does a loan Officer usually have to focus on regarding Borrowers documentation?

What are the principles in refinancing, Cashing out and taking money aways from the homes equity?, How much does a loan officer make a year if they work for theirselves and with a bank?

What does a loan Officer usually have to focus on regarding Borrowers documentation?

I'm a Mortgage Banker.

Documentation is determined by the Program of the loan. Loan Type, Ratios, and who is underwriting.

I request 2 years taxes, most recent month worth pay stubs, 3 months bank statements, home owners insurance policy, preferred Title company, and a check for the appraisal.

Most LO's are paid on Commission.

Opening a second bank account?

I am at university so have a student account. However, my loans and my wages from my part time job go into this account - I'd like to open another account into which I can put my own money i.e. not my loan, so that I can pay for food, living expenses etc from my loan on one card, and pay for clothes, other shopping etc from my wages on another card. What's the best kind of account to open for this and can anybody recomment a bank?? Thank you very much!

Opening a second bank account?

I like the Halifax. They have a good on line service and if you do need to call them they don't keep you on hold for ages. They also have good staff - that actually know what they are talking about!

Opening a second bank account?

Barclays, but they are all the same

Opening a second bank account?

you can open a current account at any bank for this kind of thing - you want one that will offer you a debit card and perhaps an overdraft facility. choose a bank which has lots of branches around your area so you don't get stuck.

Opening a second bank account?

Are you in the US?

Most banks offer an entry level checking account that has no minimum balance and no or very low maintenance fees. In fact, these types of accounts are aimed at college students and are often called %26quot;Student checking%26quot;.

Wachovia and Bank of America are the two that I've had experience with...not a problem with either one.

Opening a second bank account?

i fink u should have the first one and keep it but dont make another one coz it will be a big headache.

onece my father made a second acount then he had to check both of the acounts coz he didnt kno which money is gone to wit acount.

so i would say to just keep ur fist one.

or u can leave membership with the first one and have the second one. if u really want tohave a second one.

Opening a second bank account?

You want to make sure that whoever you go with doesn't charge you a monthly fee for having the account.

If they offer a premium/gold/special stay clear. Say you want a bog standard account with no charges.

Natwest charge me 鎷?2 a month for my advantage account, Lloyds have an account which costs 鎷?0 a month...

My joint account is free of charges and that is with Abbey National.

Opening a second bank account?

If you are in the US, try finding a credit union. These are banks serving communities and usually have a no-fee checking account. I have been a member of a credit union since college. I have had multiple accounts with them and have been pleased with the service.

Opening a second bank account?

Ask a friend for recommendation cuz other parts of the country wont have the same bank....look for an acct that is simple if you write ten checks or less a month and then it will be cheaper..tellers can help you out

Do you think I can get a car loan for $16,000 with this credit?

I have a $1,000 credit card with Bank of America, a $600 dollar target store card, and I recently co-signed with my cousin for a car loan of $7,000 and that was 2 months ago, but next month she is paying that loan off with her credit card... so in 2 months it will show paid off in my credit report. i've been at the same job for 7 years and 4y at the same residence. 2 months ago before I applied for the co-signed loan my credit scores were: Experian 717, equifax 719 and transunion 732. My credit was established barely 2 years ago. do you think i have a chance of getting a car loan? i can put $4,000 down. I don't care if they give me a high interest as long as its not more than 15%. what do you think? have any of you have had limited credit and got a loan?????????

Do you think I can get a car loan for $16,000 with this credit?

Sounds like you have a decent credit history and most likely you will get a loan. One of the major things the lender will be looking at is debt to income ratio. If it is above 30%, they will most likely not give it to you but if you are below you should be ok.

Rival

Do you think I can get a car loan for $16,000 with this credit?

700+ is good credit.

not a problem for the car.

Do you think I can get a car loan for $16,000 with this credit?

with those numbers you should have no prolem just make sure the loan is paid and off your credit reports belive me i live on credit cards those numbers are awsom a intest rate arond 5to 7 percent

What happens when money is mistakenly wired into your bank account?

A friend of mine asked me an interesting question after a crazy experience... I guess 2 separate wires ended up in his bank account , one for hundreds of thousands and the other for 50 or so. After calling his bank to notify them several times, the first larger wire was reversed and the funds removed... He kept calling about the second, however no action was immediately taken by the bank. He called again. Make a long story short, several weeks then a month goes by. All of a sudden, he hits some hard times financially, and the money (which was comingled in his normal checking account) is now being dipped into... He doesnt make a tremendous amount of salary, and is about 14k into this %26quot;mistaken%26quot; money... He is wondering what to do at this point. i recommended just getting a loan or Credit Card to cover what he dipped into and calling the bank.

Was curious if anyone knew legally, or what not, what could happen to him at this point... Is that money ever his if the bank refused to act?

What happens when money is mistakenly wired into your bank account?

Ethically it was wrong for him to use this money - although his financial situation at the time might have made it confusing to keep tabs on the funds.

A month is way too long for a financial institution to leave that amount of money unresolved. I would remove the money and place it in a separate account, so not dip into it anymore. I would also have the bank give me the name of the bank or person that initiated the transfer and get in touch with them. They might be so happy that your friend is being honest that they may work out a payment plan for the difference or even forgive a portion of the debt.

There is also the chance that whatever caused the money to go into his account has now made the money untraceable. There are legal implications on this also, since the IRS will want to know where he got this money. Those amounts of transfers can implicate him in a money laundering scheme.

What happens when money is mistakenly wired into your bank account?

What likely happened is that the originator of the wire provided the wrong account number. Your friend should try not to spend that money as much as possible. It is entirely likely that it still may be rescinded. He should talk to someone at his bank ASAP.

What happens when money is mistakenly wired into your bank account?

The mistake will be found and the money will be taken out of his account. He may get into some trouble, because he knew the money was not his and he took it out. I would suggest he try to find a way to borrow the money from another source and put it back into the account as soon as possible. Then he should have a hold put on the account. He should also talk to someone in charge at the bank.

What happens when money is mistakenly wired into your bank account?

They will trace it and take it back.

That happend to me about 8 yrs ago with Bank1.

It was out of my account just as it came. I did not even get any explanation form the bank

Are we obliged to buy a loan from the same company we are buying home from?

we are buying a homeand they are offering some incentives if we buy a loan from that particular company,we've not yet decided but we are getting better rates from the bank,we'll definitely shop and find out which one is better for the long term,now practically they are forcing us to get the loan from their company,is their any chances that they can deny to build the house or force us to buy that loan.

Are we obliged to buy a loan from the same company we are buying home from?

no-you are not obligated. Go for the deal that gives you the best rates and longterm.

Are we obliged to buy a loan from the same company we are buying home from?

I don't believe so However the Builder may have to use Their Lender Do you have a contract if so reed it thoroughly so your not force into overpaying

Are we obliged to buy a loan from the same company we are buying home from?

No obligation. They might be violating RESPA laws. Talk to a real estate or consumer Attorney.

Are we obliged to buy a loan from the same company we are buying home from?

Hello, you are NOT locked into going with them Per the RESPA Laws, see the link below. They may have a builders / buyers relationship with them, where they get a percentage of the deal (closing cost, etc) If that is the case than they have a %26quot;affiliated business arrangements%26quot; and they have to (A) a disclosure is made of the existence of such an arrangement to the person being referred and, in connection with such referral, such person is provided a written estimate of the charge or range of charges generally made by the provider to which the person is referred (i) in the case of a face-to-face referral or a referral made in writing or by electronic media, at or before the time of the referral (and compliance with this requirement in such case may be evidenced by a notation in a written, electronic, or similar system of records maintained in the regular course of business);

So, check in out to be sure. Have they given you a Good Faith Estimate as of yet? Telling you what your costs are?

The above is shown on this web site:

http://www.hud.gov/offices/hsg/sfh/res/r...

Are we obliged to buy a loan from the same company we are buying home from?

