Lindsay asked:


My husband has really good credit, he makes about 50,000/year and already has a house with a morgage of about 120,000. I make about 60,000 but while in college really messed up my credit. Could we ever get a morgage together or would they not give us one because of my bad credit? Serious advice is VERY much appreciated. Thanks!

We want to buy some land and build and would want to get a morgage around 220,000

JIMMY

Jim C asked:


I need a commercial lender to do a small Commercial RE loan to buy an Auto Repair Shop in New York State. Purchase price of 45,000 and would like about 15,000 extra to do some upgrading. Fair Credit Score. Any ideas?

SOLOMON

Laissez-Faire Guy asked:


Supposedly we are being told the bailout is to unclog the system that is clogged up with bad debt.

So my question to you is, if I came before you asking for a home or car loan, and I can prove I have necessary income and my credit history is good, can you write me a loan at reasonable terms?

Because if you can, then why do we need a bailout? The money is obviously still there to lend.

WILFREDO

Priestcalling asked:


on G4 there is a new company advertising 2000 $ loans, recievable the next day! i logged on to its website and I saw they were charging 177 % on 1000$.
OMG! this is almost as bad as getting a loan from the crime boss.

DANIAL

John B asked:


Anyone know a reputable bank that does loans on commercial vehicles at a reasonable interest rate? I need a fast decision. We were pre-approved, but when I told them I was looking at a 2004 with 13,000 miles on it, rather than a 2006 I had originally looked at, they changed the terms to something unpalatable to me. Any links appreciated.

JUNIOR

jackbutler5555 asked:


Banks have a lot of experience with projections of income based on fixed-rate mortgages. But do/did they have enough experience to be able to predict the income from the very, very large number of unconventional mortgages? Given what they know now, do you think they would have projected the same income?

PATRICK

Joshua S asked:


Just trying to get some background info before i chose

ALTON

jpbraswell asked:


I’m looking for a bank for a loan on commercial property for a term of 15 year at the best rate possible. I’m trying to find a single site that provides rates from multiple banks similar to Lending Tree. Does a site like that exist? Is there an easier way to search for this information without searching each bank’s individual sites?

CARMELO

Stephan asked:


The government is shelling out 700 billion dollars to buy the bad loans that are putting the big banks in danger. We are told that the bad loans consist mainly of unpaid mortgages (sub-primes etc). So the government is effectively buying 700 billion dollars of housing. If we estimate the price of one house between 100k$ and 350k$, then the government should be acquiring 2 to 7 million houses. That is, unless we are being misled and that these bad loans were made up of a lot more than just home mortgages…

TONY

SpotsB4myeyes asked:


How — and if so, how much — will an additional interest rate cut from the Fed affect business start-up loans?

JAN