Sentences with phrase «mortgaged house or a car»

Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they might otherwise lose through the bankruptcy process.

Chapter 13 allows you, if you have a steady income, to keep property, such as a mortgaged house or car, that you might otherwise lose.

Filing for bankruptcy under Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they might otherwise lose through the Chapter 7 bankruptcy process.

If you have a regular income, Chapter 13 may allow you to keep property, like a mortgaged house or car, that you might otherwise lose.

Not exact matches

If you have ever gotten personal loans to buy a house or a car or even to pay for the mortgage, you are familiar with the credit score ranges.

In general, lenders like to see housing expenses (principal, interest, property taxes, mortgage insurance, HOA fees, etc.) kept to 28 percent or less of your gross (before tax) income, and they prefer that all of your bills — home loans plus car payments, credit cards, etc., total no more than 38 percent of your gross income.

A mortgage or auto loan is a secured loan, because if the borrower defaults or the debt goes to collections, the bank can repossess the asset tied to the loan — a house or a car — and resell it.

This type of account would be ideal for someone who needs a new credit card, someone who is starting a new business (personal loan), or wants to buy a house (mortgage) or car (auto loan).

Secured loans, like mortgages, auto loans or payday loans require some form of collateral (property, like a house, car or other item) in case you go into default and the lender needs something of value to compensate for the loss.

Truth: As long as you stay current on your mortgage and / or car payments, you will keep your house and car in almost all cases.

Credit ratings which a financial lender deems to be «low» (this definition varies from lender to lender) can affect an individual's ability to get a mortgage, a loan for a car or other large purchase, a low interest rate on credit cards, insurance rates and, in some cases, employment and housing.

There are many ways to save money, from buying a smaller house, to refinancing your car loan or mortgage loan, to cutting...

An auto loan is secured by the car you're financing, or a mortgage loan, with the house you're paying off.

Car loans, leases and mortgages are secured debts, meaning that you've made a pledge with your lender that if you stop making your payments, they have the right to take your car or houCar loans, leases and mortgages are secured debts, meaning that you've made a pledge with your lender that if you stop making your payments, they have the right to take your car or houcar or house.

The only times you should consider credit or debt is for really big ticket items — a mortgage on a house, a car loan or lease.

Housing loans, debt consolidation loans, car or automobile loans and mortgage loans are the kind of loans available in the market as of now.

Credit cards have much higher interest rates because the loan is not secured — it's not backed up by an asset such as a house or vehicle the way a mortgage or car loan is.

That said, for installment loans (Car Loans, Personal Loans, Mortgages, etc...) it would be unfair not to include them somehow as it would artificially lower AAoA every time you trade in for a new car or move to a new houCar Loans, Personal Loans, Mortgages, etc...) it would be unfair not to include them somehow as it would artificially lower AAoA every time you trade in for a new car or move to a new houcar or move to a new house.

Whether it's student loans, mortgages, car loans, personal loans, medical bills, housing costs, or credit card debt, a credit counselor can provide a workable solution to pay off your debt.

Whether you'll need to take out a mortgage to buy a house, take out a car loan, or borrow money to start a business, a good credit score — and a positive credit history — are criteria any lender will look for.

If you want to get a new credit card, take out a loan at the car dealership, get a mortgage to buy a house or borrow money for some other purpose, the quality of your credit score makes a serious difference.

If you're behind on your mortgage or car loan, you're not going to be able to settle because a car can be repossessed and a house can be foreclosed on.

If you want to purchase a car (with a loan) or buy a house (with a mortgage), you need a good credit score.

When you have a low credit score, it is harder for you to obtain credit, whether it be a credit card, a car loan, or a mortgage on the house you want to buy.

The other type, installment credit, is simply a loan to pay for a car, a house, or, in the case of many second mortgages, necessary home repairs.

As such, in order to survive, immigrants have to develop a decent credit rating if they're planning on eventually mortgaging a house or buying a car here in Ontario.

A Chapter 13 can save your house from foreclosure or stop a car repo and even get rid of a second or third mortgage.

Discussing the importance of a good credit history and how a bad one can get in the way of future borrowing, whether they need to buy a car, rent an apartment or get a mortgage for a house, is an important part of helping kids understand money.

If you want to buy a car or a house within these 40 months, you are paying an arm and a leg more on the loan / mortgage.

In simple terms, secured debts are those that require assets to be held as collateral, such as a house for a mortgage or a car for an auto loan.

That means that if you have an auto loan or a mortgage with the credit union, your credit card might be secured by your car or your house.

Proposals do not discharge your secured debts (like your house mortgage or car loan).

Loans for property, such as auto loans and home mortgage loans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your payments.

Khalfani - Cox: Well, one of the things that I often talk to people about who are in that situation, who are typically underbanked or unbanked, who are credit invisibles is, you have to decide the type of life that you want to live, and it really boils down to this: you can opt out of the system if you want, you really can; go live someplace remotely, never need a mortgage for your house loan, never get a car loan, never use a credit card to rent an automobile if you're traveling or stuff like that.

Information about your first mortgage, such as your monthly mortgage statement Information about any second mortgage or home equity line of credit on the house Account balances and minimum monthly payments due on all of your credit cards Account balances and monthly payments on all your other debts such as student loans and car loans Your most recent income tax return Information about your savings and other assets Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources

As we also purchased a house I did not want a lot of hard inquiries before securing our most important investment and I also recommend you do not apply for any credit cards or loan applications at least six months leading into any home or car mortgage.

I was more thinking buying myself a new car or a mortgage on a new house...

Secured loans, like mortgages, auto loans or payday loans require some form of collateral (property, like a house, car or other item) in case you go into default and the lender needs something of value to compensate for the loss.

Some assets, like cars, tend to be simple to divide, but a major marital asset like a house without a mortgage can be trickier to distribute since it can not be easily divided in half or offset by other assets.

Believe it or not, back then you couldn't drive a nicer car than your boss (or you'd never get a raise), much less live in a nicer house (with more than a third of your pay cheque going to your mortgage).

«Consider what you can afford for a monthly mortgage, down payment and home repairs and upgrades,» said Melinda Wilke, wealth management advisor for Northwestern Mutual in Hales Corners, Wis. «Your total monthly housing expenses should not exceed 28 percent of your pretax income or 36 percent when combined with all other monthly debt like student loans, car payments and credit cards.

Paying off your mortgage may not make you as much money as investing them money elsewhere, but neither does buying a fancy car or a house that is too big, or taking vacations to Hawaii, and isn't that what the gurus tell us we should do with all the money we make in real estate anyway?