There is a trend now where some of the larger real estate companies and builders are offering a %26quot;one-stop shop%26quot; i.e. mortgage loans, Realtor and title companies all under one roof. Often, they will offer incentives such as %26quot;X amount of dollars for closing costs if you use our loan co.%26quot; or %26quot;$100.00 off closing if you use our title co.%26quot; Again, these are supposed to be incentives and not obligations. Read the fine print in any documents that you have signed with them to make sure that you didn't sign anything that stated that you were using their mortgage services, etc. If so, they would have to disclose this to you before signing the Purchase Agreement. You know, this just doesn't sound right at all. If you have a Realtor representing you in this transaction, I would be very sure that they were looking out for you in this and making sure that you have an adequate %26quot;out%26quot; if necessary. Read your purchase agreement again carefully. Most importantly, consult an attorney if this forceful behavior continues from this builder.They have to live up to their end of the contract, too. You should have the right as a consumer to shop around for whatever services you feel best suits your needs. At this point I've seen it all and this doesn't surprise me.

Are we obliged to buy a loan from the same company we are buying home from?

They cannot force you to use their mortgage company.

However, and it's a very gray area, they can build incentives into the price to use their company.

They make the incentives just big enough to make going elsewhere not cost-effective, and then stick you into a higher cost/rate loan than you could get otherwise.

Your only hope of getting the incentive and going elsewhere would be to complain to your state commerce/real estate division about unfair practices. No idea if that would work.

Refi Loan - All messed up by lender?

ok so first the lender told me just to be on the loan and not the title because she couldnt figure out how to do both.....then hangs up on me..........apologizes..........stupid me....accepted and kept %26quot;working%26quot; with her.......

then she told me that some debt needed to be paid on our credit....ok no problem...knew it was there.

then at closing today I find out that there are additional debts that she didnt disclose and she thought those debts were the same as were on the credit. NOT.

so now she wants us to pay an addl 4k! noone told us....I had to ask why settlement was different.

so I didnt sign!!!!!!!!

so now I want to know if I have any room to negotiate for her lack of professionalism and incapability to process our loan without non stop problems caused by her...... can they waive the origination fee if it's a bank? I think they should %26quot;suck it up%26quot; just like I've had to.

oh and I told her boss today that she never even got verification of my income....lol.

Refi Loan - All messed up by lender?

OK, time to talk to her boss.

Good job not signing.

Whether she works for a bank or a mortgage broker, ask for fee reductions due to incompetence. Mortgage brokers often have that flexibility and so do banks believe it or not.

One of my clients had all her fees waived on a new purchase mortgage with her credit union because the loan agent gave her wrong information initially and incompetently listed her assets on the application - causing her initially to be denied.

Talk to the boss or manager; if they are amenable to making it up to you, continue to work with them, you both have a lot of time and energy invested. Might as well keep that 6% rate!

Good luck!

Refi Loan - All messed up by lender?

I suggest you find a better broker/lender. It sounds like they don't know what they are doing. Though they may not need verification of your income if your credit score is high enough you can go stated income and not have to prove anything. Hope this helps and good luck.

Refi Loan - All messed up by lender?

you do not have to pay her any fee if you didn't sign any docs.

go find a better loan officer, good luck.

Refi Loan - All messed up by lender?

the only good thing was a 6% rate (and it had better been a fixed rate too). Terrible deal otherwise and that 4k was unaccecptable. I would leave them.

Refi Loan - All messed up by lender?

Just like everyone else here, I suggest that you either leave the broker OR go straight to her boss and have them waive the origination. It seems to me that this loan officer had no idea of what she was doing - probably a newbie to the bizz.

It's easiest to stay with them so I would first, go to her boss and re-negotiate the origination fee. By the sounds of your interest rate, your credit must be pretty darn good, so don't sell yourself short if they do not agree to lower their fees for your trouble. I would suggest looking for another broker immediately. To find a really good and ethical loan officer, go to www.narlo.com and search for loan officers in your state. Those loan officers adhere to a very strict code of ethics and if they don't, they are kicked out of the association. I am a member and take that membership extremely serious, as I am sure the rest of my fellow members do. There's NO reason anyone should be unscrupulously led into such an important transaction.

Good luck!

Refi Loan - All messed up by lender?

Sounds like a big mess, they hides fees, and will basically tell you just about anything to get you to sign, at times. The best thing to do, would probably be get a second set of eyes on your situation, outside opinion. If you were getting 6%, with no income check, that's a decent rate, may be able to get a bit lower if you verify income, but it does make sense if they were stating your income and had to pay off debts to get you to qualify.

Email me and we can discuss options, ctmackenzie@amdream.net, I have been doing mortgage loans for about 6 years. Licensed in PA and MD. website, www.amdream.net

In these days of increasing cot of home loan and property what is best choice and suggestion?

Banks these days are on increasing home loan interest rates making it difficult for salaried class to hope to own a home because the homes are also costlier and is a dream to be fulfilled. How to manage home, home loan repayment when salaries hardly suffice with rising cost of living and increasing inflation with the current budget offering nothing. It is a costly dilemma because both are just and essential. Can some one suggest a way out to balance both?

In these days of increasing cot of home loan and property what is best choice and suggestion?

Still I am of the opinion that investment should be made in real estate as it gives you 2 (Two) fold income

1) Rental

2) Appreciation in value of the flat

As from rental one third is allowed as outgoing Income is payable on 2/3rd of the income after allowing deduction for property tax and interest. In no other business this facility is available. Moreover, on capital gains indexation cost benefit is available for payment of reduced tax.

hence, still there is high potentiality in Real Estate although the prices have gone up. It also depends in which city or town you are investing. If it is Mumbai you are at no risk you can blindly go for it provided you have chosen a good, reputed and trust worthy builder.

In these days of increasing cot of home loan and property what is best choice and suggestion?

increasing cost of home loans?

We have some of the lowest interest rates in 30 years still.... Any home mortgage at under 10% interest rate is pretty good. We can still get under 7% with ease.

Home prices may be up... but that's called inflation. If you were selling and the price wasn't up from when you bought you'd have a fit.

Learn about economics. You show a total lack of understanding.

In these days of increasing cot of home loan and property what is best choice and suggestion?

the only real suggestion is STOP BEING A SALARIED EMPLOYEE! they get taxed the most! really. but thats not always an option. what i do now.. and i buy 2 or 3 houses every month and sell them within a week... don't look for a house, look for a motivated seller! call people until u find someone that will take back some financing, lower their price, or even wait for their money. some even already have moved and they paying 2 mortgages! all they want is someone to pay their first house that hasn't sold! u can use a wrap around contract (depending what state you're in) or an all inclusive trust deed (in california), and just pay their mortgage! they may just actually GIVE U THE HOUSE just to get rid of that second mortgage payment. it has happened to me.

I borrow money from loan companys online i they ripp people off they go in my account every time i g

loan companys keep taking more than what they supost to take out of my account every time i get paid my question is if i change my bank account numbers would they be able to take money out of there because these loans doesn't go to the credit report

I borrow money from loan companys online i they ripp people off they go in my account every time i get paid?

What you need to do id dispute this with your bank. They are not supposed to take out what ever they want. Tell your bank to cancel the auto draft payments. You send them a check every month for the correct amount. Or get a loan from the back to pay them off and be done with it.

I get housing loan in instalments over 6 months;?

Bank says they will tell EMI (Equated Monthly Instalment) only when i get the last loan disbursement. How can i know in advance how much will be my EMI after the last instalment date? Please help %26amp; thanks in advance.

I get housing loan in instalments over 6 months;?

This is out of my range of experience. I have never dealt with the kind of loan that you are currently in.

My advice comes in three parts...

The first is to consult with a professional financial adviser who has the first hour consult appointment free.

A mortgage loan officer is likely who you would need to contact to answer this question with any capability.

Your bank should be able to give you some idea of what you need to have. I would go in and wait to talk to a loan officer, that is what they are there for.

I deal with people on the verge of filing bankruptcy, and people who are trying to get out of homeless / battered women's shelters. I am more of a social worker / financial adviser than what you would need with this complex loan agreement.

I am so sorry that I couldn't give you more help.

I get housing loan in instalments over 6 months;?

May be....

Student loan forgiveness?

Is there student loan forgiveness programs for clergy? They often work in poor areas and do alot of community service. My friend is a pastor and she really works hard in a poor town and even started a food and clothing bank for the local families. She also is qualified and gives free counseling to those who need it and can't pay for it. Unforthunately most of her paycheck goes to student loans and leaves her with barely anything. Does anyone out there have any advice or ideas. Thanks!

Student loan forgiveness?

