Auto Loan vs. Home Equity Loan?

Auto Loan vs. Home Equity Loan?
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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.
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How does a home equity loan work?

Description : How does a home equity loan work?

Last Answer : answer:Is a secured loan where you borrow against the equity in your house. This is calculated by taking the appraised market value of your home minus what you owe on the house. Say you paid $200k for your house ... at $225k. $225 - $150 = $75k in equity that you can borrow in a HEL Good Luck ! R

Can interest on Home Equity loan be deducted from federal taxes

Description : Can interest on Home Equity loan be deducted from federal taxes

Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Can I get a home equity loan from a Texas bank if I live in another state?

Description : Can I get a home equity loan from a Texas bank if I live in another state?

Last Answer : You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.

What is the average interest rate on a Home Equity Loan in Texas?

Description : What is the average interest rate on a Home Equity Loan in Texas?

Last Answer : The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%

What are current rates on an equity loan?

Description : What are current rates on an equity loan?

Last Answer : Most equity loans are loaning money at least at 5%. Interest rates do vary from loan to loan based on the credit worthiness of the loan.

Can I use my car's title as collateral for a car equity loan?

Description : Can I use my car's title as collateral for a car equity loan?

Last Answer : When it comes to using collateral for a car equity loan using your car title is an option through certain loan providers it just depends on their qualifications and the value of your 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.

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.

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.

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.

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

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

Last 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.

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.

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.

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.

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

How is the credit line priced for a home equity line?

Description : How is the credit line priced for a home equity line?

Last Answer : The most informative online resource for information on a credit line for a home equity line is from United States government. http://www.federalreserve.gov/pubs/equity/equity_english.htm

Home Equity Lines of Credit?

Description : Home Equity Lines of Credit?

Last Answer : In addition to home equity loans, it is now possible to obtain home equity lines of credit that allow you to borrow only the amount you need at any given time, even though you have access to an ... of your home. It is even possible to apply for a home equity line of credit from online lenders.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

Is there anything nice to say about private equity funds?

Description : Is there anything nice to say about private equity funds?

Last Answer : The only ‘good’ thing to say is that – if you are in them, you can go from moderately rich to VERY rich without doing a damn thing.

Gender equity or gender war?

Description : Gender equity or gender war?

Last Answer : answer:There's a very interesting book about many of these issues called The Myth Of Male Power by Dr. Warren Farrell. Make no mistake though, he is operating from a VERY biased, anti- ... of women and men, respectively, each year, but breast cancer research receives 700% more funding annually.

Explain the concept Of ‘equity’ and ‘sustainability’ as the pillars of human development. -Geography

Description : Explain the concept Of ‘equity’ and ‘sustainability’ as the pillars of human development. -Geography

Last Answer : Equity: Equity refers to making equal access to opportunities available to every body. It must be equal irrespective of their gender, race, income and in the Indian case, caste. ... generations. Each generation must ensure the availability of choices and opportunities to its future generations.

What is Equity ?

Description : What is Equity ?

Last Answer : Equity means equality.

what is fair equity percentage for small project startup participation?

Description : what is fair equity percentage for small project startup participation?

Last Answer : Need Answer

Which is a better SIP investment option - Equity funds or Index funds ?

Description : Which is a better SIP investment option - Equity funds or Index funds ?

Last Answer : Equity fund is a part of index fund hence both have their pros and cons. Equity funds are the most popular due to the past performance of these funds. You can select both by dividing your ... than going through regular index mutual funds. You can refer Infini mf app for top performing mutual funds.

State whether drawings increase or decrease owner’s equity.

Description : State whether drawings increase or decrease owner’s equity.

Last Answer : State whether drawings increase or decrease owner’s equity.

What does equity of a tax mean?

Description : What does equity of a tax mean?

Last Answer : The tax is fairly assessed.

Why is cost of equity called cost of equity?

Description : Why is cost of equity called cost of equity?

Last Answer : Feel Free to Answer

What A financial statement that lists a company's assets liabilities and owner's equity as of a specific date is called?

Description : What A financial statement that lists a company's assets liabilities and owner's equity as of a specific date is called?

Last Answer : A Balance Sheet, also sometimes referred to as a Statement of Financial Position.

Should I trust a private equity firm?

Description : Should I trust a private equity firm?

Last Answer : You can if you choose carefully. Here is a guide http://secondventure.com/How-to-Choose-a-Private-Equity-Company.asp

What is private equity and how does it work?

Description : What is private equity and how does it work?

Last Answer : Private equity is the personal ownership of stocks. Equity is a form of ownership of a company and you can be involved in private equity simply by building a portfolio of stocks that you own.

What is American Equity index 5 rated?

Description : What is American Equity index 5 rated?

Last Answer : If you are referring to American Equity Investment Life Insurance Company (and not the mortgage company) and have an Index-5 then you may be entitled to funds from a class action settlement.

Does my equity improve my chances of getting refinanced?

Description : Does my equity improve my chances of getting refinanced?

Last Answer : The more equity someone has, the better the chances of getting refinancing to go through. Confirming this with current lenders or banks would be best to get an accurate answer.

Can I refinance my mortgage if I have low equity in my house?

Description : Can I refinance my mortgage if I have low equity in my house?

Last Answer : Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.

How do you calculate the asset beta, equally weighted asset beta and cost of capital equity for 3 given firms?

Description : How do you calculate the asset beta, equally weighted asset beta and cost of capital equity for 3 given firms?

Last Answer : An equity analyst needs to estimate the beta of the restaurant business in the UK. She gathers data on three companies that own and manage pubs, bars and restaurants in the country, namely, the Restaurant Group ( ... is 1.9b GBP. Wetherspoon has an equity beta of 0.80 and is financed 30% by debt a

What is the role of individual is maintaining peace harmony and equity in nature?

Description : What is the role of individual is maintaining peace harmony and equity in nature?

Last Answer : In order to live in harmony with nature human beings must recognize and respect its the human existence has to function and sustain itself within this system. Harmony in the individual and harmony in human relationships.

Which of these government policies pursues the economic goal of equity?

Description : Which of these government policies pursues the economic goal of equity?

Last Answer : Increasing the money supply.

which is the cvv number on an equity MasterCard?

Description : which is the cvv number on an equity MasterCard?

Last Answer : the three-digit CVV number is printed on the signature panel on the back of the card immediately after the card's account number

What is the difference between an equity and an IPO?

Description : What is the difference between an equity and an IPO?

Last Answer : IPO Initial Public Offering is made by private companies to convert it into public based companies and that is the first time ever that company is selling its shares to the public whereas Equity share ... from the public, instead the company will pay the interest to the public who holds its shares.

What is the difference between commodity and equity?

Description : What is the difference between commodity and equity?

Last Answer : equity gives the person ownership rights while commodity refers to goods that can be traded. Commodity refers to a generic form of a product that is very basic and undifferentiated. Examples of a ... shares held by a shareholder represent equity as it shows ownership held in the company by other.