facts about loan estimate
Get

facts about loan estimate

Get Form

Video instructions and help with filling out and completing facts about loan estimate

Instructions and Help about facts about loan estimate

I'm Jason with the honest finance Channel and today I want to talk about car loan interest rates if you just came across this content give the video a like and feel free to subscribe to my channel if you want to learn more about financial subjects now on to car loan interest the interest that you're paying on your car is actually really easy to understand car interest rates work the same way as other interest rates you've just got to understand the payment schedule in order to know more about your car loan than most of us do if you want to know more about buying a car check out my other video on the five biggest mistakes of buying a car this video is just about the interest rates so let's pretend that you buy a car at your local dealer for $22,000 and after taxes and fees and all that stuff the total amount ends up costing you $24,000 that you're gonna be financing and let's say that you've got good credit so you end up with an interest rate of 3% and you decide that you want to do the loan for 60 months you're gonna be paying four hundred and thirty one dollars a month on that loan for sixty months now how did I get that number it's really easy you just have to look up a payment calculator online plug in a few numbers and you're done I'll show you really quick on a loan app on my phone the app is literally called loan and all you do is you just plug in the numbers twenty four thousand at three percent over sixty months or five years in the case of this app now take a look down here at the total interest you're gonna be paying on that loan looks like you'll pay eighteen hundred and seventy five dollars on a three percent loan on that car that's a lot of money to be spending on interest and that's a really low rate now let's look at the payment schedule this one's really useful because it's gonna break down the amount of money that you're spending on interest and principal on a monthly basis throughout the term of the loan so from this information you're gonna be paying three hundred and seventy one dollars your first month in principle and sixty dollars in interest now look at month twelve you're now paying three hundred and eighty two dollars in principle and fifty dollars in interest so why are these numbers getting better over time this is happening because as you pay down the principal on your loan you don't owe as much on it anymore and the three percent rate is just charging you interest on what you owe so as you Oh less you pay less an interest it's really not very complicated it's seriously not rocket science I don't want to over complicate things with fancy math