No, there are none out there specifically for members of the clergy. However, there are programs out there that will forgive a part of student loans in exchange for volunteer service in the local community. Another idea might be to consolidate the student loans together and extend the payment period which can lower the loan payment amounts. I will include some resources which should help. Good luck!

Student loan forgiveness?

For God all is possible, you can!! I found interesting information about your answer, college loans with low interests, scholarships, college grants here.Goodhttp://all-student-loan-consolidation.bl... luck!

Where can i get an unsecured loan with bad credit?

i have a ccj which is to come off next year. i use a family members bank account. im struggling to find a company who will give me a loan

Where can i get an unsecured loan with bad credit?

I think Providian is a high risk credit card company. I don't know how bad your credit is though and how bad they'll accept.

Pawn shops will also give you loan with collateral (I've never used one) and there are some other lenders that I see a lot near military bases (which I have also never used) that charge outrageous interest. They get around Usury laws by charging a %26quot;fee%26quot; instead of interest though.

So it really depends on the loan type. I have a friend with poor credit and he was able to buy a car. He had to enter a code into a computer (on his car) each month after he made payment. The dealer would give him a new code only when the check cleared or if he paid in cash.

I have another friend who was unable to get any kind of loan. I think he needed $10k and it just wasn't going to happen. He eventually found a family member I think.

If it's a small amount, I'm sure you can find someone willing to give you one for a huge fee/interest. If it's a large loan, you might be out of luck.

Where can i get an unsecured loan with bad credit?

Big Ted in the Dog %26amp; Duck - but his rates aren't too great, and you get a month to settle

Where can i get an unsecured loan with bad credit?

A loan shark?

Where can i get an unsecured loan with bad credit?

have you tried welcome finance? you will find them online

Where can i get an unsecured loan with bad credit?

Have you looked in to Prosper? Its a website where people loan money to other people, no dealing with a bank and all the transactions go through Prosper, you should check it out.

I havent used it, but know people that have and it works for them.

Where can i get an unsecured loan with bad credit?

Try www.surefirefinance.co.uk they may be able to help and may be able to help with a bank account as well.

Where can i get an unsecured loan with bad credit?

Are you looking for a personal loan? In any case, try this site for helpful loan information and free quotes. They might be able to help you. Good luck! http://loan.divinfo.com

Where can i get an unsecured loan with bad credit?

Hi,

it's not always easy to find the right companies. I've done some research and found two which are reputable and trusted with no credit checks and even if you have bad credit. You might check them out and then choose one which best suits you:

http://www.usefulresources.info/online-p...

http://www.usefulresources.info/cash-adv...

Hope that helps. Wish you all the best!

Mike

Where can i get an unsecured loan with bad credit?

depending on how much you need provident will give practicaly anybody a loan and the there is no added interest you get a charge for the amount you borrow (which is quite high) and if you can t make a payment there is no extra charges I think they lend up 2 鎷?00

Where can i get an unsecured loan with bad credit?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!

Where can i get an unsecured loan with bad credit?

BLACK HORSE, MIGHT HELP YOU.

Question about the Education One Loan?

Im going to attend texas a%26amp;m international university next fall, but i only got the pell grant for $2360 and te acg grant for $750. the school is also offering a subsidized loan of $3,500, totaling in $6,610. The estimated total cost of attendance is about $16,058. I dont want for money to be the reason i dont go to college. I got this one letter from the chase bank, and they are offering me up to $40K for my education. I talked to my parents about it, and my father agreed to be my co-signer. But i still have a question before going forth with all of this. Is the amount i get from the grants i got and the subsidized loan per year or semester? if i get, oh, lets say $12k from the education one loan, will i receive that money per semester? per year? or will they just give me the money and thats that? what would you do if you were me, would you deny the subsidized loan from the school completly?

also, can i buy a car with that money? cuz i kinda need one.

Question about the Education One Loan?

let me get this straight...you are considering denying a subsidized loan (need based loan that the government will pay the interest on while in school) for a private loan that will accrue interest once the moeny is disburse to you. Hmmmm. I guess go for the private loan. The loan will be divide between the fall and spring semester. Just because your cost of attendance is 16,000 per yr does not mean you will acutally pay 16000 for the year. That is just a generalization. Meaning, significant amount of students will pay significantly less. You will be to determine how much it will cost you within the 16,000. So, calculate how many credits you plan on taking and multiply it by 2 and figure out how much housing cost per year. Then add in books, make sure they are used. This is your cost for the year. I recommend you get a part-time job to assist with the cost.

Question about the Education One Loan?

I really don't think you should deny the subsidized loan and definitely dont' deny the grants. The grants are FREE money! The award is probably for the year, which means they will apply half of each amount toward each semester's bill.

It's not likely they will actually hand you the money - they will however apply it to your student account.

The Chase loan must be a private loan and those usually have the least favorable terms. What is the interest rate? Do you get a grace period? When do you have to start paying interest?

With the subsidized Stafford loan, the interest rate is 6.8%. You have a 6 month grace period (in other words once you graduate you have 6 months before you have to start paying the loan back).

If you still need more money, maybe you can receive an 'unsubsidized' Stafford loan. It's exactly like the subsidized except for the unsub you are responsible for the interest even while you are in school. For the sub loan, the gov't pays the interest for you.

Second Mortgage Loan Foreclosed??

I have 2 mortgages in my name for a house I was duped into signing onto. I never lived in this house, I did a favor for someone who was supposed to fix and sell the house which never happened. I signed over the deed in 2006 to a guy who was a friend of the lawyer I was using, and who was interested in doing a shortpay with the bank. I was told signing over the deed would help me. I had no knowledge of mortgages, houses, etc., at the time. The guy still hasn't done anything regarding the property. I received a notice of sale stating the property would be auctioned off in July 2007. I have not received anymore info on the property since. I checked my credit report and 1 of the loans (80K) says foreclosed. Yet there is another company on my report which I believe is a collection agency and the outstanding bal. is 80K. Since I signed over the deed stating I 閳ユΞold閳?it to for 400K, in 2006, what happens with the mortgage loans in my name? What does it mean for 1 loan to be foreclosed?

Second Mortgage Loan Foreclosed??

As stated in a previous answer, a deed to a property simply signified who owns that item. It's the same as a title to a car, simply proof of ownership.

You have taken out a loan to purchase the said item. This loan is completely separate from the deed. The agreement is simply between you and the lender. The simple process of a mortgage to purchase a property is you going to a lender and saying please loan me money, I want to buy something. I promise that I will pay the loan back, but if I don't, you can have what I bought and try to sell it for what I owe you. As a note, technically if they sell for less you still owe the difference between the two amounts. Many times banks will forgive this amount, but is not required.

I am afraid that signing the title over to someone left them with the property and you with the loan. The person you signed the property over to has no relationship with the lender. You were the middleman between the lender and the guarantee for the loan. If you got rid of the loan guarantee then you need to get ahold of the lender asap to try and straighten it out.

Go back to the cat title example. A car loan is very similar. You get a loan with a lender to purchase an item. In the loan agreement you basically say that you will pay and if you don't they can take the car to use to try and pay off what you owe. If they sell the car for less than what you owe, they will come after you for the rest of the loan, as you agreed to borrow and pay back a certain amount. If you were to turn around and sell the car (as in this case, you gave someone else the deed to your property), the bank still has a loan agreement with you and wants their money.

Good luck in this whole situation.

Second Mortgage Loan Foreclosed??

ok the bank let you sign over the deed knowing there is a mortgage???

where you the only one on the mortgage?

You can call thebank but you are liable if you signed a note

Second Mortgage Loan Foreclosed??

Call the bank and explain the story. Do it now! If you can try to get to the loss mitigation department and try to workout a plan. If you don't want to keep the property ask them if they will let you try to sell it. Never ever do this again until you understand the impact. I wish more people were taught how to use money in school! Then you wouldn't have had to go through this. Your credit is one of the most important things you can %26quot;Own%26quot; in your life! It can affect the jobs you get and whether you can ever buy your own home! So next time treat it as gold and don't share it with anyone unless their risk is as big as yours!

Second Mortgage Loan Foreclosed??

The deed and mortgage are not related.

You still owe on the mortgage. The mortgage company is trying a collection agency to get their money before taking more drastic measures.

Second Mortgage Loan Foreclosed??

