Comments for Finance News http://financene.ws Mon, 20 Feb 2012 01:57:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Q&A: Can I Get a Refinanced Mortgage if I Start a Home Business With No Employees and Still Work My Regular Job? by ed m http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1042 ed m Mon, 20 Feb 2012 01:57:17 +0000 http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1042 i do not see any problem with you getting the refinance and i would not worry about the business end affected it!!! i do not see any problem with you getting the refinance and i would not worry about the business end affected it!!!

]]> Comment on Q&A: Can I Get a Refinanced Mortgage if I Start a Home Business With No Employees and Still Work My Regular Job? by Mortgage Planner http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1041 Mortgage Planner Mon, 20 Feb 2012 01:07:28 +0000 http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1041 A lender wants to see a history of stable and continual employment and income and will consider - your debt-to-income ratio (debt divided by income) - the loan-to-value ratio (mortgage divided by appraised value) - your credit history. Based on what you have stated, as long as you continue to have stable employment and income, no increase in debt and maintain your credit score, your plans to start a business should have no impact on your ability refinance your mortgage. A lender wants to see a history of stable and continual employment and income and will consider

- your debt-to-income ratio (debt divided by income)
- the loan-to-value ratio (mortgage divided by appraised value)
- your credit history.

Based on what you have stated, as long as you continue to have stable employment and income, no increase in debt and maintain your credit score, your plans to start a business should have no impact on your ability refinance your mortgage.

]]> Comment on Q&A: Can I Get a Refinanced Mortgage if I Start a Home Business With No Employees and Still Work My Regular Job? by Nanci T http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1040 Nanci T Mon, 20 Feb 2012 00:11:38 +0000 http://financene.ws/qa-can-i-get-a-refinanced-mortgage-if-i-start-a-home-business-with-no-employees-and-still-work-my-regular-job/#comment-1040 I believe the answer you're looking for can be found on this site. They've got lots of info about the subject. I believe the answer you’re looking for can be found on this site. They’ve got lots of info about the subject.

]]> Comment on I Have a Mortgage on One Home, Can I Get a Second Mortgage to Pay for Another House? by Debt Guru http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-999 Debt Guru Sun, 13 Nov 2011 01:55:50 +0000 http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-999 Also use a free quote service such as https://www.bills.com/mortgage/mortgage_refinance/ to get quotes from at least 3 - 4 lenders. that way you will know where you stand, and will be better informed to make your decision. Also use a free quote service such as https://www.bills.com/mortgage/mortgage_refinance/ to get quotes from at least 3 – 4 lenders. that way you will know where you stand, and will be better informed to make your decision.

]]> Comment on I Have a Mortgage on One Home, Can I Get a Second Mortgage to Pay for Another House? by EDDIE F http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-998 EDDIE F Sun, 13 Nov 2011 01:36:13 +0000 http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-998 I was once in your situation. Don't worry, everything will work out for you =) A year ago I found this organization that gives people up to $ 1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money. http://www.mortgage-and-rent-assistance.org Good Luck! I was once in your situation. Don’t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $ 1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.mortgage-and-rent-assistance.org

Good Luck!

]]> Comment on I Have a Mortgage on One Home, Can I Get a Second Mortgage to Pay for Another House? by Renovation Specialist http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-997 Renovation Specialist Sun, 13 Nov 2011 01:16:43 +0000 http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-997 I would have to say yes to both of your questions. You can refinancing your current home and pull cash out to put down on the new home. You can also rent out the current home to off set your monthly obligations. So, you will be getting cash out the home and getting a tenant to pay your current mortgage. But, if you can get a tenant to rent out your home in the time you have to move. Your mortgage lender would simply have to make sure your debt to income ratios will allow you to take on two mortgages. As for the BK most lender would require you to have it discharged for at least 24 months. The lenders that would allow you to get a loan with a BK discharged for a couple of day would give you a higher rate as well as a lower loan amount. Which basically means you'll have to put down more money then you'd like too. I would have to say yes to both of your questions. You can refinancing your current home and pull cash out to put down on the new home. You can also rent out the current home to off set your monthly obligations. So, you will be getting cash out the home and getting a tenant to pay your current mortgage. But, if you can get a tenant to rent out your home in the time you have to move. Your mortgage lender would simply have to make sure your debt to income ratios will allow you to take on two mortgages. As for the BK most lender would require you to have it discharged for at least 24 months. The lenders that would allow you to get a loan with a BK discharged for a couple of day would give you a higher rate as well as a lower loan amount. Which basically means you’ll have to put down more money then you’d like too.

