What method of financing is better when buying a car, Balloon Financing or traditional financing?
Q. What is better Balloon financing or traditional financing? What are the pros and cons of each?
Asked by Jason - Tue Mar 4 16:38:56 2008 - - 2 Answers - 0 Comments
A. Balloon loans provide lower payments but then you owe a huge final payment, which you have to finance again. What this does is keeps you upside down on your loan for years, increases your total finance costs, and makes it almost impossible to sell or trade your car before the end of both loans. Stay away from balloon loans if you can. Dealers sometimes push them just to get the payment a customer wants, without fully explaining the downside.
Answered by CarMan - Tue Mar 4 16:47:01 2008
Q. What is better Balloon financing or traditional financing? What are the pros and cons of each?
Asked by Jason - Tue Mar 4 16:38:56 2008 - - 2 Answers - 0 Comments
A. Balloon loans provide lower payments but then you owe a huge final payment, which you have to finance again. What this does is keeps you upside down on your loan for years, increases your total finance costs, and makes it almost impossible to sell or trade your car before the end of both loans. Stay away from balloon loans if you can. Dealers sometimes push them just to get the payment a customer wants, without fully explaining the downside.
Answered by CarMan - Tue Mar 4 16:47:01 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
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
What's the difference between in house financing, and dealer financing, when buying a used car?
Q. What are the differences between in house financing, and dealer financing, when buying a used car? In house financing VS. dealer financing VS. buy here pay here? Is there a difference between these? If so, what are the differences? Thanks in advance!
Asked by Wednesday - Wed Sep 16 02:18:00 2009 - - 5 Answers - 0 Comments
A. buy here pay here means they will finance anyone with a decent sized down payment. In house financing can mean both...they will tote the note and they also have sub prime finance sources. Dealer financing often means the dealer can arrange financing for qualified buyers but can mean the others also. Bottom line is if the dealer is doing the financing, you are paying too much. Both in price and interest rate. Why ? Because you likely are a poor credit risk and its the only way the business can be profitable.
Answered by __A_YAHOO_USER__ - Wed Sep 16 15:19:33 2009
Q. What are the differences between in house financing, and dealer financing, when buying a used car? In house financing VS. dealer financing VS. buy here pay here? Is there a difference between these? If so, what are the differences? Thanks in advance!
Asked by Wednesday - Wed Sep 16 02:18:00 2009 - - 5 Answers - 0 Comments
A. buy here pay here means they will finance anyone with a decent sized down payment. In house financing can mean both...they will tote the note and they also have sub prime finance sources. Dealer financing often means the dealer can arrange financing for qualified buyers but can mean the others also. Bottom line is if the dealer is doing the financing, you are paying too much. Both in price and interest rate. Why ? Because you likely are a poor credit risk and its the only way the business can be profitable.
Answered by __A_YAHOO_USER__ - Wed Sep 16 15:19:33 2009
How can I offer financing for products on my website?
Q. I sell scooters, mopeds, atvs, pocket bikes, dirt bikes and accessories. I want to provide a link for financing options for our products. Our highest priced item is about 4k. Average cost is about 600 dollars. What are some good financing services? Links? Thanks.
Asked by Awsome - Fri Oct 17 10:59:43 2008 - - 1 Answers - 0 Comments
A. I would talk to a local bank about it. I bought my wife's engagement ring with financing through the jewelry store. It really wasn't financed by the jewelry store, it was through a local bank, the jewelry store just helped with the paperwork. Talk to the bank about how that would work. The other option if you can afford to accept payments is to finance them yourself, but you better talk to a lawyer and make sure your contracts are rock solid because sooner or later you will have to repo somebody's bike and sue them for the balance of the loan.
Answered by SmartA$$ - Fri Oct 17 11:07:08 2008
Q. I sell scooters, mopeds, atvs, pocket bikes, dirt bikes and accessories. I want to provide a link for financing options for our products. Our highest priced item is about 4k. Average cost is about 600 dollars. What are some good financing services? Links? Thanks.
Asked by Awsome - Fri Oct 17 10:59:43 2008 - - 1 Answers - 0 Comments
A. I would talk to a local bank about it. I bought my wife's engagement ring with financing through the jewelry store. It really wasn't financed by the jewelry store, it was through a local bank, the jewelry store just helped with the paperwork. Talk to the bank about how that would work. The other option if you can afford to accept payments is to finance them yourself, but you better talk to a lawyer and make sure your contracts are rock solid because sooner or later you will have to repo somebody's bike and sue them for the balance of the loan.
