702 Home Loans

yes a company called identicare have contacted me with regards to claiming back wrongly offered ppi insurance they sound good but who am i dealing with can any body help

They will be trying to get your business if you have been wrongly sold payment protection insurance with a bank loan or credit card. If you want help with such a claim DO NOT go with anyone who asks for money up front from you. Try this website, there is no charge for their services, its ‘no win no fee’

We took out a large loan, & at the time took out a payment protection insurance. We were just told that it would cover us if we were ill; or out of work.. We have just applied to cancel this insurance ,as we found out it only covered us for the first five years of the loan & thought it would lower the monthly premium. The bank will let us cancel it but when i asked if that would lower the monthly amount ,by the £68 that we pay for the insurance per month we were told “oh no” it won’t lower your payments it just means you wont have the insurance.. When i questioned this; the person couldn’t answer my query..
Surely this is a scam.. ANY IDEAS ??? SURELY THEY CAN’T DO THIS…

You need to contact the company providing the payment protection for the refund. They were paid in full by whomever lent you the money, so they would be the ones to refund the money (most likely with a penalty).

When you took out your loan the bank paid the payment protection the full amount of the premium for the life of the loan. That’s why it won’t reduce your monthly payment. But if you get a refund from the payment protection company you’ll have the money and you can use that money to help pay off the monthly balance.

There are so many people who don’t contact payment protection, credit life and credit disability insurers when they pay off their cars early, or if the cars gets traded in or totaled. So many people miss the opportunity to get a refund on the unused premiums. And the banks don’t tell you what do do because the front line operators often don’t know you can do this.

Best of luck!

I saw an advert about PPI protection on loans and how u maybe able to get ur money back by the help of a company, i decided i wud go ahead and eventually my bank offerd my over £3000, i decided to accept the offer, however the company that helped me get the money back gets paid too for helping me which i didnt mind the total compensation was £4321.53 and i had to pay the company £1051.03 or so i thought instead of i ended up with just a little over £1000 from the bank and still need to pay £1051.03 to the company which leaves me with the grand total of £166, how rude, I accepted the offer in the first place as i was under the impression I was going to have a couple of thousand in the bank for christmas, my head is all over the place as im worse off now.

i am lisa jose,from london who mrs anais willy referred to susfasa
loan firm recently when i was searching for a loan of $25.000.00 this man that offer me the loan, his name is Mr. susfasa Lee.i am here to referred anybody to this God fearing man, you can reach him via:E-mail:susfasaloanfirm@yahoo.com tell him that lisa jose referred you to him thanks from lisa jose.
GOOD LUCKY.

I have been on proton pump inhibitor (PPI) tablets for around 2 years now starting off with tablets called Nexium and now for around the last 9 months tablets called Zoton FasTab 30mg a day.
I have classic symptoms in my abdomen (belly button area) of an ulcer even down to having relief if I eat or drink milk.
However when I saw my Gastroenterology consultant the other day he said that it could not be an ulcer because being on long term PPI tablets the ulcer would not be able to survive. So I am not sure - is it possible that you can still get ulcers whilst taking acid calming tablets?

if you taking tablets that are basic, then you probably wouldn’t get enough acid to cause that. Well, you can also get an ulcer from last of you stomach being protected, but you can feel like that without having an actually ulcer, like say if you take pain pills enough and stress out a lot, and then try to use the net to figure out what’s wrong, you can feel like you have one. Also, if the doctor say not possible, probably not possible. My advice would be to just calm down, and maybe find a 2nd opinion.

My home is a very large 4000sq.ft. old barn. It is in need of repair/ redoing. Therefore I can’t seem to get traditional home insurance. All i can get is Mass Fair Plan, State run, at over $3000 per year. I owe 166,000. If I was to sell as is, it would probaly be $400-450,000. If the house burned to the ground the land alone is at least worth $200,00maybe closer to $300,000. They say the “replacement cost” is over $700,000. Help. I can’t ( or will not) pay $3000 per year for home insurance which two years ago was 600 bucks. Never had a claim. Thanks

All loans require insurance.

If you want to refuse to pay for it that is your call, but you can not expect anyone else to risk their money because you think you know better. You can only risk your own.

I am looking to buy a 40,000- 50,000 condominium and was wondering if a home loan so inexpensive will be hard to get.

My credit score is 710, I am self-employed and make 50,000 year. My only debt is a 35,000 car loan with 32,000 left on the balance with 6 years left to go.

My problems are that I’ve only been self-employed for a couple months, and the auto loan is just as new.

I wish you had bought the condo before buying a new car. Since your auto loan of $35k had been approved, your mortgage would have been approved then. Now you are trying to borrow the similar amount on top of your car.

The mortgage lender evaluates your take home pay against your monthly payments plus your earning capability. As long as the car and mortgage payments combined is less than 35% of your take home pay, you have a good chance since you have a decent credit score. You need only to apply and find out.

Yesterday I got this brilliant Idea that I would actually raise there offer if they paid all of the closing cost (I know i’m pretty stupid when it comes to this) and the realtor told me on FHA loans there is only a certain percent that the seller could help pay. Do you know what that percent is? My closing cost would be around $3,000 down plus all kinds of insurance and fees making the total around $7,000.00.

100% sure.

You need 3% down payment (on 1/1/09, this increases to 3.5%).

The seller can pay up to 6% of the sales price. However, they can’t pay more then your actual closing costs.

I have a job that pays $24,000 a year and no debts.What else do I need to get a HOME LOAN.Also good credit.

if you have 20% money down from the price of the house your buying you wont have a problem I recomend the emerald coast of florida nice area

It's an FHA home loan and we are supposedly having to get it appraised for more then it is worth. I know we only had to put 500 dollars down for escrow/earnest money but I am wondering what are they going to do with the other eleven thousand? I am a first time homebuyer with really bad credit so I am really thankful for this. IT does all seem on the up and up I just don't understand a lot of it. I know it is not one of those subprime loans and we get a 7% interest rate and our mortgage payment will be 1400.00 a mnth including pmi home owners insurance and tax.

Your lender will know how your offer should be structured. We call it "stacking costs"….when the seller is to pay costs on behalf of the buyer, often the costs are added to the actual purchase price. So if you were buying a $100,000 home and you needed 3% in closing costs from the Seller, you would write the offer for $103,000 with $3,000 back to you as the buyer for closing costs and/or prepaid expenses. The listing agent will need to change the price in the MLS to $103,000 from $100,000 before marking the property "Pending".

If the property doesn't appraise for $103,000 then you will have an option to cancel the transaction as long as it's done before the expiration of your appraisal contingency. In this case, many times the Seller will concede to a lower price rather than put the property back on the market to try and find another buyer.

The expertise of your Realtor will be very important during this offering process. Having to stack costs in this market is almost unheard of. In a Seller's market, it happens frequently.

Keep in mind that the Seller is only allowed to contribute 3% on your behalf. This amount is sufficient to cover all your closing costs. $11,000 is more than double what you should be charged.

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