| Subject | Date Asked | Expert |
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| grants | 7/7/2009 | JT Holt |
Q: I was hoping you would know of some grants to help buy land to start a business on. help please ...
A: The answer to this question depends a lot on the type of business and what type of community you are ...
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| Liens and Foreclosure | 7/4/2009 | Mike Weikle |
Q: Weikle, My mother and grandmother bought a townhouse in July 2000; both names are on the mortgage ...
A: Since the lien is against your grandmother, the State of Washington cannot go against your mother to ...
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| SBA loan | 6/19/2009 | Mike Weikle |
Q: I am considering opening a small business and have been approved for an SBA loan in CA. My home ...
A: Yes, under the terms of the SBA loan agreement, the Bank whose loan is guaranteed by the SBA could ...
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| car liens | 6/16/2009 | Mike Weikle |
Q: I'm not sure I have the right expert, but I was unable to find a car lien expert on site. I have a ...
A: I cannot answer the question without knowing the state in which the judgment debtor resides. ...
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| Buy a business financing | 6/11/2009 | Finance Guy |
Q: I'm looking to purchase an established fast food restuarant. It has been in business at the location ...
A: With your recent BK and resultant credit scores, the bank will certainly say no. But ask for seller ...
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| Mortgage Interest Rates | 6/10/2009 | Bobbi Buehl |
Q: We applied for a 30 mortgage loan in February 2009. (to buy out my former wife half interest in our ...
A: The first thing I'm going to say is this; I'm having trouble seeing that any bank would tell you ...
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| lake property | 5/31/2009 | JT Holt |
Q: we are looking at buying an acre lot, with 350 ft water frontage. there is not a structure on the ...
A: Jennifer, Most construction loans are set up on some type of variable or adjustable rate with a ...
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| Auto Loan Contracts | 5/29/2009 | Mike Weikle |
Q: I have fallen behind on my loan payments, just hit 100 days. I finally have the funds to bring the ...
A: I apologize being so late in responding. I am not sure why I did not receive notice of your ...
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| car loans | 5/14/2009 | JT Holt |
Q: My mortgage company indy mac filed for bankruptcy. Since then my bank has not been able to send ...
A: You may want to try financing a car utilizing a local commercial bank or credit union rather than a ...
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| Direct Pay letters of Credit | 5/8/2009 | Mike Weikle |
Q: I understand that you can finance commercial real estate acquisitions with taxable floaters if you ...
A: Yes it is feasible as DPLOC provides a credit enhancement that will lower the borrowers overall cost ...
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| finance | 5/5/2009 | Mike Weikle |
Q: The first I wanted to ask you is that during investment appraisals the NPV and IRR techniques ...
A: NPV and IRR techniques assumes tomorrow’s money has less value than today…..is this always true? ...
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| FHA loan | 5/4/2009 | Bobbi Buehl |
Q: We were told by our FHA specialist loan officer that to be eligible for an FHA loan, we had to have ...
A: I'm not really sure what you are asking. If you are asking the question "Can we use the house as a ...
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| Grant for Small business | 4/30/2009 | Finance Guy |
Q: I am working on a business plan, where this specific business would help the economy and interests ...
A: It is possible to receive a grant or an SBA loan, depending on the business plan, pro forma, your ...
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| thinking of refinancing | 4/18/2009 | Bobbi Buehl |
Q: I am thinking of refinancing to take advantage of the new rates. I'm not sure it would be worth it ...
A: Do not refinance!! By the time you add closing cost to your loan and the rate you'd get ...
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| When must a loan financer accept payment? | 4/18/2009 | Mike Weikle |
Q: Our car loan to Wachovia Dealer Services was due on 3/13. We couldn't pay then, but mailed 52% of ...
A: Are you aware Wachovia Bank was recently bought by the Bank of America? In my opinion it is ...
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| Do we qualify? | 4/6/2009 | Bobbi Buehl |
Q: I am looking to get a personal loan to buy a boat. I have a 608 score and my wife 646. We bring in ...
A: I can tell you this. If you pay off some of that debt, which will raise both of your credit scores, ...
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| My Start Up | 4/1/2009 | Finance Guy |
Q: I am currently writing up a business plan for a small start up business. I am a massage therapist ...
A: Barry, The scope of your question is too broad for a full discussion here. You should talk to the ...
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| Buying A Coffee Shop | 3/26/2009 | Finance Guy |
Q: The business is in a leased space and it is for the business and property that they own in the ...
A: Here is an idea... Consider why Starbucks is closing 1,000 coffee shops... Consider why this on ...
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| loan pay-off | 3/24/2009 | Finance Guy |
Q: I have a loan balance of $680,000. Payments are twice per year with 2.5 years (5 payments) ...
A: Myself, I would stay liquid and keep the note outstanding. 4.25% is a good rate. There are ...
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| Raffle a car | 3/20/2009 | Mike Weikle |
Q: I don't want to have my truck repossessed but I cannot afford these payments. My payments are a ...
