What is the difference between making an overpayment [allowed once per year without penalty] and hanging onto that money until the mortgage is up for renewal? [more inside]
I bought a computer through Best Buy using their deferred payment plan (i.e. no interest if balance paid in full before one year). I should have been able to pay it with some easy monthly payments, but a perfect storm of events basically means that I'll need a few extra months to do so. Is there a good place I can go to get a loan for this kind of situation? If not, what are my options? My credit score is ~650.
Buying a house here in Canada, and my mortgage broker has mentioned that we're in an unprecedented mortgage rate slump, with five-year fixed at about 2.7% and now 10-years at around 3.8%. I can sort of figure out some math here, but I'm not sure I grasp the full nuances of this decision with compound interest, etc. [more inside]
I've been seeing a guy for 2.5 months that I've known for a year. I'm 33, he's 38. I ended a 10 yr relationship last year so I apologize ahead of time for having the dating skills of a 23 yr old. We're in a meetup group and participated in weekly events long before we started dating. We spent the first month seeing eachother 1x/week, that built to 2x a week plus Fri or Sat. He seemed to really enjoy lying down with me talking about our day. (similar jobs). Our dates were rarely planned more than 24 hrs in advance. It was usually: "What are you doing tonight/tomorrow? Do you want to do A,B, C?" I did that with prior relationships. [more inside]
I live in Toronto I recently started a full-time job (two weeks ago) and I've been using a debit card (with RBC) for the past five years. I didn't want to get a credit card because I didn't want to get sucked into the system. But yesterday changed my outlook on things, so I decided to apply for a low interest card. Question is, what options do I have and would I get accepted? [more inside]
Wondering if you could help with a risk-benefit analysis of lowering the amount of insurance on my car. I still owe money on it, but I could potentially pay it off and then save money on my insurance. BUT is the insurance good to have anyway? [more inside]
I think we know that the search engine providers store a history of your searches. We hear about law enforcement checking someone's search history for the poison and bomb-making searches they have done, etc. etc. But some search engines now do predictive search as you type out the letters. Auto suggestion or instant match or whatever they call it. So as you type .... b-o-m-b-, the suggestions and sometimes results appear (bombay bicycle club, bomber jacket, bomb timers, etc.). You can certainly get the search results you may be looking for without ever press enter. And with some, the search result change as you scroll up and down a list that it has suggested for you based on the first few letters typed. So when/what is the record of your searches made? It is every letter you type? or only when 'enter' is pressed? or the position of the cursor as you scroll through a list? Or only whatever's in the search box when a link is clicked (so you see read the page summaries without that being tracked, but if you click a link, then that's a search 'hit')? I don't know. Could you help me understand please?
I need to calculate the interest to be paid on a loan of $300,000 with a term of 4 years where the effective interest rate is 10%, payable monthly in arrears. How do I do this? [more inside]
Fell on some hard times in the last two years, blah blah blah... Anyways...We built up about $18,000 in credit card debt, with little savings left.... We are slowly getting back on our feet and would like to minimize the damage of interest that will build as we try and pay this card off... [more inside]
I’m still having panic attacks. I’m having a hard time getting my thoughts together because I’m so stressed -- and they’re kind of circular on top of that -- so forgive me if this post is tough to understand. [more inside]
I don't qualify for any of the recent government sponsored programs. I continue to drool over the low interest rates and want to know if there's something I'm not thinking of that I could take advantage of before rates start to crawl back up. [more inside]
I was the executor of my mother's estate after she died in February of 2006. The estate was discharged in March of 2007, and the assets distributed to my brother, my nephews, and me according to the terms of the will. All the assets, that is, except for $6,000 that I left in the estate's checking account as a hedge against unforeseen developments. There have been no further developments, and the money has sat in the checking account all these years. The account is non-interest-bearing. I've been remiss in waiting so long to disburse the funds, and in not obtaining any interest for them in the meantime. I want to make this right. How can I do so? [more inside]
I'm a dork who's never been interested in any sports at all. I've never played or watched any sport. I don't see why it's so interesting. But sports, especially football, is one of the most-watched type of show on television. The Superbowl is like a national holiday. I feel like I'm missing out on something big. How do I develop an interest in football (or other sports) after a lifetime of disinterest? What makes football exciting that should be obvious?
What should Australian property owners and potential buyers be wary of in regards to USA's credit rating going down? [more inside]
Please confirm or otherwise guide me about the distinction between a principal and interest versus an interest only home loan, in the important context of 100% offset. [more inside]
I just found out about SOFI, a company/ service that will let you consolidate your student loans - they solicit other alumni to lend. I am not interested in consolidating my federal loans (want that federal guarantee / public service forgiveness option) but I have two companies now servicing my private loans and think this could be a good option for me. [more inside]
Lately I've been thinking I should apply for a few more credit cards in order to take advantage of points, cash back, and other bonuses. Assuming I am not currently in debt, I already own a home and don't foresee needing any loans in the near future, and assuming I pay my bill every month, is there a downside to doing this? [more inside]
How long will it take for medium/long-term municipal bonds to recover from inevitably increasing interest rates? For instance, taking into account the interest payments what is the timeframe necessary to hold longer term municipal bonds before you break even from increasing interest rates? Relatives of mine are invested in FHIGX and I know that as rates increase the face value of their bond portfolio will decrease but when is the expected break-even based on a historical average of say 5% short-term rates? Thank you for your help with this question.
