Danish Banks Won't Get Pooled-Funding Rescue, Nykredit Says Bloomberg
Denmark ’s regional banks are unlikely to penetrate a funding wall by pooling their borrowing needs as market conditions grow too inhospitable, according to the head of Europe’s biggest covered-bond issuer Nykredit A/S.
“It is difficult, and I think the solution will be that people have to go to the market individually,” Nykredit Chief Executive Officer Peter Engberg Jensen said in an interview in Copenhagen. “Setting this up would be rather difficult in the market that we have right now.”
Nykredit’s Markets unit said last month it was looking into arranging combined debt sales for some of the country’s roughly 120 banks as bond investors shun Denmark’s bail-in laws. The lifeline would have helped the industry build up liquidity as banks wait for lawmakers to provide details on proposals aimed at avoiding more bank failures . Nykredit’s efforts to come up with a solution have failed to result in a workable model, Jensen said.
“These are very, very difficult market conditions, because the liquidity is so low,” Jensen said in the Aug. 18 interview. “If you go to the market, you would like to be rather sure that you also can sell the things.”
Refinance Help. Fill this form and get help!
Mortgage Refinance and Debt Consolidation
Mortgage refinancing and debt consolidation are great ways to reduce your monthly payments, save money on interest, and free up money to spend on ...
Mortgage, Refinance, Debt Consolidation, Construction, Home Improvement...?
I'm a loan officer for Access Mortgage and Financial, we do 500+ credit scores. Contact me toll free at 877-LOAN-103 and ask for Josh. We do first time buyers, home improvement, debt consolidation, re-finance and more. We handle all credit scores, good or bad. Don't ever pay for a loan application, they are free and can be done over the phone. You can contact me by phone, email, IM. Please only serious inquiries. We are currently licensed in 14 states
Hmmm, this is the advertising/marketing section so why can't I advertise? I feel like your answer is violating guidelines, you didn't answer the question, you stated your opinion and got 2 points for it. Let the people at yahoo worry about me. And if anyone out there is seriously interested please contact me. For those of you who just want to criticize then save your 2 points for a real answer to someone who will appreciate it.
No, thanks. I'd never do business with someone who doesn't read and follow the guidelines of this site. Posting ads here violates the guidelines.
Where can I get a Debt Consolidation Loan to pay off Credit Cards w/o refinancing Mortgage?
Debt consolidation is rarely the right thing to do. The reason why is that they lump together all you debts, your low interest and high interest and then extend the time frame of you payments in order to reduce the payments. It also dings up your credit score. You need to get intense and take care of this yourself!
There are two different approaches to becoming debt free. The first is to list all debts from the highest interest rate to the lowest, attack the highest interest rate and pay minimums on all the rest. The other way is to list all your debts from smallest to largest and attack the smallest first and make minimum payments only on all the others. The first may mathematically seem better but from my experience, the second approach actually works better from a behavioral standpoint. You get constant reinforcement as you knock out debts early and often. Either way, you need to cut your lifestyle and get angry. Have a garage sale and get a second job. Get intense and soon you will be free!
You could start with your bank: I did this and I was amazed that they agreed to a loan! But let me give a word of warning. If you consolidate your debt and pay back all your credit cards, then you must cut up all your cards except for one, which is there solely for emergencies. Buy everything you need out of income and do not borrow any money for any purpose. That way you get to repay your debt and you don't get into further debt.
Check out this website which has some useful links and information. I hope this helps.
Good luck!
You can also improve your credit score, fix bad credit, get credit cards, repairing credit, building credit etc.
You may get what you want in the website. WEBSITE IS IN MY PROFILE. You can go to my profile by just clicking out my name in the right.
Thanks.....
Debt Consolidation, home refinance question...?
