We are 30 years old and have a little over 200,000. mortgage. Even in this economy we have over 100,000. in equity because my husband built our home. We have no investments other than our home and my husbands display lot (he is a carpenter and building garages and storage sheds, this lot is a commercial piece of property and we owe about 35,000. it would sell right now for about 70,000. with some time on the market.) These two real estate investments are it for us. We have been making extra payments on the commercial lot and hope to pay it off int he next 5 years. We usually pay about 0.00 extra on our home each month. We are a corporation so we choose not to pay into S.S. We do qualify for it though because we have paid in for enough years. We need to think about our future and we just aren’t sure where we need to focus our attention….Pay the mortgage off asap or invest in a IRA or what? I will really look forward to some intelligent advice!!!! Thanks so so much!
P.S. We have very small car loans totaling about 10,000. for both vehicles. We have a very low interest rate on a school loan.

the principle reason for requiring commercial banks to maintain reserve balances with the federal reserve is that these balances:
a) provide the maximum amount of reserves a bank would ever need.
b) give the federal reserve more control over the money-creating operations of banks
c) ensure that banks do not make excessive profits.
d) assist the treasury in refinancing government debt
e) enable the government to borrow cheaply from the federal reserve’s discount window.

2) the purchase of securities on the open market by the federal reserve will:
a) increase the supply of money
b) increase the interest rate
c) increase the discount rate
d) decrease the number of federal reserve notes in circulation
e) decrease the reserve requirement

5) if a banking system’s reserves are 0 billion, demand deposits are 0 billion, and the system is fully loaned up, then the reserve requirement must be:
a) 10 percent
b) 12.5 percent
c) 16.6 percent
d) 20 percent
e) 25 percent

6) assume that the reserve requirement is 25 percent. if banks have excess reserves of ,000, which of the following is the maximum amount of additional money that can be created by the banking system through the lending process?
a),500
b),000
c),000
d),000
e)0,000

thank you!!!

Over the past few months, the landlord of my rental house (who does not live on the premises) has engaged in some suspicious activities. She changed my bills into her name before consulting me, had an appraiser come to the house (asking me to either leave or claim she lived with me), and has been receiving priority Fed-Ex loan documents from a bank, though I’ve never actually opened them. From what I’ve pieced together, she’s pretending to live in the house so she can refinance her house as a residential property rather than a commercial property, which would provide her with a lower interest rate.

Should I report this, and if so, will she actually face repercussions?

Over the past few months, the landlord of my rental house (who does not live on the premises) has engaged in some suspicious activities. She changed my bills into her name before consulting me, had an appraiser come to the house (asking me to either leave or claim she lived with me), and has been receiving priority Fed-Ex loan documents from a bank, though I’ve never actually opened them. From what I’ve pieced together, she’s pretending to live in the house so she can refinance her house as a residential property rather than a commercial property, which would provide her with a lower interest rate.

Should I report this, and if so, will she actually face repercussions?

I am Mr. Lomax Milton a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for:
Free mortgage/loan assessment,Home Purchase Loans,Refinance Loans,Fixed Rates,Adjustable Rates,Land Development Loans,Residential Investment Loans,Multi-unit Loans,Personal loans,
Business loans,Auto loans.
Contact: lomaxmilton_loan_investment@yahoo.com
website: www.lomaxloans.cz.cc

I have no $$$ to put down. I have done this before with smaller rental properties. This property is listed for 3.8million and consists of 100 units that are all rented but my credit union wont finance something so large. Is it possible to get financing with no money down??? from whom??? any experience doing this??? at a selling price of 3.8m @ 6% interest rate the note would be about 22,782 per month… the good news is this unit brings in 105,300 per month so there is GREAT revenue and I would be able to afford the mortgage payments with no problem. PLEASE HELP!!!!
this property is in new orleans and yes this is how much it is selling for… check for yourself on remax.com!!! no bullshit!
and because there is barely any place to RENT in new orleans that didnt flood and wont flood (this property didnt) there is a waiting list so i wont have to worry about vacant apartments for a while…. especially at the rate the city is rebuilding…

After all, except as jewelry, what good is gold?

If high inflation is on the way (like around 2013) then what is a good use for money to prevent loss of value of money stashed in savings accounts?

You just never know with the U.S. stock market. But what about companies that are financially grounded in China or Germany?

Seems like – here at home in the U.S. – maybe something like an inexpensive high-efficiency car or high-efficiency appliances or home energy conservation investments might be a smart hedge against inflation.

