If it is with the same bank/financier then - Yes (Depending on how much loan you already have and how much collateral you have provided)
Ex: Lets say you have a bank CD of $100,000/- as a collateral for a loan of $50,000 then the bank may give you extra loan against that CD. But if you already have a loan of $150,000 then the bank may not give you any further loans on the same collateral
If with a different bank/financier then - No. If you provide something as collateral you need to submit the original docs to the bank. So any other bank may not grant you loans on that collateral.
when i was born so on July 30 1997
Collateralized loan obligations occur when loans to several companies are polled/lumped together and passed on as an instrument. They function to minimize loss with "good" loans lumped with "bad" to make for a more balanced product.
The correct spelling is "collateral" (additional or unintended, or property pledged for a loan).
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.
No; there needs to be equity in your property before you can borrow additional money.
The meaning of the term property refinancing is when a person or a business takes out a loan on property already owned. There are many reasons to do this including getting income quickly.
If there is "multi-financing" on the property already the new lender would only loan more money if there is enough equity in the property to justify the loan. You would need to consult with a lender to determine what the fees would be in your area.
The loan to buy a property is known as a mortgage.
Provide funding support for collateralized securities such as student, auto, and credit card loans.
A simple one word answer in NO. In law, the contract of a minor is voidable (by the minor) not void. Practicably, lenders do not lend to a minor because it is not enforcable. But if a minor gets a co-borrower or guarantor on a loan, then he/she will have a better chance of acquiring a loan. Another way is to obtain a collateralized loan.
The meaning of the term property refinancing is when a person or a business takes out a loan on property already owned. There are many reasons to do this including getting income quickly.