Episode #125 of the Stack Overflow podcast is here. We talk Tilde Club and mechanical keyboards. Listen now

Questions tagged [loans]

This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.

Filter by
Sorted by
Tagged with
3
votes
1answer
95 views

Can an individual report data to a credit bureau

What process do credit card companies and financial institutions go through to have the ability to report payments to credit bureaus? Ex. I have money I want to loan to someone. I run a credit ...
1
vote
3answers
101 views

Why are there loans at rates lower than long-term economic growth?

Long-term economic growth is said to be between 8 and 10%/a, yet people get loans for houses at 3.5%/a and loans for random stuff at 5%/a. I kind of understand that people get loans for houses at ...
2
votes
4answers
1k views

who is the owner of Loan money paid back to bank [on hold]

There is bank which have account of three persons :-- A = 900 dollar in account B = 900 dollar in account C = ZERO dollar Now if C went to same bank & take 900 dollar Loan from bank on ZERO ...
1
vote
0answers
93 views

Why would a bank only apply your payment to principal? [duplicate]

I have had several business loans and understand that this is not by any means typical. I noticed that for a year my payments were not decreasing the principal on the loan. When I asked the bank why, ...
0
votes
1answer
66 views

How to get the effective yield?

I have a system that calculates the effective yield. The problem is what formula does the system used to calculate the effective yield. I am trying to convert the system into a mobile application. I ...
0
votes
3answers
279 views

What happens if someone defaults on a loan but didnt own the collateral in the first place?

What happens if someone (say Joe) gets a 1k personal loan and puts up a car (Joe's moms) for collateral but Joe's mom had no idea of the loan and Joe isnt on the title
1
vote
1answer
340 views

My mother's car was totaled

My mother was in a car accident and died. Her boyfriend's name is on the title and financing of the vehicle. She made all of her payments on the car. Is he entitled to all of the money since the ...
1
vote
1answer
60 views

Why do FNMA and FHLMC impose loan limits?

Why do FNMA and FHLMC announce new loan limits for one to four-family loans? Is there a justification to have something called "conforming" loans as opposed to "jumbo" loans? Is this to separate on ...
12
votes
8answers
6k views

How much income am I getting by renting my house?

I am moving from Portland, OR to SF Bay area and therefore contemplating whether to sell or rent the house. I am not planning to move back to this house. Property details: Bought for : $267,000 Paid ...
0
votes
2answers
148 views

Buydowns when House Market is Weak

I would like to better understand how the buydown works in residential housing market. A typical situation that comes to my mind is that a developer who wants to get rid of excess supply of homes in ...
1
vote
2answers
99 views

Residential Mortgage Tilt Effect

The way I understand the mortgage tilt effect is that the lender "prices in" the expected rate of inflation into the contract borrowing rate, so that the lender is compensated in the earlier years of ...
3
votes
1answer
156 views

Why do Loan Discount Points Exist?

Loan Amount Disbursed = Face value of Mortgage in the contract *(1-discount points). Why do we have this type of computation in place in the US? Is this conventional because of some history behind it?...
1
vote
1answer
77 views

Auto leasing and early payments

If I pay extra on my auto lease, does that go towards the buy out price for the end of my lease? For example if im paying 400 a month for 48 months and my residual value is 11,500 at the end of the 4 ...
0
votes
1answer
71 views

Who to contact about securing bridge loan against future compensation?

I checked money.stackexchange for bridge loan questions regarding the best parties to contact regarding securing a bridge loan. There is also a lot of stuff online about how a bridge loan involves ...
2
votes
0answers
101 views

Are prepaid credit cards a form of secured loan?

I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
34
votes
4answers
13k views

Why is the car dealer insisting on a loan instead of cash?

I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing ...
1
vote
3answers
111 views

Are all automobile leases closed-end lease?

