I just dont understand. Our mortgage has jumped into a variable rate now. It already jumped up 0 a month and will keep increasing. We cannot refinance because this is our first year being self employed. We’ve obviously been doing very will since we’ve been paying our mortgage and then some EVERY month, on time, etc, yet we cannot refinance until we have 2 years of tax records of us being self employed. If they see that you are paying your mortgage, why cant they just help you out? Its retarded because in a few months our interest rate will jump up to almost 12%!!!
We got a fixed rate for 3 years, then it changed to a variable after that BECAUSE we were planning on being ABLE to refinance at that time. now its impossible!
We aren’t going to lose our house. We are doing very well and I’d work 24/7 if I had to :) I just dont think its fair. My family and friends are losing their houses right and left and they’ve worked so hard to keep them, with no luck.

I got a "Truth In Lending Disclosure statement in the mail today from the bank I am getting a loan from.. I can’t figure out how they get all those numbers. They somehow come up with a finance charge of ,398.77. That is how much I have to pay to borrow ,030. That’s insane! That’s over 37% interest! I haven’t sign the loan contract yet. I am buying a ,000 condo. The interest rate is 8.11% and there will be 59 monthly payments of 8.01 and at the end of the 59th month, I still have ,896.18 I still have to pay. WTF? Why do they make it so complicated?

I am thinking about just borrowing some money from a friend and pay him back the money plus 10% of that money. That would be so much simpler.

Shrives Publishing recently reported ,750 of sales, ,500 of operating costs other than depreciation, and ,250 of depreciation. The company had ,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and net working capital that totaled ,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow?

I’m buying a motorcycle but I refuse to pay full insurance because I’ll be able to pay it off WAY faster on minimum as opposed to full coverage (/month compared to 0/month, hmmmm). I’ve attempted to get personal loans but got turned down. I have no highly qualified co-signer. I’m about to just put it on my credit cards. But is it possible to get a motorcycle loan without having to pay full insurance? I know, I know… I should save my money and pay in cash like a good little boy, but I want to get this bike sometime before summer ends, so don’t reply with that advice. BTW… I live in CA
Ok, I put it on my credit cards. However, it got tricky cuz I’m buying from a private party. This is how I did it, and learn from my experience if anybody does happen to want to do similar. I made fake auctions on ebay with my buddy’s account, bought the items and payed him through paypal with my credit cards. Then he sent me back the money through paypal. BUT, I didn’t realize ebay charges so much for large auctions, so I ended up having to pay a 0 fee just for the ebay ads, then gay paypal took each way for sending money. What I couldve done is SENT him money thru paypal in the 1st place, bypassing ebay, then had him transfer to his bank, which would have left me with only a total charge. Neway I ended up with +00 on paypal, and am now transferring to my bank to get cash.

BTW: I am saving way more by not financing because
1. Im paying off faster (no 0 ins)
2. Interest rate on credit card is not that much higher than loan
3 bikes from dealers are overpriced
Im planning on paying this off before summer ends because Im going back to school and cant work as much
Thanks "Emerson A" for your generic advice. I already read that exact paragraph on a financing site. Nice plagarism, people like you on Answers annoy me

1. you expect to retire 25 years and wish to accumulate 0,000 in your retirement fund by the date you retire. If the interest rate is 10% per annum, how much should you deposit into your retirement fund each year to achieve your goal?

2. A bond with a face value of ,000 and a coupon rate of 10% per annum, paid once a year, has 3 years to run to maturity. If the yield to maturity is 8% per annum, what’s the current price of the bond?

3. You invest 00 for one year at a nominal rate of interest of 10% per annum. If the inflation rate is 4% per annum, what’ll be the rreal value of the investment at the end of one year?

4. The present value of a perpetuity of 0 per year with an interest rate of 10% per annum is 00. What would be the present value of the annunity if the payments were compounded continuously?

I went to purchase a car on 11-4-08 in Gainesville Florida. The dealer was going back and forth with the rates to make a long story short at the end of the night the had me sign papers for financing through ford. They had there name printed on the contract but they did not sign the line that said Seller:Dealer ship name By__not signed__ and Title of Rep__not signed__ . Called them the next morning and was told that they got me a cheaper interest rate. I also told them that my personal bank could offer me a lower rate. Anyway we went back and forth and then they started stretching stuff out on the original contract, but keep in mind that I had the carbon copy. They was changing the monthly rate on the contract, so I decided that no this is not for me. The guy told me that I either go with the original offer or I could take the cheaper rate and that he should have submitted my paper work on the night of the 4th but didn’t and that he failed to do it early in the morning on 11/5/08. I politely got up left the keys on the desk and walked out he came up behind me yelling it’s your car now!!! Oh, and I forgot to mention that they took my transfer tag on 11/4/08. Please anyone with knowledge of contract help!!!. I’m going to go try and retrieve my tag tomorrow.