Using an interest-free loan as a downpayment on a house

My wife and I bought our house in Dec 2010 using the U.S. Federal Government’s Neighborhood Stabilization Program, which essentially resulted in our city (Phoenix) giving us a $15,000 loan to cover closing costs and down payment on the purchase of a home, provided the home was to be our primary residence, in the city […] Read more
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FHA Reduction Notices From Third-Party Companies – Scam? Or Something To Consider?

We’ve got an FHA loan on our house with a 4.75% interest rate. We get a lot of seemingly junk mail but one item from “American Financial Network” caught my eye: The Federal Government recently passed the Economic Stimulus Act (H.R. 5140). Homeowners with FHA mortgages have the opportunity to lower their monthly payments through Read more
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Why doesn't the government pay interest on tax withholding returned via a refund?

When the US government pays you your tax refund, it doesn’t include any sort of interest payment for what is essentially a loan to the government. Why doesn’t the government pay interest? Read more
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Best strategy for paying off my multiple student loans?

I have a massive amount of student loans (master’s degree overseas, basically traded the extra money for about 2-3 years of my life due to differing lengths of education). Now that I have a job and can estimate my finances better, I’m a bit overwhelmed as to what I should be prioritizing as far as […] Read more
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How to find out if a company has purchased government (or other) bonds?

Looking at a company’s income statement, balance sheet, and cash flow, is it possible to find out if a company has given out a loan to a government or to another business, i.e. government/corporate bonds? I’ve been looking at those links and can’t seem to figure out if AAPL has given out loans to governments/corporations. Read more
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Would you liquidate your 401k to pay off debt in this situation?

I have a potentially complex situation that I am looking to resolve in the least painful way possible. I am going through a divorce. My income is nearly twice as much as my ex’s, and I am going to have to assume over 16k in debt out of the agreement. It is all credit card […] Read more
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Are you preparing for a possible dollar (USD) collapse? (How?)

After the last crisis it was easy for many to look back and say all the signs were there to indicate an impending crisis. Super-low interest rates from the FED, no down-payment loans, interest-only loans, under qualified borrowers, flipping of properties, securitization of mortgages, over-leveraged banks, etc. So what is the next crisis and what Read more
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Why shouldn't I consider a 401k loan to myself within my bond allocation?

I have seen broad advice against 401k loans. I question this. Why shouldn’t I consider a 401k loan to myself within my bond allocation? Assuming I have trust in my employment cash flow and taxable assets to be able to cover loan payback should I leave my job, is there any reason to not allocate […] Read more
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Question related to Public Provident Fund interest calculation

Consider the following extract from a newspaper article : The interest on your PPF balance is compounded annually, but the calculation is done every month. The interest is calculated on the lowest balance between the fifth and last day of every month. So, if you invest before the 5th, the contribution will earn interest for […] Read more
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Will I be chased for debt if I move out of the UK?

I am an International Student studying in the UK. I took some loans for about £3000 from a bank while I was studying here. Since the government has abandoned PSW visa for graduates it’s likely that I will move out of the UK in few weeks. I have hardly worked and cannot work due to […] Read more
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