Business & Finance - 27 June 2007

Important detail is that I do not own a home, property, etc.
This is credit card debt with maxed interest rates

What I don't understand is because of my annual income, if a bank etc. lent me money at a good interest rate to purchase a home, my salary would be enough to cover the mortage etc. if I was just lent enough to use a portion for consolidating the credit cards.

Example-not my figures:
$50,000 debt
$200,000 mortgage lending

Purchase home that is $150,000 and pay off debt with remainding $50,000

Due to significantly lower mortgage rate, and the high interest cards being consolidated etc. payment is not a problem, which can be proven with paystubs but isn't apparent when looking at credit rating since it is very poor due to the maxed cards etc.

I'm ignorant of how mortgage lending works, for some reason can you not get a mortgage as high as possible but use some funds for other things?

Would banks be open to this arrangement?

Thanks

2007-06-27 10:54:40 · 1 answers · asked by Anonymous in Personal Finance

I live in USA and i have a house in India which i want a loan on. I really need money here in U.S. is there a way to get a loan on my house in india without going there? or is there any other way to get money here on my house in india? Please help!

2007-06-27 10:46:18 · 1 answers · asked by Anonymous in Renting & Real Estate

How long before I can convert my primary residences to an investment property and move into the new place?

2007-06-27 10:45:22 · 3 answers · asked by mike m 1 in Renting & Real Estate

State = Missouri. Can a collection agency garnish a checking account without first getting a judgement on a credit card collection?

2007-06-27 10:37:28 · 7 answers · asked by John 1 in Credit

As part of my dissertation into social responsible investment, I need to interview fund managers from different fund companies. Is it easy to find fund managers that would assist me in this area of my research?

2007-06-27 10:32:42 · 7 answers · asked by dislexic1yen 3 in Investing

2007-06-27 10:22:49 · 3 answers · asked by Anonymous in United States

A company I'm interviewing with wants me to fly to Chicago and I am in NYC. I can't afford to fly out there and stay in a hotel but I'm guessing I shouldn't have to. However, nothing about being reimbursed was brought up. I was simply asked if I could fly to Chicago for an interview (via email), I have not yet responded. How should I proceed?

2007-06-27 10:21:19 · 8 answers · asked by Young Chea 1 in Other - Careers & Employment

Question for anyone who's an accountant, financial advisor/analyst, HR specialist, marketing person, etc. How often do you end up having to work overtime (i.e. over 40 hours/week)?

2007-06-27 10:20:07 · 2 answers · asked by 3ifbyair 2 in Other - Careers & Employment

2007-06-27 10:16:38 · 15 answers · asked by Gypsy Gal 6 in Credit

2007-06-27 10:14:41 · 14 answers · asked by ? 2 in Credit

I've been at my job for 2 years. I feel it's time for change. I leared whatever I shoul and now I don't enjoy it any more. It's too stress full too. I don't have any plan for my next job but I'm so tired,should I quit?

2007-06-27 10:14:04 · 21 answers · asked by Anonymous in Other - Careers & Employment

Fiji Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of 1% nonparticipating, cumulative preferred stock of $100 par and 250,000 shares of $50 par common. During its first five years of operations, the following amount were distributed as dividends: first year none; second year, $40,000; third year $80,000; fourth year $120,000; fifth year $140,000. Calculate the dividends per share on each class of stock for each of the five years.

2007-06-27 10:06:07 · 3 answers · asked by egrant 1 in Investing

2007-06-27 10:04:46 · 2 answers · asked by EDDIE S 1 in Small Business

2007-06-27 09:53:50 · 5 answers · asked by michele s 1 in Credit

today. I started the bid relatively low and got this price for it, but if I had advertised it as a buy it now for £75.00 or more it would not have sold. I have seen many of these same bags on a buy it now for £75, £90 and £100 which have not sold, yet, I got over £100 for mine. I am not complaining by the way.

I just do not understand the logic that people want a good deal and therefore want to see the bidding starting low as they feel they will be in with a chance of getting the bag for £10 or something.The reason this logic does not follow for me is that on Ebay there has nto been a single authentic Anya Hindmarch bag [USA version] which has sold for a really low price over the past week ... therefore it is improbable that even if people bid with a low starting price,that the ultimate price will still be low by the time the auction ends....

