| Subject | Date Asked |
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| Auto Financing | 12/29/2008 |
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 ...
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| Default of Payday Loan | 7/2/2007 |
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 ...
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| Practical Finanicla Management | 3/16/2007 |
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 ...
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| Equipment lease | 3/15/2007 |
Q: It seems, in regards to my previous question, the leasing company is now saying that I agreed to ...
A: There are situations in which a loan/lease can reach what is known as negative amortization. In this ...
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| Equipment lease | 3/13/2007 |
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 ...
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| mortgage rates | 3/8/2007 |
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 ...
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| home improvement loan finance charges | 2/23/2007 |
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 ...
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| question | 2/18/2007 |
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 ...
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| new car lease revoked | 2/9/2007 |
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 ...
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| LAND LOANS | 2/8/2007 |
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 ...
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| Business Credit lines | 1/15/2007 |
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 ...
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| 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 ...
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| hard money trainee | 1/10/2007 |
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 ...
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| Financial backer | 1/9/2007 |
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 ...
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| Small busn Loan | 1/4/2007 |
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 ...
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| HELOC | 1/3/2007 |
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 ...
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| Bank Discount Loans | 12/29/2006 |
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 ...
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| BUISNESS PLAN | 12/21/2006 |
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 ...
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| Lines of Credit | 12/19/2006 |
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 ...
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| Loan | 12/17/2006 |
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 ...
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| refinance car loan | 12/14/2006 |
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, ...
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| Re: refinancing our mortgage | 12/5/2006 |
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. ...
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| Selling business under sba 504 | 12/3/2006 |
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 ...
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| car lease | 12/1/2006 |
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 ...
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| loan calculation | 11/14/2006 |
Q: I apologize for the confusion, and here's my real dilemma: I need $80k to fund my business startup. ...
A: No apology necessary as these things can certainly be confusing and complicated. You are correct in ...
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| loan calculation | 11/14/2006 |
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 ...
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| line of credit | 11/2/2006 |
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 ...
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| check writing | 10/30/2006 |
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 ...
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| New Business | 10/24/2006 |
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 ...
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| home loan | 10/19/2006 |
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 ...
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| Origination fee | 10/18/2006 |
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 ...
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| Business Acquisition and Partnership Negotiations | 10/14/2006 |
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 ...
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| International Loans finance | 9/19/2006 |
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 ...
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| Getting started | 8/25/2006 |
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 ...
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| Formulating An Interest Rate | 8/24/2006 |
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 ...
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| land contract | 8/16/2006 |
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 ...
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| auto loan vs. home equity | 8/16/2006 |
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 ...
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| Small Buisness | 8/15/2006 |
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 ...
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| Credit card/credit rating | 8/9/2006 |
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 ...
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| Loan against a Euro MTN | 8/9/2006 |
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 ...
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| Restaurant Financing | 8/8/2006 |
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 ...
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| Disposition Fee on Auto Lease | 8/2/2006 |
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 ...
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| Business Expenses | 7/31/2006 |
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 ...
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| loans | 7/20/2006 |
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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