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Archive for the ‘Personal Finance’ Category

 

On defered interest mortgage loans, is the defered interest just added or does it gain interest to?

Thursday, September 18th, 2008
mortgage loans
cj asked:


meaning if my balance is $500,000 and i defer $2500, am i now paying interest charges for $502,500?
I appreciate your concern, however im earning 30% on what im deffering wich is alot more than what is snowballing

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I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal?

Monday, September 8th, 2008
mortgage loans
Ram asked:


I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal loans here in the US. If so who should I contact. Please advise. Thanks.

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In relation to mortgage loans what constitutes a low credit score?

Wednesday, September 3rd, 2008
mortgage loans
Boat Junkie asked:


I have been reading lots about the housing crisis and have learned that the loans for new mortgage loans for people with low scores it getting harder to aquire. What constitutes a low score? 600? 590? 650? 625? I am now ready to buy my first house and am finding out that my scores may prevent me from getting a loan.

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What do you think of Chicago’s public schools? Loans payday and mortgage loans, home loans?

Thursday, August 28th, 2008
mortgage loans
Austreverto N asked:


Thank you! so much, I need the information for an ariticle im writing.

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Why did the investment bankers think it was profitable idea to securitize bundle bad mortgage loans?

Sunday, August 3rd, 2008
mortgage loans
Kuntree asked:


First I don’t understand why banks would loan money to someone with bad credit or not having the means to repay. Second I don’t understand why investment companies like Bears Stearns would repurchase the loans from the banks. Securitize them and sell them as bonds. What are they learning at these prestigious business schools? How to be a licensed crook? The credit rating agencies are seem to be payed by not assigning the proper credit ratings. The country is falling apart because people don’t have the discipline to live within there means. Greed is running rampant.

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