Questions tagged [repayment]
For all situations involving paying money back to a borrowed source, such as a loan.
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Paying off student loans early/lump sum -- best practices?
My wife & I have run into a large sum of cash recently and are interested in paying off/paying down our student loans -- about $30k between us, at about 6.5% avg interest.
We're both earning ...
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What method do I use to pay current expenses while paying off credit card debt?
I’m hoping you can help me with a question that seems very hard to google for some reason.
I have $20K in debt on 4 cards, and I have set up a plan to pay off the deferred card on time, and the ...
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What is the formula for the monthly payment on an adjustable rate mortgage?
Can people tell me how monthly payments are calculated when a mortgage has an initial rate?
What is the formula?
I have seen online calculators but not formulae.
My guess is:
We assume that the ...
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$140,000 student debt. What are my options? Please help
As the title states, I am about to finish my PhD with $140,000 dollars worth of student debt. Assuming I even obtain my desired position—a university professor—my salary will be in the upper $40,000. ...
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What do you do when a family member won't pay you back?
What do you do when a family member won't pay you back?
user454
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Myth, or not: If using a secured card to build credit, paying off in part each month has more benefit than paying in full?
Does paying off a secured credit card in full each month not allow me to build a credit history?
I'm asking because reading about regular credit cards indicates that paying in full helps build a good ...
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Can I draw funds from a personal line of credit to pay its own monthly "minimum payment"?
I can guess the answer to this question, but I can't figure out why. So here goes...
I've got an unsecured line of credit with a limit $30,000.
The annual interest rate is 6%, compounded daily.
Every ...
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First time home-buyer incentives require 3 years of primary residence, but can I move if I'm laid off?
My wife and I are 25-months into an FHA loan (we received a first time home buyer tax credit), and I seem to recall that we cannot sell or rent the property for at least 36-months. That wasn't a ...
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Amortization Payments with a delay in initial payments
Typically a loan is disbursed and a month later is when payments are to be made. But there can be an agreement where it's to be delayed for a year or as short or as long as they want.
I'm wondering ...
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How long do I have to pay back a 401(k) loan?
I have a loan taken out on my 401k through Fidelity. The loan originated on this date: 12/19/2017. I will be leaving my current workplace and moving to a new workplace that uses John Hancock 401k.
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Student loan tips for repayment, consolidation for a pharmacy graduate
I am including the student loan information for a friend below. Also including a link to the excel sheet here There would be about 3,000 left every month after various expenses. Friend is a pharmacist,...
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