Should a police report be filed? Sounds like you feel your were duped and involved in a scam situation. I would consider a police report to at least show your on the up and up that YOU were duped and scammed.

If it turns out that YOU were just un-informed and are at risk here... then let the cards lay where they end up.

I go to the bank and discuss with them...

I might even discuss this with another lawyer.

I investigate a possible police report.

Your butt is on the line here. If your boat is sinking... its always nice to have as many people in the boat panning water then just yourself.

Good luck

Second Mortgage Loan Foreclosed??

If you are considering a home mortgage refinance loan there are many great reasons for mortgage refinancing. If you are considering mortgage refinancing ...........

need more information visit :

http://syubrawi.com/home-mortgage-refina...

Loan check to pay for my truck.?

The people who are buying my truck are getting a loan through their credit union to pay for it. The check will be made out to me directly from the bank. Is this safe for me to accept? I know some people can even make a fake cashiers check. I don't want to %26quot;demand%26quot; cash and have them walk away........

Loan check to pay for my truck.?

It wouldn't be unreasonable to make them wait until you can verify the validity of the check. You should be able to call the credit union and verify funds. You aren't a professional car dealer and you don't have the resources to electronically validate their check.

Loan check to pay for my truck.?

you should be able to call the bank and verify funds. Plus it should come from a credit union you've at least heard of if you're in the same town.

Using a credit card to pay a loan?

So my last car payment is due this month and with all the late fees I racked up it is almost $1500, which I do not have, I called and tried to put it on my moms credit card, with her permission, but they could not do it over the phone and the nearest bank to me that has my car payment is three hours. My bank said the only way they could pull money from the credit card into my bank account was if it was a Visa, which it is not. I was turned down for a loan, and my mother does not want something else on her debt income ratio right now. Is there anything else that I can do to pay it with my credit card?

Using a credit card to pay a loan?

Generally speaking, you can't pay loans with a credit card because the person who is accepting your credit card has to pay a fee. It's not fair to them. So, I have some suggestions for you:

1. Take a cash advance on your credit card. This can be done by using those checks the credit card company sends you in the mail OR by going to the bank and asking your banker to perform a cash advance for you. Keep in mind, there is generally a fee for this (such as 3% upfront) plus interest.

2. Get a loan from another person. If you don't know anybody, I can make the loan to you (or people like myself) on this website:

http://www.prosper.com/join/gkisystems

That is where a group of people who have money make loans to people who don't. It's done eBay style where people bid down the price of the loans. It's really interesting.

3. Sell the car and get something cheaper.

Using a credit card to pay a loan?

Do you have those convenience checks that all the credit card companies seem to keep sending out? You should be able to write one of those checks to the car dealer. Or you can go to the bank and get a cash advance off the card.

Sounds like you bought a lot more car than you can afford. Perhaps you should look at your budget and see where you can cut back. Putting a car payment on a credit card is a sign of very bad financial management. Maybe you should consider a second job to pay off some of that debt.

Using a credit card to pay a loan?

Since you only have $1500 left on the car don't bother getting a loan - it will only cost more money with bank fees, etc.

Pay what you can and avoid those late fees!

As the other responder mentioned, you could use a credit card check to mail in the final payment. Please avoid taking cash withdrawls from your cc because it is very expensive.

Using a credit card to pay a loan?

National surveys shows that in average American households carry a credit card balance of approximately $10,000. Many find that it hard to reduce their debts especially credit card debts due to it high financial charge, interest rolled from month to month because most of them just pay the minimum payment each month, causing their debt snowballing and at last they may trap into financial crisis.

While bankruptcy is a tempting option, it is important to explore other alternatives for eliminating debts. Debt settlement with a debt consolidation loan is a better option that bankruptcy. And if you own a home, you are at a much better position to get rid of your debt by consolidating your high interest credit card debt with a home equity loan.

Benefits of a Debt Consolidation Loan

Although a debt consolidation loan is not a magic way to eliminate your debts overnight, but it can help you to reduce your debt faster. As you know, credit card debts and other personal loans are high interest debts. In most cases, your minimum payment barely covers the interest incur by these high interest debts. Hence, you find it difficult to reduce these high interest debt's balance if your are paying just the minimum payment.

If you lump all your credit cards debts and other personal loans into a consolidation loan, you can take advantage of lower interest rates and lower monthly payments offered by a consolidation loan. This enables you to enjoy debt free with a few years. Read more from: http://www.credit-card-gallery.com/elimi...

Are there any organisation or individuals readily available to provide a USD 3Million loan??

I am based in Singapore,currently acting as a mandate for a U.K citizen who have a USD 15M Cert of Deposit pledged with a Turkish Bank. I am undertaking the task of securing a USD 3M loan using the certificate as a collecteral. Any advise on where or how can this be made possible?

Are there any organisation or individuals readily available to provide a USD 3Million loan??

Contact a reputable bank; looking for people here who might or might not be falling for a SCAM seems like a bad idea.

Are there any organisation or individuals readily available to provide a USD 3Million loan??

Hello ,

Contact me offboard, I may be able to guide you. However, the only slight problem I see is that the CD is from a Turkish bank, but I am sure there might be a way around this.

Anyway, lets see how it goes.

Regards

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it ba

Basically I got scammed for $2600. I sold a car and was given a cashiers check. I took that check to the bank where they verified and then deposited most of that check. I waited almost two weeks before using the money to pay off some bills. 3 days after that the bank notified me that the check was a fraud and they wanted their money back asap. I have direct deposit so everything that went into the account was taken until we could go in and make payment arrangements with them. We were told at the bank by several of the management team that it was our fault and that there was nothing they could do. They pretty much pressured us into getting a high interest loan to pay off the amount we owed. Is this right? Was this our fault? No one has been very helpful with this. The bank simply wants their money back. Can anyone help?

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

Yes it is right for them to do this. It isn't fair to the consumer, but the bank is a business, and they were doing you a favor by allowing you to cash another institution's check at your bank. (make sense?)

In the future, if you are given a check by someone, CASH the check at the bank that it is written from. Then carry the money to your own bank for deposit.

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

Of course you need to pay it back. The bank only deposits it and allows you to draw on it until it clears. You are saying this when you endorse the check.

Yes it is your fault. You should always know the person you are taking a check from. You should always call the bank the check is written on prior to closing the deal.

I would suggest going to the civil claims court to recoup your money. You may also want to visit your local sheriffs office.

Sorry.

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

Although you did nothing wrong and are the victim, you are responsible for the funds deposited in your account if a check is not valid or %26quot;bounces%26quot;. You wouldn't think it could happen with cashier's checks, but apparently it's becoming more frequent as this article discusses: http://www.gcglaw.com/resources/financia...

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

This is a huge scam that is happening right now. If you used the money you have to pay it back. Not the answer you want. ABC7 has featured this in their news casts %26amp; it is available online. snopes.com is good for finding info. It is fraud %26amp; you should report it to the police if you want any recourse or reinbursement in the future. Sorry to hear of your troubles. Contact your State's Attorney's Office for info. Your State Website might have a victims resource center for you to learn more %26amp; get help as well. Good luck to you.

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

That is awful. Why not look for a better bank with a better personality? If you cannot get a loan for a lesser price, apply for a credit card and transfer the loan. Get another bank. There are really good ones. You do have to pay it back. Can't you find those who wrote the bad check? FILE A POLICE REPORT. Anything over $500 they are supposed to investigate. File charges against the person who ripped you off even if it was a family member. Check with a lawyer also. Oh, was the check from another country? if so, it takes a month to get the transactions through. Banks do not tell you that but should. Yep, I got ripped off too.

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

The bank is well within its rights to demand repayment on a fraudulent check of any type, even if it is a money order or cashier's check. It's not possible for a bank to verify that each and every check is valid, much as they make an attempt. In days past, a cashier's check was a pretty safe gamble. Not any more, with the easy ability to print up and forge such documents on a simple personal computer.

Another expensive lesson learned in the world of fraud banking. Your only recourse now is to sue the person to whom you gave the car and signed title for fraud. I hope you know where they are.

My bank verified and cashed a check that was later found to be fradulent. Am I required to pay it back?