]]> Comment on I Have a Mortgage on One Home, Can I Get a Second Mortgage to Pay for Another House? by Tony D http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-996 Tony D Sun, 13 Nov 2011 00:20:20 +0000 http://financene.ws/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-996 Texas bound eh? Welcome to a whole 'nother country! I relocated to Ft Worth two years ago from San Diego. I like it here, especially every month when I pay my tiny little mortgage payment! As for the cash out thing, 2nd mortgage lenders are really tight on recent prior BK's. If you have a lot of equity in your home, you can get something decent and get a good loan on your new residence. Are you thinking of keeping the old place as investment? Or just using the equity to move, then sell after you get here? There are a few considerations you have to make. More than I can go into here. I would be happy to help answer questions and share some of what I have learned. Feel free to contact me at www.ahdevito.com Texas bound eh? Welcome to a whole ‘nother country! I relocated to Ft Worth two years ago from San Diego. I like it here, especially every month when I pay my tiny little mortgage payment! As for the cash out thing, 2nd mortgage lenders are really tight on recent prior BK’s. If you have a lot of equity in your home, you can get something decent and get a good loan on your new residence. Are you thinking of keeping the old place as investment? Or just using the equity to move, then sell after you get here? There are a few considerations you have to make. More than I can go into here. I would be happy to help answer questions and share some of what I have learned. Feel free to contact me at http://www.ahdevito.com

]]> Comment on A Car Insurance Question by CaseyAngelEyes http://financene.ws/a-car-insurance-question/#comment-828 CaseyAngelEyes Wed, 20 Jul 2011 23:44:42 +0000 http://financene.ws/?p=513#comment-828 If it is an old vehicle then it shouldn't cost too much. Try getting a quote online. I am paying less than ½ of what I was before. Go to: http://www.insureme.com/landing.aspx?Refby=615451&Type=auto Take care, Casey If it is an old vehicle then it shouldn’t cost too much. Try getting a quote online. I am paying less than ½ of what I was before.

Go to: http://www.insureme.com/landing.aspx?Refby=615451&Type=auto

Take care,
Casey

]]> Comment on Investing by Max M http://financene.ws/investing/#comment-816 Max M Wed, 20 Jul 2011 23:17:37 +0000 http://financene.ws/?p=512#comment-816 If you're a rookie in investing or stocks, go to www.finance.yahoo.com. Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression. That's the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won't lose money. It's just that these stocks are the best. They pay good dividends too. Then once you're comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They're excellent for beginners. If you’re a rookie in investing or stocks, go to

http://www.finance.yahoo.com.

Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.

]]> Comment on Investing by A nobody http://financene.ws/investing/#comment-818 A nobody Wed, 20 Jul 2011 23:01:27 +0000 http://financene.ws/?p=512#comment-818 There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges. Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website http://moneycentral.msn.com/home.asp http://articles.moneycentral.msn.com/Investing/MutualFunds_DC/MutualFunds.aspx it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing. You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/) can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it. Other website that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/, http://www.investorshub.com/ http://www.1source4stocks.com/, http://www.tradingstocksguide.com/tradin… Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature. You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.

Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website
http://moneycentral.msn.com/home.asp
http://articles.moneycentral.msn.com/Investing/MutualFunds_DC/MutualFunds.aspx
it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.

You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/)
can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful.

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.

Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/, http://www.investorshub.com/ http://www.1source4stocks.com/, http://www.tradingstocksguide.com/tradin…

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey

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