Answered by SmartA$$ - Fri Oct 17 11:07:08 2008
What banks do financing on the wholesale side for spec homes?
Q. I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I'm having trouble finding it wholesale. Thanks! I do know what a spec home is My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she's unfamiliarr with? I'll ask her again. Thanks!
Asked by alison a - Wed Sep 19 16:05:49 2007 - - 2 Answers - 0 Comments
A. I don't think you know what is spec home is. A spec home is just a home that is build in speculation of a buyer and was not a custom built home. 98% of all homes built are spec homes.
Answered by Leo F - Wed Sep 19 16:59:55 2007
Q. I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I'm having trouble finding it wholesale. Thanks! I do know what a spec home is My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she's unfamiliarr with? I'll ask her again. Thanks!
Asked by alison a - Wed Sep 19 16:05:49 2007 - - 2 Answers - 0 Comments
A. I don't think you know what is spec home is. A spec home is just a home that is build in speculation of a buyer and was not a custom built home. 98% of all homes built are spec homes.
Answered by Leo F - Wed Sep 19 16:59:55 2007
What's the difference between leasing & financing a car?
Q. I wanna buy a car it cost $22.000 going to put $3.500 at signing and I want to make monthly payments on it. So have to lease/or finance it. Leasing is like renting and financing is buying. I'm planning to keep the car like forever but I don't know which one is an advantage. Explain which one is best for me.
Asked by Kenneth - Wed Oct 21 01:38:08 2009 - - 5 Answers - 0 Comments
A. Unless you pay in-full at the time of purchase, a car is "financed" whether it is purchased or leased. The difference is very simple. With a purchase, you eventually own outright the vehicle for which you made a down-payment and have repaid through monthly payments the remainder you borrowed. The vehicle is yours to do as you please. With a lease, you're effectively renting the vehicle for a specified period of time for a price determined by deducting an estimated future (residual) value of the vehicle from its original (capital) price. The difference is financed and repaid monthly like any other loan. At the end of the lease term, you can choose to "walk away", or you can purchase the vehicle for the agreed-upon price, whichever… [cont.]
Answered by Sage - Wed Oct 21 02:00:53 2009
Q. I wanna buy a car it cost $22.000 going to put $3.500 at signing and I want to make monthly payments on it. So have to lease/or finance it. Leasing is like renting and financing is buying. I'm planning to keep the car like forever but I don't know which one is an advantage. Explain which one is best for me.
Asked by Kenneth - Wed Oct 21 01:38:08 2009 - - 5 Answers - 0 Comments
A. Unless you pay in-full at the time of purchase, a car is "financed" whether it is purchased or leased. The difference is very simple. With a purchase, you eventually own outright the vehicle for which you made a down-payment and have repaid through monthly payments the remainder you borrowed. The vehicle is yours to do as you please. With a lease, you're effectively renting the vehicle for a specified period of time for a price determined by deducting an estimated future (residual) value of the vehicle from its original (capital) price. The difference is financed and repaid monthly like any other loan. At the end of the lease term, you can choose to "walk away", or you can purchase the vehicle for the agreed-upon price, whichever… [cont.]
Answered by Sage - Wed Oct 21 02:00:53 2009
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
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
How is venture capital financing accounted for in balance sheet?
Q. I imagine if the financing is structured as a convertible loan, then the money is added as a liability. But if the investment is in return for common shares, how is the transaction recorded?
Asked by gpapayia - Mon Sep 15 21:39:06 2008 - - 1 Answers - 0 Comments
A. DR - Cash CR - Capital stock (at the par value) CR - Additional paid-in capital (at any excess to par value)
Answered by beancounter - Mon Sep 15 21:47:17 2008
Q. I imagine if the financing is structured as a convertible loan, then the money is added as a liability. But if the investment is in return for common shares, how is the transaction recorded?
Asked by gpapayia - Mon Sep 15 21:39:06 2008 - - 1 Answers - 0 Comments
A. DR - Cash CR - Capital stock (at the par value) CR - Additional paid-in capital (at any excess to par value)
Answered by beancounter - Mon Sep 15 21:47:17 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
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 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
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 do I find out the financing arrangements negotiated within a real estate transaction for a property sold?
