Questions tagged [loans]
This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.
1,138
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29
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9
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Should I pay cash or prefer a 0% interest loan for home furnishings?
I live in France. I bought an apartment with a mortgage a month ago.
I've been buying plenty of stuff for this apartment like furniture, decoration, oven, etc. And I still need to buy other stuff.
I'...
- 401
28
votes
6
answers
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Why will the bank only loan us 80% of the value of our fully paid for home?
We own Land and a home, wanting to downsize and just buy a home and lot. We do not owe anything on our land and home, but have asked about a loan using our land and home as collateral, but, even ...
- 281
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votes
6
answers
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Loan to son - how to get it back
A few years ago, we loaned our son money to start a business, which did not flourish. Yep, we know now it was a bad idea. But now, we owe $54k on our equity line, which he is only paying interest on....
- 281
27
votes
5
answers
12k
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Buy house with down payment, no loan, sell instantly
I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate.
The author of the book describes a scenario in which a property is found for a cheap price (auction in this ...
- 387
26
votes
6
answers
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Does borrowing from my 401(k) make sense in my specific circumstance?
I know the standard answer and understand that I will be losing out on that compound interest, but I am young and only need to borrow a few thousand. here are some more details:
Need to borrow $6500 ...
- 433
26
votes
7
answers
12k
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Why do people use mortgages, when they could just pay for the house in full?
I would like your recommendation on whether you should buy a house with a mortgage, which you would pay as you go, or should you buy it in full.
Alex
26
votes
8
answers
11k
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To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month?
I am a new college graduate with a student loan of $17k at 6.8% interest. The monthly minimum payment due is $193. I have been paying the minimum amount, and then taking that same amount and placing ...
- 363
25
votes
7
answers
22k
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Should I pay for a computer up-front or on finance?
This reads a bit like a home-work question, but this is actually my situation. The job I've taken is a BYOD (bring your own device), workplace and I prefer to use my own equipment.
I've just started ...
user67312
25
votes
5
answers
9k
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Who gets the interest on a 401(k) loan?
I was looking at some information about my 401(k) and noticed that it's possible to take out a loan from your 401(k) - it was something like 6.5% interest, which probably isn't as good as a ...
- 1,159
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7
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10k
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Can my dad remove himself from my car loan?
I bought a new car from a dealership, and my dad agreed in front of my husband and my mother to co-sign for me. The dealership allowed me to take the paperwork out to my dad's house and have him sign ...
- 259
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votes
5
answers
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Options for paying for a nonreturnable leased vehicle
Late last year, my girlfriend's car was stolen and subsequently destroyed. This car was a leased vehicle. For reasons beyond her control‡, the insurance had lapsed a few months prior. The ...
- 341
24
votes
1
answer
6k
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Paying off home mortgage and lender wants a "Recording Fee"
So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay!
I asked my lender for a "payoff" statement, which provides an accounting of ...
- 53.1k
23
votes
7
answers
8k
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Would it make sense to take a loan from a relative to pay off student loans?
Together my wife and I have about $80,000 in student loans. My mother in law is in the process of selling her house. We proposed the idea of borrowing ~$50000 from her, once she sells, so that we ...
- 333
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votes
10
answers
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Someone asks you to co-sign a loan. How to reject & say "no" nicely or politely?
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is not a life-or-death type of situation. ...
- 31.7k
23
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4
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5k
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Would it be advantageous for me to pay off these two credit cards and cancel them with a 401k loan?
I'm considering taking a loan on my 401k in order to pay off and close 2 credit cards. I have approximately 30 years until I consider retiring. The amount of the loan will be $1700 which is less ...
user27010