This ties back to my previous question, my friends are being told their monthly payments will be around $1200 for a $120K house using a 6.7% interest rate on a 30yr fixed. Seems impossible to me when comparing to amortization tables (I come up with 800/mo).
Some of the answers told me the explanation could [...]
Posts Tagged ‘loan’
What is the difference between PMI and an 80/20 loan?
Is there a more ridiculous question than “How can you afford to eat, but can’t afford to pay off your loan”?
I have a high interest loan with payment protection insurance, which I have had to make a claim on. I had to retire this year, due to a terminal illness, and as I have no income I had to stop payments and claim on the ppi. The insurance claim is taking months to complete, and [...]
Do different banks go by their own Parameters when considering refinancing a loan for a house?
BofA told us that their parameters changed and went lower and therefore we do not qualify to refinance.
Do different companies/mtg lenders go by their own Parameters when considering clients/customers for refinancing? Or is it all the same for lien holders?
Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?
I know that student loan interest can be deducted.
My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?
Thanks!
Morgage Loan with no closing costs and no PMI?
I got a offer in the mail from Bank of America that offered a home loan with no closings costs and no need for private mortgage insurance (which I would need with any other lender because I don’t have 20%).
Now this seems like a great deal, and I read the fine print and [...]
If you have had a loan and have had to make a claim on the insurance, is my experience typical?
I have a loan with high interest rates and expensive payment protection insurance (ppi), which I have had to make a claim on. Earlier this year I had to retire from work after being diagnosed with a terminal illness. After I retired I put a claim in on the ppi and had to cancel my [...]
Which mortgage loan is better: FHA or Rural Development’s Guaranteed Home loan?
My husband and I are buying a builders spec home in Lafayette, IN for $115,000. The home is in a new community that qualifies for USDA loans. We have been pre-approved for a FHA mortgage through Bank of America & a local mortgage broker. FHA was the mortgage we were planning on taking until we [...]
Is money paid to a Personal Loan while I was unemployed taxable to me in 2009?
I have a personal loan and became unemployed in 2009. The unemployment insurance protection I had paid the loan for 8 months for me, today I received a 1099 misc income form from the insurance company and they said it was from the money they paid to the Loan Company. Am I responsible to pay [...]
What is the average cost for private mortgage insurance on a FHA loan?
if the loan was for $93,000?
What are the risks associated with refinancing home loan with a local lender instead of the big companies?
we are in the process of refinancing our home & i recently submitted my contact info online & i’m receiving calls from many of the local lenders, Can anybody let me know if there are any risks associated with the small companies instead of going with big banks like Wells fargo , BOA or WaMu [...]