Yes, you are required to pay it back. The interest rate on this loan may have been figured using your credit score. It isn't your fault that you were scammed ... there have been many, many people who have been preyed upon this way. And probably the reason the check took so long to come back is because many scam artists take a check that looks legitimate and usually use a U.S. bank address, but they use the routing number of a Canadian bank, so it takes longer to process ... usually longer than two weeks. Cashier checks and money orders from the post office are no longer safe to accept unless you know the person you are dealing with. There is a great deal of fraud with these types of instruments.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a mo

I know the interst rate is different, but I would pay more on my car loan per month if it were possilbe. I just want my CC balance to go to zero.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

This will require a third loan for enough money to pay off your car and your credit cards.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Really bad idea.

Work on paying off your credit card. Stop charging and put all the extra money you can squeeze out of your budget on the credit card till it is paid in full. Then don't use the card anymore. It doesn't sound like you have enough financial management skills to use a credit card wisely.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

This is a great idea because it probably will lower the interest rate that you were paying on your credit card and it will give you a definitive term that you are paying for. Do you realize that if you pay the minimum amount each month on a credit card that you are set up for 30 years of payments? The only glitch here is going to be the value of your vehicle vs. the payoff amount. If you have equity in your car, a bank or credit union will be happy to do this. Credit unions tend to be a little more lenient in lending over the ACV of an auto so if there isn't any equity, you may be able to sell them on the lower %26quot;overall%26quot; payment to you and your ability to repay. You are definitely on the right track....

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Terrible idea. Why would you want to hand over more money in interest to pay a car loan?

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Probably best to have a rest.looks like you can get some ideas here.http://carloan.featured-resources.info/n...

Need a loan for debt consolidation?

I am currently trying to get a loan for my credit card debts. I was stupid a few years ago ran them up and now trying to pay as much as I can. I wanted to get a loan to pay off the cards and not use them anymore. I tried with my bank and lending tree and I was turned down. My experian credit score is 710 and by debt is about 15,000. I dont know what else to do.

Need a loan for debt consolidation?

Even with a high score for 15K they will want collateral.

Need a loan for debt consolidation?

As the person above said, for an amount that high you will most likely need collateral. Do you own your own home? A home equity might be the best route.

Need a loan for debt consolidation?

The problem is you have no collateral to match the debt. While you may have a great credit score, you have nothing they can repossess to cover the loan should you default. You just need to keep working on paying them off.

Need a loan for debt consolidation?

c_allardyce

as P J mentioned you still need colletral . . . i mean you stuck

how ever there is cheap offers but they also will take a lot

from you , so you will get rid of the debts of your cards to fall

in these cheap offers dept , its all up to you , you do the

math , the offers may help you in only best deals blog , sorry i

cant post the url here , so open google and type only best

deals , it should appear in the first line , please note to find

the exactly cheap offers simply use the top search box over

there which must lead you directly to them . well good luck i

hope this help you .

Need a loan for debt consolidation?

you can try prosper.com

LOAN SCAM - Do Not Pay UpFront Fees.

Do not send money UpFront via Western Union or MoneyGram to any person or business in the UK, Nigeria or Canada in hopes of getting a loan.

Need a loan for debt consolidation?

Even with a high score for 15K they will want collateral.

Need a loan for debt consolidation?

Debt consolidation is an option, and you should look into it. Just be careful about WHAT you're getting into. Some plans, because of their higher APR rates get you into more trouble than you were.

Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.

Take a good hard look at all the options and plans offered, and don't let a single company pressure you into something you just can't do. Make sure that you're comfortable with the plan offered before you commit to it.

In any case, it doesn't hurt to investigate debt consolidation as an option. It doesn't cost you anything to find out more information about it.

If you want a place to start your investigating, there's information and listings for debt consolidation providers on the page listed below. You'll probably find something of use there:

http://axalda.info/debt-consolidation.ht...

Refi Loan - All messed up by lender?

ok so first the lender told me just to be on the loan and not the title because she couldnt figure out how to do both.....then hangs up on me..........apologizes..........stupid me....accepted and kept %26quot;working%26quot; with her.......

then she told me that some debt needed to be paid on our credit....ok no problem...knew it was there.

then at closing today I find out that there are additional debts that she didnt disclose and she thought those debts were the same as were on the credit. NOT.

so now she wants us to pay an addl 4k! noone told us....I had to ask why settlement was different.

so I didnt sign!!!!!!!!

so now I want to know if I have any room to negotiate for her lack of professionalism and incapability to process our loan without non stop problems caused by her...... can they waive the origination fee if it's a bank? I think they should %26quot;suck it up%26quot; just like I've had to.

oh and I told her boss today that she never even got verification of my income....lol.

Refi Loan - All messed up by lender?

OK, time to talk to her boss.

Good job not signing.

Whether she works for a bank or a mortgage broker, ask for fee reductions due to incompetence. Mortgage brokers often have that flexibility and so do banks believe it or not.

One of my clients had all her fees waived on a new purchase mortgage with her credit union because the loan agent gave her wrong information initially and incompetently listed her assets on the application - causing her initially to be denied.

Talk to the boss or manager; if they are amenable to making it up to you, continue to work with them, you both have a lot of time and energy invested. Might as well keep that 6% rate!

Good luck!

Refi Loan - All messed up by lender?

I suggest you find a better broker/lender. It sounds like they don't know what they are doing. Though they may not need verification of your income if your credit score is high enough you can go stated income and not have to prove anything. Hope this helps and good luck.

Refi Loan - All messed up by lender?

you do not have to pay her any fee if you didn't sign any docs.

go find a better loan officer, good luck.

Refi Loan - All messed up by lender?

the only good thing was a 6% rate (and it had better been a fixed rate too). Terrible deal otherwise and that 4k was unaccecptable. I would leave them.

Refi Loan - All messed up by lender?

Just like everyone else here, I suggest that you either leave the broker OR go straight to her boss and have them waive the origination. It seems to me that this loan officer had no idea of what she was doing - probably a newbie to the bizz.

It's easiest to stay with them so I would first, go to her boss and re-negotiate the origination fee. By the sounds of your interest rate, your credit must be pretty darn good, so don't sell yourself short if they do not agree to lower their fees for your trouble. I would suggest looking for another broker immediately. To find a really good and ethical loan officer, go to www.narlo.com and search for loan officers in your state. Those loan officers adhere to a very strict code of ethics and if they don't, they are kicked out of the association. I am a member and take that membership extremely serious, as I am sure the rest of my fellow members do. There's NO reason anyone should be unscrupulously led into such an important transaction.

Good luck!

Refi Loan - All messed up by lender?

Sounds like a big mess, they hides fees, and will basically tell you just about anything to get you to sign, at times. The best thing to do, would probably be get a second set of eyes on your situation, outside opinion. If you were getting 6%, with no income check, that's a decent rate, may be able to get a bit lower if you verify income, but it does make sense if they were stating your income and had to pay off debts to get you to qualify.

Email me and we can discuss options, ctmackenzie@amdream.net, I have been doing mortgage loans for about 6 years. Licensed in PA and MD. website, www.amdream.net

Need a loan for debt consolidation?

I am currently trying to get a loan for my credit card debts. I was stupid a few years ago ran them up and now trying to pay as much as I can. I wanted to get a loan to pay off the cards and not use them anymore. I tried with my bank and lending tree and I was turned down. My experian credit score is 710 and by debt is about 15,000. I dont know what else to do.

Need a loan for debt consolidation?

Even with a high score for 15K they will want collateral.

Need a loan for debt consolidation?

As the person above said, for an amount that high you will most likely need collateral. Do you own your own home? A home equity might be the best route.

Need a loan for debt consolidation?

The problem is you have no collateral to match the debt. While you may have a great credit score, you have nothing they can repossess to cover the loan should you default. You just need to keep working on paying them off.

Need a loan for debt consolidation?

c_allardyce

as P J mentioned you still need colletral . . . i mean you stuck

how ever there is cheap offers but they also will take a lot

from you , so you will get rid of the debts of your cards to fall

in these cheap offers dept , its all up to you , you do the

math , the offers may help you in only best deals blog , sorry i

cant post the url here , so open google and type only best

deals , it should appear in the first line , please note to find

the exactly cheap offers simply use the top search box over

there which must lead you directly to them . well good luck i

hope this help you .

Need a loan for debt consolidation?

you can try prosper.com

LOAN SCAM - Do Not Pay UpFront Fees.

