financing.?
Q. is it going to be good for my credit line by being a co-signer for a car loan? on the finance paper, my name is in the co-signer section and my dad's name is in the first section of the loan. but i am the owner of the car and the registration and the title is under my name. yhnak you in advance for your help.
Asked by smarterchild_usa - Sat Aug 4 21:56:01 2007 - - 2 Answers - 0 Comments

A. Makes no difference. If the car loan isn't paid the financing company will go after both the signer and co-signer and both will get their credit slashed if they continue to refuse to pay.
Answered by bull_rooster_aardvark - Sat Aug 4 22:03:00 2007

How does owner financing affect your credit oppose to financing your home through a bank?
Q. I bought my house by financing through the owner (Owner financing) because my credit was not great. I have never had anything repossesed or any major credit problems. Yet my credit is not all that great. I am wondering if it has to do with not financing my house through a mortgage company.
Asked by Gordo - Sun Aug 31 10:15:09 2008 - - 1 Answers - 0 Comments

A. Chances are that private lenders do not report your loan and payment history to the credit bureaus.
Answered by bud68 - Sun Aug 31 10:51:13 2008

How does financing work if I exchange a used car?
Q. I bought a used car recently but it has had nothing but problems. The dealer seems to be open to exchanging the car I purchased with another one from their lot. However, I wanted to know how financing would work. Can they just amend a certain amount to the contract I current have? Will the second financing pay out the first one? Seriously I have no clue here so any help is appreciated.
Asked by Sasorisa - Mon Jun 15 22:07:10 2009 - - 1 Answers - 0 Comments

A. It will be buying another car and tradeing in your present one. Financing will have to be redone , titles transferred. Depending on how pricing works out you may wind up paying more for the vehicle than you paid for your present car. You will also have sales tax and title fees again.
Answered by FleetTech - Mon Jun 15 22:17:42 2009

How can I get financing for a mobile home that is not on a permanent foundation?
Q. I live at home with my grandfather who is currently running into financial trouble. We live in a doublewide without a permanent foundation. He is willing to sell me the house and his 28 acres of land, but I can not find financing for it. Any ideas on a company that will finance without us putting in a permanent foudation?
Asked by wldwon2003 - Thu Mar 26 16:16:05 2009 - - 1 Answers - 0 Comments

A. try Northpoint lending as a source
Answered by golferwhoworks - Thu Mar 26 17:11:56 2009

What construction financing is available if I have vacant land and an offer to buy a house on that land?
Q. I live in an urban area and just found a vacant plot of land between two townhouses. I am interested in building a house with a cutting edge/modern design and eco friendly features. If I buy the land and hire an architect/engineer to design the structure, I have a few people interested in buying the house before it's built. If I have an offer from them to buy the house, what are my financing options for the construction of the project?
Asked by J.R.H. - Wed Oct 15 10:08:55 2008 - - 2 Answers - 0 Comments

A. Construction perm loan would be best.
Answered by TsionbenJudah - Wed Oct 15 10:15:44 2008

What companies provide financing for a mobile home?
Q. I live in a 1987 doublewide mobile home - its made out of wood not tin. I own it 100% and its valued at $40K+ but it needs work - like new windows and I would love to remodel the kitchen but have yet to find any companies that offer financing. Per the county thats what its valued at - please don't answer if you are ignorant. Its in a park - I was told by my bank they would finance moving it and a piece of land. I just want an improvement loan.
Asked by Candy H - Tue Mar 20 01:10:03 2007 - - 7 Answers - 0 Comments

A. it's not worth 40k. not sure what upgrandes you are running... Marble floors, slate roof, oil paintings, imported tiles?
Answered by C J - Tue Mar 20 01:14:41 2007

How can you offer financing for you products on a website?
Q. If you own a website that sells stuff. How can you offer financing for people that want it? Are there any services other than Paypal? Thanks. This is so annoying. Can't you people read the question? it says how to offer financing? Why are you talking about accepting credit cards?
Asked by Awsome - Sat Aug 23 17:31:42 2008 - - 2 Answers - 0 Comments

A. American Express, Discover, Master Card, Visa, etc. You should leave financing to the experts. Just arrange to accept credit cards for purchases on your website. Getting your money right away and not having to worry about bad debts more than compensates for their fees. Hope this helps Jerry-the-bookkeeper ~
Answered by jerry-the-bookkeeper - Sat Aug 23 18:16:52 2008

What is the difference between financing a car thru a dealership and getting an auto loan through your bank?
Q. I'm purchasing a new car soon and I alaways see specials for financing a car thru a dealership. What is the difference? I was planning on going through my credit union.
Asked by hurleyqtgurlie - Thu Feb 14 09:57:33 2008 - - 3 Answers - 0 Comments

