Beautiful and Smart


I was wondering if anyone new how to get grants for down payment assistance for loans to purchase a home?

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sassy sista


I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.

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Benji A


How come under a MONETARY Expansion Interest rates go down and under a FISCAL Expansion interest rates go up?

I understand that when there is a Monetary expansion the money supply goes up thats why interest rates go down… but during a fiscal expansion the money supply goes up also.. so why do interest rates go up under a fiscal expansion?

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Mechanicboy


I have a FICO score of 725 so I’m thinking if I find the right bank I could still get a home loan even in this economy, but which banks should I apply at first? I live in Northern California and want a fixed rate loan.

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HAPPY_DAYZZZ


What are the requirements for the two home loans?

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campnstarz


If there are 300 million people in America, and likely less than 100 million mortgages, a buy out of less than 100 million could stop the leveraged mortgage meltdown. Why not stop it at the source and only spend 100 million instead of the billions?

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bsbro


I am trying to purchase a mixed use building (5 residential units and 2-4 commercial stores) in NJ. I know that commercial mortgages are a little different from home mortgages (i.e. there are no 30 year loans).

What different types of mortgages are available for purchasing a building like this?

Also, the money borrowed to buy a home is called a mortgage, is it also the same term used for buying a commercial property?

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AssociatedPress


More than half of all homeowners who had their homes loans modified in the early part of this year are already in default. The AP’s Mark Hamrick reports. (Dec. 8)

Naveen V


When the RBI has a repo rate of 6% and a reverse repo rate of 7.5%, one would expect the overnight call rate among the banks to be somewhere between 6% and 7.5%. I believe the current very low levels of the call rate is because of the RBI using the repo window to suck liquidity only to a limited extent of Rs 3000 crore / day. What i dont understand is how the call rates can be as low as 1% (the 1% is for interest charged per annum right?). Isnt this cheap money for the banks then? Why not borrow cheap and park them in treasury bonds or liquid mutual funds? How can the overnight call rate be far off from the market interest rate irrespective of the repo and reverse repo rates and the amount of money the RBI actually does borrow from the commercial banks?

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Carefree


Yet, both our economy’s are in real trouble. Why is this, despite the fact that interest rates in the UK have remained fairly constant compared to US interest rates? Apart from the latest 1.5% rate cut of course, but that was only last Thursday.

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