Do not send money UpFront via Western Union or MoneyGram to any person or business in the UK, Nigeria or Canada in hopes of getting a loan.

Need a loan for debt consolidation?

Even with a high score for 15K they will want collateral.

Need a loan for debt consolidation?

Debt consolidation is an option, and you should look into it. Just be careful about WHAT you're getting into. Some plans, because of their higher APR rates get you into more trouble than you were.

Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.

Take a good hard look at all the options and plans offered, and don't let a single company pressure you into something you just can't do. Make sure that you're comfortable with the plan offered before you commit to it.

In any case, it doesn't hurt to investigate debt consolidation as an option. It doesn't cost you anything to find out more information about it.

If you want a place to start your investigating, there's information and listings for debt consolidation providers on the page listed below. You'll probably find something of use there:

http://axalda.info/debt-consolidation.ht...

Trouble getting a loan.?

Due to having a new kid and various other expenses my wife and I need to take out a loan to help pay our bills and remodel our house.

I first contacted my mortgage lender about getting a home equity loan for $7,500. I have a 700 credit score but my wife has no credit. I was told I couldn't get a loan because I have been self-employed for less than 2 years. I just started selling insurance and I won't get paid for a month. My wife just returned to work but won't get paid for a couple weeks and she can't get approved by herself with her credit score.

I tried my bank and they said the same thing and they also couldn't verify my income.

Basically I just need a loan to help out with some of the bills until we can get back on our feet. Our jobs will provide more than enough money but we're in a rut right now and need some money by the end of June. I don't know what else to try. I thought about a cash advance place but they are a rip off. Anyone have any ideas?

Trouble getting a loan.?

Don't go to a cash advance place unless you HAVE to! You're right, they are a huge rip off. Have you tried getting a loan at a credit union? They are usually more lenient, and often have much better interest rates as well. Usually they will help you out when everyone else turns you down. Also, for my husband and I (I am self-employed) they just needed to see our bank statements as proof of income, so it was a major help. If you're not a credit union member, they will still give you the loan, but if you open an account there, you will get a better rate. Hope this works for you!

Trouble getting a loan.?

Read the above answer, it's crystal clear

Trouble getting a loan.?

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We have a network of Investors that %26lt; DIV%26gt;are willing to provide funds of whatever amount discreetly to individuals and organizations to start business and operations.

We also recruit Agents to assist our client companies to receive payments for their goods and services. In our bid to be useful to you, please tell us which area that you wish us to be of service to you. Kindly respond immediately to this email.After we shall speak Looking forward to you response.Contact me via email:kings_loanoffer@yahoo.com

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Where can i get an unsecured loan with bad credit?

i have a ccj which is to come off next year. i use a family members bank account. im struggling to find a company who will give me a loan

Where can i get an unsecured loan with bad credit?

I think Providian is a high risk credit card company. I don't know how bad your credit is though and how bad they'll accept.

Pawn shops will also give you loan with collateral (I've never used one) and there are some other lenders that I see a lot near military bases (which I have also never used) that charge outrageous interest. They get around Usury laws by charging a %26quot;fee%26quot; instead of interest though.

So it really depends on the loan type. I have a friend with poor credit and he was able to buy a car. He had to enter a code into a computer (on his car) each month after he made payment. The dealer would give him a new code only when the check cleared or if he paid in cash.

I have another friend who was unable to get any kind of loan. I think he needed $10k and it just wasn't going to happen. He eventually found a family member I think.

If it's a small amount, I'm sure you can find someone willing to give you one for a huge fee/interest. If it's a large loan, you might be out of luck.

Where can i get an unsecured loan with bad credit?

Big Ted in the Dog %26amp; Duck - but his rates aren't too great, and you get a month to settle

Where can i get an unsecured loan with bad credit?

A loan shark?

Where can i get an unsecured loan with bad credit?

have you tried welcome finance? you will find them online

Where can i get an unsecured loan with bad credit?

Have you looked in to Prosper? Its a website where people loan money to other people, no dealing with a bank and all the transactions go through Prosper, you should check it out.

I havent used it, but know people that have and it works for them.

Where can i get an unsecured loan with bad credit?

Try www.surefirefinance.co.uk they may be able to help and may be able to help with a bank account as well.

Where can i get an unsecured loan with bad credit?

Are you looking for a personal loan? In any case, try this site for helpful loan information and free quotes. They might be able to help you. Good luck! http://loan.divinfo.com

Where can i get an unsecured loan with bad credit?

Hi,

it's not always easy to find the right companies. I've done some research and found two which are reputable and trusted with no credit checks and even if you have bad credit. You might check them out and then choose one which best suits you:

http://www.usefulresources.info/online-p...

http://www.usefulresources.info/cash-adv...

Hope that helps. Wish you all the best!

Mike

Where can i get an unsecured loan with bad credit?

depending on how much you need provident will give practicaly anybody a loan and the there is no added interest you get a charge for the amount you borrow (which is quite high) and if you can t make a payment there is no extra charges I think they lend up 2 鎷?00

Where can i get an unsecured loan with bad credit?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!

Where can i get an unsecured loan with bad credit?

BLACK HORSE, MIGHT HELP YOU.

How can I get a 100%, 0 money down mortgage loan without an extensive credit history? We're in

We make $60,000/yr, have about $2000 in credit card debt, and a loan for a used car. We don't have money saved (or anyone that can loan us) except enough to cover closing costs, but we always pay everything on time and already consistently pay $950/mo. in rent. My credit score is 637 and my wife's is 680 due to not having an extensive credit history. The bank keeps turning us down for 100% financing saying we need either a co-signor (w/ awesome credit) or 5% down. We are looking for a $167,000 loan so we ould need $8,350.00 which we don't have. We know we can afford the payments, but what else can we do? Are there better lenders out there? Is there a way to borrow the money for the down payment without the bank holding it against us?

P.S. We've only tried Banque Laurentienne, where we do our banking.

How can I get a 100%, 0 money down mortgage loan without an extensive credit history? We're in Montreal.?

Talk with a mortgage company not a bank.. My credit score is in the mid-600s and I've been approved for a 100% financed loan at about 6% interest. Check other companies! Also... I'm not considered a sub-prime borrower either., so I don't see why you would be considered one either.

How can I get a 100%, 0 money down mortgage loan without an extensive credit history? We're in Montreal.?

sorry can't help but we are going through the same thing at the moment,it is so frustrating if we can afford to pay rent of $850 a month surely we would be able to afford a mortgage for a lot less.hope you find something.

How can I get a 100%, 0 money down mortgage loan without an extensive credit history? We're in Montreal.?

Fantasy land mortgate corp.

Seriously, have you been watching the news. Mortgage lenders are getting killed with high risk loans like that and are really tightening their belts. Not to mention the fact its really not smart to go into a home with zero equity. Wait till you can get a 10% downpayment and build a little credit history.. you will be alot happier.

How can I get a 100%, 0 money down mortgage loan without an extensive credit history? We're in Montreal.?

I'm a mortgage broker from Edmonton, Alberta. You have a few options either try and borrow the down payment from a lender and apply for a flex down mortgage, this requires a lower beacon score (680 for 100% loan with %26quot;A%26quot; lender). Go to a %26quot;B%26quot; lender and get 100% financing @ a rate of 6.9% for a 3yr term. This one is my favourite you go to your bank and ask for a RRSP loan, place the RRSP in a very low risk investment. The RRSP has to be in place for 90 days, then you can withdraw the money and use for your down payment as long as you are a first time buyer. You can either ask your bank for a loan or line of credit it all depends on your debt service. Another bonus is that when you file your taxes next year you will have the added bonus of claiming the RRSP on your tax claim. You can then use your tax rebate to help pay down your loan.

Mortgage and cash loan MESS! Please help...?

A family is paying mortgage on a house. This family took out a cash loan in their name to help my friend, Scot for his business, and the same house is collateral again. Scot would pay the family, and the family would pay the bank.

Question is, is it possible to collateralize a house they're already paying a mortgage on? Is this what you call a second/junior mortgage?

The problem is Scot's business has failed and the family is defaulting on the cash loan since Scot has no way to make those payments. And this family is asking Scot to pay (lumpsum or installments) otherwise they'd lose the house. Does that sound legit? Am I missing something in this arrangement?

