Would refinancing my auto loan be a good idea if I can not afford the payments/?

Would refinancing my auto loan be a good idea if I can not afford the payments/?
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1 Answer

Answer :

Refi of an auto loan can help to lower montly payments. You can get a lower rate if you refi with a lower interest rate.
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Related questions

Refinancing an auto loan - in-house?

Description : Refinancing an auto loan - in-house?

Last Answer : answer:Yes, of course, ask them. If they say yes, you com out ahead, and if they say no you don’t lose anything. We refinanced all three of our cars with a credit union and got a very low rate on them. Credit Unions are almost always lower interest than banks.

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Description : i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Last Answer : It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com

Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Description : Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Last Answer : Never purchase anything over time if you can only “just afford the monthly payments”. You are only one “emergency” away from suddenly not being able to make those payments. A lot of us have had to learn this the hard way.

We own deeded timeshare property in Florida and South Carolina with Wyndham. We can no longer afford to pay the monthly payments. What options do we have so we do not lose any more of the money already invested into the property?

Description : We own deeded timeshare property in Florida and South Carolina with Wyndham. We can no longer afford to pay the monthly payments. What options do we have so we do not lose any more of the money already invested into the property?

Last Answer : you might want to sell it as fast as possible

How do you get out of a car loan when spouse dies and other spouse can't afford it anymore ?

Description : How do you get out of a car loan when spouse dies and other spouse can't afford it anymore ?

Last Answer : Sell it for what you owe and pay off the bank loan

If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

Description : If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

Last Answer : Yes my dad had a banruptys then once it was cleared used Va loan on a new home. You can if you have any entitlement left and the foreclosure was 3 years ago. There is a website that you can go to ... have a chance to buy the home we are renting . VALoanProgram.com - America's #1 VA Home Loan Source!

Loan & Credit Line Payments?

Description : Loan & Credit Line Payments?

Last Answer : Loan & Credit Line PaymentsThis calculator helps determine your loan or line payment. For aloan payment, select fixed-term loan. For a credit line payment,you can choose 2%, 1.5% or 1.0% of the outstanding balance orinterest only.

In general, how are monthly car loan payments figured out?

Description : In general, how are monthly car loan payments figured out?

Last Answer : Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.

Will an interest only loan calculator help me determine my monthly payments?

Description : Will an interest only loan calculator help me determine my monthly payments?

Last Answer : An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.

My house payments are too high, is a loan modification an option to lower the payments?

Description : My house payments are too high, is a loan modification an option to lower the payments?

Last Answer : Loan modification is a possibility for you. It will depend on many factors, including your payment history, credit rating, and assets. HUD has an excellent site to do some planning on before ... your bank or lender. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/faqlm

How do I find a calculator for car loan payments?

Description : How do I find a calculator for car loan payments?

Last Answer : If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

Is it right for an auto financing company to charge interest on a monthly basis without adjusting interest charges for bi-monthly payments?

Description : Is it right for an auto financing company to charge interest on a monthly basis without adjusting interest charges for bi-monthly payments?

Last Answer : I see your “moral” argument but think that the legal answer is it depends on what the contract you signed says. I’m not a lawyer, and perhaps someone who is will chine in, but I think that if the contract sets those terms, then it’s legal.

Can someone co sign with you on refinancing a mortgage?

Description : Can someone co sign with you on refinancing a mortgage?

Last Answer : Yes. Odds are good they will have to provide all the same documentation you are going to have to provide and they are of course going to be on the hook for the exact same amount as you. Their credit will be impacted, good or bad, by the way the mortgage is handled.

Have you researched mortgage refinancing? Can I take advantage of your work?

Description : Have you researched mortgage refinancing? Can I take advantage of your work?

Last Answer : I haven’t refinanced in awhile, but I think credit unions tend to be fairer than banks. I’ve been with the Wescom credit union since 1979, and I’m very happy with them.

Question about refinancing...

Description : Question about refinancing...

Last Answer : he has no incentive to report you but she may not be able to do the re-fi. You used to have to give all this info years ago, then everything got loose. It’s now tightening back up.

What are the advantages and disadvantages of refinancing?

Description : What are the advantages and disadvantages of refinancing?

Last Answer : I can't answer all of your questions for sure, but I will post as noone else has .. Focus on how much out of pocket you will ultimtately pay. How much have you spent thus far in fees and payments. How ... 't see why it would hurt your credit .and you can get the loan from the same bank or another .

Is there a minimum amount of time between mortgage refinancing?

Description : Is there a minimum amount of time between mortgage refinancing?

Last Answer : you should be able to refinance at anytime. Banks don't mind because they collect the fees. Unless your financing has it in your agreement, you should be fine. Ask them about no points/no closing ... don't offer that, you can always shop other companies will wave those fees to get your business.