2007-06-27 09:53:19 · 4 answers · asked by Anonymous in Other - Business & Finance

I am trying to market my son's skateboard business web site (http:///www.suddendeathskateboards.com), but don't have a large budget. What are some good, inexpensive (or free!) ways to market your site without making the Internet Search Engine Gods mad at you?

2007-06-27 09:52:22 · 4 answers · asked by michaeldillon 2 in Search Engine Optimization

Is NASDAQ a for-profit entity? How do they generate revenue? Do brokerages pay fees in order to conduct trades on the exchange?

2007-06-27 09:50:39 · 8 answers · asked by benz01983 1 in Corporations

I know that different incomes are taxed at different rates, but don't quite get exactly how the math works out. If I make just enough to bump me into the next tax bracket, is it possible for me to have less net income?

Here's a hypothetical situation. Last year I made $24k, and was taxed at %10. This year, I made $26k, which puts me in the %20 tax bracket. Last year's net income would then be $21,600, and this year's would be $20,800.

Is that right?

2007-06-27 09:45:02 · 4 answers · asked by OMGWTFBBQ!!1 3 in United States

2007-06-27 09:42:32 · 3 answers · asked by Terry F 1 in United Kingdom

2007-06-27 09:29:11 · 11 answers · asked by Jamie S 1 in Personal Finance

I know we cancel the oil, heat, and phone/cable what else ?

2007-06-27 09:28:07 · 3 answers · asked by kninetwokone 1 in Renting & Real Estate

2007-06-27 09:27:40 · 23 answers · asked by masonv80 3 in Other - Careers & Employment

is there a book that tells you how to do every thing concerning being a landlord I don't want to do anything illegal.

2007-06-27 09:27:40 · 9 answers · asked by unique 1 in Renting & Real Estate

will one of them have the right to stay in the house perphaps to care for the young child and buy the other out? or will the house be sold and the proceeds divided?

2007-06-27 09:24:52 · 7 answers · asked by temi o 1 in Renting & Real Estate

The loan person I went to see, say she just wanted to do the mortgage in my name, not also my boyfriends name, but she stated that she could put his name on the title, what exactly does that mean, does that mean he would legally own half of my house? and in the event that we break up, I would half to give him half my profit from the house if I sell it? Is this a good idea or not? Also what if he currently has judgements against him, could a lein be put on the house? thanks

2007-06-27 09:18:02 · 13 answers · asked by Anonymous in Renting & Real Estate

Both my parents are on a low income and need help fixing there house, the house belonged to my grandmother and really needs some work my folks are not healthy enough & cant afford to do the work ,is there some place out there that helps people that are on a fixed income

2007-06-27 09:14:36 · 6 answers · asked by Forrest K 2 in Renting & Real Estate

I wanted to do good, got a job in adult ed. with public school system. Here's some things that happened--
1. The placement test had no validity; I told the admin. No answer. I called the State 'consultant'. She said "Too bad."
2. After 3 months, 1 admin. started hounding me to do data entry. I said ok, but only 2 hours a day. I have carpal tunnel. She said. "Too bad." we all work in pain.
3. I called HR person: she said: "only 2 hours?' we have people with carpal tunnel who type more than that."
4. Had meeting with HR person & admin: Admin said "You should have told us you had carpal tunnel" (But data entry was not on my job duties). HR person just sat there.
5. Asked who was my supervisor and showed my job description. HR person showed me her copy. Name on HR copy was different than mine.
6. HR person drew up letter for my Dr. to sign off on. Duties were completely inaccurate. I was doing data entry 6 hrs/day. Letter said I only needed to do 2 hrs. Letter was total bogus.
??????

2007-06-27 09:10:31 · 3 answers · asked by holacarinados 4 in Law & Legal

2007-06-27 09:07:41 · 5 answers · asked by Giannina V 2 in Other - Business & Finance

I don't know where to start, does anyone have any advice?

2007-06-27 09:05:39 · 3 answers · asked by Anonymous in Small Business

I know of a store manager that doesnt pay tax. how do I complain to the IRS and get him busted?

2007-06-27 08:57:40 · 9 answers · asked by fine touch of class 4 in United States