Financial Freedom Business

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Question about finance

How does the finance person from the dealership I bought my car make his money?
Here is the deal. I kind of got taken from a shady Persian gentlemen who did the financing for me at my local Honda dealership. So he got me for a higher interest rate, lied to me so I would purchase stuff like extended warranty and gap insurance. My question is this: Based on my original loan the total loan amount of my interest would have been like $12,000 spread out over six years. But I went ahead and paid a large portion of that down and refinanced with a third party – therefore reducing the total interest to something like
$3500 over four years. So here is my question. Does this dishonest finance guy at the dealership get a cut of the original $12,000 and get his money up front? Or will he only get a cut of the total amount of interest I paid on the original loan which was about $1300? I want to know if by refinancing through some other lender if I took money away from him that he was expecting would come to him based on the terms of the original loan?

Don’t jump into anything blindly or sign any real estate contract or home mortgage loan contract or any type of contract without giving it serious thought. This year alone, Americans are expected to borrow $1.33 trillion in acquiring 7.4 million houses, condominiums and co-ops. If you have monthly obligations like car payments, credit card payments, personal loan payments, student loan payments, etc., be sure to take these into (more…)

Question about finance

What college offers a good finance degree and a pilot program?
I am looking for a college in the United States that offers a pilot program, as I wish to become a professional pilot. I also want to major in finance, however, many colleges do not offer both a quality financial program and a pilot program. What colleges offer this? Any suggestions?

Besides the fact that it’s probably the average person’s largest financial transaction, buying or selling a home is one of those areas where mistrust and misconceptions are sure to be present. You can begin your real estate financing education by asking friends, family, co-workers, real estate agents, real estate brokers, mortgage brokers and real estate professionals for help, search online for local lenders and get current in (more…)

Question about finance

What is the difference between a career in Finance and a career in Accounting?
I am thinking about going back to school to get a BS in Business Administration.

I would like to know what the difference is in careers in Finance and Accounting. Has anyone had a career in either field? What I want to know is:

What did you think of your career?

What did you do all day in Finance or Accounting?

Did you find it exciting or really boring?

For a career as a Financial Planner or Financial Advisor, do you work off of commision only?

Any information would be very helpful. Thanks.

One of the first steps before you start looking for your dream house is to ask yourself what you can afford to spend on a monthly house payment. Keep in mind when financing real estate that the lenders will be able to tell you only what you MIGHT be able to afford based on your salary and level of debt including any credit card debt. As the real estate market continues to grow and new technology gains ground, widely accepted be (more…)