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Question by audioswiftt979: What is the oldest year to finance a car, and what mileage?
I want to finance a used car, and i’m trying to save as much money as possible.
Best answer:
Answer by nbr660
If you go to the bank, I think 4 years
What do you think? Answer below!
Question by JV: What happens to a real mortgage when a debtor files for bankruptcy?
I’m a creditor whose debt is secured by a real mortgage. I’ve received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from foreclosing the mortgage? The insolvent debtor by the way is an individual, not a corporation. Please prvide legal basis.
Thank you. 
Best answer:
Answer by The Answer Guy
You have the best kind of security. You have about the strongest position you can get in bankruptcy as a creditor. The way I understand it there will be no need to foreclose. Just file your interest as a creditor as per the instructions on the paperwork.
Hopefully, they’ll order the sale of the asset and you will be first in line for the funds from it, provided you are the primary mortgage holder and not subordinate to anyone.
Regardless, be sure to speak with a bankructy attorney. You may get a free consultation or may have to pay a drop, but it will be well worth it for the guidance.
Give your answer to this question below!
Question by William R: Can a debt collector physically show up to your home to collect on a home equity mortgage?
I was a collector of unsecured debt for years ( I was the guy that hounds you on the phone 
). I know the FTC regulates debt collection through the Federal Debt Collectors Practices Act. I remember my boss telling me about the Good Ol’ Days when he would go to peoples homes and actually reclaim furniture, pianos etc. I am looking for specifics. Thanks in advance!
Best answer:
Answer by Feeling Mutual
In your case, I approve of it.
What do you think? Answer below!
Question by luvladyblue: How do I go about finding clients for mortage loans?
I’m a freelance mortage loan officer for Freedom Mortage. My success lies square with my finding my own clients to refinance, purchase or invest. We offer debt conslidation and cash back. I am able to do loans any where nation wide. I’ve been cold calling but no one calls back. HELP!
Best answer:
Answer by Quality Seamless
Try networking with area realtors.
What do you think? Answer below!
Question by Kara: How do I get a late mortgage payment off of my credit report?
How do I get a late mortgage payment off of my credit report? I mean I’m totally current on my mortgage now. I want this off of my report. Thanks
Best answer:
Answer by merrybodner
It will disappear in a few years. Until then, you will have to live with it.
Give your answer to this question below!
Question by Tonya: Any suggestions on where to find an online personal finance planner for free?
I would like to have a safeand secure, legit, personal finance tracker online. Basically where I can input debts and have access to assistance or tips, a way to keep up with my finances and get things on the right track. Any suggestions? I was scared to try some places because I wasn’t sure if it is a safe and secure sight. Thanks!
Best answer:
Answer by Junie
I have found something related of what you are looking for, it works fine for me.
Give your answer to this question below!
Question by phildarthebuildar: How do I consolidate student loans from different lenders?
I have three loans from three different lenders. Who would buy up all three of my loans and give me a decent interest rate? I have good credit.
Best answer:
Answer by 123abc
Go to Salliemae.com
Add your own answer in the comments!
Question by Andrew G: How does doing a loan mod affect escrow acct?
We are in the middle of a loan mod with BOA with our FHA loan. We have escrow for our taxes, insurance, etc. How is the escrow affected since there are no house payments made while in the loan mod?
In other words, will we be responsible for paying the homeowners ins, property taxes out of pocket when due or is that already covered?
The main thing I am wanting to see if what will happen at the end of this year when all taxes and insurance are due. Will I need to pay that out of pocket?
Best answer:
Answer by Iffy
You need to send your lender enough of a payment to keep your escrow account up to date.
Know better? Leave your own answer in the comments!
Question by David E: How does a rental mortgage and rental income affect your debt ratio?
For instance:
Is it $ 1500 rental income - $ 1000 rental mortgage = $ 500 added to your income only
or
Is $ 1500 of rental income added to your total income and $ 1000 added to your total debt and they are considered separate of each other in the ratio?
Best answer:
Answer by golferwhoworks
I am a Mortgage banker in TN & KY—no not at all only 75% is use so 1500 x.75= 1125-1100= 125 and that is only if the mortgage payment includes taxes and insurances
Add your own answer in the comments!
Question by tech_guy_towt: How do credit counseling / debt relief services make money?
I see their ads all the time, offering to slash debt in half and such. While I applaud these services for what they are trying to do, somehow they have to make money, or they couldn’t afford to run these ads. Where is the profit coming from.
Appreciate the answers in advance, thanks!
Best answer:
Answer by Harold S
There are two ways for them to make money. One is that they charge you a service fee which is included in your payment.
second is a rebate from the credit card companies based on their collections of money from you.
Know better? Leave your own answer in the comments!
