Question by rock5tar: do dealerships buy used cars on bank loans?
I have a 1999 bmw for sale but it is on a loan from wells fargo, will a dealer buy it?
Best answer:
Answer by Elvis Parsley
A dealer doesn’t care about the loan – they just want clear title so if they are willing to give you enough to pay off the loan, they will do that and you keep the extra funds
Give your answer to this question below!
The President and the Bank Would Like to Save Your Home From Foreclosure – Bank Loan Modifications
Have you been hit hard by the current economic downturn? Is foreclosure looming in the near future, and you really don’t know quite what to do? It might surprise you to know that the President and your bank do not want you to lose your home. If you qualify, a Bank Loan Modification under the Housing Stimulus Package may help you avoid foreclosure.
President Obama has allocated 75 billion dollars to fund this program. Banks are paid a financial reward of One thousand dollars for rewriting mortgages that are already on the books, but adjusting the loan so the monthly payments are lower. This allows the homeowner to have a chance to avoid foreclosure.
The banks are motivated through this financial incentive, but, in truth, they do not like to do foreclosures. Foreclosures are expensive and time-consuming for them. And, in this economic climate, the homes may sit empty for many months or years. So, the banks do not want you to lose your home.
You might qualify for assistance under this program. If you have experienced financial hardship, you may be partially there! Financial hardship in this instance refers to something happening that lowers your income or raises your expenses, and you have no control over it. You have to prove it with documentation. You also have to make a case for it in a letter called a Hardship Letter.
The flip side of the income coin is that you also have to prove that you have enough income to support the modified payment, and that you are committed to making the payment. Of course, under this program, you are rewarded with one thousand dollars for every year up to five that you are current with your payments!
To save your home, click here to learn how to qualify for President Obama’s mortgage modification loan
Article from articlesbase.com
Video from our FREE Online Business Course www.myownbusiness.org Session 9 How to Finance Your Business Question “Are there any recommendations you would have for somebody looking to make a financial request to a financial institution?” Rod Banks Executive Vice President, City National Bank Topics covered in this video: Business loans, financing, banking, honesty Transcript: One of the best things a new entrepreneur can do is to think of their banker as a financial partner. Building a relationship with the bank, with the institution, with the individual is going to be the key. I would find someone who is really interested in your business: who will take the time, who will come out and take the tour and who will ask all the appropriate questions. Because if you think about it, this is the individual who is going to be your representative back to the bank to talk about your business. Now on your end you should invest the proper time to build the relationship with that banker. Get to know them. Find out how long they have been with the bank, find out about their career and make sure that you stay in contact and build a relationship over time. And the last piece of advice I’d offer is that no matter what the information might be about your company, always share it. Bankers want to know as much as they can about your business. They don’t like surprises. If you have bad news they would much rather you deliver it as opposed to having the bank hear about it second hand. So good …
Question by natasha: Where does all the money come from when the bank gives out loans?
I know the money has to come from somewhere. But the money in the bank is people’s money. It all belongs to people. So where does the money come from when they give out loans. They can’t be giving out people’s money to other people, right? I don’t want guesses…I want a real answer…Do some research before and then get your 2 points {and answer my question correctly!!!} THANKS!!!!
Best answer:
Answer by Wyld Bill
that is exactly where it comes from.
banks invest their depositors money to make money for the bank to pay salaries, maintenance, and other costs associated with running a business. some of that money is invested in outside investments other is used to make loans.
ideally you want to charge more in interest than you pay to depositors. quick example the bank i work for has a 1st position home refi loan. it is at 5.24% apr. we are paying on our highest demand account 2% apy. therefore we are making a profit because we are paying less than being paid.
5.24-2.00=3.24 gross margin
the problem is the banks are making risky loans(or were). and we can see what has happened. they allowed their capital levels to get to low and banks are failing. over 70 this year last time i heard.
Add your own answer in the comments!
(PRWEB) July 15, 2005
Wheatworks is pleased to announce the release of Loan Spread Calculator Pro 4.0, a financial calculator for Windows. One of Wheatworks’ most popular calculators, Loan Spread Calculator Pro makes it easy for users to quickly compare 135 loans at once. Loan Spread Calculator Pro simultaneously displays results of the loan comparisons on an answer grid that is easily configured with flexible ranges.
The new Loan Summary feature in this update allows users to drill down into the details of any of the 135 loans being compared by double-clicking on the answer grid. The Loan Summary window then appears which offers the following details about the selected loan: the amount borrowed, payment frequency, term, annual interest rate, payment (PI), payment (PITI), total principal paid, total interest paid, total principal and interest paid, total taxes paid, total insurance paid, total taxes and insurance, and total paid over the term (PITI)
Designed for consumers and financial professionals, Loan Spread Calculator Pro is a powerful loan calculator that displays the time value of money in a comprehensive manner. Users choose whether Loan Spread Calculator Pro fills the answer grid with loan amounts, interest rates, terms, or payment amounts based upon the loan variables the enter.
