Finance FAQFinance PortalQuestion; What banks can finance a single family residence under 600 square feet? Answer: Are you working with a Realtor? Ask them to suggest someone. If not, Find a Mortgage Broker/Banker who can shop the market for you and find an investor who will finance you. If you cant find anyone, I hope you made the offer contingent on you finding financing, if not, you are out of your earnest money when you back out.
Question: What are the benefits of a finance major over a simple business administration major? Also, if there are any people who have careers in finance, what do you specifically and do you like your jobs? Because I have an internship in finance and accounting and it is pretty boring...but it is just because they don't give me enough work to do so I don't feel like I have had the true experience. Answer: I've been in Finance for so long that I've decided that I wanted to do a different degree that was along the lines of my future goals... Law. I did my BBA in Legal Studies. I was a Finance major at first. I will suggest that you stick with the Finance Major vs the Business Administration. I mean if you think about what exactly is the B.A. offering you when the bottom line of the degree is in Business Administration? To have a specialty gives you a 'know-how' that makes you more adept in taking on positions that offer stellar pay as Finance and Accounting is known for. Each person is different in terms of what they want to do with their future goals. I normally see students minor in Business Administration if their Undergraduate Degree is in a totally different realm. This is only to signal to the employer that you are versatile and have business skills. If you are a business student I suggest Finance if this is what you want. Finance is definitely interesting and keeps you on the toes not just in the sense of performing statistical analysis but also conducting market and financial research including technical analysis which keeps you in the loop of world news as much as national news. You begin to witness the chain in global commerce & media and how it effects one another and inevitably effects the market as well as consumers far and near. Another point that comes to mind is the institution that is granting the Finance degree. What is their reputation in the Finance Department? Are they first class? Are they top-rated? Usually the "glamourous pay but slave to your job" are firms off of W-Street which hit Ivy league schools to join their Associate or Summer programs. These programs, once selected ..highly selective, gear you up for positions such as equity or fixed-income analysts. Again, the pay is here, the perks are there, but you get no life. If you're looking to have that lifestyle then ensure your alma-matter can deliver. Your grades will obviously have to stand on its own and well .. if you have connections then use them.
Question: How quickly can I finance a car after my bankruptcy is discharged? Answer: "a decent rate"? Good luck. Here's how you get out of your mess, and into a better car. STEP 1: You're broke right now; buy a broke person's car for right now. I just did a search on Yahoo Autos, for: I found 142 cars listed. ------------ STEP 2: Take the $400/mo you were planning on paying for car payments, and put it in the bank instead. ---------- STEP 3: March 2009: After 12 months, you'll have $4800 in the bank. This time, there's over 1,100 cars listed. ------------ STEP 4: Continue saving $400/mo for another 12 months. You'd've committed to giving that money to the car dealer, so you should be able to afford this, right? ---------- STEP 5: It's March 2010. Now, the car you bought for $6,000 is worth about $5,000, and you have another $4,800 cash. For $9,000-$10,000, we're looking at a 2004 Toyota Corolla, or a 2000 Mercedes C-class with about 74,000 miles. -------- STEP 6: March 2011 (three years from now): Continue making that same $400/mo car payment that you were planning to make, but now, you have $4,800 cash, and a trade in worth about $8,500. Now, for $12,000-$13,000, you're looking at some three year old cars. YOU NOW HAVE THE SAME 2008 CAR YOU WOULD HAVE BOUGHT TODAY. ----------- STEP 7: Now for the crazy part: Let it sit for 20 years, and watch two years of $400/mo (that you would have given to the car dealer as the 4th and 5th years of payments) turn into over $50,000.
Question: Where to find free start-up finance spreadsheet to show potential investor eg 3yr revenue projection, etc? Answer: http://www.exinfm.com/free_spreadsheets.html
Question: How can I verify a Yahoo finance is not a scam This involves purchase of auto from private party? Answer: If it smells like a scam, looks like a scam, its a SCAM!!!
Question: How would I convince a bank to finance my business? Answer: You'll need a good solid business plan and have figures and answers to back it up. Plus some money out of your own pocket.
Question: What is the lowest credit score I can have to finance a car? Answer: Poor credit car loans have been specifically designed for those people who have trouble getting credit due to their credit score being too low, if your credit score is too low then you will be seen as a huge risk and as such the lender will not take a chance on you and so turn you down. You can bring your credit rating<!--back up by doing certain things but it does take a long time and if you want your car now then applying for a poor credit car loan could be your only or best option.Just as with any other type of loan if you go to a specialist then you will get the best deal. You may get the car loan you want from here, http://best-loans.awardspace.com/guarant... http://best-loans.awardspace.com/auto.ht... When applying for a poor credit car loan you have to realise that you are never going to get the very lowest of interest rates that others have the luxury of securing but if you go with a specialist they will be able to get you the lowest among loans associated with a poor credit rating. Along with getting you the cheapest possible poor credit car loan the specialist-->website will also be able to offer you the best advice. However unless you know something about car loans and in particular what to look for when it comes to getting a poor credit car loan then you could end up paying way over the odds for the privilege of getting the loan.
Question: How to finance investment property with almost zero down? Answer: get a team of people who have money to finance this deal and split the profits. Hard money lenders will lend up to 65% of the appraised value. However, I worked with some that based the loan on the property itself as I am very sharp into finding good deals and have built a trusting relationship with them. You could also control the property by having a 6 month purchase option contract on that property and then assign your rights to a retail buyer or other investor. Trust me, if you can find deals like that, finding the money is easy.
Question: How do I finance a house down payment while I am still making payments on the home I am trying to sell? Answer: Good evening. Your best option is going to be to do an 80/20 combo loan. This way you will finance an 80% first mortgage and a 20% second mortgage/home equity line of credit. In essence this is a 100% loan but you can use the proceeds of the sale of your home (whenever you sell it) to pay off the 2nd mortgage/home equity line of credit. Another option is to borrow from a 401k if you have one. You can take a loan out on your 401k and simply pay that money back once you sell your home. If you have an IRA, you can take out a 60 day loan on that as long as you have it paid back within 60 days, which could potentially be risky if you can not pay it back within that time. Last option, and least recommended, is to borrow from credit cards, take out a personal loan, borrow from family, etc... This may be a quick fix and can possibly solve your short term problem. Many credit card companies offer specials on cash advances periodically, so call around and ask your credit card companies if they have anything going on right now. As someone else stated, you should have had a clause in your contract that stated you buying the home was contingent upon selling your home. Although some sellers will not accept bids with this clause in their contract because this could potentially place them in a bind as well if you need to back out. Best of luck and I hope the information helps. See the links below about down payment ideas.
Question: How do you handle your finance when subprime mortgage crisis hit you? answer: I have a low (5 1/2%) fixed rate loan so it has not affected me directly. The value of my home has probably fallen about 10%. But it has not affected my lifestyle since I am not planning to sell any time soon.
Question: How to get a good finance deal on a car loan?? Answer: The best way to get good rate is to secure financing before you go see the dealer. They will usually offer to beat your rate.
Question: What is the smartest way to finance a rennovation on a house? A little background on the house, It is located in North NJ in a very high demand area. I bought the house over 6 years ago for $215k, it's currently valued around $380k. Our current Mortgage is around $175k. I estimate my renovation to cost around $200k-$250k. We plan to be in this house for a long time. We're looking to add a 2 car garage, extending the living room, redoing the kitchen and adding a master bedroom. any advice on what direction I should head in and pifalls to look out for would be greatly appreciated. Answer: http://www.choicefinance.net/calculators/should-i-use-heloc.php
Money Portal BR Debt Portal BR |