Which companies offers the best rates when it comes to refinancing mortgages at a great low fixed rate?

Description : Which companies offers the best rates when it comes to refinancing mortgages at a great low fixed rate?

Last Answer : ING Direct Mortgages offers the best rates when it comes to refinancing mortagages at a great low fixed rate. You can find Great rate 3.875% Rate 3.580% APR with no points, no application fees at www.ingdirect.com

Can you please explain the Texas law on refinancing home equity loans?

Description : Can you please explain the Texas law on refinancing home equity loans?

Last Answer : The laws are federal. You can find more info at http://www.occc.state.tx.us/pages/brochures/home_equity_lending.html

Where can I find online tips for refinancing?

Description : Where can I find online tips for refinancing?

Last Answer : Check with your mortgage company, as each mortgage company will have different obligations that you need to fulfill before you can refinance your mortgage. For example, you might not be allowed to be " ... you might have had to make your payments on time for at least 6 months before refinancing.

Where can I learn about home refinancing rates?

Description : Where can I learn about home refinancing rates?

Last Answer : One of the best places to learn and find out about home refinancing rates in your area is Erate. They publish the current mortgage rates including those for refinancing.

How to Achieve Free Mortgage Refinancing?

Description : How to Achieve Free Mortgage Refinancing?

Last Answer : One thing that many people should consider is refinancing their mortgage. One of the great benefits of such a refinancing can be the ability to covert some of a homeï ½s equity into money can be ... Small costs stretched out over such a long period will result in a minimal increase in each payment.

The main function of NABARD is— (A) Farmers' loaning (B) Agricultural research (C) Refinancing to agricultural financing institutions (D) Development of agriculture

Description : The main function of NABARD is— (A) Farmers' loaning (B) Agricultural research (C) Refinancing to agricultural financing institutions (D) Development of agriculture

Last Answer : (C) Refinancing to agricultural financing institutions

The main function of NABARD is a) Farmers' loaning b) Agricultural research c) Refinancing to agricultural financing institutions d) Development of agriculture

Description : The main function of NABARD is a) Farmers' loaning b) Agricultural research c) Refinancing to agricultural financing institutions d) Development of agriculture

Last Answer : c) Refinancing to agricultural financing institutions 

Is it a bad idea to make two big purchases (monthly payments) at once?

Description : Is it a bad idea to make two big purchases (monthly payments) at once?

Last Answer : Since the car is still running, why not do the apartment getting and settling in first and then see how you make out before buying a new car?

Will I get an auto loan with a credit score of 662?

Description : Will I get an auto loan with a credit score of 662?

Last Answer : answer:Yes, you will. But a 662 will probably get you a less attractive rate than if you had a 750, because you will be perceived (right or wrong) as more of a credit risk. The amount they give you will ... income, and the age and condition of the car. There's no way for us to know either of those.

Auto Loan Early Payoff?

Description : Auto Loan Early Payoff?

Last Answer : Auto Loan Early PayoffHow much interest can you save by increasing your auto loanpayment? This financial calculator helps you find out. View thereport to see a complete amortization payment schedule, and howmuch you can save on your auto loan!

Auto Loan Calculator?

Description : Auto Loan Calculator?

Last Answer : Auto Loan CalculatorUse this calculator to help you determine your monthly auto loanpayment or your auto purchase price. After you have entered yourcurrent information, use the graph options to see ... . Youcan also examine your complete amortization schedule by clicking onthe "View Report" button.

Auto Loan vs. Home Equity Loan?

Description : Auto Loan vs. Home Equity Loan?

Last Answer : Auto Loan vs. Home Equity LoanHome equity loans often have lower interest rates than autoloans and the interest may be tax deductible. Two good reasons totake a look at home equity loans to finance your automobilepurchase.

Bi-weekly Auto Loan Calculator?

Description : Bi-weekly Auto Loan Calculator?

Last Answer : Bi-weekly Auto Loan CalculatorThis calculator shows you possible savings by using anaccelerated bi-weekly auto loan payment. Bi-weekly paymentsaccelerate your auto loan payoff by paying 1/2 of your ... thousands of dollars in interest. Click on the "ViewReport" button to see your savings!

What are some disadvantages of an auto title loan?

Description : What are some disadvantages of an auto title loan?

Last Answer : Auto title loans are risky at best. Interest rates are very high, it may become impossible to pay off the loan. A good article about the disadvantages of an auto title loan can be found ... -08/living/aa.car.title.loans_1_car-title-loan-interest-rates-responsible-lending-for-title-loans?_s=PM:LIVING

When getting an auto loan, is the title different in California than paying cash for a car?