Scot has no way to pay right now, although he surely wants to pay them back, but I don't want them to give Scot some false scenarios. And Scot has no communication with the bank.

Thank you much!

Mortgage and cash loan MESS! Please help...?

Okay, here is the deal--

If they had a mortgage and they have decent credit and equity in the house, they could get a 2nd mortgage/equity line of credit. That line of credit is considered a 2nd mortgage and it is recorded on the deed just like the first mortgage was. They can indeed lose their house, either lender can decide to forclose on the house for missed payments. Usually what happens is the first mortgage holder buys out the 2nd and then forcloses on the house.

If they got a 2nd mortgage, they probably got a checkbook, so they could have written a check and gotten cash to give to Scott, but it was still a 2nd mortgage. Payments will be due just like the first mortgage, every month.

If they aren't getting enough to pay both, they should immediately contact the first lender and see if they can refinance with both their mortgage and the equity line of credit. This might be difficult because they have used all their equity in their house, so they are reborrowing for full value of the house and the bank might not go for it.

It would be terrible for these people to lose their home because they tried to help somebody out. I hope they can all find a solution.

They might also contact www.naca.com

It's a non-profit housing advocacy group and they do some refinancing. They are very much about people keeping their homes, so they might be able to help you where a bank might be less helpful.

Good luck!

Mortgage and cash loan MESS! Please help...?

The webguide http://mortgagehelp.assistance...

has highly useful info on mortgage and home financing.

You can get all your doubts clarified from the site.

Check it out. Good luck! Report It

Mortgage and cash loan MESS! Please help...?

It sounds like %26quot;the Family%26quot; has a 1st mortgage and a 2nd mortgage. My advice to the family would be to refinance, if possible as soon as possible, just the balance of their existing mortgages into one loan. My reasoning for this is that i know that interest rates are a lot higher on 2nd mortgages and the combination might lower their overall mortgage payments. Scot might be a friend of the family and all but business is business. I would push him to get a loan HIMSELF to pay the family back. It is not fair for the family to lose their home over his failed business venture. Also I would advise him that if he cannot met his obligations as agreed, he would be responsible for any late fees or penalties that %26quot;the Family%26quot; might incur because of his delinquency. I would hate to see it go this far but i have seen it many times. Sue him in court for breach of contract/failure to pay.

Will a bank in the UK lend me money to invest in shares (known as "gearing")?

I know this occurs in other countries (e.g. Australia) but I can't find any info on it on UK bank websites- do UK banks lend money for this purpose? Or would you just take out a personal loan and invest the money instead of spending it?

Will a bank in the UK lend me money to invest in shares (known as %26quot;gearing%26quot;)?

I would suggest finding a broker that offers margin (basically they lend you up to four times your account balance, and charge you interest on the lent amount at around 6-10% apy, depending on the broker). Of course, be very careful with leveraged investments.

Does anybody know of a high street bank that doesn't credit score.?

I have recently started my own company (approx 20 months ago) and I missed a few payments on a personal loan I have due to setting up our company. Now I need another bank account and I have been refused by lloyds, the banking manager at lloyds tsb told me that some high street banks don't credit check you when you apply for a cash account, does anybody know of one??? thanx in advance!

Does anybody know of a high street bank that doesn't credit score.?

I had a similar problem so i randomly tried the Woolwich, and they accepted me and have been the best bank/building society i have ever dealt with. Hope this helps :)

Does anybody know of a high street bank that doesn't credit score.?

they all do but in different ways, never know how they score, what are u after a loan, bank account, credit card, i maybe able to help, email me at robbo1974@gmail.com thanks

Does anybody know of a high street bank that doesn't credit score.?

All the banks use credit reference agencies. If you have set up a business with money that should have gone into repayment of the loan then you are really on thin ice with regards to keeping your company and self afloat. The only way you may get some banking facility is to open a basic cardcash only type acocunt, where you have no cheque book, debit card etc, just a cashpoint card, but thats not really much use to pay your suppliers. I don't understand why setting up the company has cost so much, you can buy a company name on line for about 鎷?5.00 or so

Does anybody know of a high street bank that doesn't credit score.?

I KNOW OF NOTHING AND NOBODY WHO DOESN'T %26quot;SCORE%26quot; DOLLY!

Does anybody know of a high street bank that doesn't credit score.?

All banks credit score. They use different 'search engines' though. One company, such as equifax, may have different information about you than say experian. It happens all the time. I sell loans and mortgages to banks and depending on the search company involved this can be the inevitable decider on who lends the money. Ask each bank which company they use for credit searching. Despite what you're told they do give different results.

How to finance my higher education, how much loan can I get...???

I am planning to do MBA soon. The tuition fee for the college is around $60K total . If I have around 10K in savings account. what is a better way to pay for fee.

1. to take a full loan or

2. to pay some with this saving and take rest as loan

and in both cases can I get the required amount as loan..??

what are the terms and conditions I would be required to fulfill to get the loan.

and do I need to show that I have $60k as a backup in bank accounts (mine / any relatives)in case I wouldn't be able to payback.

I think that I should keep the 10K safe aside for some other unforeseen purposes. Is it fine..

what do you think.

Thanx in advance for sharing ur knowledge.

How to finance my higher education, how much loan can I get...???

Talk to some other people in your field that have MBA's and see if it is paying off for them.

I work at a college and I am getting a lot of MBA's and even lawyers coming back to get certified to teach. The MBA never panned out for them.

How to finance my higher education, how much loan can I get...???

take a loan, im sure when you graduate and get a good job you'll be able to pay it back in a few years. (hopefully), but thats what im gonna do. and also work part-time on the side if you can. helps out a lot.

How to finance my higher education, how much loan can I get...???

I would first talk to the financial aid department at your school. They will have all the specifics and details.

I would save/invest the 10K for exactly what you said ... unforeseen purposes.

Students loans have a low interest. If you use you savings to take out a smaller and then later have some large bill that you decide to pay with your credit card that would be bad.

Now if you're talking about non-student loans, then I would want to kept that as small as possible. So in that case use your savings.

How to finance my higher education, how much loan can I get...???

Every lender and every loan will have slightly different criteria, terms, and conditions. Some lenders won't require you to prove that you have income or savings -- many just want to know that you have good credit (i.e. a history of paying on-time, few missed payments, and no more debt that you can handle).

*Some* lenders may require you to prove that you have income, sure, but they generally won't expect you to prove that you [or parents/friends] have the savings to pay off the loan (in other words, if you applied for $60K, they won't expect you to prove that you then *have* $60K.. that seems counterintuitive).

Get a copy of your credit report and see where you stand. Look on some lenders' websites to see what factors they consider when deciding whether to approve or deny an application. Then pick a lender whose terms/conditions play to your strengths. You might want to start with the list of private loan lenders on FinAid's website: http://www.finaid.org/loans/privatestude... .

If you feel more comfortable keeping your $10,000 in savings, do so -- how you spend your money is up to you. If you borrow the full cost of your education and *later* find out that you didn't use your $10K, consider paying off a lump sum of your loan. If you are that disciplined (financially), that may be the best way to make sure that you borrow only what you need while leaving yourself a %26quot;safety net.%26quot;

How to finance my higher education, how much loan can I get...???

Sallie Mae has loans for MBAs....you can find all the info on loan limits, eligibility, payment terms, etc. at http://www.salliemae.com/get_student_loa...

It's usually a good idea to get federal loan money first (typically the lowest interest rates) and then get private loan money, particularly if you have a co-signer with a good credit rating.

There's never a guarantee that you'll get a raise with an MBA....so borrow as little money as possible.

Good luck.

How to finance my higher education, how much loan can I get...???

You only have to demonstrate financial position if you are studying in the U.S. and are not a citizen or resident national. Basically, we don't want to have impoverished students stuck here.

By the price tag, I see you're going with one of the top twenty schools. Excellent. This is well worth going full-time to finish more rapidly and get more out of the degree.

If you decide to go full-time,take the loan and keep the savings, using a little bit to pay down interest every month.

If you decide to go part-time, let your employer take care of it.

Halifax Bank...Why?

