I was asked to consigning a Loan I was asked to cosign a loan earlier today and now read a bit into it. I would like to ask if i understand this correctly. From what i can gather the general consensus is never cosign a loan unless you can afford and are willing to basically gift the other person the money anyway. And at that point there is no reason to even do the loan. Is that…

Should I get a second personal loan? I was in car accident in June and totalled my car, while still making payments on it. The hospital bills are piling up, and the car insurance for the car I bought is almost 400 a month, I’m assuming because of my crash record, and it’s a high risk vehicle for being an easy theft. Anyway. I’m paying $391 a month for car insurance, $262 a month fo…

Which loan should I prioritize? About to pay off my car which was a $500/mo payment. I would like to put that $500/mo towards my other loans which is my house and my pool. Some info: House loan is $485,000, 30 yr, 4.875% interest. Pool is $100,000, 20 yr, 5.75% interest. How should I allocate the $500 to maximize my savings? Should I put it all into my pool loan paying it off …

What’s the difference between a mortgage broker, loan originator, loan officer? I am a first time home buyer and asked two real estate agents for mortgage broker recommendations. All of the recommendations turned out to be lenders after talking with them, some loan originators, officers, etc. Is it normally this difficult to find a mortgage broker, and is it really necessary to talk to one? Reddit generally seems to recomme…

Pay off 20k student loan at 6% or use that for a down payment? Hi, Title says it all. Essentially, I am living with family cheaply now to save some money, and told them I’d be out by next summer. I’m debating whether it makes more sense for me to use the money saved now to pay off the 20k student loan I have at 6%, or save that for a down payment on a condo. I know mortgage rates are higher than 6% now, and…

When to put money towards car loan Hi all, Just bought my first car with a 4 year, 3.9% loan. I got a sign on bonus from work and want to dedicate at least 5k towards the car payments. I was thinking of putting it in an Hysa and waiting until I’ve made enough payments that the bonus money is able to completely pay off my loan. That way I can make some extra interest since the mon…

My dad took a loan against my whole life policy I’ll start by saying my dad has made some less than perfect financial decisions in his life. He’s also tough to talk to. I tried to discuss this issue with him and wasn’t able to make any progress, which is why I’m asking you all about it. When I was a baby, my dad took out a whole life insurance policy on me. It’s not a large policy, but I had …

Just saw that my student loan interest rates are all LOWER than the interest rate on my savings account. Should I just make minimum payments on the student loan instead of paying it off I’m able to pay off all of my student loans now, ~20k. However, I’m wondering if it makes sense to do so when my savings account’s interest rate is almost a full percentage point higher on average. Is there a reason for me to pay off the full loan now or should I just keep the money in savings? submitted by /u/Jacobie23

Hello so I am wondering what it takes to get a loan So I was wondering if banks can write a loan for someone like me who just needs a loan for person issues, and then I can pay them back monthly? Or do they only give loans for houses and what not? submitted by /u/Haunting_Spinach_198

What Is a Home Swap Loan, and When Should You Get One? If you only go by stock images, buying a house is a pleasant if not serene experience filled with shiny, happy people finally living life to the fullest. If you have actually bought a home some time in your life you know this is a lie: Buying a house is stressful to the point of abject misery. Aside from the incredible… Read more…

Student Loan Payments Are Due Again. Here Are 5 Things to Know. A three-year payment pause ends in October. A more affordable repayment plan is available, and some borrowers will receive a fresh start.

Home Renovation Loan or Pay Cash My wife and I inherited a house from our family and recently sold our primary residence while we live in a mobile home we owe 20K on. We walked away with 175K when we sold our primary residence and have been slowly working on the inhertited property. The house is at the point where we are getting ready to spend money on custom cabinets, floor, p…

Should I pay my car loan off early? My car loan has about $15500 left and matures in May 2027 at a 5.69 APR It was my first large purchase so I kind of got reamed on the interest rate and had to finance through the dealer in May 2021. My plan was to pay a year and then refinance to a lower interest rate. And here we are with interest rate minimums being higher than my current. On…

This Is The Worst Time to Get a Long Car Loan The ideal situation for buying a car is still paying in cash and in full. (Whatever you do, never lease a car if you can avoid it.) But with both interest rates and list prices continuing at such great heights, most buyers feel they are left with one option: Getting an auto loan. Read more…

Which Loan Do I Pay Off? I have two loans with 5.280% interest but one is $8,381 and the other is $24,619. Which one should I pay off first? I can pay off the $8,381 loan entirely and put 3-4K towards the 24k one or put 12k toward the 24k and don’t pay the 8381. What do y’all think? submitted by /u/jojowantsyo

Car Loan screwed up by Credit Union hello I buy a car and applied for a loan at a credit union. Here is the back story and Credit Union screwed me up. The car cost $41,358.74, i paid down payment $7250.00. Loan I asked for is $34,108.74. However Loan officer screwed up and wrote me a check in the full amount of $41358.74. I got refund from the car dealer $7250. ​ So now I stuck wi…

Best loan type for HVAC My home needs a new HVAC system. I have had a lot of expenses lately that have eaten my savings and can’t pay cash for it. Estimates are around 6k-8k. What is the best type loan to pay for this? Home equity? Personal? TIA submitted by /u/fieldofseamines

Am I right assuming I don’t benefit from the new student loan repayment plans? I have 2 federal, direct, consolidated loans reentering repayment in Oct: $13k subsidized and $32k unsubsidized. The payment for these is a little over $350 (end date of 2039). Additionally, I have 2 remaining private student loans: $42k with Navient (about $680/month with ever-increasing interest rates and payment amounts) and $5k from another …

LIVE Transfer Talk: Chelsea, Roma on verge of Lukaku loan Chelsea and AS Roma have reached an agreement over a deal involving striker Romelu Lukaku.

Did I make a foolish move by paying off my student loan debt? Hello, I had about 20k in federal student loan @4.3% that will start accruing interest in September. That’s my only debt so far so I just paid it off with cash. Problem is, I’m looking to buy a house in the next 6 months or so, but the high interest rate got me thinking … maybe I should have paid minimum amount in my student debt. I do have enou…