FAQ

What are some misconceptions about law school that a student should be aware of?
Speaking for the United States:Myth #1: Law school will teach you the law. You might pick up some along the way, but you’ll learn more actual law in the 10 weeks of bar review than you learned in three years of law school.Law school is about teaching you to think like a lawyer. It teaches you how to analyze complex problems, determine the facts, find and synthesize rules, and apply the facts to the rules to come up with an outcome. It teaches you how to do legal research, how to read cases and pull out the essential elements. It teaches you how to do deductive and analogical reasoning. It teaches you how to work with colleagues and clients. It teaches you how to be an advocate.But the law itself? It changes so fast that what you learn in your first year is out of date by the time you take the bar.Myth #2: Law school rewards star pupils. They’re called “gunners” here, and they drive everyone nuts. They change every hypo in class discussions. They compete for every point. They are in professors’ offices every single time - not to understand the material, but to argue why it was wrong.Even when these people graduate towards the top of their class, they’ll never get hired because of their reputation. Everyone will hate them. Nobody will want to work with them.Myth #3: It’s just like undergrad. I work primarily with students who are about to take the bar and students in their first year who are just starting. The 1L’s, as the first year students are called here, need to have their entire sense of how to be a student retrained.Often, I deal with people who are straight out of undergraduate degrees and decided to go straight to law school. High school and college came easily to them. They could often bluff when they didn’t read the material. They could go out drinking on Thursday and show up to class on Friday hung over, and be fine.That won’t work in law school. If you didn’t read, you will be discovered. If you didn’t do the work, it will go badly for you. If you show up unprepared and think you can hide, professors will smell it a mile away and they will go after you about it.Law school is time to grow up. The ethical codes are more intense. The rigor of the program is an order of magnitude greater. The amount and difficulty of the reading is significantly greater.Myth #4: Law school gives you three more years to decide what to do with your life. This is related to #3. I deal with probably 10% of every incoming class being students who don’t really know why they’re in law school. They have dreams of making lots of money in “Biglaw” and yelling “objection!” a lot, or they honestly don’t know what they want to do with life, but they think a juris doctorate degree will give them some sort of advantage when they get there.Dear. God. No.Yes, some careers will give you an edge with a JD over other candidates. But you’re about to take on a debt load the size of a medium house mortgage to do it and endure three years of the most intense, nerve-wracking studies you could go through to get there.I have a friend who went to a private undergrad and then straight to my law school, few scholarships, all on loans. Her loan payments are $3,200 per month, or would be if she was not on income-driven repayment and working a menial lower-skilled job for the federal government. She thought about being a prosecutor for a while when she started and then decided criminal law was icky. Her words.Unless what you want to do with your life is learn how to live with crippling debt and the expectation of every single person around you that you can get them out of a jam with the cops, do not think that law school buys you three more years of having your parents off your back about career planning.Myth #5: You can get a good job out of law school and you can totally trust the law school’s placement rate numbers. Yeah, no. The law profession saw a massive contraction with the 2008 economic collapse, and the numbers really haven’t gone back up in anyone’s favor, except in certain regions and segments of the market. You can get work easily if you’re willing to do low-income work, or live in the boondocks of rural outstate regions, but if you think you’re going to become the next associate of Fagre Baker Daniels or Gray Plant Mooty… good luck.And don’t let Career Services fool you with placement rates. Many schools simply just don’t bother to report graduates who didn’t get good, high-paying jobs. Literally. They just leave them off the reports. Or they will hire graduates for part-time work so that they can claim them as employed in the field, but then don’t report what you get paid. Those numbers are more overinflated than Donald Trump’s estimated net worth.Myth # 6: You’ve got to be smart to be a law student. If only admissions took the same approach…Honestly, no. You don’t have to be a genius to be a law student. Anyone with enough determination and willingness to learn can be a good law student. Honestly, some of the smartest people in my class utterly failed at law school and the bar exam, because they’re too smart. They’re uncoachable or lazy, because they’ve been able to coast through for so long.The way to get ahead in law school is to know how to be efficient and then work like a horse behind the plow 18 hours a day.Myth #7: It’s even a tiny little bit like Law and Order. We kept a boxed set in the student lounge so we could put it on and mock it.A friend once asked me what a realistic lawyer drama would be like. It’d be 41 minutes of watching your protagonist silently fill out paperwork, one minute of a settlement conference, and another minute of standing around to put your stipulated dismissal or plea bargain on the record.There’s very little bombshell information. There’s very little objecting and then giving a stirring speech that wins the hearts and minds of the jury. You’re never going to get to yell “YOU CAN’T HANDLE THE TRUTH!”Honestly, everything up to trial is usually pure drudgery. Document review is basically the world’s most boring scavenger hunt. Discovery motions are not exciting. Drafting interrogatories is not exciting. Writing briefs in support of