Results for: Loan

The question and answer are locked and cannot be edited.

What is loan?

Loan is an amount of money advanced to a borrower, to be repaid at a later date, usually with interest. legally, a loan is a contrat between a buyer (the borrower) and a selle (MORE)

What is bad loan?

Bad loan is a loan that can't be recovered. As a old person which has a loany ac andby chance he dies that loan can't be payed by his family member because of absence of nomi (MORE)

What is continuous loan?

A continuous loan is one which has no predefined end date. The loan  is constantly being paid into, extended, and changed based on the  needs of the consumer or business.

What is benevolent loan?

This is a loan extended on a goodwill basis, and the debtor is only required to repay the amount borrowed. However, the debtor may, at his or her discretion, pay an extra amou (MORE)

What is a loan holiday for term loans?

A loan holiday is some period of time (e.g., one payment period, two payment periods, etc.) where the borrower is not required to make a payment and will not be penalized as a (MORE)

Why are FHA loans not conventional loans?

FHA loans or FHA refinance programs are unique home loans because they are meant for those who have not yet built a credit history or have less than ideal credit. The FHA (Fed (MORE)

How do you refinance a loan?

There are multiple ways to refinance a loan. Most of the time a person would call their institution and make the request. This might come with a fee. Another way is to seek ou (MORE)

How do you get loan modification?

You have to apply to your lender for a loan modification. Some people use attorneys to make application on their behalf, and others choose to go the "do it yourself mortgage m (MORE)