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The “closing,” also called “settlement,” is when all the parties sign the documents and you become legally obligated under the terms of the transaction. If you are purchasing a home with loan proceeds, the closing of your loan (the time ...
Negative equity happens when the market value of your car is less than the amount you have left to pay on your car loan. In other words, if you tried to sell your car, you likely wouldn’t be able to ...
No, you do not have to get a loan from the dealer. You should shop for the best deal. A bank or credit union may be able to offer you better terms than the dealer. If you decide to ask ...
In most cases you will not be responsible to pay off your spouse’s debts. There are some exceptions and these vary by state. For example, you may be responsible for a debt if you co-signed the loan or credit agreement ...
VSI insurance protects the lender, but not you, in the event that the car is damaged or destroyed. The cost of the insurance may be passed on to you in the overall cost of your loan or may appear as ...
