26

Maybe from a Credit Union or other smaller bank, but not a big-box bank. why the lack of flexibility? There is a huge secondary market for mortgages through the MBS (Mortgage-backed Security) market. This market consists of millions of mortgages that have sold by banks to other institutions, that package thousands of them together into "bonds" that are ...


16

You are required to supply a Social Security Number (SSN) when claiming someone as a dependent on your tax return. Or, use an Individual Taxpayer Identification Number (ITIN) if they are not eligible for an SSN. In the event of a time crunch (tax deadline approaching) you have two options: Go ahead and file (and not claim them), then later file an amended ...


13

My credit union offers 10, 15, 20 and 30 year mortgages. So there are ones available besides 15 and 30 years. The issue for the banks and credit unions is that if they let a customer pick their duration the correct setting of interest rates becomes more complex. The ones with non-standard duration's may also be harder to sell to investors. One approach you ...


9

You definitely need to find out what 'that person' ever did or didn't do. Nobody here can tell you that. Maybe he never filed your taxes Maybe he didn't file your taxes yet because he was too busy Maybe he is a scammer and took your refund and left Maybe he filed and mistyped your SSN / ITIN, or the amount. Maybe he filed late and the processing hasn't yet ...


9

Laws vary by country/region, but typically the title dictates who owns the car. A co-signer is lending their good name/credit score to help secure financing. They are obligated to pay but generally have no ownership rights unless they are also on the title. This is true in Texas, a co-signer has no legal rights to the car. So, if your girlfriend is the only ...


6

The accepted answer is fine for situations where a dependent does not yet have an SSN, but may not be appropriate for when your spouse does not yet have an SSN. If your spouse is not yet eligible or will not become eligible to get an SSN, you apply for an ITIN when you file your taxes, not before or after filing your tax return. Fill out your tax return ...


5

The major issue with securing coverage from the exchange/marketplace is the calculation of the person's available tax credit. The tax credit is given based on an assumed eligibility. I suspect your brother wasn't ultimately eligible for the entire assumed tax credit, his premiums likely changed as a result and he has been underpaying since. I would ...


5

I've worked for a few mortgage banks and they'd all be happy to give you a 23 year mortgage. Googling "custom mortgage term" returns pages from several other mortgage banks that offer the same. I'd wager that just about any large player in the mortgage market would be able to give you a custom term. It's not a hugely popular feature, though, because you'...


5

I have recently started seeing it in my accounts in Credit Karma. It shows all of the utilization under my name. I was expecting it to show under my wife's account. Is this correct or is this a quirk with Credit Karma? Many people add an authorized user to their account (for example a child or a parent) to improve the credit history of the new user. ...


4

Based on my experience being in sales (talking with salesman and managers, reading trade mags, etc.), as well as my personal experience selling technology extended warranties (a stain on my soul, and the worst task I was required to perform to keep a retail sales job): Most of the time, about 40-80% of a 3rd party warranty's consumer-facing cost is paid to ...


4

TL;DR: Use up the balance for fare cards and use those cards while looking for new work or commuting to a new job as it will probably take a while for any new employee benefits to activate. P.S. After looking at your history: Note that NYC MTA vending machines may have limits on how frequently a commuter benefits card is used (daily/weekly) for adding value ...


4

Is it possible to get a mortgage in the US that is for a different duration? Yes, 15 and 30 year fixed rate mortgages are the most popular, but they are not the only options. Many banks also offer 20-year and 10-year fixed rate mortgages. There are also a host of hybrid loan options (7/1, 5/1, 3/1 ARM). 40-year mortgages have all but vanished, but you ...


3

Your mother definitely owes her brother something. Whether it is legally collectible after all this time, I can't say. Presumably she has deposited, and continues to deposit, the dividends, so the place to start the research is in her current and old records of bank deposits. Also, if the dividends are still coming in, even if she doesn't keep old bank ...


3

Tracking down the history of stock splits and well as corporate splits over the course of 50 years is a real chore. Assuming that the parent company and the spin offs still exist, you can Google for the stock split history. You might get lucky with that. As an example, IBM offers 55 years of split info. You'll have to Google for the details of the ...


