prime interest rate
Related Questions & Answers
Results 1-10 from 28 articles
Financial Experts Weigh-In Please!
Asked by S.S. from Los Angeles
on February 3, 2012
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I have 2 private student loans at the following variable interest rates:
1) Prime + .5%
2) LIBOR + 4.5%
Given the current interest rates, this is GREAT and I'm...
Answers
- I'm no expert, but I am under the understanding & opinion that unless it's over a very brief time period, you're always better off with a fixed rate.
- How much longer left on the loans? And how often do they reset? If you have many years left and it re-sets annually, you can watch the rates throughout the year and if...
- Without knowing how long the loan is for, you can't really decide ;) Find a good online student loan debt calculator and run the numbers. A fix rate isn't always be...
Refinancing Home
Asked by J.E. from Boise
on February 27, 2009
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Our current home morgage intrest rate is 5.85. We were told by a lender that we could lower it to 4.88 by refinancing. Is this smart given the state of the economy? ...
Answers
- OK this may sound off, but here is my suggestion and I know of many friends (with both perfect and not so perfect credit) that have done what I'm going to suggest to y...
- I wouldn't trust everyone, some of these lenders are so desperate for work, they will say anything. We have a wonderful who is so honest. We have a fixed rate that's...
- I think you need to run the numbers and read the fine print. Does the refinancing come with no cost or will you have to pay points and/or fees? Is there going to be ...
Just Lost My job.....pregnant W/two Kids - NEED BUDGET CUTTING IDEAS!
Asked by S.J. from St. Louis
on April 25, 2010
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I just lost my job, so our household income is now about half what it was. I am 5 months pregnant, so finding another job right now might prove challenging to say the...
Answers
- You are like millions of other people in this economy. It is hard. There is no nice way of saying it. We all live the lifestyle our income allows. Very few of us h...
- Hi S., How many children do you have right now? (Feeding a family of how many and what ages, any pets, etc.) I use a lot of homemade cleaners, but also make my ow...
- Sounds like you're already doing the easy stuff. But you could call up your loan companies and apply for a forbearance. I was unemployed for many months after my fir...
Need a Reputable Debt Consolidation Service/company
Asked by M. from Cleveland
on February 2, 2008
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Hello Moms!
I was wondering if anyone has ever used a debt consolidation service/company. I recently split from my boyfriend of 5.5 years. We have a 3 yr old son ...
Answers
- what getting a debt consolidation loan? pay all the cards off and then jsut have 1 payment...hopefully witha decent interest rate. i tried one of those credit couns...
- I work for a bankruptcy attorney, and have seen this over and over again. I want to urge you to use Azalia's advice below, because what happens with most debt reducti...
- You should read "Total Money Makeover" by Dave Ramsey!!! I couldn't put it down amd he is awesome when it comes to helping people get out of debt in ways that truly w...
How Often Do You Redecorate - Hubby Doesn't Want Me Too!
Asked by M.K. from Los Angeles
on January 6, 2011
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My living room has not been papered or painted since my MIL did it 12 years ago - the wallpaper is a nice style and good quality, but my toddler has wreaked havoc on i...
Answers
- peel it all off and give it to him in a box if he loves it so much. ;0) 12 years is time for an update. Could he maybe be worried that once there is new paint you will...
- if the paper is pealing you will have to remove it before you repaint. But yes it's time to redecorate if it's ugly but if you do this with him fighting it , it will ...
- That is weird. I would pull off the old paper, instead of painting over it. Just a thought. It'll take awhile, but maybe if DH helps you do it, he'll see how bad it i...
Kids and Sweets- Healthy Mom Wants to Know If Its Realistic to Hold off on Sugar
Asked by H.H. from Los Angeles
on July 29, 2008
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When I pictured being a mom, I pictured being one of those mom's who kept all sugar and junk food out of the diet until they were three of four. Possibly going vegeta...
Answers
- I completely understand your dilemma. While I am only about to have my first child myself, I have several nieces and nephews, and am constantly trying to keep them awa...
- Hi, I wanted the same thing for my son. Not the whole vegetarian thing but I wanted him to stay away from sweets, sodas, and read meat. For a while I was able to do ...
- I would change your unrealistic goals now. Since there is sugar in almost everything (even fruit), you can't go without sugar completely. You can always buy sugar fr...
Should We Refinance?
Asked by N.B. from Chicago
on January 29, 2010
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I wondered if there are any mortgage savvy people out there that might have an opinion on what would be the best decision.
We have made not great decisions in the p...
Answers
- I am not a mortgage expert. When I purchased my first condo I made a lot of mistakes because I used a mortgage broker who did not have my best interests in mind (desp...
- I know a great mortgage person who would assess your situation and be honest with you about what would be best for you to do or not do. Respond back if you want her c...
- From our experience, your mortgage payments might double when your arm expires. It's ridiculous how much they can increase your payment, but in the fine print of the ...
Relationship Advice- Please Help!
Asked by D.K. from Cleveland
on September 7, 2006
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I have been married for three months, but have been living with my husband for two years. We have a 9 month old daughter who is absolutely amazing. The only problem t...
Answers
- D. Its perfectly normal. I'm a first mom of a 10 mos old, and felt the same way you do. Its not that you feel any different about your husband, he's done nothing to t...
- Hi D., Just wanted to let you know that you are not alone. I have a 4 year old and an 8 month old and I feel exactly the same way. I actually thought my hubby may h...
- D. - Do you and your husband still date? I am 27 and have been married for eight years. I have two children under 3. About a year after having my daughter we be...
Help - Which Credit Card Should I Get?
Asked by A.J. from Dallas
on April 3, 2006
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Hi Moms,
I have to get a credit card and I have never had one before (don't believe in them at all) and I have no idea which one to get.
Is there one that is bet...
Answers
- A., I have no idea how old you are but after working for 4 years in a credit card collections department I think it is absolutely outstanding that you are asking th...
- I like Discover. You can get cash back rewards, they have a low APR (which is annual percentage rate, or what they charge you on your balance.) My best advice is to d...
- I would suggest you check with your bank first. Normally a bank will offer a credit card that you can pay directly from your bank account online. Also, the APR is norm...
Home Loans
Asked by L.T. from Dallas
on January 6, 2010
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Hello...
We are wanting to purchase a home in the next few months. Our credit is not that great so we are not qualified for a normal loan but we are wanting to put d...
Answers
- If you are putting down half of the purchase price then you should be able to qualify for a "normal" loan. Even with the bad credit you shouldn't get stuck with a high...
- Contact Patty Farmer at Envoy Mortgage. She can help you navigate through all your options. Her number is ###-###-#### x228. Website is www.PattyDoesLoansFast.com ...
- Let me just tell you that absolutely NOTHING is the way it used to be in the Lending industry now. I've been a mortgage broker/banker for over 11 years and my husband...
