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Financing -- Loans/Questions Answered by Expert Robert Hanzel

SubjectDate Asked
commercial bank lenders liability1/7/2013
  Q: I have had problems with the community bank holding 2 business and my home equity loan since I ...
  A: Jayne, thank you for taking the time to ask your question and I am sorry you have suffered all that ...
Reverse Mortgage12/30/2010
  Q: I wonder is this your area of expertise. I am a elderly divorcee lady 78 years with early dementia ...
  A: Unfortunately, it depends on the individual institution and loan documents involved. You would best ...
sba loan12/31/2009
  Q: If a business has had a rough time and cannot make an sba payment, is it possible to make an ...
  A: This is certainly an option; however, the decision to allow this is dependent upon the lender ...
Auto Financing12/29/2008
  Q: I bought a 2008 Kia Rio in May of this year, and I told the salesperson how much I wanted my monthly ...
  A: Just about any bank should charge a lower rate than that and I would bet that the only reason they ...
Default of Payday Loan7/2/2007
  Q: I had gotten a loan with cashtransfer. I could pay back loan. I called them to make payment ...
  A: This is a sticky situation and the answer is not exactly black and white. According to the documents ...
Practical Finanicla Management3/16/2007
  Q: What will a person be able to sell a newly issued 10-year, $1000 bond paying 6% interest for, if a ...
  A: Unfortunately, the reason no person can help is because there is no exact answer. The truth is, you ...
Equipment lease3/13/2007
  Q: I leased a POS system for a restaurant, the I personally signed as a guarenter. Wel, to property ...
  A: This appears questionable given the situation you have described. It is my understanding that the ...
mortgage rates3/8/2007
  Q: When the federal reserve raises or lowers rates, I understand that it does not have a direct impact ...
  A: Actually, it does have a direct impact on mortgage loans in that the rates that the Fed raises is ...
home improvement loan finance charges2/23/2007
  Q: Approximately two years ago I took out a second mortgage for home improvements. The bank release ...
  A: It completely depends upon the loan documentation that you have and the rights therein. WIthout ...
question2/18/2007
  Q: I have been paying cash rent every month for the past ten years, and I am still paying $500 every ...
  A: In all honesty there is nothing that you can do to build credit from renting. This is because you ...
new car lease revoked2/9/2007
  Q: I have signed all the papers and taken this car home. The next day the finance mgr calls and says I ...
  A: It completely depends upon the information that you signed when you went to purchase the car. I ...
LAND LOANS2/8/2007
  Q: Some buddies and me are looking to buy some hunting land.We are all ok financially but we do not ...
  A: Should the bank be willing to provide you with interest only financing for the first 5-7 years, this ...
Business Credit lines1/15/2007
  Q: What are the necessary requirements for an unsecured business line of credit?
  A: Every bank is going to have different requirements for their loans. Lending is more an art than ...
pay off loan or invest?1/12/2007
  Q: Robert! I have a HELOC for about 40K, and investments around 100K. I want to pay off the HELOC, ...
  A: It is really dependent upon the rates involved. If your investments pay a rate higher than that ...
hard money trainee1/10/2007
  Q: how do i get into the hard money business as loan rep? training.
  A: There are multiple avenues that you can take, but nothing beats experience. I would recommend ...
Financial backer1/9/2007
  Q: I am a professional artist. I would like to open a Gallery and i would like to know how I would go ...
  A: There are several options in regards to getting financing, but all of them are going to require ...
Small busn Loan1/4/2007
  Q: We need to establish financing for a new construction loan to build mini warehouses. The land costs ...
  A: It sounds to me as though you already have the basics of the numbers worked out. What you need to do ...
HELOC1/3/2007
  Q: I purchased a home over a year ago using a discount from HUD. The discount is a 100% forgivable 0% ...
  A: It is my understanding that the discount applies only to that loan and should have no bearing on ...
Bank Discount Loans12/29/2006
  Q: When a bank discounts a loan, the banker takes the interest from the loan and gives the borrower the ...
  A: I have never heard of this type of financing, nor do I understand what the benefit would be. In my ...
BUISNESS PLAN12/21/2006
  Q: WHERE CAN I GET HELP TO GET A BUISNESS PLAN TOGETHER!
  A: There are many companies over the internet, and probably within the city that you live that can help ...
Lines of Credit12/19/2006
  Q: I am interested in acquiring revolving lines of credit for my business. Can you diect me to the best ...
  A: Unfortunately, there are too many variables involved for me to direct you in any particular ...
Loan12/17/2006
  Q: Last year I ran up some credit card debt due to a home improvement project(about 10k). I was an ...
  A: Well, this is a tough question and I don't think that anyone quite understands exactly how they ...
refinance car loan12/14/2006
  Q: I have a 13.5% interest now and 10 payments made on a 66 month term. Could have a 10% interest on 60 ...
  A: The lower interest rate and shorter term will eventually cause you to pay less in overall interest, ...
Re: refinancing our mortgage12/5/2006
  Q: I am such a worrier and that is why I am asking this question. We are refinancing our mortgage thru ...
  A: You definitely sounds like a worrier, and unfortunately I cannot console you too much on this topic. ...
Selling business under sba 50412/3/2006
  Q: I recently purchased a gas station under sba 504 financing. I formed one corporation that owns the ...
