Refinancing Master

I got approved for a used car with a very high APR of 21%. I am thinking about taking the loan b/c my credit isnt the best but using it to help build my credit and then refinancing it. How soon after can i refinance my loan and will i get a much better apr on the car?

How does the 3/4 point cut by the fed affect refinancing a mortgage? is is better to do so now than it was b4? Thanks for your answer

houston texas or near by

I have a divorce decree where we agreed that my ex will refinance a student loan into just his name. The ex hasn’t refinanced and hasn’t made but 2 payments in 18 months and now the debt has been charged off by Sallie Mae. I understand a lot about credit and debt collection, but I am a little fuzzy when it comes to this specific
scenario. The ex obviously has no intention of repaying the debt. What are the worst-case scenarios as to how this will play out and what is my best course of action assuming that the ex has no intention of paying this bill ever? My assumption is that Sallie Mae will eventually sue both my ex and I individually in court. We will
each lose because we are both on the note. Sallie Mae will secure a judgment on each of us and then will start garnishing our wages. If
this happens, my question is can I sue my ex for the amount that is garnished from my wages because he was supposed to refinance that debt into his name according to the divorce decree? I realize that even if I CAN sue him and win, that I too will only receive a judgment and then will have to go about the business of collecting via wage garnishment or other method, but I’d like to know if that is even an option. The problem with that scenario is that it could take years for
Sallie Mae to obtain a judgment and years more to fully be repaid. By that time, a $5,000 balance could potentially reach $10,000 and my credit is tarnished until the entire thing is resolved and I can get the derogatory information removed from my credit report based on the divorce decree. As much as it pains me to think that the best option
would be to pay it off myself and completely relinquish him of his obligations, it is possible that it will cost me less in the long run and
help me clear up my credit a lot quicker and I can finally be done with all this nonsense. If I choose that path, will I win a court case where I
sue him for the debt that I paid on his behalf based on the divorce decree or will the judge simply say that I am a saint for paying off his
debt and I am eligible for no repayment? If I can get a judgment, I believe it would be in my best interest to do it now vs. waiting 4 or 5
years, possibly more. Does anyone have any professional insight into this situation? Your professional experience and advice is welcome and will be very appreciated.
I did try to file contempt of court and he showed up with a denial letter showing that he applied for a loan to refinance the debt and was turned down. Go figure, he makes 2 pmts in 18 months and gets denied for a loan. Then at the master’s hearing where we also negotiated child support, he asked the master if he paid off the student loan within 3 weeks, could he get a lower child support payment. To me that indicates that he is using the sallie mae debt as a bargaining chip, and has the ability to pay it off completely were he compelled to. The master’s hearing resulted in a denial of the contempt of court order. I guess I will have to consult a financial planner or a professional in the field of debt collection who can tell me what my worst-case scenarios are. It could be worse, it could be more than $5,000. Not so much money in the big scheme of things. You just hate to see a good-for-nothing a-hole get away with anything. Thanks for your help.

My current rate is 6.5% for a traditional loan, with excellent credit for a thirty year fix. How do I know when the rates and fees are favorable to refi?

With a bad economy and many homes being foreclosed is it better to refinance or short sale?

My 1st mortgage has a fixed interest rate and a 2nd mortgage that is a Line of Credit with a variable interest.
I don’t need more cash I just want to get rid of the second mortgage w/ variable rate !!

Due to family health issues my husband and I have missed a bit of work over the past 9 months. Because of this a few of our credit card payments were missed and we have fallen quite behind. We are now both back to work full time and are making arrangements with our creditors to try to lower our monthly payments. I have not contacted our mortgage company yet to see what they offer because I am not savvy enought to know the difference. In this situation, which would be better?

Currently looking at refinancing home, but can’t decide if it would be better to add additional monies to current mortgage to lower amount to be refinanced, or refinance and put that sum onto new mortgage.

Our interest rate on Mortgage is 5.87%, but we have a variable rate currently at 7.5% on the Equity Line. Now that we have exhausted the Equity Line we are having trouble carrying both payments. Will the payment be lower if we combine the loans and refinance?

I am thinking of refinancing and Chase Bank is ready to give a 10 yr 170k home equity loan. Is this a better than my existing home mortgage loan. Is there anyone who has suggestions for this.