For example, consider entering into a lease contract with BMW SUV X5. As usual, the duration of the lease is 3 years and the lessee is required to make equal install payments during the duration. At ...
1
vote
2answers
272 views

Auto loan technicalities in the US

I know what loans are (you borrow money and pay it back plus interest over a period of time), but I have a few questions about the specifics: When you are approved for an auto loan and you proceed to ...
0
votes
0answers
141 views

Interest only loan

With an interest only loan that allows extra payments toward the principal, does the amount of interest due reduce or recalculate for subsequent payments as the outstanding principal is paid down by ...
0
votes
1answer
201 views

My Car is up for repo my grandfather is a co signer [duplicate]

My Car is up for repo my grandfather is a co signer on the car and recently just passed. I heard that the car will be paid off.. Is that true? By the granffather that passed. I was told that because ...
3
votes
2answers
348 views

How to determine lease vs buy for specific scenario of a Tesla Model 3 I plan to keep 3 years

I want a Tesla Model 3. Like this guy How to determine car loan length as a function of how long I plan to keep a car I (using his words): ...plan to keep for 3 years (see below for why) I am ...
0
votes
1answer
40 views

How to create a derivative fixed rate loan?

Just curious. Someone mentioned he can only find variable rate loans, no fixed-rate option (somewhere in Europe). Which I find strange, there has to be some price that makes such an offering viable. ...
2
votes
2answers
69 views

Calculating Annuities With Different Compounding period and Interest Period

Can anyone Help me solve this? In July 2010, Mike deposits $100 semiannually into an account compounding quarterly at 7% nominal annual interest for three years. In July 2013, he increases the ...
3
votes
2answers
1k views

Principal payments [closed]

I have had several business loans and understand that this is not by any means typical. I noticed that for a year my payments were not decreasing the principal on the loan. When I asked the bank why, ...
0
votes
2answers
110 views

buying property , loan and collateral

If one owns a property that's worth 200K, is it possible to get a loan to buy a second rental property for 100K, given one owns the first property outright, using it as collateral? Does this person ...
0
votes
3answers
212 views

Should I pay off my car loan early?

I have a car loan with a payoff of $5,200. we pay $200 / mo for 30 more months. We are both retired working part time. Should we pay off the balance now?
0
votes
1answer
71 views

How to officially record a loan against my house deed (so the lender is guaranteed a repayment from the collateral)?

I am going to receive a loan from my friend so that I can pay off my mortgage and some other debts. I want to officially record the loan so that my friend is legally protected and guaranteed to be ...
-1
votes
1answer
42 views

About P2P platform Twino - Manual or Auto invest portfolio? [closed]

Recently I start invest on twino platform. Gradually I increase the amount invested and I would like to know if it´s wise to invest in short period loans like 1 - 12 months. Also if the manual invest ...
2
votes
2answers
194 views

What should I expect when applying for credit?

EDIT: It has been suggested that this question is a duplicate of Personal loan while unemployed?. In fact it is not a duplicate of that question, because I'm not asking about getting a personal loan ...
2
votes
3answers
324 views

Personal loan while unemployed?

I'm 19 and would like to get a personal loan. I am going to get a job this week, or next week. Would I still be able to obtain a personal loan? I have been told it's not possible. I wanted some second ...
10
votes
1answer
398 views

Demolishing a home and rebuilding

My fiance owns a nice piece of property with an old run down home. The value of land and house right now is about 250,000. There is no mortgage on this property. How do I borrow money to demolish ...
4
votes
2answers
274 views

Does a 401(k) loan count as debt when calculating Debt-to-Income Ratio?

Does a regular 401(k) loan count as debt when calculating one's Debt-to-income ratio when applying for a mortgage? The loan is within the organization that manages the 401(k), and it does not show in ...
0
votes
1answer
174 views

Can a family member not on the mortgage take a separate loan to help with the down payment

Say you are getting a house and get preapproved for a certain amount. This amount plus your downpayment is just shy of the required amount. If say, your father offers to take a loan for 10-30,000$, ...
0
votes
3answers
109 views

Hypothetical Question About Mortgage and Yield [closed]

Making These Assumptions: I have $1M, I want to buy a house which costs $1.5M. I want to have a mortgage of $500K. The interest rate on my mortgage is 2.5% annually. Assuming I rent the house and ...
1
vote
6answers
388 views

Advice on loan to friend

I am writing up a legal document (USA, Michigan) for loaning 7k to a friend with 10% APR with a term length of 5 years. (known him 5 years, he has paid back many smaller loans before). We'll both ...
-2
votes
2answers
110 views

Is there a more collateralizable home?

