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Can you get a 10000 loan when you are only making about 8000 a year?
Can your loan be in default if you are making your payments on time but have failed to insure the vehicle or provide information to the loan company?
Asked in Loans
I am 17year's old and i need a loan for 8000. I have a cosigner I need this money to pay for my room and boarding at my campus since i cant no longer live with my father?
What is the advantage of an interest-only loan on your house?
The advantage of an interest only loan is that for a predetermined period of time you only have to pay the interest portion of your loan along with taxes and insurance. You do not have to pay on the principle of the loan. This option is best for people who expect to be making more money when the predetermined period is over. The more important question is what are the disadvantages of an interest only loan? Basically you can run across a few problems. The first one is that you are not paying down the principal of the home. That means the amount you bought your house for is still the amount you owe on it after the predetermined period is over. Second, you have to be prepared for the increased monthly payment after the interest only period is over. As mentioned above this type of loan is best for those individuals who expect to be making more money after the interst only period and also for those individuals who can take the difference they would have been paying monthly if the loan were conventional and invest it for the predetermined period.
Asked in The Difference Between
What is the main difference between a commercial loan company and a personal loan company?
Asked in Repossession
why is it so hard to get a loan for a house that is only 25,000 but i can go buy a car for 30 to 40 thousand and get approved?
Asked in Loans, Co-signing, Money Management
How can a primary buyer get the cosigner off the loan you wanted to cosign for your daughter but she didn't have enough credit so to build her credit you put her on as a cosigner how can you get her o?
If you cosigned your son's student loan is there a way to get your name off the loan now that he is practicing medicine and making a good income?
Asked in Repossession, Co-signing
Is it legal to ask for a cosigner after a car is repoed?
Is minor eligible for loan against deposit?
No. Minors are not eligible for loans as individuals. The only loan they are eligible for is an educational loan, that too will be granted only if an earning family member applies for the loan as a joint applicant. Loans are usually granted only to individuals who have an income and have the capacity to repay the loan.