Yahoo! Finance - Personal Finance | Loans

How can I prevent another denied loan?

Thu, 02 May 2013 03:01:33 -0400

Dear Debt Adviser, I applied for a home equity line of credit with my mortgage lender. I was denied, in part, because I've been late occasionally on my mortgage payments. I now have a credit score of 670 ...

National mortgage rates for May 2, 2013

Thu, 02 May 2013 03:01:23 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 3.52% (30-year fixed) 0.33 (average points) Mortgage rates dipped for the seventh ...

Credit card interest rates for May 2, 2013

Thu, 02 May 2013 03:01:07 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.24% (all variable) The average annual percentage rate, ...

CD rates for May 2, 2013

Thu, 02 May 2013 03:01:01 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.25% (1-year CD yields) 0.79% (5-year CD yields) The yield on the benchmark five-year ...

Auto loan rates for May 2, 2013

Thu, 02 May 2013 03:00:56 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best auto rates in your area. Auto Loans 4.11% (60-month, new car) 4.69% (36-month, used car) Auto loan rates were mostly ...

Mortgage rates fall to just above record low

Thu, 02 May 2013 03:00:51 -0400

Having dropped for seven consecutive weeks, mortgage rates are now flirting with the record lows seen at the end of last year. And the Federal Reserve seems determined to keep them at the bottom for now. ...

401(k), mortgage tips for the nearly retired

Thu, 02 May 2013 03:00:43 -0400

Dear Dr. Don, I'm 57 and hope to retire in about nine years. I need help getting my finances in order, and I was looking for advice on what to do with any spare cash. Would it be better to pay off my mortgage ...

With damaged credit, can I get a mortgage?

Wed, 01 May 2013 03:00:08 -0400

Dear Dr. Don, I have come to the conclusion that I must downsize my home and reduce my mortgage payment. Am I able to get a loan for a new, smaller house with about half the mortgage payment when I recently ...

Should I take out a loan to file for bankruptcy?

Tue, 30 Apr 2013 03:00:19 -0400

Dear Bankruptcy Adviser, I am trying to file bankruptcy and have talked to a lawyer. Unfortunately, I do not have the money to file without making my financial situation even more delicate. I have thought ...

Tax hit if parents pay kid's student loan?

Tue, 30 Apr 2013 03:00:15 -0400

Dear Dr. Don, My daughter has $145,000 in student loan debt. We have some savings and want to pay $110,000 toward the loan. Is there a tax consequence for any of us? The interest rate on her loan is 6.9 ...

Loans Borrowed Against Pensions Squeeze Retirees

Mon, 29 Apr 2013 10:40:21 -0400

Pension advances, federal and state authorities say, are carefully disguised loans that carry interest rates that are often many times higher than those on credit cards.

A Dress That Never Quits: Why the 'Jackie O' Keeps Going

Thu, 25 Apr 2013 15:51:03 -0400

Los Angeles When Laurel Berman's blouse wouldn't stay tucked into her high-waisted pencil skirt, the fashion designer fixed the problem by stitching the two together. Several tweaks later, the "Jackie ...

US mortgage rates fall; 15-year loan at record low

Thu, 25 Apr 2013 15:38:44 -0400

The average U.S. rate on the 15-year mortgage marked a record low this week and the 30-year rate fell closer to its historic low. Here's a look at rates for fixed and adjustable mortgages this week and ...

US rate on 15-year loan at record-low 2.61 pct.

Thu, 25 Apr 2013 14:10:03 -0400

The average U.S. rate on the 15-year fixed mortgage fell last week to its lowest level on record, making refinancing and home-buying more attractive to those who can qualify. Mortgage buyer Freddie Mac ...

News Summary: 30-year mortgage rate at 3.40 pct.

Thu, 25 Apr 2013 13:35:49 -0400

RATES FALL: The average U.S. rate on the 30-year mortgage fell closer this week to a historic low and the 15-year rate marked a new record low. Low rates are increasing the affordability of buying homes ...

US rate on 30-year mortgage slips to 3.40 percent

Thu, 25 Apr 2013 13:28:30 -0400

The average U.S. rate on the 30-year mortgage fell closer this week to its historic low and the 15-year rate marked a record low. Low rates are increasing the affordability of buying homes and refinancing. ...

Best financial decision? Paying off mortgage

Thu, 25 Apr 2013 11:23:08 -0400

What’s the best money move you ever made? For many people, it was paying off their mortgage, according to a new Harris Interactive survey.

Mortgage rate hits record low

Thu, 25 Apr 2013 10:41:00 -0400

Mortgage rate hits record low

Can I fix my kid's student loan default?

Thu, 25 Apr 2013 03:01:11 -0400

Dear Debt Adviser, My daughter's friend co-signed her student loan. Unfortunately, the loan is now in default. I would like to take over responsibility for paying back the student loan. How do I go about ...

National mortgage rates for April 25, 2013

Thu, 25 Apr 2013 03:01:06 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 3.57% (30-year fixed) 0.31 (average points) Mortgage rates inched down for the ...

