Join the 9 million people who found a smarter way to get Expert help

Recent Credit Union questions

I am looking to refinance my home to pay off my wife loan

I am looking to refinance my home to pay off my wife loan and help build my credit score. The mortgage has been in my wife name and I am not on it - so I never had a mortgage. My house appraises for $224,000. I owe $68,000 with my regular bank. My fico score is an 806. I went to my other bank a credit union and was approved for $72,000 with a 4.5% interest rate at a 7 year loan as of the moment. $72,000 is what I'll need for closing, appraisal so on and so forth. But will change once the house is appraised by them. I could pay this off in 4 years. Was told from a friend that it is better to never pay off a home loan for tax purposes. The highest my fico score has ever been was an 831 - without a home loan. So my questions are. Is it better to have a long term (10yr to 15yr) then a short (7yr) loan - why? What tax benefits can Be taken and why?

Read more

Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

star-full
3,922 satisfied customers
My credit scores seem to have gone up slightly in the past

My credit scores seem to have gone up slightly in the past weeks. I still have a lot of outstanding credit although always paid on time. One thing I didn't know is that I have a lot of closed accounts (because I paid) from finance companies and those accounts still impact negatively in spite of having closed them. I got this warning from a credit service(Discover FICO) . Can you please tell me what I can do about this issue? ThanksSummary scoresscore657 Jun-15657 Jul-15642 Aug-15642 Sep-15642 Oct-15642 Nov-15648 Dec-15650 Jan-16650 Feb-16650 Mar-16662 Apr-16677 May-16

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,736 satisfied customers
Is it possible to get a mortgage to buy a house when you

Is it possible to get a mortgage to buy a house when you gross just around 20,000 the past few years with a credit score in the upper 600s to low 700s and a cash down payment of 10000 to 12000. I hate to rent when a mortgage is often cheaper and your money is going toward owning your own place

Read more

Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

star-full
3,922 satisfied customers
I want to open an IRA year 2015 and make a maximum

I want to open an IRA for tax year 2015 and make a maximum catch-up contribution. My accountant said he could set up an account for me. What type of fees should I expect to pay? Are there accounts I can set up myself without fees? What questions should I ask him to make sure I'm getting the best account?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,736 satisfied customers
How can obtain financing land located in Northern

How can obtain financing for raw land located in Northern Virginia? Most banks that I reached out to are not interested in land financing and I was wondering how to go about financing the land. Currently the land is zoned as residential but it's in a flood zone so it can't be built on. Possible current use are recreational.

Read more

Andy4712

Attorney

Doctoral Degree

star-full
476 satisfied customers
I have a gh limit on my credit card ($16,000 limit of card

I have a high limit on my credit card ($16,000 limit of card $19,500, interest 19.5%). Would it be wise to transfer the majority of this balance to another card (that I was accepted for for $14,000), as they have a promotional offer of 0% interest fora year (after 12 months 19.5% interest will apply) and continue to pay it down. Or would it be better for my credit score, to transfer half of the balance to the new card and and keep the remaining amount on the old card (which will cut my interest paymentto half of what it currently is), I'm thinking this move would make my limit on each card under 50% of total limit. Or would opening a new credit account outweigh these benefits? Thank you for your advise and any other suggestions you may have.

Read more

PDtax

Owner

Master's Degree

star-full
6,768 satisfied customers
I want to know if I will qualify auto loan of $14000. My

I want to know if I will qualify for a auto loan of $14000. My credit is poor ranging in the 560. The dealership says a bank approved me but they have stipulations. I'm not sure what they could be.

Read more

PDtax

Owner

Master's Degree

star-full
6,768 satisfied customers
My husband and I are wanting to buy a house. We have $16k

My husband and I are wanting to buy a house. We have $16k saved up for a down payment, but the only hiccup is our taxes. We have been messed up with them due to my husbands adoption when he was young and the name being changed, etc. Basically we file,and they tell us we cannot until the name change is corrected and red tape everywhere. My question is, can we qualify for a mortgage loan without tax info? We have w-2's and full time jobs, steady income and all of that. Is there anything we could use in lieuof tax information?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,736 satisfied customers
Is there a website anywhere -- whether free of access to the

Is there a website anywhere -- whether free of access to the public or accessible only by subscription -- that lists the CFOs of all financial institutions in the USA? This would include their business postal addresses, and would include banks, financecompanies, lenders, credit unions, etc. I need it to be searchable by institution. For example, if I want to know who is the CFO of such-and-such a bank, I would look up the name of the bank, and it would give me the CFO's name and business postal mailingaddress. Another JustAnswer.com expert tried to answer this, but sent me http://www.thomsondata.com/list/cfo-mailing-list.php. I looked at that one, but it just offers mailing lists of CFOs. It is not searchable by institution. She also sent me www.fundoodata.com/prod. . . That one is only for the country of India. I need the United States. Then she said "The following links also contain information that may assist you in obtaining such a list: http://www.helpwithmybank.gov/ . . ." Well, that one does not list all institutions.It says if it isn't listed, it isn't regulated by the OCC. I am not looking for OCC-regulated institutions. I tried a sample search, for example, for Synchrony Bank. It didn't even come up. I need a site that lists ALL financial institutions in America, andshows the names and addresses of their CFOs. I don't need government sites to help me find such a database. I need the link to the database itself. If this was easy, I would have done it myself! To make it easier, if you don't find a database that lists CFOsbut DO find one that lists CEOs or Presidents, that would be my second choice, as long as the other criteria are fulfilled -- that it covers the USA, lists all financial institutions, is searchable by the institution's name, and provides the business postalmailing address of the executive.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,736 satisfied customers
View more finance questions
In The News