I currently have two auto loans, some credit card debt, and will be purchasing a house very soon. I know they have debt consolidation loans, but all ive seen are fixed rates for them. Do they offer Arm rates for debt consolidation for auto, credit, and mortgage loans? Any info is greatly appreciated. Also ive noticed that quicken loans has the cheapest rates, and best quotes do you know of others that have better?
I AM SURE THEY HAVE CONSOLIDATIONS LOANS FOR ALL AND TO QUALIFY TO BUY ARM LOANS ARE GOOD BUT SHOULD FIX THE RATE AS SOON AS POSSIBLE AND PAY HIGHEST MAX PAYMENT AS POSIBLE
Refi'd Mortgage for debt consolidation - No one paid off creditors ?
When I refinanced my mortgage in May 07 the mortgage broker included 5405.01 in payments allocated to credit collections on my HUD statement.
His broker fees were around 6900.
I explained that the bulk of the CC collections was for a deceased relative's account of whom I was only the authorized user.
My broker said it would tak eso long to dispute it that i was better of refing and paying it off and that my credit score would go up a lot.
Well 7 months later in late November I needed a small home equity loan. I have 165k in equity in my house still and World Savings/Wachovia assured me I should easily get the loan.
Instead they turne dme down due to credit rating.
I pulled all credit reports.
3 of the 4 owed creditors still show up. So my credit was not improved!
Who was responsible for the payoffs ? My mortgage broker or the title company ?
i should add that ive just gone thru junk mail and found a collection agency dated 11/07 still demanding payment on the largest collection. (4600- HSBC wasonly authorized user though) ironically theyre only asking for 50% of total.
if they were payed why are they stll asking?
what a headache. :-(
To last answerer, Im in PA.
HSBC switched the debt to my name after my late grandfather died.
this was several years ago and at the time i was flush with cash and working a 60 hr a week job in nyc. So the only thing i did was call hsbc and write them a letter telling them since i never opened it, to remove me.
i also wrote the credit reporting agencies.
I shouldve followed up. But HSBC are total @##$%^ to have transferred it to me.
Now I will follow up on it one way or another.
The title company should have paid from the loan proceeds all of the pay-outs shown on your closing statement. Check each line item on that closing statement and determine if the credit accounts are listed. If they are, contact the title company and ask the manager why the debts were not paid, and if they were to send you written documentation of the payments.
if this was the title company, them. if it was an attorney, him, etc.
you need that firm or person to prove by receipts that they disbursed the funds as per the list they were given. maybe they did so and the creditors simply did not update the agencies. maybe someone absconded with the funds, too.
GL
Edit* Poster just sent me a nasty email, but since she is blocked im just going to have to post here. You spent 6900 for a broker! HAHAHAHA I bet he is laughing his ass off at you. You have no idea how to manage money thats why you are so in debt and have to refi and keep getting loans. Im sure with how bad you are at money you will be one of the many people that get forclosed on this year. All you had to do was buy one 20 dollar book( maybe even get it for 10 dollars used on amazon) but you let some guy talk you into giving him 6900! HAHAAHAHAHAHA
I am pretty sure the title company would have cut the checks and not the mortgage company. Call your broker and see if they can help.
There is nowhere on God's green earth that you are responsible for debt as an authorized user. Negative credit as an authorized user will not affect your credit (even before they changed the system) and as of recently, positive credit will not affect it either.
What broker would attempt to consolidate debt that is not yours, what lender would finance it, and what escrow company would cut a check for it? NONE!
If you are just an authorized user, dispute it and be on with your life; It's not yours and impossible for you to have consolidated it anyway!
Where can I find the best mortgage rate for refinancing?
I am not sure whether to refinance with debt consolidation, cash out or a home equity loan or line of credit.
Hi there,
I hope yo havent conta ted the gentleman that seems to live overseas, and doesnt really have the concept of the english language down pact yet... Probably not your best bet...
Looks like you basically are in need of $cash$ to obviously pay down some debts... (based on your question)
So to keep it short and simple, out of the three options that you have sited, two of them are the same thing... A cash out refinance is the same as a debt consolidation refinance... A home ewuity line of credit on the other hand is a completely different story...