Q. I am real estate student trying to appraise a comparable property. How to find out what expenses and financing used within the sale of a property already sold?
Asked by boobicat - Sat Aug 16 21:53:27 2008 - - 3 Answers - 0 Comments
A. Go to the clerk and recorders office and look up the deed for the property and then at the documents recorded just before and after. It usually is the financing agreements. The recorder will also have a record of the trust deeds for the property and referenced to the names. If they are computerized it is a snap to find. Hope this helps.
Answered by Ron G - Sat Aug 16 22:18:33 2008
Q. I am real estate student trying to appraise a comparable property. How to find out what expenses and financing used within the sale of a property already sold?
Asked by boobicat - Sat Aug 16 21:53:27 2008 - - 3 Answers - 0 Comments
A. Go to the clerk and recorders office and look up the deed for the property and then at the documents recorded just before and after. It usually is the financing agreements. The recorder will also have a record of the trust deeds for the property and referenced to the names. If they are computerized it is a snap to find. Hope this helps.
Answered by Ron G - Sat Aug 16 22:18:33 2008
I have bad credit and need financing for my business to expand? Does anyone have any ideas on how to do this?
Q. Hello, I have a small residential and commercial cleaning business that I am looking to expand. I have been shopping around for financing through traditional lenders, but due to my 518 FICO score and millions of charge-offs, I can't get fianancing. I have applied to a few non-profits in the state that I live in. I have also been pitching my case to some friends. I don't have any family that can help. They all have bad credit and so do much of my friends. I really do not know anyone with cash on hand either. I have been looking into getting an angel investor or a venture capitalist, but I do not know if that'll work. I've posted an ad on Prosper and I never get responses. Again, I think that this is due to my bad credit. I am seriously… [cont.]
Asked by flavaa - Fri Jun 15 22:46:15 2007 - - 4 Answers - 0 Comments
A. I think Prosper.com may be your last best chance. Maybe you need to change your writeup. Potential lenders want to know about your past but, most of all, they want to hear your honest description of why and how you think you'll be successful this time. Potential lenders like to invest in people, not in businesses. Just be careful that any solution you decide on is not taken in desperation and quick judgement. The results could make your situation worse than it already is. I'm sure you realize it now, but others should learn from your experience that poor financial responsibility has very serious long-term effects that are extremely difficult to overcome. Best wishes to you.
Answered by CarMan - Fri Jun 15 23:03:31 2007
Q. Hello, I have a small residential and commercial cleaning business that I am looking to expand. I have been shopping around for financing through traditional lenders, but due to my 518 FICO score and millions of charge-offs, I can't get fianancing. I have applied to a few non-profits in the state that I live in. I have also been pitching my case to some friends. I don't have any family that can help. They all have bad credit and so do much of my friends. I really do not know anyone with cash on hand either. I have been looking into getting an angel investor or a venture capitalist, but I do not know if that'll work. I've posted an ad on Prosper and I never get responses. Again, I think that this is due to my bad credit. I am seriously… [cont.]
Asked by flavaa - Fri Jun 15 22:46:15 2007 - - 4 Answers - 0 Comments
A. I think Prosper.com may be your last best chance. Maybe you need to change your writeup. Potential lenders want to know about your past but, most of all, they want to hear your honest description of why and how you think you'll be successful this time. Potential lenders like to invest in people, not in businesses. Just be careful that any solution you decide on is not taken in desperation and quick judgement. The results could make your situation worse than it already is. I'm sure you realize it now, but others should learn from your experience that poor financial responsibility has very serious long-term effects that are extremely difficult to overcome. Best wishes to you.
Answered by CarMan - Fri Jun 15 23:03:31 2007
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
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
What type of financing do I need to buy the house I am living in to pay the owner off, minus a $2000 dwn pymt?
Q. I am renting with an option to purchase. I paid a $2000 down payment to the owner and I have been paying $575 every month on time since. I have to get financing to pay him off, with the $2000 deducted from th selling price. What type of financing do I need being that I have been living in the residence for over a year?
