Archive for May, 2008
How to get business loan if i am a teenager?
Amy L asked: How to get business loan if i am a teenager?
i want to start a small business during summers, but i dont have sufficient money and im not an adult yet. i want to ask how to get a business loan.
When will i know when im approved for a bank loan?
nell0408 asked: I applied for a personal loan through my bank online. Does anyone know how long it takes to know if im approved or not??
Calculus: A car costs $20,000 and bank loan is 8% compounded continuously interest. What are monthly payments?
Rob T asked: A car costs $20,000 and the bank loan is 8% compounded continuously interest. What are monthly payments?
The cost of the car is the present value of a constant money stream(dollars per year). The monthly payment is the annual payment divided by 12
for 5 years, forgot to mention it
Should I finance a used boat purchase with my 0% interest rate credit card or get a loan from a bank at 10%?
A J asked: I am contemplating purchasing a used boat which is over 15 years old. I am looking at the best way to finance this purchase and need some input. The only loan I have is a student loan for $4K and the only credit card I have has a balance of [...]
What is a business license? How do I get one? Do I need one to apply for a business loan?
prestonwhitlow asked: I’m applying for an SBA loan for startup capital for a small business in NC. I’m reviewing the paperwork, do I need to get a “business license” and/or a fictitious name statement?
What are the exact steps for getting a private bank student loan?
Rebecca K asked: I need to apply for a private bank student loan due to my circumstances. I have completed my FAFSA and do not know where to go from here. Any suggestions? I would greatly appreciate the steps from applying for FAFSA to Cashing the Check. I am so confused!!!
Thank you!
Rebecca
How do you pull equity out of your home with taking a how equity loan out?
B_dub asked: First of all how do you build equity in a home? How do you report the equity to your lender? And lastly how to you pull the equity that you’ve built up out of the home with out taking a home equity loan out? Thank you in advance for any help that you [...]
What is the best way/ place to get a small business loan?
Jacob asked: I’ve had a little business going for about a year now. Our revenues are around 150,000 and I am ready to make the jump into expanding it. I would like to hire a couple sales reps and an office person, but I will need to take a loan to make it [...]
If I take a 401K loan for buying home will it affect the bank loan?
ravishanti asked: If I want to take a loan from my 401K to increase my downpayment to buy a home, does it affect my loan amount? In other words, do they take into account the monthly amount I have to pay for the 401K loan to determine how much loan I can take from the [...]
How does doing a cashout refi or home equity loan affect AMT risk?
P-Dawg asked: We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around $60,000) and then do a 2nd (Equity loan) for the rest…does doing this put us at greater risk for having to pay AMT taxes and if so, in what way (which lines in [...]