A. It depends on what special financing you are talking about. If you mean the ones advertised on TV, such as 5.9% APR on the 2008 Fusions, this is not dealership financing. True dealership financing comes mostly from buy-here, pay-here lots. This is manufacturer financing and typically there is a cash rebate in lieu of the APR, so find out what your credit union will approve you for, as far as an interest rate. Research the car you are looking to buy on edmunds.com and see what rebates are available to you in your area. Now when you pick out the vehicle, have the sales associate figure payments both ways . Whichever gives you the lower payment is typically the favorable… [cont.]
Answered by The Auto Evaluator - Thu Feb 14 10:11:28 2008

How do I find a financing company to work with our home improvement business?
Q. The business does renovations on homes - kitchen/bathroom updates, adding dormers, etc. But some people aren't able to afford the full price of the renovation up front. How can I find a financing company that would be willing to partner with our business to get loans for the customers?
Asked by Vickage - Fri Feb 8 14:45:10 2008 - - 2 Answers - 1 Comments

A. you nedd a business with an option, try :: No Credit Report required, Bad credit ok :: No collateral required :: No Upfront fee :: Simple Application process :: No set monthly payment :: No Application fee :: Unsecured Money
Answered by Catar F - Sat Feb 9 03:31:55 2008

What are the options for financing a trailer in a trailer park?
Q. I'm a college student and I only make about $600 a month. My friend lives in a trailer park and she told me you can buy a trailer there for only $4000. If I buy one should I try to take out a loan at my bank or are there better financing options for trailers, generally?
Asked by Sunny McBubbles - Mon Dec 28 01:53:41 2009 - - 1 Answers - 0 Comments

A. your lot rent alone will probably be $200-300 a month (PLUS the cost of the trailer, utilities, food, etc - you cannot afford to live anywhere on your own or probably even with a roommate on only $600 a month and at only $600/month income - no one is going to give you a loan
Answered by Doctor Deth - Mon Dec 28 16:21:13 2009

What are the pros and cons of owner financing a home?
Q. I have a home that I am interested in selling and am looking at various ways to entice buyers in this tough market. One option told to me was owner financing the property. What are the pros and cons as a person that would be financing my property? Also, what would be the difference if I still have a small mortgage on my property? The property is in Pennsylvania.
Asked by xandres103 - Mon Jul 14 20:38:15 2008 - - 1 Answers - 0 Comments

A. Pros: you will have lots of buyers to choose from you can make a good profit you have the right to foreclose and take back the home if payments are not made as the promissory note states Cons: You will need to screen all of those buyers Profit is long term You will have to go through the legal process to foreclose if necessary This is in my state of Texas, you should find out what the rules are where you are. Many investors in my area have become quite wealthy with owner financing. One reason is that when the owner forecloses, they lose all equity in the home and the financier can then sell the property again, keeping the last person's equity. Not saying this is right or wrong, just a fact.
Answered by Tammy T - Mon Jul 14 21:34:07 2008

What documents are necessary for seller financing a vacant building lot?
Q. I have a lot that I want to sell on monthly payments through seller financing in Pennsylvania. I don't want to use a land contract. Can I just use a standard purchase and sale agreement which states the terms, ie payments, etc. or do I need additional instruments as well like a note, vendor's lien deed, etc? Does the deed go to the buyer or does the seller keep it. Also does the deed have to reflect the existing lien?
Asked by woroguda - Thu Jun 18 10:10:52 2009 - - 2 Answers - 0 Comments

A. Standard contract is fine. You will be having the buyer sign a Promissory Note for the loan amount. THis will state the interest rate and length of loan. THere will also be a 2nd document; either a Deed of Trust or a Mortgage. THis will explain what you can do if the buyer does not pay you. You keep the note. You record the Deed of Trust. Then you are done. You will sign a Warranty Deed which is easy since you have the deed from when you bought it. That will be recorded. One note. If the buyer does not pay you, you foreclose and take the land back. A smart buyer will declare bankruptcy. You will get a letter from the judge telling you that the BK is a federal action and you can not slow or stop it. Devious buyers cancel the BK after 5… [cont.]
Answered by Ed Atun - Thu Jun 18 17:20:23 2009

How can I start my own financing company?
Q. I need to find a resource for licensing, laws, and any other steps necessary to start a financing company. I want to be the company that loans money to companies and individuals for purchasing commercial vehicles. I am using some of my money and some that is borrowed at a lower rate. I have a used Truck (Big Rig) dealership with plenty of inventory. Our customers currently use a finance company that charges over 32% in some cases.
Asked by jbarucca - Mon Oct 16 17:10:15 2006 - - 1 Answers - 1 Comments

A. you want to become a commercial lessor, I am in the repo business and that is not a great idea,since these trucks are very hard to find since they have wheels and are hard to find. A better idea is to lease commercial equipment . Alot of the leasing companies that I work with are phasing out truck leases. Are you using your own funds? or borrowing them at a low rate and getting a higher rate back?
Answered by bayareart1 - Mon Oct 16 17:17:23 2006

