Thursday, October 28, 2010

Are there any programs to finance debt into a new home purchase

Are there any programs to finance debt into a new home purchase?
I am looking at a foreclosure in the Grand Rapids area. It has an appraised value of approx. $63,000. I will be purchasing it with an accepted bid of $35000. I have a $10,000 high interest auto loan I would really like to finance into the purchase at the time of purchase. I have heard I have to wait six months and then refinance, but are there any programs out there that I could use to take advantage of some of the immediate equity in the house?
Renting & Real Estate - 3 Answers

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1
If you are a first time borrower of a home equity loan it is imperative that you have a checklist of essential questions that you need to ask each and every lender. The answers to these questions will provide a valuable reference to base your comparisons on. What̢۪s the interest rate? Knowing this is crucial. The interest rate will determine<!--the monthly payment you will need to make. You also need to know if the interest rate is of a fixed or adjustable nature. Fixed rate implies that the monthly payments will remain constant, while an adjustable rate implies that rates will fluctuate depending on market conditions. http://best-loans.awardspace.com/homeloans.htm In adjustable rate, when will rates change? If your interest rate on the home equity loan is of the adjustable variety, you need to know three things: when the rate is going to change (that is under what conditions), how frequently will the rate change and what̢۪s the average-->percentage by which the adjustable rate will change. What is the Annual Percentage Rate or APR? The APR on the home equity loan will determine the yearly payment you will need to make towards this.The higher the payment in terms of points, the lower is the interest rate.


2
Probably not at the closing on the first house. If it hasn't been appraised recently, you need to wait to find out what the true appraised price is going to be. You might not have the equity you are thinking you have right now. soapbox mode on: Don't look at your equity as a piggy bank or an ATM that you can get cash from. Learn to live within your means. soapbox mode off: Here is the reality. Take a 30 year loan for your $35000 house. Aggressively pay off your car loan with the cash flow that was freed up by buying such a cheap house over such a long term. When you are done with the car, do the same thing on the house. In ~8 years you could fully own your home!! good luck!


3
Hi, I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News special edition.Check it out here: http://shortlinks.co.uk/4cl

what colleges & universities in florida have the top economics, business, and finance programs

what colleges & universities in florida have the top economics, business, and finance programs?
looking to attend one of the florida's universities but i need to know which one's have the best finance, business, and economics programs so i don't waste my time.
Higher Education (University +) - 2 Answers

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1
im ot sure but alot of people say FAMU which is in tallahassee, florida. i hear that they have a great business class. you want waste time and people are openly willing to help.


2
Hey While I was looking for a good college I found one site that offers you to browse a ton of different schools.Actually there are many places online but most of them are paid.This one is free . http://FindYourUniversity.info You should try it hope that helps

What are the Best Undergraduate Finance Programs in New England

What are the Best Undergraduate Finance Programs in New England?
I'm looking into transferring to an undergraduate business program in New England. My major is Finance. I would like a school with a well known good Finance program. Any Ideas??
Higher Education (University +) - 3 Answers

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1
northeastern university. you can get a bachelors of science in business administration or a bachelors of science in international business, and either of these can have a finance concentration. their co-op opportunities will make your college to work world transition so much easier (not to mention you will make some extra $$$$ - in co-op and after graduation)


2
Penn MIT NYU CMU Close enough to NE any much better than anything else.


3
They don't have a business school but College of the Holy Cross has an economics/accounting major that is highly regarded and attracts a lof of CPA firms and investment banking firms on Wall Street. Holy Cross is west of Boston and has one of the ten most beautiful campuses in the nation per the 2009 Princeton Review. It is ranked #35 in the country on US News & World Report Rankings/

Where can I find funds to finance programs for military children

Where can I find funds to finance programs for military children?
I am looking for a source for grant money that will finance a special entertainment/educational program for children of soldiers who are deployed.
Military - 2 Answers

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1
You actually have to write a grant and then find prospectors. You can get some help by talking to the grant writer in your home town. The city offices or the schools would know who to talk to .


2
I would suggest talking with the ACS

Wednesday, October 27, 2010

Are all master's in finance programs financial engineering, or is a master's in finance different

Are all master's in finance programs financial engineering, or is a master's in finance different?
Just looking into many different master's in finance programs, and they go by many names depending on school. Do all master's in finance require extensive knowledge of math, economics and programming? Thanks for any help.
Higher Education (University +) - 1 Answers

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1
Finance and programming usually don't go hand in hand, that sounds something like what the universities are doing on their own. Check different schools. I wouldn't agree that extensive math and econ. knowledge is required. You'll have to take some, but I wouldn't say that you have to be an expert in those areas, by any means. Best luck in your choice.