Credit card interest rates for April 25, 2013

Thu, 25 Apr 2013 03:00:57 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.27% (all variable) The average annual percentage rate, ...

CD rates for April 25, 2013

Thu, 25 Apr 2013 03:00:45 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.25% (1-year CD yields) 0.79% (5-year CD yields) Rates on longer-term certificates ...

Auto loan rates for April 25, 2013

Thu, 25 Apr 2013 03:00:41 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best auto rates in your area. Auto Loans 4.12% (60-month, new car) 4.69% (36-month, used car) Auto loan rates were mixed ...

Mortgage rates are down, home sales are up

Thu, 25 Apr 2013 03:00:35 -0400

Mortgage rates inched closer to historic lows this week as more homebuyers jumped into an increasingly competitive housing market. 30 year fixed rate mortgage 3 month trend The benchmark 30-year fixed-rate ...

The basics of private mortgage insurance (PMI)

Thu, 25 Apr 2013 03:00:31 -0400

If your down payment on a home is less than 20 percent of the appraised value or sale price, your lender will require you to get mortgage insurance. A mortgage insurance policy protects your lender in ...

Payday loan rules are on the way

Wed, 24 Apr 2013 21:00:00 -0400

Banks and storefront lenders will face new rules on small-dollar loans to protect borrowers

Feds crack down on payday loans, deposit advances

Wed, 24 Apr 2013 21:00:00 -0400

Banks and storefront lenders will face new rules on small-dollar loans to protect borrowers

How to Spot a Home-Contractor Scam

Wed, 24 Apr 2013 17:06:53 -0400

This is the season when the lawn mowers begin roaring, the mulch is spread and homeowners, if they haven't already, begin thinking about getting that roof fixed or finally putting up a privacy fence. But ...

Down Payment Rules Are at Heart of Mortgage Debate

Wed, 24 Apr 2013 14:15:54 -0400

Many lawmakers, lenders and consumer advocates are now cautioning against rules that would require many borrowers to make large down payments.

Why a $1 Savings Account Makes a Child More Likely to Attend College

Wed, 24 Apr 2013 10:14:50 -0400

I was assured that I'd qualify for student loans by my parents. I was assured by the financial aid office that I'd qualify for student loans. Since loans were inevitable, I decided there wasn't much point ...

When does bad debt fall off credit reports?

Wed, 24 Apr 2013 08:00:00 -0400

If you have debts that went into collections and were later discharged in bankruptcy, when can you expect those marks to be erased from your credit reports?

Consumer bureau calls payday loans a trap, warns of new rules

Wed, 24 Apr 2013 00:21:57 -0400

The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday that new rules could be on the way for payday lenders and banks making ...

Lender demanding more in interest payments

Tue, 23 Apr 2013 03:00:40 -0400

Dear Dr. Don, I have some questions about some problems I'm having with a home equity loan. The Truth in Lending Act statement said it was a fixed-rate loan with 120 payments to pay off a $24,000 loan ...

Are Student Loans Destroying the Economy?

Mon, 22 Apr 2013 13:10:19 -0400

Reuters Recoveries are powered by two things. Houses and cars . And young people aren't buying either. That's the conclusion from a new study out of the New York Fed , via Brad Plumer , that can be easily ...

Borrow from retirement accounts for house?

Mon, 22 Apr 2013 03:00:50 -0400

Dear Retirement Adviser, Aloha! I was reading a Q-and-A about taking out a loan from an individual retirement account and an article about taking out a loan from a 401(k) on Bankrate. Can I take out a ...

US mortgage rates fall for 3rd straight week

Thu, 18 Apr 2013 14:38:07 -0400

Average U.S. fixed mortgage rates fell this week for the third week in a row, moving closer to historic lows. Here's a look at rates for fixed and adjustable mortgages this week and over the past year:...

Student loan borrowers shy away from buying new homes

Thu, 18 Apr 2013 12:17:38 -0400

By Elvina Nawaguna WASHINGTON (Reuters) - Younger Americans are increasingly struggling with the burden of student loan debt, and appear to be retreating from homeownership and car debt, according to a recently released study. Historically the median age of first home purchases has been about 30 years old, and homeownership rates were significantly higher for 30-year-olds with a history of student debt. That's because this population tends to have higher levels of education and higher income. ...

US rate on 30-year mortgage falls to 3.41 pct.

Thu, 18 Apr 2013 12:15:16 -0400

Average U.S. rates on fixed mortgages fell closer this week to their historic lows, making homeownership more affordable and refinancing more attractive. Mortgage buyer Freddie Mac says the average rate ...

Bank Loans Appealing but Far From a Cash Alternative

Thu, 18 Apr 2013 07:00:00 -0400

These funds are best used to augment--rather than supplant--high-quality fixed-income exposure.

National mortgage rates for April 18, 2013

Thu, 18 Apr 2013 03:10:00 -0400

Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 3.61% (30-year fixed) 0.32 (average points) Mortgage rates inched down this ...