  A: This is a common type of situation, and yes you may keep the real estate; however, you would not be ...
car lease12/1/2006
  Q: Robert, I have never done a car lease before, but I am looking into it for my next car. I ...
  A: In truth it all comes down to the individual dealer and what they will allow you to do. You and the ...
loan calculation11/14/2006
  Q: If I want to borrow $80k and I have $12k to invest(or make loan downpayment) for 10 year loan, how ...
  A: There are other terms that need to be known in order to determine the payment amount. You would also ...
line of credit11/2/2006
  Q: if someone is trying to start a business which needs allot of capital and has someone that will ...
  A: This is a possibility and usually depends upon the lender. Different banks and different loan ...
check writing10/30/2006
  Q: This may be a stupid question but I want to write a check to two friends who recently got married. ...
  A: No such thing as a stupid question, and you are right to ask questions like this as the result could ...
New Business10/24/2006
  Q: I have a similar situation as the man on the home page of this web site. I am starting a new ...
  A: This is more of a legal question and should be directed to a legal expert. However, I would ...
home loan10/19/2006
  Q: we currently own our home, it is valued at approx. $275-$300,000 dollars. We owe $60,000 on this ...
  A: Great question. This type of loan is known as a bridge loan and is actually a fairly standard type ...
Origination fee10/18/2006
  Q: She asked me to check out the loan agreement that she's about to sign. It appears that the bank ...
  A: That is pretty high compared to the industry standard of between 4-5%. While the origination fee ...
Business Acquisition and Partnership Negotiations10/14/2006
  Q: Hanzel, I have been attempting to start a hotel development and management company for over a year ...
  A: Unfortunately, it appears as though you have attempting the usual channels. My only recommendation ...
International Loans finance9/19/2006
  Q: I have the opportunity to work with a international finance group called OLC finance. I get ...
  A: Sounds like an odd situation to me, and based on what you have told me, I am not sure it is ...
Getting started8/25/2006
  Q: How can I go about getting a loan or grant to start a new business?
  A: Interesting question, and there really is no straight forward answer. However, I can tell you that ...
Formulating An Interest Rate8/24/2006
  Q: I have some money to invest in a couple businesses in the form of loans. My question is, how do I ...
  A: Your question is obviously well thought out and you are most certainly on the right track when ...
land contract8/16/2006
  Q: The question is my contract say's that I am purchasing the property for the total of 14,000 to be ...
  A: This sounds an awful lot like a homework question and the terms of the contract are not normal ...
auto loan vs. home equity8/16/2006
  Q: I am purchasing a new vehicle, and I am contemplating financing this thru an auto loan or with my ...
  A: I doubt that the tax benefit will outweigh both the term and rate of the home equity loan. Your best ...
Small Buisness8/15/2006
  Q: Im 19 and i plan to go to school for buisness i had the idea of opening a pub but i dont know how i ...
  A: This is an incredibly risky and time consuming business. Anything retail or food related has small ...
Credit card/credit rating8/9/2006
  Q: I hope this question is in your area of expertise. My husband and I have always had a perfect ...
  A: It actually depends on who's name the credit card is under. Chances are that the card is to the ...
Loan against a Euro MTN8/9/2006
  Q: I need a stock broker who can faciliate a loan against a USD 130 Million Euro MTN that is currently ...
  A: You will more than likely have a difficult time finding a broker that can help you secure financing ...
Restaurant Financing8/8/2006
  Q: Aloha, My name is Bernie, and I am looking into purchasing a restaurant. It is for currently for ...
  A: True, the SBA doesn't make the decision, it is up to the bank to decide if they want to make the ...
Disposition Fee on Auto Lease8/2/2006
  Q: I live in New York. I recently returned a leased vehicle at the end of the lease. The car was used ...
  A: Disposition fees are legal in both New Jersey and New York. New York was one of the first states to ...
Business Expenses7/31/2006
  Q: Is an owner of a small business (incorporated)allowed to pay his/her own car payment and maintenance ...
  A: This is an interesting question and the answer is not exactly black and white. The major factor is ...
loans7/20/2006
  Q: ------------------------- Follow up anyone you would recamend for a truck loan thanks Question - ...
  A: Great question. It would be best if I knew what area you lived in so that I could select a lender in ...

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Robert Hanzel

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Expertise

I can answer questions regarding most areas of consumer and commercial finance. I have extensive experience regarding various types of loans (commercial, consumer, USDA, SBA 504, SBA 7A, foreign), many investment vehicles, credit, economics, and banking. I am not an expert regarding tax structures and other tax issues and thus would not recommend asking tax related questions.

Experience

Over 11 years Financial, Investigative, and Legal experience including loan review, due diligence, financial analysis, collections, and risk management. I have managed Credit Administration, Loan Administration, Credit Analysis, Credit Review, Liquidation Departments, Collections, and workouts.

Organizations
Both the Risk Management Association and the Bank Administration Institute.

Education/Credentials
I have obtained both my Credit Risk Certification from the Risk Management Association and a Loan Review Certification from the Bank Administration Institute.

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