26 votes
Accepted

What is the best way to loan money to a family member until CD matures?

I will first look at your three scenarios: I could gift her $37,000 and ask her to pay it back later. But that exceeds gift limits and also seems “wrong” as it isn’t a gift. The lender will notice ...
mhoran_psprep's user avatar
4 votes
Accepted

Should I pay off first auto loan or home loan?

The banks here almost always require to re-discuss the loan every 10 years, so I can expect interests to go up in 2029. How do you know that? We have 2023 now, inflation is said to go down within the ...
glglgl's user avatar
  • 5,416
4 votes

Do lenders consider stocks and bonuses as part of your income?

My experience it that if you can show it to be consistently part of your income, then yes. Some banks have special deals for employees of some larger companies where they wave the tenure requirement. ...
littleadv's user avatar
  • 174k
4 votes
Accepted

How much does having an installment loan in your credit history matter vs simply having a good credit score?

There's no way to answer this since different lenders have different underwriting policies. For what it's worth, I haven't seen a mortgage where the requirements were that the credit history had to ...
littleadv's user avatar
  • 174k
3 votes
Accepted

Comparing two home loans with and without an upfront fee

This is a pretty common construct of pre-paid interest (which in the US is called "mortgage points"). Banks offer you a lower interest for an upfront fee so that you don't refinance ...
Hilmar's user avatar
  • 7,860
3 votes
Accepted

How common is it for appraisals to come in at exactly the offer price?

How common is it for appraisals to come back at the exact offer price? From my experience - pretty often. The appraisers know what the listing price was and what the contract price is. If they do, ...
littleadv's user avatar
  • 174k
2 votes

Should I put my mortgage in deferment?

I'd never heard of mortgage deferment, so some of this is assumptions. But: I presume there are costs associated with it, presumably adding interest for the time it is deferred and possibly increasing ...
keshlam's user avatar
  • 46.5k
2 votes

Do lenders consider stocks and bonuses as part of your income?

Just to share my experience, it varies from lender to lender. Some lenders are more conservative and are unwilling to consider bonuses and stocks; some lenders are willing to consider them, but with ...
xuhdev's user avatar
  • 158
1 vote

Do lenders consider stocks and bonuses as part of your income?

The lender will have to determine if they are comfortable about including overtime and bonuses when determining the expected monthly income. They want to to see that it is consistent over a period of ...
mhoran_psprep's user avatar
1 vote

How to calculate PV of annuities for a home loan

There are a few things to consider even before comparing the rental to alternative investments: Can you cash-flow the mortgage payments, insurance, and taxes if the house goes unrented for 6 months (...
D Stanley's user avatar
  • 135k
1 vote

How to calculate PV of annuities for a home loan

For the real estate scenario: Calculate net cash flow by subtracting mortgage payments from rental income monthly. When the mortgage payment exceeds rental income, use your monthly income to cover the ...
Parvez's user avatar
  • 347
1 vote
Accepted

Can a French plan épargne logement (PEL) be used to purchase a property located outside France?

Most likely NOT The French PEL is a type of government backed saving account. There are various rules about the length of time the account can be opened, and minimum and maximum amount the account can ...
Hoki's user avatar
  • 284

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