I've saved up about $80,000 over the past few years, with no debts, loans, or mortgages. It's always been my dream to travel the world, and I've been planning to take my money and run off for the next few years, hopefully figuring out how to run an independent software business in the process. However, I don't know much about investing, and for all I know there might be a better use of my savings right around the corner. (Two questions about investing inside.) [more inside]
Some time after my second niece was born, I started sticking a couple of bucks a month into a savings account I set up for each girl. I've been plugging along for years, and now they are 9 and 12, and I have about $600 for each of them. I'd like to figure out a better way to save/invest the money than what I've been doing so far. [more inside]
In a nutshell; how much does the USA owe for "debt incurred in past wars", are there easy to understand figures for which wars specifically, and who does it owe it to? [more inside]
Making student loan payments stirred this question. I am trying to figure out a few things, specifically surrounding 3-day loan payoffs, payments that are scheduled but not withdrawn immediately, and interest that accrues in the meantime. [more inside]
Hello Hivemind, I will be entering grad school this fall and am in the process of applying for a research fellowship. The application states that you must submit a statement of interest that includes primary and collateral research interests, as well as career objectives. It should not exceed 3 pages. I am very aware that this is different than my statement of purpose, which I used when applying to grad school. However, I have several questions. My first question is, what are collateral research interests? Is this like a secondary line of research interests? If I had more research experience and was published, etc, I could see making the three pages. But, I only have a senior thesis and junior thesis. So I was thinking that I might explain why I am interested in the fellowship and mentors I might like to work with, as well as answering the above questions. Thanks
I like a guy but I don't think of myself as attractive. Obviously, he is attractive to me, but I also think he is considered attractive by most people. People tell me that you should always aim for your own attractiveness-level, so I'm wary about this already. Plus I really don't know how to talk to him because I've placed him on this pedestal and I am completely in awe. How do I approach him? [more inside]
I'm considering taking online courses/doing a part time degree in English for interest reasons. Will this be worth it? [more inside]
Interview questions for when you're not sure you're interested. [more inside]
I'd like science-, scientist-, or engineering-related book recommendations for a 9th grade student reading at a 6th-7th grade level. [more inside]
I need some help with student loans. I took loans out in 2008 and 2009. Two subsidized and two unsubsidized. Now I'm on half-time school deferment and I'd like to take advantage of this! [more inside]
You have been in a healthy relationship for a long time? Help me figuring out how to feel and what to do about a conflict of interest between my partner and me concerning a third person. [more inside]
I am a Systems Engineer. I work with models and simulations and do a lot of work with Excel and Bespoke modelling tools and massive massive piles of data. I'm pretty good at it, most of the time. But, what else could I do (preferably in or near London) ? [more inside]
How do I differentiate between a love of learning and genuine interest in a specific subject? [more inside]
how to approach and how to make girls interested in you? [more inside]
PersonalFinanceFilter: Given the near-zero interest rates these days, what's the best strategy to use to allocate savings? [more inside]
True or False: If you're supposed to receive a refund from the IRS, but you file an extension and submit it at the very last, the IRS has to pay you the interest that has accrued on your refund, just like you'd have to pay any interest to the IRS if you owed taxes. [more inside]
Are there any credit cards out there that still charge interest on the outstanding balance rather than the total balance? [more inside]
Assuming that you could buy a house outright, for cash, why would you get a mortgage? A conversation got me researching this recently. Many articles suggest that if the interest rate is low, a mortgage is better. Yet I can't for the life of me figure out why paying low interest is better than paying no interest. A person with a 30-year mortgage usually ends up paying about 2 times the principal. School me, financial mefites. FYI: this is just a curiosity. I'm in no position to actually do this in reality.
[Canada Tax Filter] If my parents loan me money to pay back a non-government student line of credit from a bank, and I pay them a portion of the principal each month, are there any negative tax implications? [more inside]
US savings accounts have poor interest (~1%). UK savings accounts are better (~3-4%). Aside from the economics for this that I likely don't comprehend, as a UK citizen working in the US, is there some way of moving money easily, getting an international account, or getting a good savings account in the US?
Is it a really bad idea to open a 0% interest card and transfer the balance while home shopping? [more inside]
Please help me with a compound interest question (specifically with IRAs) [more inside]
Home Loans Question: How can we possible afford the mortgage on a 500k house with only ten percent down? [more inside]
My dream co-op financed--maybe. In my limited knowledge, the "five by five loan" sounds suspiciously like an ARM, although the lender swears it isn't. So what is it exactly? [more inside]
How to calculate interest on a long-overdue paycheck in small claims court? [more inside]
Why does NPR always refer to the US Federal interest rate as "near zero" rather than a specific amount? Googling shows it's between 0 and 25 basis points. What is the exact amount, and why is it not referred to exactly? [more inside]
I owe lots of money because I went to law school. I have a great job, so paying my loans back should not be the end of the world. If I can figure out how to do it. Can you help me figure out how to do it? [more inside]
Is it stupid to pay off my low interest private loan before my quite a bit higher government consolidated loans? [more inside]
I have a line of credit at 10% annual interest with my local not-for-profit credit union. BMW of Seattle is currently advertising new cars at 1.9% APR. I don't know much about finances or economics, and I don't plan to buy a BMW, but I understand that the loan is unsecured, while the car is secured debt and not a big risk for the lender, but isn't that a huge difference for someone with a perfect credit score? Why the discrepancy?
Went on two great dates with a girl I really liked. Texted for a third date and didn't get a response. Move on? Or reach out one last time? [more inside]
Financing company offered me a 2000$ line of credit. I have questions. [more inside]
I need some house buying help, and advice about whether to pay off my loans now or save more for the down payment. [more inside]