How long does it take to close with owner financing when the owner has a mortgage?
Q. In other words, what time-consuming activities have to happen before closing, when the owner providing the financing is already satisfied of the property's value and condition, so there is no need for additional inspection, appraisal, etc.? I assume the key issues are paying off the owner's mortgage, recording the owner-financed mortgage, and getting the title transferred to the new owner. But do those get done before or after closing? The owner's liquid assets plus the seller's down payment will add up to enough to pay off ther owner's mortgage.
Asked by Dilbert - Thu Oct 15 11:32:55 2009 - - 2 Answers - 0 Comments

A. if you want title insurance (and you do) that could take a couple of weeks. other than that this could be done in a few days. just schedule a closing with title company.
Answered by David Z - Thu Oct 15 12:06:49 2009

Whats the most expensive way to obtain financing for a new project?
Q. Some financing sources would be retained earnings, debt, and new equity issuance. Would equity be the most expensive? If so, why?
Asked by Nevyll - Wed Nov 21 09:31:33 2007 - - 1 Answers - 0 Comments

A. I answered u on that same topic twice!! Go read about the Pecking Order Theory in Wikipedia, return to your previous questions to read my answers, and most importantly give me my goddamn points or I'll stop helping u out (lol) The cost of new equity is not only about the return an equity investor would require. The issuance process itself is very costly. I'm an investment banker and a CFA charterholder and we call it floatation cost. We could spend three quarters with virtually no businees coming in or out until one IPO helps us make our numbers and maybe exceed them. We charge people heavily. In the US floatation cost is typically around 10% of the value of the issue!! I know it sounds horrible but yes investment bankers are indeed a… [cont.]
Answered by iam_an_elf_archer - Thu Nov 22 20:35:43 2007

How much external financing will Tobin Supplies Company have to seek?
Q. Tobin Supplies Company expects sales next year to be $500,000. Inventory and accounts receivable will increase $90,000 to accommodate this sales level. The company has a steady profit margin of 12 percent with a 40 percent dividend payout. How much external financing will Tobin Supplies Company have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
Asked by aharleymom13 - Sun Nov 8 11:24:03 2009 - - 1 Answers - 0 Comments

A. Please check with the homework help section.
Answered by falsi fiable - Sun Nov 8 11:28:38 2009

What is the difference between USDA and FHA Financing?
Q. I would like to know what the difference between FHA and USDA financing. For example: what are the ratio differences, income limits, time on job, and any other details you might know. Thanks!
Asked by scott32003 - Sat Feb 6 12:48:19 2010 - - 4 Answers - 0 Comments

A. USDA offers a loan program based on rural financing. There are median incomes used to qualify as well as number of people who live in the home. USDA loans do not require mortgage insurance and you can finance up to 102% of the property. The loans are even transferable. Please contact me if you would like to know more about it. Credit scores for these loans start at 600. I am a mortgage banker in Texas. This can also qualify you for the first time home buyers tax credit.
Answered by Texas Mortgage Banker - Sat Feb 6 13:57:30 2010

What are some good interest rates for automobile financing these days? And some bad interests rates?
Q. Does anyone know what interest rates should be offered for good, fair and poor credit, when financing a vehicle?
Asked by Shoe Maker - Sun Jul 6 22:08:40 2008 - - 2 Answers - 0 Comments

A. The interest rate depends on the length of the loan as much as is does your credit history. A short loan (24 - 36 months) will be lower interest than a long loan (60 - 72 months). If you have very good credit you should be able to get 5% - 7% for 60 months. Anything above 10% is not very good. Anything above 15% is for poor credit situations.
Answered by mccoyblues - Sun Jul 6 23:28:46 2008

How do i get financing for my business in Africa?
Q. I own a business and im looking for financing,cheap financing and africa doesnt seem to have it.Are there Africa focused business angels out there?
Asked by El Presidente - Sat Aug 19 13:19:51 2006 - - 2 Answers - 0 Comments

A. You should go to Prince Akeem of Zamunda and ask him to loan you some money.
Answered by Weekend Warrior - Sat Aug 19 13:24:09 2006

How do I get financing for my customers?
Q. I own/operate a genral contracting business and I want to be able to offer my customers the option of financing. How do I get started and where can I find financing co.'s or banks that would work with me.
Asked by studjeff - Tue Mar 13 22:17:20 2007 - - 1 Answers - 0 Comments

A. My dad used to own a business that sold big ticket items. He worked with a local credit union to finance his customers. He would have them fill out the applications at his store, then fax or take them to the credit union. Any bank could do it, but credit unions usually seem to want you business more.
Answered by Brian G - Tue Mar 13 22:23:23 2007