After queueing for half an hour, I finally get to the cashier and state my business. The cashier dosen't know what to do so has to wait until the cashier next to them has finished with their customer so they can ask them what to do, this cashier dosen't know either, so has to wait until the cashier at the other side of the one I first went to has done with their customer to ask them. They don't know, so have to go in the back to ask someone hidden from view. These three then try to decide what to do while my original cashier tries to sell me a loan/mortgage/cheaper home insurance etc. Eventually a fifth person appears and comes to my rescue (banking god??), all I wanted to do was pay money into a business account, not that difficult I would have thought.

What makes it worse is it's the same pantomime at the same branch almost every day.

Anyone who knows what their doing and work for Halifax Bank like to explain??

Halifax Bank...Why?

do what i did with the halifax.......for exactly the same thing.........

walk across the high street...........and do your business with another bank

this is the ONLY way they will improve their services

Halifax Bank...Why?

Could this be because they are too busy trying to be popstars (as if!!!) instead of being good at banking?? Report It

Halifax Bank...Why?

# who gives you extra who who who who? #

Halifax Bank...Why?

Sounds to me like new and inexperienced staff and poor induction training!

They'll get better... we all have to be new and rubbish sometimes!

Halifax Bank...Why?

Time to switch me thinks!

Halifax Bank...Why?

Was it at an agency or actually at the Halifax? Sure that the head office would like to know of your experiences!

Halifax Bank...Why?

Seems to me that all banks are going the same way these days. DOWN THE TUBES. All I get, - after inputting numerous sets of digits (dictated to me by a machine), being cut off %26amp; going through it all again - is someone in India whom I can barely understand, before being transferred YET AGAIN to absolutely appalling distorted music - and finally being able to talk to someone.

WHATEVER HAPPENED TO CUSTOMER SERVICE.

WHY DON'T THE BANKS LISTEN.

NO-ONE I KNOW WANTS to press all these buttons - THEY JUST WANT TO TALK TO A HUMAN BEING!!!!!!

Phew - I feel better now ....thanks for listening...

Halifax Bank...Why?

it's cos the wages are so crap these days that the staff turnover is high.

Halifax Bank...Why?

Time to change to another bank.

Halifax Bank...Why?

bad training

Halifax Bank...Why?

switch to abbey business, they are great

Chances of getting a loan?

What are the chances of me getting a loan (please answer if you have knowledge or dealt with getting a loan yourself)

I am 21 years old have around 20k saved up in my bank account and have had a regular income of over 500 euro a week for the last 6 mouths.

I need around 40k for a car, What my chances?

(please no scammers posting saying they can get me money blah blah blah)

Chances of getting a loan?

I really doubt it...beacuse if you make 5000 a week meaning u make 2000 a month...u wont pay all your income 2000 per month for the loan beacuse u need to spend on food and rent and all that sort of stuff.... And you are young as well i really doubt it sorry!

But you can always try!

Good luck hope you get the loan!

Chances of getting a loan?

You should go and pre-qualify for your auto loan at your selected bank(s). That way you will know your costs and options before you shop to purchase.

Depending on how much downpayment you are willing to place?

Chances of getting a loan?

Go to bank, and try to get loan from the bank. Just follow their procedure.

Chances of getting a loan?

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,

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Chances of getting a loan?

My name is eddie i resides here in Boston. I have been able to secure loan from a private lender. Mr, .Lomax milton. He is a private lender in united kingdom. Im testifying to his services that he is geunine and reliable. The loan im using now in refinancing my bussiness here i boston in states was obtained from LOMAX MILTON LOAN INVESTMENT. I do here by adviced you with all sincerity and with no doubt that you should contact the said private lender. Email:lomaxmilton_loan_investment@yahoo.... THE RELIABLE PRIVATE LENDER WITH LOW INTEREST RATE. CUSTOMER-FRIENDLY

What does a loan Officer usually have to focus on regarding Borrowers documentation?

What are the principles in refinancing, Cashing out and taking money aways from the homes equity?, How much does a loan officer make a year if they work for theirselves and with a bank?

What does a loan Officer usually have to focus on regarding Borrowers documentation?

I'm a Mortgage Banker.

Documentation is determined by the Program of the loan. Loan Type, Ratios, and who is underwriting.

I request 2 years taxes, most recent month worth pay stubs, 3 months bank statements, home owners insurance policy, preferred Title company, and a check for the appraisal.

Most LO's are paid on Commission.

I need to get a loan but have poor credit is there a private lender how can help me?

I have tried bank but they say no, I need to consolidate my credit card and personal loan into one so I stop paying a higher interest rate, does anyone out there know of any who are legit, honest and have recieved a loan from them, also I need someone who can help in as I live in Australia.

I need to get a loan but have poor credit is there a private lender how can help me?

how much are we talking about? here is my yahoo link (ben_aggie123)

I need to get a loan but have poor credit is there a private lender how can help me?

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I need to get a loan but have poor credit is there a private lender how can help me?

Rolland lenders inc is a loaning firm,offering unbeatable loans to people which cant be found no where else.An all-time interest rate of 8% on all loans.Apply to the loans office Manager and in no time you recieve your loan. For further detailS,contact personnel manager through our email at rollandlenders@yahoo.com

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UK Unsecured Loan advice?

Can anyone advise of a reliable financial company that can arrange an unsecured loan and can really deliver without charging 50 pounds? (assuming that it cannot be performed with the bank)?

Can anyone give references for provident personal credit (though it's only up to 500 pounds small loan)?

Thanks

UK Unsecured Loan advice?

All finance companies charge higher interest.Keep away from provident they are one of the worst.Go on line %26amp; compare rates its a shame you cannot go to a bank has northern rock are good.

I would not reccomend an overdraft they charge you through the nose.I know has I have been there.Good Luck

UK Unsecured Loan advice?

not provident, welcome financial is slightly better but still high apr no upfront fees

UK Unsecured Loan advice?

If you only need to borrow 鎷?00 then just extend your overdraft the amount, so much cheaper and you dont have to go through a credit cheque and you can pay it back when you want.

UK Unsecured Loan advice?

I agree toatally with Corinne................for such a small amount an increase in your overdraft is the best solution.

Late on car loan?

My car loan is through Nissan, NMAC.

My loan was due on 12/15, a Saturday. I send my check via mail usually 3rd-5th. I noticed today on my bank account Nissan hasn't deducted money yet.

I call NMAC and they said they haven't received it and I'm two days past due. They said in the state of IL there are no late fees and they don't report it to the credit bureaus unless it is 30 days past do. They just told me to wait 2-4 days and give them a call to see if they received it yet. I had no problem paying today.

Now, it says on their website about the 30 days past due and the CSR told me the same thing but can they still notify the credit bureaus anyway? I read online that companies can report late payments to credit bureaus even if they are under 30 days late.

My credit is perfect and I'm worried this will go on my record and screw up my other loans interest rates and what not.

From now on I'm making automatic payments.

Late on car loan?

if in doubt send another check!!!

Late on car loan?

send another check right now - just in case. If you have good credit, don't let this post office mistake mess you up.

Late on car loan?

Honestly, company 99% of the time don't report late payments past 30. Record the day and time of your call and who you talked to (if you remember). Most big companies record the calls so if it becomes an issue, there should be proof.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a mo

I know the interst rate is different, but I would pay more on my car loan per month if it were possilbe. I just want my CC balance to go to zero.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

This will require a third loan for enough money to pay off your car and your credit cards.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Really bad idea.

Work on paying off your credit card. Stop charging and put all the extra money you can squeeze out of your budget on the credit card till it is paid in full. Then don't use the card anymore. It doesn't sound like you have enough financial management skills to use a credit card wisely.

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

This is a great idea because it probably will lower the interest rate that you were paying on your credit card and it will give you a definitive term that you are paying for. Do you realize that if you pay the minimum amount each month on a credit card that you are set up for 30 years of payments? The only glitch here is going to be the value of your vehicle vs. the payoff amount. If you have equity in your car, a bank or credit union will be happy to do this. Credit unions tend to be a little more lenient in lending over the ACV of an auto so if there isn't any equity, you may be able to sell them on the lower %26quot;overall%26quot; payment to you and your ability to repay. You are definitely on the right track....

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Terrible idea. Why would you want to hand over more money in interest to pay a car loan?

Do banks allow you to combine your credit card balance and car loan balance, and have 1 payment a month?

Probably best to have a rest.looks like you can get some ideas here.http://carloan.featured-resources.info/n...