A home equity line of credit (HELOC) is a quick and easy way to get money out of a property... However, they are one of the worst debts for any person to carry...
Large banks will push these programs on customers for one simple reason.. They make double the interet!!!
A HELOC is basically a giant credit card secured against your home.. It shows on your credit as a "Revolving debt" rather then a "real estate debt" like a mortgage...
A "revolving debt" is the smae as a credit card, or charge card at a retail store... They are bad for your credit if you carry high balances... The average HELOC is over $20k, so your credit is sure to decrease by using a HELOC...
This is also why you always see commercials and billboards promoting HELOC's.. They say low to no costs, etc. There is a reason they want to give you these loans for free... They make double the intere3st because a HELOC IS COMPOUNDED INTEREST (same as a credit card)... (not like simple interest on a mortgage or car loan)
So, if you need cash to pay debts, home improvemets, etc. i always suggest to refinance the mortgage and take out what you need...
I would be happy to assist you with any further questions, or even help you with the loan process if need be.. .I work with providential Bancorp, we are a nationwide mortgage lender...
Feel free to call or email me at any time!!
Jason Fry
Licensed Mortgage Banker
Providential Bancorp
jasonf@providential.com
312-264-6448
http://www.bankrate.com/brm/default.asp (I prefer this one)
http://hsh.com/
i don't know why you need to refinance?
if your total monthly payments is killing you now- is good to consolidate your debts, if you need extra cash- you can go with cash out or equity line of credit. if you do cash out you will have fixed payment, with equity line of credit you only pay for the money you spend- let's say your equity line is for $30000, but you only used $10000- you only pay for $10000, but rate is higher and change monthly and like i say before i don't know what is the reason for you to refinance.
or use a mortgage broker.
will get you customized quotes from top local lenders in your area based on some basic info about your property and current loan.
Getting rid of debt?
I see tons of commercials for getting rid of your credit card debt by refinancing your mortgage/ home loan. The problem is, I don't own a car or a house, I work part-time, and I'm a full time student. Are there companies that do debt consolidation, etc. for people like me?
There are debt consolidation companies that will work with you, but I strongly recommend against using them. As a general rule, they are not doing anything that you cannot do on your own, and they are charging you for that "service".
Here are a few things that you can do to get your debt down to a manageable level.
1. Stop spending money on stuff you do not need. A large coffee a day is around $1.50 to $2.00, that's around $45 -$60 a month. Same for bottled water, cell phone service, renting or buying videos, games, CDs, etc... Dedicate that extra money to paying down the credit card with the highest interest.
2. Set aside some money every month to pay a significant extra amount on one card, the one with the highest interest. Even if it is only $5, it is TONS better then just paying the minimum. As you reduce what you owe, the amount you pay in interest every month will go down allowing you to pay off debt faster.
3. if you are still having difficulty making the payments, for whatever reason, call the credit card companies. Tell them your situation. They would rather work with you, then send the account to collections. There is a lot that they can do, like reducing your interest rate, or allowing you to skip a month or two without penalty.
Best of luck.
I was in the same boat once. I owned things though and took a personal low interest loan and payed off all of my high interest loans with it. Saved a ton of money and time that allowed me to get back on my feet.
are there any mortgage lenders out there that have "stated disability" programs?
i am mortgage loan officer and have a client who needs to take out a loan/refinance for debt consolidation and home improvements. he only owes a little over $20,000.00 on his home and it appraised at $220,000.00. he wants to borrow $100,000.00, so there would still be $120,000.00 of equity left. his credit is poor, thus the need for debt consolidation. and he is disabled with a minimal monthly disabilty check. ofcourse, his wife is on title aswell, but her credit is worse, but she does have a monthly income of a very modest amount. the fact that he recieves disability does show up on his credit report, however, the dollar amount does not. what can be done for this family? are there any mortgage lenders out there that have "stated disability" a program? please respond if you are a lender that can help,or have information on the subject that could help. thank you so much.