Users appreciate the clear way Loan Spread Calculator Pro defines the financial “ball park” by quickly identifying the range of payment amounts available for different loans. Loan Spread Calculator Pro makes it easy to compare loans and find the loan scenario that best fits one’s financial condition.
Professionals are attracted to Loan Spread Calculator Pro by the ease with which multiple loan scenarios may be compared over different ranges of payment amount, terms, frequency and interest rates.
Loan Spread Calculator Pro includes integrated help, a pop up calculator, a decimal/fraction interest rate conversion chart, provides automatic hints, and includes an integrated Upgrade Center for easy, free, online updates.
Loan Spread Calculator Pro may be purchased for .95 online at http://www.wheatworks.com. Site licenses and volume discounts are also available for company purchases. This release is a free upgrade for registered users.
Learn more and download a fully-functional evaluation version of Loan Spread Calculator Pro from http://www.wheatworks.com/loancalculator.htm or contact Wheatworks Software, Post Office Box 7, Ruston, LA 71273.
For additional information about this and other innovative financial software by Wheatworks Software, LLC, visit online Press Center at http://www.wheatworks.com/press.htm
About Wheatworks Software, LLC
Since 1997, Wheatworks Software has created financial calculators for consumers, professionals and corporate clients in the banking, real estate, mortgage and financial services industries.
CONTACT INFORMATION:
Rick Wheat
Managing Partner
Wheatworks Software, LLC
http://www.wheatworks.com
Loan Spread Calculator Pro is available for magazine cover disks.
Click here to download a fully-functional evaluation copy:
http://www.wheatworks.com/LSCSetup.exe
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Question by BornAgain: for apartment credit reports does unpaid credit cards or paid bank loans count ?
i got 3 unpaid credit cards that i maxed out and didn’t pay off, havent made a payment on them for years, but i did pay off 2 bank loans 6 years ago. made regular payments to the bank for around 2 years and other for around a year
and i had a cellphone contract that i paid for 2 months then never paid again a few years ago
Best answer:
Answer by cdslsmn
Depends on the creditor and which credit bureau they look at
Give your answer to this question below!
Carlsbad, CA (PRWEB) April 13, 2008
More undergraduates are turning to federal student loan funding to pay for college than in the past, according to a recent survey by the National Center for Educational Statistics. The student loan survey looked at college financial information over a 15 year period, and showed that the number of students taking out Stafford loans has increased across the board. StudentLoanCenter.biz, an online student loan servicing network, is available to help in a time when paying for college is more difficult than ever.
The student loan survey found that while 57 percent of undergraduates relied on a federal student loan in the 1995/1996 school year, 73 percent depended on subsidized and unsubsidized Stafford student loans in 2003/2004. Approximately 36 percent of financially independent undergraduates that used government student loan money in 2003/2004 took out the maximum subsidized and unsubsidized combined loan amount. This was an increase of 13 percent from the 1995/1996 school year.
This survey shows that student loan servicing is more important than ever for undergraduates, as the costs of getting an education continue to increase and many parents are unable to cover the costs for their children. The increased demand for government student loan funding also comes at a time when three large banks and dozens of other lenders have stopped their federal student loan offerings.
Student loan borrowing has increased the most for lower middle class, upper middle class and high income groups, according to the survey. Clearly, the increased demand for government student loan funding crosses socio-economic lines, and it is imperative that money is available to keep the number of college educated Americans high. The team at StudentLoanCenter.biz would like to remind students and parents that federal student loan money will remain available to anyone who qualifies. Some current students might have to use a different lender when they get their next student loan, but with a little assistance and information anyone can get the money they need to pay for college.
For more information about federal student loan funds, visit www.studentloancenter.biz.
About Student Loan Center:
The team at Student Loan Center has created a Web site to help students get through college without relying on help from parents or traditional loans. Students can get a large loan at a low interest rate while finishing college without worrying about money. Student Loan Center has the experience necessary to help students with any kind of information about repayments or interest rates.
StudentLoanCenter.biz was created by a team that is dedicated to making the whole process of getting a student loan much easier, and the most important part of this is accurate information. Students can learn everything they need to know about student loans, so they can easily pick the one that suits their situation. Anyone with questions or concerns about student loans can enter their Web site to get the answers they need.
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San Diego, Calif. (PRWEB) July 13, 2008
Today, Vibra Bank announces the successful close of its Initial Public Offering and the Grand Opening of its headquarters in Chula Vista.