motions is not usually exciting.Most of what you will do will be nothing like the movies.Myth #8: Law school is supposed to prepare you for the bar exam. Yeah, that’s what it is supposed to do. Is it even remotely effective in the vast majority of cases? Not even a little bit. Your law school essay exams will be virtually nothing like the essays on the bar. The multiple choice questions you get will be virtually nothing like the questions on the bar. The odds that you will do a single MPT in law school are slim.Some schools are trying hard to adapt to this and realizing that they have to do a better job of preparing their students in the wake of plummeting bar pass rates nationwide, and are pouring significant resources into contracts integrating BarBri and Kaplan into their classrooms and into large academic support teams that are working with high-risk students.But most of you will learn more about how to take the bar exam in the last ten weeks of doing BarBri, Themis, or Kaplan than you will learn in three years of law school.
When I fill out a loan application form at a bank, how does the bank know if I am lying about my total assets and liabilities?
Your credit report has more than the score, because part of what makes up you score is the amount of liabilities and how they are handled. Liabilities that will show areCar payments and balanceCredit cardsDepartment store cardsStudent loansChild support/alimony Judgements                       And many more.For assetsBank statementsBrokerage accounts401k statements etc.If an applicant is sufficiently strong (20% down-payment and a few months mortgage payments reserved) then all assets are usually not verified.But as a mortgage broker I've even used a car and boat title to boost an otherwise shaky application.
How do I fill out the application form for an educational loan online?
Depending on which country you are in and what kind of lender you are going for. There are bank loans and licensed money lenders. If you are taking a large amount, banks are recommended. If you are working, need a small amount for your tuition and in need of it fast, you can try a licensed moneylender.
How can I apply for an education loan from SBI online?
Step 1: Go to GyanDhan’s website. Check your loan eligibility here.Step 2: Apply for loan with collateral at GyanDhanStep3: Fill the Complete Application form.Done ! You will get a mail from SBI that they have received your application along with a mail from GyanDhan which will contain the details of the branch manger and the documents required.GyanDhan is in partnership with SBI for education loan abroad. GyanDhan team has technically integrated their systems so that customer can fill the GyanDhan’s form and it automatically get applied to SBI. The idea is to make education loan process so simple via GyanDhan that students don’t have to worry finances when they think of higher education abroad.GyanDhan is a marketplace for an education loan abroad and are in partnership with banks like SBI, BOB, Axis and many more.PS: I work at GyanDhan
I'm 22 years old and I want to become a millionaire by 35. How do I do this?
I became a millionaire when I was 40, but it’s not so difficult to get there by 35.Leverage is key. Leverage is basically the difference between values of the same thing, in two different positions. (Location, time, etc.)Think about a waterfall where there is a height difference. So, water naturally flows from one level to another:Same applies to business. Money flows naturally to where it has more leverage.As a 22 year old, you have all the time in the world. But you can’t simply exchange your time, your biggest asset at a low price point. That’s a poor person’s mindset. You can leverage the difference between value of time in a western country and a developing one. There are millions of people who are ready to happily work on a project in Phillipines, India or Morocco for a fraction of what it would cost in US.Go to Upwork | Hire Freelancers. Make things happen.Go to Find work/ U.S. OnlyFind job posts about a topic that you have an idea about. Social Media Marketing has lots of tasks that a 22 year old can easily manage. Things like editing images, posting them on Instagram or Facebook, etc. But you won’t be doing them by yourself. Merge multiple tasks from different businesses and post another job to have them done by an agency (or an individual) from a developing country. By bundling them as one project, you will have more power in negotiating a better deal. Then all you need to do is make sure they deliver, and communicate with your US based customers.I was able to make between $300-$500 with this method when I first discovered Upwork.This is just one idea out of thousands you can find, utilizing the differences between different parts of the world. Be resourceful and create your own resources, to use them to get to the next level.Make sure to read the story of the guy who made his way to get a house, trading things with more valuable stuff, starting with a paperclip:One red paperclip - Wikipedia
How would you like to fill out a "mad-lib" about addiction?
I once got so drunk I humped a hairbrush during a Trump rally.I failed the roadside DUI test because I could not touch my weenus to my armpit.When I get wasted my friends say I act like Mel Gibson trying to play jai alai. (Please look it up if you don't know what that is.)I once came out of a blackout surrounded by empty raspberry boxes and dressed up like a prostitute.Once, I was so desperate for money I gathered (all) my bongs and sold them at a pawn shop for 6 dollars.My mug shot looked like John Dillinger had a kid with Aileen Wuornos who obviously hadn’t bathed for 40 weeks.My nightmares used to include PeeWee Herman throwing balls at me while shouting “Sanfrancisco cocksucker!”.Someone once posted an online video that showed of me completely sloshed, running like a baby while playing Russian roulette just so I could win a bet.I once went to work so hung over I was wearing my bra inside out and my breath smelled like cum.There was a time where I would have kicked a meth pipe if it meant I could be free of my demons.This was really fun. Some of them were super funny!
Get Form