All Questions
6
questions
1
vote
1
answer
147
views
A home loan refinance problem
I have owned my home for 19 years. I purchased the property on my own with no co signer. About 9 years ago I had some credit issues due to an ugly divorce. I refinanced my home and quit claimed the ...
1
vote
2
answers
224
views
Refinancing Loans from USA to India
I have a friend living in USA who is a US citizen. He can take a loan of X$ from a US bank as a personal loan or a business loan. Can he finance my company in India with this loan he availed from USA ?...
3
votes
1
answer
520
views
Effects of past unemployment on mortgage refinance
I have gone through all the steps of a home refinance process, including an appraisal, and am waiting for a final decision. Just a few days ago, the loan officer processing my application asked me ...
2
votes
1
answer
1k
views
Why can I refinance my recent car loan at a lower rate than I had received originally?
I just purchased a new car a month ago at 3.2% APR. This was the best rate I could get at the time.
I currently have an offer from a bank to refinance at 2.25% APR. For a $25k auto loan, this ...
8
votes
3
answers
173
views
Under what circumstances might getting an ARM be warranted?
Specifically, I'm curious about the 7/1 and the 10/1 ARMs. I'm half-way seriously considering refinancing into one of these, mostly because I doubt I'll still be in this house in 7-10 years. I'm ...
2
votes
2
answers
387
views
Is it worth it to re-finance my car loan?
I have 60-month car loan at 4.75%.
My bank sent me a note saying that I am able to re-finance at 3.25%, to either 60 or 48 months.
I am calculating that it will probably save me about 400-500 ...