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Results tagged with loans
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user 19474
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.
9
votes
Accepted
Construction loan for new house replacing existing mortgaged house?
So let's assume some values to better explain this. For simplicity, all of these are in thousands:
Lot value: $50
Current house value: $200
Current total market value: $250
Current loan amount: $1 …
- 1,727
46
votes
Accepted
Why are 30-year mortgages seen as unwise, if you can pay off the loan in a shorter period of...
Two reasons are typically cited (I've heard these from Dave Ramsey):
Generally you get a little better rate on a 15-year loan than a 30-year loan, so equal rates at 15 and 30 years is (typically) a …
- 1,727