A: You really do need to see if there are any attorneys in your area that can take your case on a ...
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| Raffle a car | 3/19/2009 | Mike Weikle |
Q: I don't want to have my truck repossessed but I cannot afford these payments. My payments are a ...
A: What is different with your circumstances since you bought the truck? Why are the payments ...
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| Second home not investment home | 3/8/2009 | Finance Guy |
Q: My husband and I got "stuck" with a second home which we purchased to move into. We have a mortgage ...
A: Nancy, So sorry to hear of your and your husband's situation. Before I can offer anything, I need ...
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| How to get out of an equipment lease | 3/3/2009 | Finance Guy |
Q: I leased equipment and I am finding that it is not making me the money I hoped it would and I can't ...
A: I am sorry to hear about your situation. Usually a lease is non-cancellable. Your lease probably ...
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| Vehicle Voluntary Turn Over | 3/2/2009 | Mike Weikle |
Q: We have a car that we have purchased March of 2008, I've been trying to get the car re-financed ...
A: Why have you been unable to get the car refinanced? I assume your credit was good enough to get it ...
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| equity loan | 2/23/2009 | Mike Weikle |
Q: i took out a equity loan for a good friend who was in financial trouble. He has not paid be back ...
A: Did your "good" friend sign the home equity line note? Did you just hand over the money to your ...
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| Problems with finance company | 2/19/2009 | Bobbi Buehl |
Q: my daughter has her car financed with Toyota. She didn't receive a statement this month so she got ...
A: The only logical explanation I can think of for this to happen is; your daughter has a common name ...
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| rates | 2/19/2009 | Bobbi Buehl |
Q: I was talking with my mortgage guy and he said the way to find out what the actual rates are ...
A: I wish I did know of a place to go to find this information myself. But, to the best of my ...
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| Larger acreage purchases | 2/18/2009 | JT Holt |
Q: What is the best way to finance 100 to 150 acres farm or ranch land in Texas. Is it better with a ...
A: Ronald, Obviously the answer is to finance it with our company! Visit: www.landloanspecialists.com ...
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| personal loan from Daughter | 2/17/2009 | Bobbi Buehl |
Q: My wife and I want to build a new home and my step daughter wants to loan us part of the money we ...
A: To answer your question; I do not see a problem, or see you breaking the law. As long as you have ...
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| bank drafts | 2/12/2009 | Mike Weikle |
Q: My wife and I have a pretty basic question. How can a company go into a person's checking account ...
A: Your issue is not really with your Bank. I expect the credit card company represented to your bank ...
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| Small Business Loans | 2/10/2009 | Mike Weikle |
Q: If a person draws a line of credit agreement with a bank under his/her incorporated business name ...
A: I assume each of the owners personally guaranteed the debt or co-signed with the company to get the ...
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| Getting a loan with bad credit & co-signer | 2/2/2009 | Mike Weikle |
Q: Any recommendations of where to get a personal loan for debt consolidation (about $5k) with a ...
A: When the co-signer has good credit, the best place to go is the co-signer's bank where he has ...
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| rude creditor | 1/31/2009 | Mike Weikle |
Q: We bought an used van in the summer of 08. A few days later we started having problems with the ...
A: CALL THE POLICE AND REPORT WHAT THIS PERSON IS DOING AND THAT HE MAY HAVE SOLD YOU A STOLEN ...
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| My vehicle loan...big problem | 1/30/2009 | Mike Weikle |
Q: I financed a new truck with my bank 2 years ago. I didnt have any established credit therefore my ...
A: Your Bank may have created a problem for itself in handling your loan in this manner. This just ...
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| Collection Law | 1/22/2009 | Mike Weikle |
Q: Where can I obtain a listing of maximum allowable collection fee by each state? ANSWER: To answer ...
A: Is there a written contract for the student loan? Is it a federally insured student loan? Is the ...
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| loan approval or disapproval! | 1/17/2009 | Bobbi Buehl |
Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ...
A: Hakan, I'm afraid this beyond my expertise. You are doing the best thing you can do by handing this ...
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| 50M | 1/15/2009 | Mike Weikle |
Q: I would like to know what you would expect the interest rate would be on a loan of 50M for a ...
A: 100-150 basis points over prime may be available. However, there are a number of variables that ...
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| Collection Law | 1/14/2009 | Mike Weikle |
Q: Where can I obtain a listing of maximum allowable collection fee by each state?
A: To answer the question, I need to know what type of collection fee you want this information : ...
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| Early payoff for car loan | 1/12/2009 | Finance Guy |
Q: If I pay my car off early - 3 years, should I get some discount on the interest not used - like a ...
A: In theory, yes. However, it depends on your finance contract. An easy way to determine this is to ...
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| frontloading interest | 1/7/2009 | Finance Guy |
Q: We borrowed from a credit oompany to pay for semi truck liability insurance, it was for 10 months @ ...
A: Front loading or Rule of 78ths is a dirty little secret of many shady credit companies. However, ...
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