Where to start on mortgage loan? Hello- if there is already a ‘read this first’ post on this subreddit for first time home buyers to read, feel free to just direct me there. I am starting the process of buying my first home, and I have been searching around and doing research on places to use for a loan, to get pre-approved. However, all of the places I find (mostly online so f…

Car loan, 2.9% for 60m or 3.9% for 72m Getting a 10% discount on a new car. Out the door cost is 36K dollars. Here are finance options that the car company is offering. 0% for 36 months: 1k a month 2.9% for 60 months: 645.27 a month, total interest paid, 2,716.46 3.9% for 72 months: 561.59 a month, total interest paid 4,434.32 1k a month payment is something that I am not comfortable…

401k Loan from employer, but terminated I want to take a loan out of my 401k, employer sponsored. If I’m terminated with an outstanding loan or want to quit, my plan states that I will need to repay it within 60-180 days, otherwise it will be counted as a withdrawal, and I will need to pay the 10% penalty and income taxes. Is there a way to avoid this at all? Can I roll over the funds…

Recently made $11k – which loan to put it towards? I recently sold concert tickets for $11k and I’m trying to decide what to do with the money. I know I need to set a good portion of it aside for taxes. (I held the tickets for over a year, so my understanding is it will be taxed as a long-term capital gain). Debt is mortgage and we have two car loans. My car is down to approximately 13k @ 4.74%,…

Pay off student loan early, or keep it? I have been going back and forth on paying off my private student loan early. As of today, the pay off will be $17,500. I consolidated two separate student loans that combined for an insane interest rate in January 2022 with SoFi on a 7 year repayment at 3.45%, so this will be just shy of paying off 4 years early. I largely want to do this for p…

Car loan before mortgage .. looking for insight Hi! So we’ve been waiting to build our house for about four years and we were planning on getting a new car after the build, but unfortunately we haven’t even gotten the process started as we are still working on the plans and one of our cars died. Aside from this new car payment, which is kind of high at around $700.. we currently have zero oth…

Personal loan to pay off credit cards? I’m sorry. I just need help. I’ve gone through the wiki but I still don’t know the best option. Please no shame; I know. I’ve fucked up. I owe $27,522.33 in credit cards. $15,052.40 on a Visa Platinum card, and a $12,469.93 on a GoRewards card. I can only afford the minimum payments, which is just under $300 for each card. It will take about 28 …

Buying a car from family — Personal loan or car loan? My car just got totaled in an accident. (Everyone is okay.) My insurance payout is $0 because I only have minimum/liability coverage. I’m going to buy my mom’s car from her for approximately $10,000. The car is really worth closer to $14,000 according to Kelley Blue Book. I will need to take out a $10,000 loan to pay her. I am a student right no…

Renting with student loan balance I have a spouse that I am trying to rent a home with. I have a high student loan balance (98k) in good standing. I’m still a student so no requirement to pay yet but will be fine when I do, and we are looking at rentals in a decent budget. We make 3 x’s or more a month than the rent we are looking at. Our credit scores are over 750. Does the stu…

Should I refinance my car loan? Hello, I’m looking to refinance my car loan. I got this loan Nov 2021 it is at a 11% my current amount I owe is at 25,000 with a monthly payment of 649. As of this Nov I have 49 payments left aka 4 years. I’m looking to refinance my loan with credit union. I heard it was cheaper. They offered me: -4 years 625.07 monthly payment, 5.85% interest -…

Use 50k sign on bonus and savings to pay off 80k student loan? I am starting a new job and will receive about a 50k sign-on bonus. I will also make about 12k a month before taxes. I currently have about 50k in savings and have been paying my required loan payments of about 1k a month. I live at home, so I do not have rent payments. To be completely honest, there isn’t much I am required to spend on (besides…

Personal loan or cash straight up for a car Hey guys I’m trying to build credit and as I already have a motorcycle loan that’s almost paid off, would it be a good idea to try and get a cash loan on a car or pay cash. It’d be majority of my savings if i paid straight up and thats what the individual wants. Not a cashiers check, but I saw personal loans had higher interest rates. I’d still …

mortgage recasting immediately after starting a mortgage loan. Ok so from what I noticed from window shopping lenders is that the more money I put down past 20% the higher the interest rates goes. I have more money past 20% (more like 40%) that I want to put down on the house. My idea is getting a 15 year loan getting 6.1% on the interest rate then immediately recast the other 20% on said loan. since the …

I have some questions about a car loan I’m in. Long story short, I owe $17k for a truck that’s worth $7k now. I got this truck before COVID started, and I have struggled to keep up with payments since after COVID. I would sell it to CARMAX or Carvana, but they will only buy it for what the car is worth, and I’ll have to come up with the other $10k to get it off my hands. I’m guessing I’m SOL…

Student Loan Dissapeared I had a student loan through a bank that was sold to another company shortly after I had gotten the loan. I paid on the loan for several years up until earlier this year when I got notice that the loan was sold back to the original bank. I never received anything from the original bank and checked by account through them and it shows no active a…

Loan randomly paid off in full. Long story short, had storm damage to my house, Insurance only covered half the damage, took out a loan to cover the costs insurance didn’t cover which was for $27k. The loan has 18 month intro no payments and no interest, so I haven’t made a payment on it yet as I’d be able to pay off all debts with interest before the first payment is due on t…

Would I be able to get another loan for a car if I’m still going to owe a little bit on this last car loan after my car was totaled? 7 months ago I took out a loan for a used vehicle for 16k and I totaled the vehicle out 2wks ago and I’m only getting 11k back for it… after the monthly payments I’ve made already I will only owe a couple thousand on the loan would that stop me from being able to get another car loan right now? Would it be better to get a different type of loa…

Rent to Buy – Full Loan with Cashback or Reduced Loan? My Uncle bought a house in WA for $430,000 dollars two year ago, non primary residence that I’ve been renting this whole time and now want to purchase from him with a VA loan. He said the rent I’ve given him, $80,000 over two years, he’ll either return to me and I buy for $430,000 or he’ll keep it and knock off the purchase price, selling to me …

Help! Student Loan! Hello! I’m going to be attending ASU in the fall, but I have a few worries. Long story short, I moved out of an abusive household when I was 18 and currently live with my aunt, and I went to study further education at ASU when I graduated. My highschool grades were pretty good so my scholarship covers most of tuition, but there’s still about 10k…

401K loan payback after 59 1/2 I took out a 401K loan before I turned 59 1/2. I am now 60. I can now just stop paying the balance and it will be looked at as a withdraw. Taxed as income. I am wondering if that would be better than paying back the loan. The money that goes to the loan is taxed first and since it is not a roth 401k, I believe it will be taxed again when I do wi…