Direct home loan

Questions and Answers

Am looking to apply for secured loan - would like to go direct to lender as opposed to brokers -?

Q) Does anyone know who are actual lenders? My credit history is good - wife's not so good - turned down by mortgage company for additonal borrowing (think we asked for too much - now just want to borrow enough to clear debts - no home improvement plans!)

A) Do both and compare. Try your bank and the other major banks. DO NOT put your house as security unless you do not mind sleeping in the streets.

Anybody use ING DIRECT website to get a Home Equity Loan? Good or Bad?

Q) I wanted to get it first as a Line of Credit with an option to Fixed Rate with no added fees. ING offers that. Is that common with other mortgage lenders?

A) I would recommend you trying one of your local mortgage brokers. Sometimes the lesser known companies can give you a better deal, even better than ING Direct. Good luck.

a good mortgage company for a home loan with 100% finiancing?

Q) We have no money for a downpayment, Please can anyone help directing me to someone who can help!

A) Hello, please email me at nsnow2251986@yahoo.com i will send you my phone number, and i can go over some things with you, and answer some of your questions!

I am looking for grant money or home improvement loan to remodel my parents old home It was built in 1955.?

Q) Please direct to to right resources to find the money I am needing to complete this project. I need about $50,000.00.

A) How about a home equity loan? If you have debt NO MORE Mortgage can help and help you get a loan. http://www.NoDebt4u.org

Are you looking to refinance or need financing for a new home purchase? Are you working with a direct lender?

Q) If you are in need of financing for a new home purchase or looking to refinance your current mortgage, a simple call today can save you thousands. I work for a direct lender that cuts out the lender costs and higher rates that the middle men charge to make a profit. In a matter of minutes I can provide you savings that you will see each and every month. Special loans for Reserve & National Guard members. Special loans for union members, their spouses and their children. Every loan option available!! Please contact me at andrew.l.kindya@chase.com

A) Not the place to drum up business. Go out and do it like the rest of us.

Where can I find a student loan with low interest rates?

Q) I am entering my Sophomore year at a private, four year institution this year and still need to pay $7,649 before the beginning of the school year. This amount was determined after subtracting the total awards that the school awarded me from the total tuition for the school year. Today I applied for a $3,500 Federal Stafford Loan through Nellie Mae. Every road I take is a dead end in terms of finding a company with low interest rates. I am the first member of my family to attend a post-secondary institution, let alone full-time, and really have no idea what I'm doing. Last year, my parents applied for a Federal Direct Loan for $6,000 and we're currently paying on that amount. I'm really worried that my total loan amount is going to be enormous when I graduate and that I will have no way of paying it off without living at home. Any suggestions about a good company or other financial advice is greatly appreciated, so much that I will reward someone with ten points. Thanks. I was told that we're paying on the loan right now because it is in my parent's name. Thanks for your input, Joe.

A) i have waaaaaaaaay more in outstanding student loans than that. you're right on track for going for the federal loans - they will give you below-market interest rates. the only problem is that it's impossible to find anything lower until the fed stops jacking up the prime rate. you should be able to take out federal loans for up to the entire expected student budget at your institution. talk to someone in your school's financial aid office if you need help figuring out how to apply. you're right, it will suck to graduate with a large student loan overhead. but going to a good school will help you get a better job (or, get you into a better graduate program so you can rack up some more loans, but get a much better salary to pay them off with) and hopefully you should find it worthwhile in the end! n.b. if you're a full time student, neither you nor your family should be paying _anything_ on loans right now. they should all be set for "in school" status which means that you pay nothing until after you graduate. if you get a direct subsidized loan, it won't even accrue interest during your 4 years. if you get a direct unsubsidized loan, then you're looking at the interest compounding, which is not that great, but you still don't pay anything until you graduate. if your loans are not set for in school status, you really need to talk with someone either at your school or at your lender.

I am tying to efinance my home in texas. Who is the best direct lending company ? Direct lenders only.?

Q) What is the most important thing to look for when Refinancing an existing loan? Whats the importance of Rate , APR & Points and the difference between Rate and APR?

A)

Do you know anyone who does a person to person loan?

Q) I need a loan of 6000.00 and I am willing to pay 25% interest on it and I just need it for 18 months. I have paystubs, same job for 8 years, direct direct deposits, make 80 thousand a year, can show tax records. My wife had a stroke a few years ago and was unable to work and we got behind on a lot. she is now better and we are back on our feet, but have bills we really need to pay off in order to build back up our credit. I get a bonus in March 07, used this years to pay off an old tax lien from 1998. Can show proof of this also. I just need someone to give me a shot. I would be willing to sign a peronal guarantee and allow a lien to be put on my house by the person who lends the money for collateral. Do you know anyone who might be interested? I can't do a traditional home equity loan because in Texas you can only refinance 80 percent of your homes value. I owe 98,000 and it appraises now 130,000. You will get your money.

A) Yes, try Prosper.com. I'm a lender on Prosper.com and so long as your credit is in decent shape, I think you will get funded. You will probably do a lot better than the 25% interest.

Can bank refuse payment, claim loan isn't ours & then sue us? 2 yrs bank knew loan was fraud- Ontario Canada

Q) Canadian bank claimed a loan on our home was not ours for 2 years. Bank didn't consult us, and eventually cancelled the direct payment from our account Nov 2005. This account was paying them and servicing the loan for almost 2 years. We sent fax and mail to bank to tell them they need to take money out ASAP. The bank refused our money for payment at teller in Ontario Bank Branch in Dec 2005. They did however take 2 or 3 payments.. Now 6 months later April /May 2006, the bank through a legal firm claims in a law suit that we refused to pay them. They are working with the fraud artist to try to take our home away from us. Note, the bank didn't do due diligence and neither did the lawyfirm who set up the loan. Person used different names to evade problems and this impacted us badly. We went to bank omnbusdman and they said an investigation was being done, but nothing took place. A bank agent contacted us after we called them, said, bank couldn't talk to us. We are not on loan

A) That is a complex situation with lots to be sorted out. The best approach would be to take one step at a time. Work on each step of the process. Overall, the bank can take action and then it is up to you to show why the action was not proper and defend your actions. It is a difficult mess, but hang in there, make sure you can show and prove your facts and it can be resolved in time. At best, mediation may be the answer for your situation.

Where can I find information about federal or state grants for home improvements?

Q) On the radio this morning, in St. Louis, I heard that you can get federal or state grants (NOT a loan - they clarified) for home repairs by looking at economic grants. The woman said that the government has these grants because they provide work to people and improve communities. She said you don't have to have a low-income and that the only requirement is that you live in the house for at least two years (or move out within two years, something like that). I cannot find this information anywhere. Can anyone help direct me to the right website?

A) Does this sounds to good to be true?

I need a loan for $5,000 to get back on my feet. A contractor took me for 10,000+. Credit in bad shape.?

Q) This happened in Florida during the hurricanes last year. I was supposed to have direct deposit and the money was to go directly into my account. We kept asking about when our money was going to be deposited. We kept getting an answer of we are waiting for the money to be deposited into our account. After two months we (15 workers) woke up to find the contractor we were working for gone. No money was deposited to our accounts. I had to find a way to get home to Oklahoma and when I got home I was behind 2 months for my house payment and three car payments. My credit went from excellent to bad. I almost have my feet back on the ground but I need a loan to pay off and catch up the last of my payments. The Company the main contractor was working for paid him and he left with approximately $150,000 earned by the sub’s working for him. He is from Texas. Anyone that can help me out I would appreciate it so much.

A) you need prayer