Comments for Automobile Refinancing, Car Refinancing, Apply, Loan

Comment on Car refinancing? by paul s

paul s — Tue, 13 Apr 2010 00:07:12 +0000

If you think that you are paying a higher repayment amount for your existing car loan

http://badcredits.awardspace.com/refinance-car-loan-bad-credit.htm

If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce–>your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.

Comment on Car refinancing? by dillutedjuice

dillutedjuice — Tue, 13 Apr 2010 00:07:12 +0000

When buying the new car your pending loan can be paid off on your new one just talk with your car rep and they will cover what’s left to pay, but negotiate first so that way you will be sure to get a goodprice, and then tell them you have a car to have evaluated.

Comment on Car refinancing? by hailey

hailey — Tue, 13 Apr 2010 00:07:12 +0000

the term your looking for is roll-over (your UPSIDE DOWN on your current car note-the need for roll over is the current car you are driving is not "worth" what is owed on it

you want to roll-over your existing debt for your car into your new loan…

highly NOT advisable.

Comment on Car refinancing? by Patrick P

Patrick P — Tue, 13 Apr 2010 00:07:12 +0000

The way your question is phrased is rather confusing. Are you trying to figure out if you can get the loan from your current bank that is financing your car you have now rather than from somewhere else? If that is the case, it should be fairly easy. Just contact the lending institution you are currently making payments to. They should be able to help.

Comment on Car refinancing? by daihatsu man

daihatsu man — Tue, 13 Apr 2010 00:07:12 +0000

This is something that the dealer will handle. However, most likely you will get more money for the car if you sell it yourself, then use that money to pay off the loan.

Comment on Car refinancing? by The Auto Evaluator

The Auto Evaluator — Tue, 13 Apr 2010 00:07:12 +0000

When you purchase the new vehicle, the old loan will be paid off, not transferred. If you have equity, you will have money which you can use as down payment, and if you owe more money than the car is worth, you will have to add the difference into your next loan. I hope this helps.

http://www.theautoevaluator.net/Refinance.html

Comment on Can our mortgage company require us to go with their insurance company? by saeed q

saeed q — Mon, 12 Apr 2010 21:09:13 +0000

No, it is illegal for them to require or steer you to use a certain mortgage company.
As far as the escrow account goes, they can require that. You may be able to not escrow your taxes and insurance, but it could cost you an additional ¼ or more added to your interest rate (better to escrow).
If there is a possibility, just cancel the transaction with this company. If this problem is any indication, who knows what else that they are not truthful about.
I hope you are working with a LOCAL BANK or MORTGAGE BROKER.
A mortgage is going to be with you for a very long time and it could break you and your family’s future financial outlook. Don’t let anybody rush you into something that you do not fully understand.

Make sure to price out your loan with your LOCAL banks and mortgage brokers only.
A lot people giving advice on here are also looking to give you a loan (its not advice, its advertising), if they are not local to you and you can’t get to them within 1 hour don’t fall for it. They say they are licensed in all 50 states, what does that mean? Which state do you have to look in first if something goes wrong? KEEP IT LOCAL; DON’T GET RIPPED-OFF BY SOMEONE IN WHO KNOWS WHERE WHICH YOU WOULD HAVE NO DIRECT ACCESS TO.

Remember Buddha’s advice:
"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving advice here with a .com or contact me at the end is "selling" you something (its not advice, its advertising). Don’t buy "it."

Comment on Can our mortgage company require us to go with their insurance company? by Injun

Injun — Mon, 12 Apr 2010 21:09:13 +0000

Listen to rob and all that said no!
They want the profits from the ins is all!!!

Comment on Can our mortgage company require us to go with their insurance company? by hollywoodmelody

hollywoodmelody — Mon, 12 Apr 2010 21:09:13 +0000

I would take a look at another lender as this one is trying to get paid for something they are not allowed to do. What is probably happening is the Loan Originator,Processor,Officer and Underwriter are getting a kickback from the insurance company. Please report them to HUD as they will investigate what the lender is doing. I’m sure if they are trying to persuade you they have done it many times before to others. You just happen to catch them at it.

I turned in a Major Lender years ago and they were suspended by HUD.

Comment on Can our mortgage company require us to go with their insurance company? by googie

googie — Mon, 12 Apr 2010 21:09:13 +0000

Why not check with your agent and see what he says. I think that this is in violation of some law but I don’t know for sure, like restraint of trade?

Comment on Can our mortgage company require us to go with their insurance company? by chowchowsrbeautiful

chowchowsrbeautiful — Mon, 12 Apr 2010 21:09:13 +0000

You must have mis-understood..they may just asking you to set up an escrow account ..it does not mean you have to change insurance companies…escrow accounts are just extra money you pay and they save for the tax payments and insurance premiums..but you do not HAVE to make one. At least , I have never heard of any mortgage company REQUIRING one with their company.

Comment on Can our mortgage company require us to go with their insurance company? by The Keeper of the Green

The Keeper of the Green — Mon, 12 Apr 2010 21:09:13 +0000

No, you can have any insurance company you want providing the policy covers what is required by your mortgage company. Don’t let them bully you into using their insurance co., they get HUUUUUUUUGE commissions which are built right into your premium (how convenient).

Comment on Can our mortgage company require us to go with their insurance company? by sarahemoo

sarahemoo — Mon, 12 Apr 2010 21:09:13 +0000

I’m pretty sure they can’t make you. I’m not certain though.

Comment on Can our mortgage company require us to go with their insurance company? by Knuckles™

Knuckles™ — Mon, 12 Apr 2010 21:09:13 +0000

I have heard of this if you lose your insurance with your current company, but they usually charge you a ton!! I would be leary of this cause it just sounds like a monopoly.

Comment on Can our mortgage company require us to go with their insurance company? by Driv3n

Driv3n — Mon, 12 Apr 2010 21:09:13 +0000

I never heard of it