Archive for October, 2007
What would be better, a home equity loan or refinance at lower rate to add on to my home?
BamaboynTN asked: I’m wanting to add on to my home but I’ve never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?
Can people with little income and a good business plan get a business loan from the bank?
Harve asked: I have a very limited personal income and cannot raise much captial for my business plan from others and myself. I want to know if it is really possible for someone with a well laid out plan to get a small business loan from a financial institution? I am sure it [...]
How can I get a small business loan? I have good credit but little cash or assetts?
Chrissy B asked: I am looking into buying a small business just outside of Denver, Colorado but I have no idea where to start as far as getting a loan. I have good credit but would only be able to come up with $2,000 -$3,000 up front cash. As far as assetts, I have virtually [...]
Does a student loan and a bank loan affect your credit the same way?
videogamer1979 asked: I have one credit card ( revolving credit ) and I have one student loan ( fixed monthly payments ). I want to keep one revolving account and one fixed account. Would a bank loan that pays off the student loan look better as a fixed loan? I guess my [...]
Is it better to us a Consoladation company or to use a home equity loan to pay off debt?
WYN asked: I am in a little over $45,000 credit card debt. I am trying to figure out if it would be better for me to use a consolidation company or to get a home equity loan.