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What happens to subsidized loans for college if you take a summer off?
Dec 31st
Subsidized loans for college, says the goverment pays the interest as I attend school at least on a half time student. Which is 6 credits a semester. But what if I only take one (3credit class) or even take the entire summer off? Will I be responsible to start paying for my loans, even if I would go back in the Fall Semester?
How will paying for a car loan on a repo car affect my credit score?
Dec 31st
My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound right to anyone?
How would it really affect my credit if I pay off the loan now?
How would it really affect my credit if I pay off the loan now?
What happens to the status of student loans if I transfer undergraduate schools?
Dec 30th
I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven’t just stopped going to school (and thus cause my loan payments to become due)? Or must I obtain enrollment verification from my current school and send it to each loan agency myself?
What are the ins and outs of getting a construction loan to build a home?
Dec 29th
My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we are first time homebuyers we do not have much collateral (we do have some savings, but not a ton), would that affect our ability to get a construction loan?
What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?
Dec 23rd
There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?
Can student loans prevent you from leaving the US?
Dec 23rd
If I am a US citizen with student loans (about 13k) will I be allowed to leave the States?
I am planning on moving to another country for a period of time in order to get married to my fiancee. However, I intend to return to the States and pay the loans in any case.
I am planning on moving to another country for a period of time in order to get married to my fiancee. However, I intend to return to the States and pay the loans in any case.
What loan forgiveness programs are out there for those in education?
Dec 19th
I keep hearing references to new loan forgiveness programs for those of us in education. I am a teacher with student loans to repay, and additionally am in the middle of another masters program and have student loans for that. Is there any substance to a loan forgiveness for educators, and if so…how do I find out how to qualify for it?
How many US auto loans and home mortgages financed by banks are out there?
Dec 19th
I’m trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It’s for a school project.
How exactly does a secured loan work?
Dec 15th
If I got a secured loan against my home and I sell me home, do I have to pay my unsecured loan off when I sell my home? Or can I continue to have my loan and pay it off every month for the term of the loan?
No, I am not talking about a home equity loan. A secured loan against my home- do I pack that back when I sell my home or not?
No, I am not talking about a home equity loan. A secured loan against my home- do I pack that back when I sell my home or not?
Is paying off defaulted loans that aren’t on my credit report going to help my credit score?
Dec 15th
I owe $9,000 in student loans. They just started garnishing my wages for $500/month. The loans were from 1998 and do not appear on my credit report. The collection company told me that once they’re paid off that they will appear as not in default on my credit.