I think inflatiion is on the way! Here is why:

#1 the Obama Administration reminds me of the Carter Administration (the interest rate for my first mortgage in 1981 was 17%), and

#2 I believe that there is going to be a second wave of foreclosures caused by a wave of commercial mortgage defaults starting around 2013, and

#3 Obama seems to be unable to effectively create jobs in the US; and without jobs, there is no great tax base, so then the Federal Gov’t must inevitable start printing more money in order to pay all those debt obligations that are accruing.

I just graduated with my masters degree and started my very first job How exciting! However, I’m slightly overwhelmed with what to do – how to break up my money. I feel like I’m even poorer than when I was in school…

I have 60k in student loan debt (now down to about 58k). I pay 700 dollars from each pay (every 2 weeks). So, on average 1400 a month. I am putting 1400 a month into savings (1.3% interest rate, no fees). I am also putting 5% into retirement. I want to get my higher interest loans (6.8%) paid off quickly (about 50% of my loans are that rate) and I have about 14,000 at 1.25% (which I will take my time paying off). This leaves me with a little more than 200 dollars a week for gas, food and expenses.

I want to buy a house soon, and am thinking at this rate, in 2 years I’ll have a good chunk of my loans paid off and also have about 40k in savings for a down payment. I will be getting a large pay raise in about 5 months, and I plan to put the extra into retirement and an emergency fund, and also increase my bi-weekly loan payments to 00. Right now I’m putting 5% into retirement, I would like to put 10% when I get my raise.

I have no credit card debt and no loans except my student loans. I plan on living with my parents for the next 2 years in order to save more money, pay off my loans, and be in a good position to buy a house.

Is there anything I’m forgetting? Is there anything I should be doing differently? I would just lay it hard and heavy on the student loans and get them paid off but I feel like I should put some into savings too so I have some money at my disposal in case something happens.

I’m also supposed to be giving 10% a week to my church. I don’t know how people can handle all of this. I was so excited to get a really good paying job, but I feel like it’s impossible still to get ahead. I know I have a lot of student loan debt, but I really don’t think 10k per year of school is all that bad… that included all of my living expenses and tuition. I worked part time and had scholarships so that helped too.

I’m 25 and just stupid with money. The whole thing stresses me out. I finally have a job and I’m terrified to spend any money. I don’t know what to do. I read things online, listen to things on the radio, and it all just confuses me. Any advice would be greatly appreciated

I’m considering to refinance my condo I bought 5 years ago, but I dont know the process and looking for advice/information. Below is some pertinent information:

Bought in August 2005 for 0,000
location, Falls church, va
Downpayment: 0,000
interest rate: 5.75% for 30 years fixed
Borrowed: 0,000
balance remaining: 2,000
lender: country wide, now Bank of America

Current payments are 1360/month which includes taxes.
I saw the new 30 yr fixed is 4.5%.

Estimated value now of property – 0,000 – 170,000 (took a hit in housing crisis).

Please let me know if I’m able to re-finance, the process I need to take, "costs for refinancing" and anything else I should know/look into. I’m a first time property owner and looking to lower my monthly payments.

Hello,
I’m having trouble with my husband deciding whether to buy a piece of land or not.
A little while ago, about 2 months, we bought (well we are making payments) half an acre with 10% interest for ,000 in an out of area place. Now, there’s a family at church that wants to transfer us their land which is not that far as the one we are already making payments at, but it’s more expensive. It’s selling for ,000, 12% interest, irregular lot but about half an acre. My husband wants to buy it because he says it would be another asset that we would have in the future, and later on, we might re-sell it. BUT, I’m not very convinced.

a 12% sounds too high for me. He doesn’t have good credit right now, but it’s been a year since we are trying to fix it….and we are getting there. Right now it’s 650…..and in the next two years we are planning on getting loans and paying them back always on time so that it can go up at least to 750 if possible. My thinking is that we could get a loan once the credit is fixed for a much lower interest rate and bigger lot. (if not, we’ll stay with the one we have)……
but since I can see the economy is not very good right now..and we never know what could happen if it be possible to get a loan in the future or not…..
please let me know…..should i agree with my husband or tell him that the interest rate is too high and it’d be better for us to while 2 years at least and fix the credit?