Jmac Lending
Eric Nguyen
949-310-1288
That said, I'm sure that people collecting social security or disability can use that income (as long as its expected to continue) to qualify for a mortage. You might need to read the various guidelines for the major lenders and see if they discuss disability income...
I also believe that any documentation level from stated income to no doc should allow for your borrower to simply say they have some amount of income, and it be good enough.
Debt Consolidation (Wallingford, CT)?
Please advise me on my best options. I am a single mom struggling to the point that I cannot even take my kids to McDonalds. I am recently divorced and since divorcing have incurred the following debt, (I receive child support but even so):
Discover Credit card 1: $2,334.59 (pay off $47 a month)
Chase Credit card 2: $4,008.00 (pay off $80 a month)
Sovereign Bank loan 3: $8,560 (pay off $179.52 a month)
Credit Union car loan $6964.00 (pay $125.46 a month)
I own my own home and pay a mortage of $1443 a month.
The balance on the mortgage is $161,145.00.
What are my options here? I was wondering if I should sell the house and buy a multi-family or should I refinance? I am not particularly happy with the home I have and moving to a condo is a possibility. I would welcome any advice that would help me cut down on monthly payment. Is there a way I can spread the payments over a longer period, etc.
Advice from knowledgable people welcome.
Credit is good, maybe excellent.
1 second ago - 3 days left to answer
What is the APR on these cards? If they're pretty high, you can go through a debt consolidator and they can help lower the APR's. Credit card companies tend to like to deal with consolidators more than the public. They feel confident in lowering them because they feel that there is a better chance in you paying them off. I am almost finished off my last card. I have about seven months to go before I am out of credit card debt.
I need a really catchy advertisement logo for my car.?
I work for an all around financial services company. I offer life, car, & home insurance. I also refinance mortgages without starting people back over at 30 years, get people approved for a purchase of a home loan, debt consolidations, planning for retirement & college savings, as well as offer an oppurtunity for a career with my company. I want to sum all of that up on a car door magnet. Help Please!!!
The financial safety net for your needs. You could have a graphic of a net with a house, car and boxes in it labeled representing services. or Use the phrase "we lift you up when waters are rough and a graphic of a bridge with labeled supports of services and troubled waters.
Should I refinance my car?
My mom financed a car for me last year. She is the primary person on the account, and I was a co-signer, because I had just graduated from college and didn't have a good job yet. Now I am finacially settled, have good credit, and have paid all but $3,200 of the $7,000 loan back. The monthly payment is $140.00, but I have been paying at least twice that every month since I have been working because there is no early repayment penalty and the car loan has the highest interest rate of all my debt at 6.0%. She wants to sell the home I grew up in to buy an empty nesters townhome for herself. She wants to take out a mortgage for this, and I am worried that the loan she took out for me will affect her ability to get a good mortgage rate. Should I refinance my car so that it is in my name? Should I roll it in to a debt consolidation loan with my student loans (only other debt)? Is $3,200 at $140.00/ mo too small of an amount to affect the mortgage rate that she will qualify for?
The prime rate and your credit score is what determines your mortgage rate. I would not refinance. When you get a loan the majority of your interest is paid first. Very little comes off of the principal. If you refinance you will have to start all over with the interest. I would see what you can do about paying more each month. Make sure that on your payment coupon you put the extra money down as towards the principal. Some financial institutions do not automatically do that. I would not roll it over into your student loans. As for being too small of an amount to affect getting a mortgage, it depends on what other bills she has. It won't affect getting a loan if she has good credit but it does affect how much you can borrow. You can only owe a certain percentage of your income to get a loan or they consider you overextended and not a good risk. Keep up the good work on your credit history. With good credit you can get lower interest rates on your loans.
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