Asked by tetrac7 - Tue Oct 30 14:58:44 2007 - - 2 Answers - 0 Comments
A. You will need financing to cover the stated purchase price of the house, less the $2000 downpayment he has agreed to credit you at time of purchase. The financing you obtain will be no different than that of purchasing a house in which you have not lived. What you have done is rented for a year, with a guaranteed option to purchase by paying down the $2000.
Answered by acermill - Tue Oct 30 15:05:36 2007
Q. I am renting with an option to purchase. I paid a $2000 down payment to the owner and I have been paying $575 every month on time since. I have to get financing to pay him off, with the $2000 deducted from th selling price. What type of financing do I need being that I have been living in the residence for over a year?
Asked by tetrac7 - Tue Oct 30 14:58:44 2007 - - 2 Answers - 0 Comments
A. You will need financing to cover the stated purchase price of the house, less the $2000 downpayment he has agreed to credit you at time of purchase. The financing you obtain will be no different than that of purchasing a house in which you have not lived. What you have done is rented for a year, with a guaranteed option to purchase by paying down the $2000.
Answered by acermill - Tue Oct 30 15:05:36 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 Gaytheist Buddha - Sun Nov 8 11:28:38 2009
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 Gaytheist Buddha - Sun Nov 8 11:28:38 2009
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
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
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
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
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
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
When a bank looks at credit score to determine financing, does it affect my credit rating?
Q. I am wanting to purchase a house, but I don't want to look into financing until I find something I like. I am afraid my credit score will be reduced if I start asking banks to review my credit.
Asked by LJ - Fri May 30 13:41:37 2008 - - 8 Answers - 0 Comments
A. Not really, when people shop for a vehicle or home all inquiries made in a 14-day period are lumped together and only count as one, they all show but your score only gets dinged once.
Answered by SPIFIMAN1 - Fri May 30 13:56:18 2008
Q. I am wanting to purchase a house, but I don't want to look into financing until I find something I like. I am afraid my credit score will be reduced if I start asking banks to review my credit.
Asked by LJ - Fri May 30 13:41:37 2008 - - 8 Answers - 0 Comments
A. Not really, when people shop for a vehicle or home all inquiries made in a 14-day period are lumped together and only count as one, they all show but your score only gets dinged once.
Answered by SPIFIMAN1 - Fri May 30 13:56:18 2008
How would someone with bad credit get approved for financing to start a new business?
Q. I want to start my own tanning salon and espresso stand in Bremerton, WA. I personally have a low credit score and limited start up funds. I have a few locations in mind and after much research I know that this business is VERY profitable, yet...VERY expensive to start up. Where could I find financing to get the start up funds?
Asked by playfulduo69 - Mon Jul 14 23:44:52 2008 - - 3 Answers - 0 Comments
A. Look for investors. If you can demonstrate that the business is as profitable as you say prepare a business plan and advertise for investors. You will have to give up a substantial piece of the action, but if you don't you probably won't have a business at all. Hope this helps Jerry-the-bookkeeper
Answered by jerry-the-bookkeeper - Tue Jul 15 00:56:55 2008
Q. I want to start my own tanning salon and espresso stand in Bremerton, WA. I personally have a low credit score and limited start up funds. I have a few locations in mind and after much research I know that this business is VERY profitable, yet...VERY expensive to start up. Where could I find financing to get the start up funds?
Asked by playfulduo69 - Mon Jul 14 23:44:52 2008 - - 3 Answers - 0 Comments
A. Look for investors. If you can demonstrate that the business is as profitable as you say prepare a business plan and advertise for investors. You will have to give up a substantial piece of the action, but if you don't you probably won't have a business at all. Hope this helps Jerry-the-bookkeeper
Answered by jerry-the-bookkeeper - Tue Jul 15 00:56:55 2008
From Yahoo Answer Search: 'financing'
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BMW is offering financing credits of up to $2500 on certain 3 Series models and the Z4 roadster, as well as $1500 on other models. ...
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Waterbed Replacement Mattresses including super single queen king Can t come in Phone orders welcome 414 238 2020 biltrite furniture | 5430 W Layton Avenue | Greenfield WI | 53220 | Phone 414 238 2020 | Fax 414 238 2021
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(AFX UK Focus) 2010-03-19 05:55 press digest - New York Times business news - March 19 March 19 (Reuters) - The following were the top stories in the New.
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