Archive for June, 2009

Can a person with bad credit become a commssion officer in the armed forces? »

ladybags asked: I have bad credit and have fell behind on bills. Banks have closed my checking account and I am an ROTC cadet that will commission. Does my bad credit affect me commissioning?

Are there any Access Databases that use Amortization tables? »

rahkblue asked: I am looking for an Access database or program in which I can process amortization schedules. I would like to see if there is one that can handle compounding interest and interest rate changes.

Need a variable loan amortization schedule? »

Hot Garage asked: Need it to calculate variable payments on a monthly basis and recalculate.

Does APR affect my monthly payment on a mortgage loan? »

techzone12 asked: I know that APR is higher than simple interest rate, becuase they add cost of borrowing, etc. What I am not sure about is, how do they calculate APR. Secondly, does a higher APR means higher montly payment? Or is it just higher upfront cost. Is the PMI included in the APR math? [...]

Is it much easier getting a “Buy to Let” mortgage? »

Starving Billionaire asked: London

Is it best to pay off your mortgage or keep making payments? »

Wife4Life asked: I inheirtied a house with an adjustable rate mortgage. The loan when I took it over was $80,000 when I took it over 3 years ago. The rate right now is somewhere near 6%, I want to pay it off asap so the rate doesn’t go up and so I can use the [...]

WHAT DO YOU THINK ABOUT THE MEXICAN GOVERNMENT COMBATING POLICE CORRUPTION WITH GOOD MORTGAGE DEALS 2 THE COPS? »

BIGTHINGS asked: http://news.yahoo.com/s/ap/20080920/ap_on_re_la_am_ca/lt_mexico_subprime_police

Can a Co-borrower with bad credit hurt my chances of getting a student loan? »

tykush21 asked: I have established, good credit (Fico- 720), but my co-borrowers credit is not that good. When you apply for a loan, would they deny it because the co-borrowers credit is bad? Would it be better to just apply by myself, and would they accept me alone? I always thought a co-borrower, even with [...]

Is it easier 2 qualify 4 a mortgage,even with bad credit,if there’s quite a bit of equity built into the price? »

drgnldy129927 asked: My husband and I both have fairly bad credit. Our scores are both in the low 500′s. We would like to purchase a foreclosure which is currently priced at less than half it’s appraised value. Could the built in equity help us to qualify for a mortgage? We are both first time home [...]

Can a new home equity loan amount be larger than your mortgage balance? »

cjt asked: We currently have a home equity loan and a mortgage, but want to pay off credit card debt. Can we take out a new home equity loan, paying off the current home equity loan and credit card debt which would result in the home equity loan balance being larger than the mortgage balance? [...]

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