Archive for August, 2008

Aug-28-2008

What to look for when shopping around for home equity loans?

home loans


Any advice on what to look for when shopping around for home equity loans?

Are there referral commissions?

I have a couple of individuals looking for a home equity loan … I told them I’d look into it for them. I’d like to find a quality vendor, but if referrals commissions are paid out, I’d like to negotiate for that too.

How do I figure out what is a “great deal”?

PS. I’ll happily take general replies but this would be specific to Calgary, Alberta, Canada.

Posted under Home loans
Aug-28-2008

I am a new Loan Officer, what can I do to help other refinance, get pre-approve or do home loans for them?

home loans


I am a new Loan Officer and was wondering on how to bring in people who wants to refinance, get pre-approve or do home loans either thru emails or something?

Posted under Home loans
Aug-28-2008

Need help with C# syntax (I’m making a loan calculator)?

loan calculator


I have the following text boxes on my C# windows application:

amountOfLoan
APR
durationOfLoanInYears

and a label called monthlyPayment.

When you click the calculate button, the monthly payment should be displayed in the monthlyPayment label.

Can someone help me with the code that needs to go behind the Calculate button?

IN CASE IT HELPS, THE FOLLOWING FORMULA IS USED TO COMPUTE THE MONTHLY PAYMENT:

payment = (Principle x Rate) / (1 – (1+Rate)) ^ -numberOfMonths

“Payment is equal to principle times rate divided by 1 minus (1 plus rate) to the negative numberOfMonths power”

—-

I just don’t know how to express this in C#….

Posted under Loan calculator
Aug-28-2008

Are there home loans out there for bad credit? Where do you find them?

home loans


We have found the perfect home for very little money and need to buy instead of rent since our oldest starts high school next year. My credit probs are due to divorce and my husbands due to him being unemployed for a period of time. We can afford the home payments just can’t find the loan. HELP!!!!

Posted under Home loans
Aug-27-2008

Is the interest you pay on personal loans tax deductible?

personal loans


We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?

Posted under Personal loans
Aug-27-2008

where can a person who has bad credit get a loan or government grant to start a business?

government loan grants


Are there certain grants that may help a single mom start a business more than others? Does it matter or not that I am a single mom who wants to start a bus, or can any loan or grant apply to me?

Posted under Grants
Aug-27-2008

Is it reccomended to use newspaper ads for mortgage loans?

mortgage loans


Im looking to attract more clients and I was wondering for any loan officers who have done it, if putting in a 3 lined ad in a 200k circulated paper might be good for attracting promising clients. If so whats the guestimated number of calls that you have recieved from putting it in the sunday edition, and what are some reccomended tips on whats to say in the ad? “We will work with you”? “100% FHA financed”?

Posted under Mortgage loans
Aug-27-2008

How do you feel about the state of mortgage loans right now?

mortgage loans


I’m in the mortgage business, and I’m curious how the general public feels about today’s rates and ability to get a decent loan.

Posted under Mortgage loans
Aug-27-2008

I need a description of what an online payday loan is. It needs to describe “online payday loans”. Thank you.

payday loans


I’m writing a guide about this, so links to anything about Online Payday Loans would be helpful. I can find informationrmation on Payday Loans, but not Online Payday Loans. Any links would be appreciated. Thanks.

Posted under Payday loans
Aug-27-2008

Are education loans effected by our economy problems as well as home loans and car loans?

home loans


I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.

Posted under Home loans