FFBoomer519

iTrader: (2)

Yeah I hope for the both of you, you dont. But look at it this way, in my divorce I was forced to sell my 04 2WD XLT and ended up with an 08 4X4 Lariat outta the deal. So things have a way of working out.

121_FX4

how much for those headlight/ taillights what brand are they?

Brandmaner

I gave about 325$ shipped for them. Not really wanting to sell them lol.

Brandmaner

Okay so my banks willing to work with this misfortune so maybe for sure I can keep my baby! There willing to take my two loans into one for 100$ less a month. Only downfall is I got 2.99% on both. One I owe 4800 on and the other 5700 on. They got something that cancels off to make the total 8500 if I combine them but give me a 7.75% interest rate. So should I take this route that I can actually afford when she loses her job or keep roughing it out. One payments only 157( smaller amount owed) others 212. New payment would only be 263. Any and all input appreciated.

Brandmaner

Any input fellas? I'm not the brightest when it comes to financial means. Which way would you handle the offer?

Seth

What's the term length. All they are doing is refinancing for a longer term. You take a loan out for the amount owed on the two and use it to pay them off leaving you with one balance instead of 2. But how much longer is the term and may I ask what is the collateral for the loan.

Hunttman01

Calculate what your totals will be after the interest....

Brandmaner

I'd be paying a lot more in interested. Right now on the smaller loan I owe 33months. On the other I owe 28 months. Currently one is held by a 1700 cd the other my truck. If combine the cd pays off 1700 of the total and the truck holds as collateral. New loan would be for 3 years. But now thinking about it I may see if they will just redo the smaller loan and pay the cd portion off getting me down to oweing 2800~ and I can pay that off with taxes and only have the 212 truck for 23 months left in march. I'm thinking this may be the best approach correct me if I'm wrong. We will be purchasing a house in late may early June. All paperwork is in process just getting income to debt down ( harder with her job gone) and making sure I can swing the payments. House is gonna run 600 a month. So it may be a tight squeeze but I get 8k back at taxes and need 4.5k for down payment. So I think this may be my best route to keeping truck and our new home with her job gone. Currently I pay 575 in rent lol.

hm12460

Kind of a tough one to swallow....I'm thinkin' you would be best to sell the truck and don't short change your family. There will be other trucks, you sound young and got your whole life to live yet. Best of luck.

Brandmaner

Only hard part about selling the truck is we wouldn't have a vehicle lol. But we can make one work as long as she doesn't find a new job. But if she does I won't have to sell anywyas.