Just six months after announcing its IPO, and nearly 200 investors later, Vibra Bank has raised .8 million in capital. Well in excess of the minimum required to open, this capital reflects the strong support that exists for Vibra Bank’s concept of a bi-cultural community bank with a focus on serving businesses in Chula Vista, the South Bay and the entire San Diego region.
Vibra Bank will hold its Grand Opening on July 23, 2008, at its headquarters located at 530 Broadway in Chula Vista. Mayor Cheryl Cox and representatives from the Latino and South Bay business community will be on hand for a special ribbon cutting ceremony at 10 a.m., followed by food and festivities.
“This is an exciting day for Chula Vista,” said Mayor Cox. “Vibra Bank is a unique bi-cultural community bank that will be a great asset to the residents and businesses of Chula Vista. We’re thrilled to welcome them to the neighborhood.”
Howard B. Levenson, Vibra Bank Investor and Board Member agreed, noting the San Diego community has gone without a bi-cultural bank for over 20 years. “This has been a long time
coming – and the fact that they’ve been able to accomplish this under the current market conditions is a testament to the strength of this venture.”
“Vibra Bank is different from other banks because we’re able to offer our customers a personalized banking experience to meet their specific needs.” said Vibra Bank President and CEO Scott Parker. “We’re committed to providing our customers with first class service that changes the way they view the customer/banker relationship. We want them to succeed and we’ll do everything we can to help them move forward.”
Vibra Bank will offer customers a wide range of services to meet their needs, including online banking and remote deposit (http://www.vibrabank.com). In addition, Vibra Bank is expected to generate a full range of loan products, while focusing on loans to businesses and business owners.
Their commercial and industrial lending products will include both secured and unsecured credit lines, term credit for fixed asset purchases, letters of credit and loans that qualify under the SBA guaranty programs. Commercial real estate lending products will include loans on retail, industrial and office properties. Vibra Bank will also offer carefully selected construction financing. A variety of consumer financing products will also be available to customers.
Based upon an initial capital level of .8 million, the Bank’s lending limits can comfortably accommodate maximum credits to one borrower of approximately million on a secured basis or .8 million on an unsecured basis. Loans which exceed the Bank’s legal lending limit may be extended if participation agreements are in place with Vibra’s correspondent banks or with other community banks in order to sell a portion of the loan and reduce the Bank’s exposure. Vibra Bank will not engage in subprime single-family residential lending.
Vibra Bank’s board includes notable names from the San Diego and Latino business and banking community, including Enrique Schon, Chairman of Vibra Bank’s board and Founder of Mexico’s Banco Mifel and President SARSAP, a major Tijuana commercial real estate development firm; former San Diego Police Chief David Bejarano; Howard B. Levenson, former Chairman and CEO of Western Financial Corporation/Co-Founder Southwest Community Bank; Jeffrey Davidow, President of the Institute of the Americas and former United States Ambassador to Venezuela and Mexico; Luis Maizel, Senior Managing Director and Co-Founder of LM Capital Management and LM Advisors, the second-largest Hispanic money management company in the United States; Max Freifeld, partner in Prediales Atenas S.A. de C.V., a real estate investment company, and partner, board member and consultant for Autos Orientales, S.A. de C.V., a Nissan automobile dealership in Mexico, and also Founder and former Director of Hipotecaria Nacional and Hipotecaria Vanguardia; Maru Davila, Chair of the Board and Chief Executive Officer of Corporacion de Telecommunications Regionales, a telecommunications company she founded in Mexico; and Gershon Jaffe, Certified Public Accountant and Chief Financial Officer of Jaffe Finance Company, LLC, which specializes in asset-based financing and leasing for professionals.
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Question by Cristy Goderich: Looking for a loan of 00 payday loans, my credit is not good for a bank loan?
I have steady income and solid employment history, I need $ by 3/5 for rent. I am trying to make ends meet and need a break. Thanks
Best answer:
Answer by freedom fighter 1
forget it peps with great credit arent getting loans banks arent lending better trin those 1800 commericals
Add your own answer in the comments!
Bad Debt Bank Loan 000 Loan Today
Bad Debt Bank Loan 000 Loan Today
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Article from articlesbase.com
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Question by Ð4MÃN!™ (End the Fed!): Did you know that the Federal Reserve Bank loans money to us and our supposed enemies?
That’s right – the Federal Reserve has provided monetary support for every war since its creation in 1913 (including World War II).
Prescott Pharmaceuticals(founded by George Bush’s grandfather – Prescott Bush) funded Hitler.
Best answer:
Answer by Brian
George Bush’s grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
Check this link out:http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar
Know better? Leave your own answer in the comments!
