Archive for May, 2008

How does a bad credit auto loan really work? »

Derek B asked: My credit score is probably 0 (yes I know that’s not possible) but it’s pretty bad. Say for example I want a $5,000-$6,000 car, how much would I have to put down and how much would the interest typically be?Content for WordPress

Can a debt collector report a disputed item to a credit bureau? »

mindthetwine asked: I received a letter from a debt collection agency this past December. Because I did not recognize the debt, I disputed the item and asked for detail on what the debt was for (in December). I never received a response and followed-up in February, to which I also received no response. About three [...]

How can i get a mortgage to buid my first home? »

Matu asked: I’ve been preaproved for 300,000 to purchase a house, but i really want to build my own. I know that i can do it for less than that! The problem is that lenders don’t usually aprove constraction loans for first time homes. Any ideas?Create a video blog…instantly.

Considering quitting a fulltime job to take up a nursing course. Mortgage chances? »

cathlin81 asked: I am hoping to get a place on a nursing course at the beginning of September 2009. My husband (who has a full time and permanent job) and I will have to look into changing mortgages around the same time as our fixed term comes to an end. Is finding another mortgage going [...]

Is Reverse mortgage good for me? »

Pat asked: I owe $54,000 on the house, the state appraisal for taxes is $79,000. Is it worth it to get a reverse mortgage.Content

Is the mortgage industry/financials services/banking embracing the open source community? »

jonoiscool2u asked: I am hearing all sorts of things about Open Source. I am wondering if banking and financial services is embracing this and where the key innovations are.Website content

Does anyone know of a good place to get leads for mortgage prospects? »

fo_shizzle12/20 asked: I work for a lending company and I am looking for a good place to source leads for my mortgage products.Website content

What would probably be the best interest rate we would get on a mortgage? »

jessiemartz asked: I have a FICO score of 620 and My husband’s is about 650. We have obviously had some things that hit it, but we will have everything paid off and 0 debt when we apply for a mortgage. What do you think the best interest rate would be I think the low interest [...]

How does a debt collector work, if I trasfer a debt for a discounted cash payment, when do I pay them? »

water g asked: Do I pay them straight away or when the debt is covered? What happens to the debt? when and how is it paid? I have a trade debt, $10K and transfer it to debt collector for $8K cash, do I pay them immediately or after they collect the debt?Website content

I am trying to get a re-finance loan? »

cygon asked: I have been working with a loan broker that seems to be taking his time I need 120 k within 2 weeks before my house gets foreclosed on. So I am counting on this loan to cover a reverse mortgage . what should I do people please please let me know if you [...]

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