My husband and I are scheduled to close on our first home on March 28th, so five days away. It is a 1,941 square foot home in Fort Worth, Texas. We were approved for a 15-year FHA loan at a 5.5% fixed interest rate. The builder had the house listed at 3,990 and said they were discounting it to 7,990 because they are trying to meet their quotas and their year end is March 31st. Our realtor and his wife are both in the real estate business. He is a realtor and she is a broker, so they are getting a big commission off this deal with the builder. The realtor is going to pay off apartment lease (0 per month and we have 3 months left), and pay two mortgage payments for us at ,511 and some change. We both have fairly low credit scores (mine 534 and my husbands 575), but we got 100% financing. They are rolling our closing costs, appraisal fees, etc. into the loan.

Does this sound like a good deal? Is there anything that sounds fishy?

My husband is in Iraq & we’ve fallen in love with a property in Temple, TX. Unfortunatley all of these regulations for sub prime loans just changed and my lender backed out yesterday. We’re supposed to close by the 6th of April! So, I’ll lay it out here and if anyone has a suggestion please let me know ASAP! Thanks so much!

House: 3 bedroom/1 bath on 8.5 acres, property has "church" on it with another 3 bedrooms, 2 baths, kitchen, ect. There are also 2 small horse barns.
We offered 5k and buyer will pay up to k closing costs. We have 0 earnest money on the property.

Credit: I filed bankruptcy solo (ch 7) last year due to some medical issues (long story) and it was completed 12/06. My middle score is 619 and debt to income is great. My husband has a lower score, in the 520’s. His income is slightly less than mine, but still good debt to income for him too.

We have 00 to put down & understand our interest rate will be higher, but we’ll refi later. Please help
Can’t go VA because of my bankruptcy, thanks though!

i’ve got a call and the rep went like my platinum membership with the 00 small business CREDIT LINE has been approved and they wanted to see if i would’ve liked to activate the proccestin of it and he said the interest rate is zero and there ain’t any kindda proccessing charges…i’ve never applied for one but i kindda need this and i really don’t know what can i do with a credit line…apart from phishing call and all that i just wanna see what is the benefit of credit line and how does it work.

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What is my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What if my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

I am buying a property that is 2.1 acres. It has two 4 apartment complexes, but because they are on one big deed I have to get a single commercial loan instead of an FHA. The commercial lender suggested seeing if it was possible to split the deed into 2 so I could save on my interest rate (7% vs 10.625). Does anyone have experience with this? How would I go about splitting the one deed into two, with one for each of the buildings?

I am looking to purchase a piece of raw land to build a commercial building that is going to cost around ,000,000 to build and that does include the cost of the land if I bought it outright. The land I am looking at, the owner is willing to Owner Finance it. I need 20% down payment on the bank loan so I need to put up 0,000 down payment on the loan. I do not have the 0,000 cash on hand so therefore the owner of the land is going to finance the land for 10% down payment on the 0,000 sale price with his own interest rate. My question is, if I pay the owner ,000 down payment on the land how much equity will I have on the land? Will I have the full 0,000 worth of the land or only the ,000? Do I have to ask the owner to release the title of the land to my name so that I get the full equity from the land?

I want my cash down payment on the bank loan to be as low as possible. Want to use equity on land as source for the down payment along with cash.

Does anybody now off a lender that would give a good interest rate for a tire 4 loan? the property is located in Ohio.

thanks

I have been talking with brokers and I am trying to figure out what are the critical factors that determine interest rate. Is owner occupied better than Investment, how much does it matter how the property is used does tradesman storage (electricans, plumbers) get a better rate than auto painting and manufacturing. The questions seem to have impact ,so I would like to know how they work. Can anyone explain the criteria model.

We just refinanced 2 rental properties from commercial loans to 30yr non owner occupied loans for a better interest rate. But now the deeds are back in our names than in our LLC. We want to protect our personal assets as much as possible and have been advised by our accountant to remove my name from our personal property deed, and to do a quit claim deed to put the rental property back into the LLC, and removing his name from the LLC.

I talked to one "businessman" who wants to borrow money at 100% interest rate. He says that in California there is no limit on hard money loans. Is he trying to scam people?

current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)

can refi with another lender with same terms with 8.00% (approx 480,000)

or can refi with original bank at 7.625% with one year of the original note being paid down already?

This question is for the business owners. What is the interest rate on your business line of credit? And how much is your line of credit? I just want to get a feel for what people are paying and what credit lines business owners are working with. Thanks!

Looking for an investor/financer of an established apartment complex. I would like to borrow their money to purchase and pay a reasonable interest rate 6.1-6.4%. Prosper only allows up to 25k. I need 2.9 Mil. an interested investors. Email me.