Description : When getting an auto loan, is the title different in California than paying cash for a car?

Last Answer : Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.

What happens if I don't repay an auto title loan?

Description : What happens if I don't repay an auto title loan?

Last Answer : You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.

What information does the dealership need for me to fill out their auto loan forms?

Description : What information does the dealership need for me to fill out their auto loan forms?

Last Answer : In order to apply for an auto loan, you will need your personal information such as your name, social security number, income details. You will also need to provide your employment details.

Do you need good credit for an auto loan?

Description : Do you need good credit for an auto loan?

Last Answer : For the more expensive cars you will need a good credit rating,you credit rating is a way of letting the lender know how much he or she can lend you with the probability of you paying it back.

What exactly is an auto loan amortization ?

Description : What exactly is an auto loan amortization ?

Last Answer : The term "auto loan amortization" simply refers to the payment shedule associated with an auto loan. Auto loans can be obtained at a variety of financial establishments, whilst amortization schedules for such loans are available online.

Where can I get a quick auto loan?

Description : Where can I get a quick auto loan?

Last Answer : First start with a local car dealership. If that doesn't work then try your local bank, especially if you've had a long relationship with them. You can also try a buy here pay here dealership.

How can I refinance my auto loan?

Description : How can I refinance my auto loan?

Last Answer : I would go to the place you got your loan from and see if they can refinance it to save you on internet. If you cannot get a lower rate from them, I would look at other loan places to find a lower rate.

Is there any auto loan with good rates, that works the best?

Description : Is there any auto loan with good rates, that works the best?

Last Answer : Yes, you can go to a place online to find auto loan companies. One example is 1-800-get-acar. However, it may be a good idea to check out local companies that you can trust. Wells Fargo and Bank of America as well-known companies that offer auto loans.

What is the meaning of auto loan calculator.?

Description : What is the meaning of auto loan calculator.?

Last Answer : An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.

What do I need to improve my credit score for an auto loan?

Description : What do I need to improve my credit score for an auto loan?

Last Answer : To improve you credit score for an auto loan, you need to pay off your bills on time. You should pay off your debt. You should not take out additional credit and you should check your credit report.

are auto loan rates fixed or variable?

Description : are auto loan rates fixed or variable?

Last Answer : Auto loan are fixed rate loans. The only way to change them is to go to another lender and refinance for a lower rate. I recommend shopping for the best rate before you start and would advise going with your personal bank over financing through the dealer.

Is this a smart idea, to take a loan out of my 401k for?

Description : Is this a smart idea, to take a loan out of my 401k for?

Last Answer : answer:I think you should start a side fund, if you can, to save money for your venture, rather than to touch your 401K. I was in a financial pinch a while back for about the same amount of money and ... s something that can wait a month or two for you to pull together the money, I'd wait and save.

How do you know if a debt consolidation loan is a good idea?

Description : How do you know if a debt consolidation loan is a good idea?

Last Answer : Debt consolidation loans are good for people who are trying to keep track of lots of small bills like maxed out low limit credit cards, or for people with multiple student loans. By putting all the ... loan includes it, your rate will be higher and you will wind up paying more over time.

Is it moral to request the free government home Covid tests if you can afford to buy them?

Description : Is it moral to request the free government home Covid tests if you can afford to buy them?

Last Answer : I am continuing to buy my own, because it is no hardship for me and I can easily avoid contact. If I was still out there, I might order from the government. ETA by “out there” I mean working around others, not having the tests for convenience so I can be being more social.

I always want more things but I have no money, that makes me so sad what should I do? how to afford it?

Description : I always want more things but I have no money, that makes me so sad what should I do? how to afford it?

Last Answer : May I quote Marcus Aurelius, Roman Emperor: “Do not indulge in dreams of having what you have not, but reckon up the chief of the blessings you do possess, and then thankfully remember how you would crave for them if they were not yours.”

If you could afford to retire right now would you?

Description : If you could afford to retire right now would you?

Last Answer : I would without doubt shut it down right now if I could afford to.

If I have the dentist pull out all my teeth, will the Tooth Fairy give me enough money to pay the dentil bill and maybe afford implants?

Description : If I have the dentist pull out all my teeth, will the Tooth Fairy give me enough money to pay the dentil bill and maybe afford implants?

Last Answer : If you didn’t live in the USA, maybe, but with the health care situation there, no way, no how.

How do senior citizens on fixed incomes afford dental services?

Description : How do senior citizens on fixed incomes afford dental services?

Last Answer : Dental schools sometimes have free discounted dental work with the students. So that the students can practice with a real person. It might even be free. Go ask.