Consider a situation where a loan officer examines the degree of collateralizability of a real estate. For example, one could compare: Sturdiness: wood v. brick. Flood/Tornado Plain: more vulnerable ...
1
vote
1answer
128 views

Understanding pledge, mortgage, and collateral in home buying

I am trying to better understand the terms pledge and collateral, in home buying. My understanding is that a Pledge is usually a pawn or piece of property used to secure "financing". When I try to ...
4
votes
2answers
329 views

Mortgage as present value of resale worth

I would like to ask someone who is knowledgeable in home loan and mortgage financing. Consider a home with an appraisal value of $ 400k. Let the down payment on this mortgage be $80k (i.e. 20% of $...
1
vote
2answers
183 views

Which debt(s) to minimize first to improve credit most quickly?

Current score is ~650. Looking to improve my credit as effectively as possible, as I'm looking into houses after getting married next summer. I'm coming off of a tougher employment patch so very much ...
2
votes
3answers
274 views

Can you build credit history without getting a credit cards or taking on debt?

As far as I know I have no credit history as I have never had a loan or credit card. I buy things using a debit card tied to my credit union bank account and prefer not to have a credit card at all. I ...
0
votes
1answer
37 views

Tax benefit on home loan of under construction as well as ready possession property

I am from Pune, India and working in Ratnagiri. I have purchased a under constructed flat as a Co-Owner in FY 18-19 in Pune. Possession will be after four years i.e. 2022. First Owner is my wife. We ...
2
votes
3answers
256 views

Mortgage vs cash for a first-time home buyer

I need advice: I'm in a condo contract, priced at $175K. I have been looking around for mortgage, and got a quote for a 3.125% 15-year mortgage with 20% down payment (so loan would be 140K). I was ...
2
votes
4answers
184 views

Mortgage broker vs bank mortgage for home buying

I'm a new home buyer, buying a condo. Now that we have already signed a contract, a question raised for me. Is it recommended to get a mortgage directly from a bank or through a mortgage broker? ...
2
votes
0answers
183 views

How to obtain “Negative Equity Insurance” aka “Home Equity Protection” aka “Equity Protection Policy” in the UK?

I'm searching for an insurance policy to protect against negative equity on a residential real-estate. The risk I'm trying to protect against is that house prices will fall. I'm looking for ...
49
votes
12answers
17k views

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
0
votes
1answer
94 views

Help with NPV question

Consider two options to buy equipment for your emergency department. You are given the choice to pay $15,000 in cash now, or pay zero upfront, but make four payments of $5,000. If the cost of ...
0
votes
2answers
77 views

Prolonged low base rate and personal savings

The Fed recently has prolonged its low base rate and is even considering lowering it further. I am an EU resident, and our base rate is even lower - it has been 0% for several months and it seems that ...
18
votes
2answers
3k views

Are cosigner finder websites like hireacosigner.com, cosignerfinder.com etc. legit?

I am a foreigner to USA and would like to pursue masters in CS in USA. But based on the current state of USD, I won't be able to pay the costs of tuition on my own. So, I will be taking a loan from ...
2
votes
1answer
63 views

How to give collateral loan for car - India?

I am an Individual and my neighbour wants a loan on his car, what are the legal procedure to give such a loan?
1
vote
1answer
32 views

Best shot for small business loan given limited history, credit, etc

Suppose that a person is in dire need of a small business loan (complicated surrounding circumstances involving politics eliminate other options). They have the following assets: 6 year old LLC with ...