3

If your business is not an LLC or a corporation, you cannot take charitable contributions as a business expense. (And as you don't give 1099's to corporations, I'm guessing you're not one.) Pay yourself from the business funds, then use this income to make charitable contributions. You then claim the deduction for charitable contributions normally. Note ...


3

Yes. You sold 100 shares for +$1,500 and 100 shares for -$500. If you buy again within 30 days you will have to top up the cost basis with the $500 loss. The average is irrelevant.


2

Discount brokers make their money from commissions and margin interest, so it is generally in their interest to allow trading in securities where possible. However they have to balance it against risk. The risk can be managed in a number of ways. They may impose higher margin requirements or not offer margin treatment to certain securities at all or ...


2

It is correct. That is something that people who are looking into giving loans would want to see. Think about it this way. If someone had paid off all their cards for the last 10 years but each month the payment was only $100 but secretly, they were spending $5000 a month of their spouses credit card, would you want to know that before you lend them money? ...


2

How much of that $6,000 plus goes to the salesman and his company? Is the answer fairly independent of the company selling the EW? That is the big mystery. The consensus of financial advisors and consumer advisors is that extended warranties are generally not worth the price. That means that a significant portion of the fee is profit, which makes the ...


2

Stock options are hard to value since there is a lot of risk associated with it. The amount of risk varies a lot with the specifics. They are worth less than the projected win and more than 0. The tricky part is: how to put a number against that? You want to look at Strike price vs current price Business plan, future outlook. Is there a market for this ? ...


2

There are two primary indices in India, the NIFTY 50 and SENSEX (30). There are many funds that invest in either of these indexes. While these may not be representative of the entire stock market, they would represent a significant percentage. Most total stock market funds are capitalization weighted, so proportionately invest more in the larger market ...


2

There is little need, as you can always overpay or payoff early. Basically, if you want a 23 year mortgage, you take a 30 year, and simply overpay each month a bit, and after 23 years it happens to be paid off. The exact amount is not basic math but not too difficult either to calculate, the web is full of calculators. You also have the extra advantage ...


2

Generally there are tax benefits from filing as a married couple, specifically if one spouse has a very different salary. It can pull you into a lower tax bracket overall since everything (brackets, deductions, etc.) is roughly doubled, so one spouse gets the benefit of any "unused" margin that the other would not get to use as an individual. That said... ...


1

"Independent consultant" usually implies that you're not a direct employee. The IRS describes the difference for tax purposes in an article on their website. Assuming the company you're working for is considering you self-employed, they will report your wages via 1099-MISC (used for independent contractors, based on you providing them a completed W9), not ...


1

As I understand it, it is mandatory to be an "exempt individual" as a student if you have not been an exempt individual for some part of 5 previous calendar years. (If you have been an exempt individual for some part of 5 previous calendar years, then you are by default not an exempt individual as a student unless you claim a closer connection to a foreign ...


1

If Medicaid is not helping with the dental bills in your area there are still options available to you. You can always purchase a private dental plan. There are many carriers out there that supply these and they generally cost 30-50 dollars per month for an individual. If you cannot afford one of these, you can utilize a site, such as NeedyMeds (https://www....


1

Just adding on to the points above, I won't reiterate what they said but something you seem to be missing is the massive benefits of the Roth. You SHOULD NOT take money out of your Roth ever unless you are retiring or have no other money left. The reason that the Roth is so powerful is because you have already paid taxes on that money. It now grows much ...


1

Yes, you would have to pay taxes on both the interest and the appreciation of the RS. It would be counted as trading foreign currencies. There are a couple exceptions in the law but this would not fall under one of them. The exceptions normally occur in cases like you sell an asset in a different currency and while you are waiting for payments to clear, the ...


1

Adding on to DJClayworth's answer, the main problem is that the creditors will declare delinquency on the debt, which basically means that they have no expectation of ever getting that money back. They will typically also sell the debt to a debt-collection agency, which will make your girlfriend's life hell in trying to recollect the debt (contact the FTC if ...


1

I think I've figured out how this works, though I haven't yet tried it. When the Treasury Bill is sold, the sale is reported (like any security sale) on 1099-B. It will list the amount I paid for it, the amount I sold it for, and (here's what I hadn't realized) in Box 1f the "Accrued market discount" lists how much of the gain is due to interest rather than ...


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