Can I pay back a 401k loan after a decade? I took a loan against my 401k almost a decade ago but then had a health event that precipitated a financial timebomb. Looking back to this now and wondering if I would be able to pay that loan back. I’ve seen some limited commentary about ‘plan specific’ rules’ determining payback, but this seems to be an outlier. Is the health event a unique fa…

Can I pay my car loan twice in one month I have already paid for this month (January) on the 21st, but just got my tax returns and wanted to also cover next month (February) today January 29th. If I make a payment now will it just add it as an extra payment or will it count it as Februarys payment. I don’t wanna pay extra I just want to cover next month. submitted by /u/ThrowRA…

Pay down my 30yr 5.875% loan? Or not? I get flustered with details. I’m a first time homebuyer who bought a $330k home in the Midwest with 25% down late last year, term was 30yr 5.875% (with points). So that leaves me with about a $240k loan. Generally I don’t like debt, specifically the sense that I am paying some unknown entity for the privilege to use their money over the cours…

Which mortgage loan? Ready to buy, first time buyer in high cost of living area. I’m a physician. Physician loan, 30 year fixed, 9.5%, no PMI Standard fixed, 30 year, 7%, PMI until I reach 20% of principle – would take me about 2 years Wait two years until I save the down payment, hope I’m not priced out Was also offered 7 year ARM, but I’m not comfortable with th…

Refinancing Auto Loan: Confused EDIT: question answered – I got the length of loan wrong and it’s actually 84. I’ll leave this post here if someone else needs info in the future. My husband and I bought a 2023 truck in Nov 2023 at 8.89% (!!!!) and we’re looking to refinance. Just stopped by some credit unions today to check our rates and they’ll obviously be much better, but w…

Sources: Milan to sign Walker on loan from City Kyle Walker is set to move from Manchester City to Milan after the two clubs agreed terms, sources have told ESPN.

Private Auto Purchase Loan I’ve been looking into getting a loan to purchase a car on Facebook marketplace being sold at a cash price, from what I’ve read, DCU and Light Stream seem to be the best options but my main concern is getting approved, my alternative option would be to buy one at a dealership but I’m pretty picky with the car I want and I’m afraid getting denied…

Student Loan Payment I am (28) getting married this year. As a wedding gift I’d like to pay a significant amount if not all of my fiancés (24) student loan debt so that we can be debt free as those are our only forms of debt and want to put that money towards home, family planning and vacations etc. Unsure of interest rate however 10k is a on a card which I’m sure i…

Advice needed: switching from an overdraft to a personal loan Hi everyone, Six years ago, I took out a €20,000 student overdraft with an Italian bank (Intesa Sanpaolo). The repayment is due this June, and I’m planning to cover it with a personal loan. Here’s my situation: I’ve used almost the entire overdraft, and with accrued interest, the total amount to repay is €20,503. Intesa Sanpaolo offers former s…

Car Loan Payoff Help Hello, So I’m kinda confused with my car loan. So my principal and interest amount is $470.59 and I’m paying $500 a month. I owe $24,303 right now. Every month I pay $500 but the loan only drops about $300. So, for example, when I pay $500 again, it’ll probably drop to $24,000 instead of $23,800. Can you explain that to me please. submitted…

I have $30k in an investment account and owe $24k on a consolidated loan. Monthly payments are killing me, should I cash out the investment acct and pay off the loan to start over? The loan is consolidated debt across a couple credit cards and a loan from a business that went under during COVID. I’ve paid it down over 4 years from about $50,000 in 2020, but the monthly payments (roughly $900/mo) are crushing me. The investment acct is collateral for the loan. The interest rate is 9.05%. My income is about $2,100/mo on a go…

Talk me out of using a Personal Loan to get out from under my RV Made a big mistake buying an RV in early ’24. Won’t be happening again, feel free to poke fun as needed lol. Talk me out of taking out a personal loan to pay the difference between what a dealer would give me for it and what I owe. Breakdown is below. Owed on RV – $40,768.98 Term left on RV: 15.5 years RV Rate: 9.49% Monthly Payment: $429 Monthl…

Should I do 401k or loan? I am in need of help asap because all of the tax jargon is really confusing to me, and I am in need of the money soon. Im in need of 10k before late February for my parents on something personal, and that’s my deadline. I dont know whether to pull 10k from my 401k which I only have 17k in so far (due to me now knowing how to make them invest the…

Should we pay off our auto loan early? My husband and I took out an auto loan yesterday for $38k (after $5k downpayment)at 7.24%/ 60months which came to $700 p/mnth. We just started building our credit profile so we have a co-buyer thus the APR we got. Our combined income is $108k/per year before taxes. We do not have any other debts. Our goal is to buy a house in 2027-2028. Should …

Owe 7k on a loan at 18. Okay so in the summer I bought a car from some sketchy dealership for about 8k. And the car has had loads of problems since then so me and my parents were deciding to try to sell it before more things break. The turbo blew and catalytic converter went bad. Well anyways, my car ran out of oil when I was driving it and the engine completely seized…

Is it worth putting down 20% for an FHA loan? Hi all, my husband is a physician. We found our dream home in the Bay Area for 1 million. Because of student loan debt during med school his credit score wasn’t ideal so for a conventional loan we’re getting a real high interest rate of around 8.1. Ideally we would have gone for this but because of credit have to go for the FHA. For an FHA loan …

Student loan payoff vs Roth IRA contribution I keep going back and forth over what to do here and could use some advice. I have $4,200 in student loans at a 3.15% rate. I got a bonus and am trying to decide if I should pay off this balance, or open a Roth IRA and contribute the $7k max for 2024. I am 31 years old and don’t have a Roth IRA yet. I do have a Roth 401k and currently contribute…

Student Loan Repayment? Hello Reddit! I have a question. Like most of us, I have student loan debt. These are not private loans, they were FAFSA awarded subsidized and unsubsidized loans. I have about 11 different loans from 5 years in school ranging from 3-4% interest rates each. I’m paying roughly 367 per month, around 140 of which is going toward interest and the re…

Multi-State Vehicle Registration: Loan and Insurance I’m in the final stages of purchasing a new Ford Transit and have some questions about registration and loans. I’m currently a California resident, but I’m purchasing the vehicle in the Lakes Region and plan to drive it directly to New Hampshire. My plan is to register it in New Hampshire under a non-resident registration and store it there whil…

Refinancing Auto Loan Looking for advice on whether or not I should refinance my auto loan. When I got my car I had no credit and was freshly 18 so currently I pay $414.38 a month and have 30 months left. My APR is 14.14% through ALLY Financial. I applied through USAA for refinancing and they gave me an APR of 17% and it would extend the length of my loan, so for obv…