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With any loan -- whether it's for a car or a home or whatever -- the lender needs to know what your income is over time. If your income is all over the place, then you'll probably need to show the lender your last year's IRS Form 1040 -- maybe even two or three years' worth of 1040s. The lender simply needs to be able to see that even if your income jumps around, over time you make enough to cover the payments. You'll simply need to assure the lender that you know how to so budget your money that even though it comes in spurts, you will always have enough to make the payments.
Simple as that.
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How much does a music producer make monthly?
The average monthly income for music producers is $71,000. This is the same monthly average for film producers as well.
An unsubsidized loan is always more expensive than a subsidized loan of the same amount?
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What is an interest only home loan?
In a traditional mortgage, the loan if fully amortized. Meaning that you pay both interest and principal. In order to lower the monthly payment, some mortgages allow you to pay only the interest. This results in a lower monthly payment, however the balance of the loan stays the same.
Can you buy a car with bad credit?
Possibly, but if someone lets you, I wouldn't. Interest rates will be outrageous.ANSWERyour monthly income should more than $1600.get stable employment at the same place for 6 months or more.a previous car loan on your credit card can help so taken copy of previous car loan record with you while applying for a car loan.
An unsubsidized loan is always more expensive than a subsidized loan?
YES! Because interest accrues on an unsubsidized loan during periods when it doesn't accrue on a subsidized loan, the total cost of an unsubsidized loan is always greater than that for a subsidized loan of the same amount.
What are FHA loan requirements?
The major requirement to receive an FHA loan is that the cost of the house (monthly payment) has to be no more than 28 percent of the total income of the receipient(s). Another major requirement is that an applicant has to have been employed a minimum of two consecutive years (current date backwards) with the same company or business.
When arranging payments on a vehicle that you surrendered who sets the amount on what you pay monthly?
The same one who set the payments when you got the loan, the LENDER.
What are some of the benefits of a fixed rate personal loan?
There are many benefits to having a fixed rate personal loan. One of the benefits is the your monthly payment is always the same, which is good for planning your budget. Another benefit is the interest rate will also never go up, which will definitely save money.
Is a firms comprehensive income always the same as its net income?
Is comprehensive income both greater than or less than net income or just either one
Is a tax refund considered when determining the amount of child support in Illinois?
No. Child support is generally based upon the obligated parent's monthly income from wages and any other source. A tax refund is not always for the same amount nor always applicable and therefore could not be counted as an income source. A tax refund can be seized for child support arrearages.
How does one obtain a horse loan?
Never having heard of a horse loan, and assuming it's a loan to buy a horse, it would probably have the same requirements as acquiring any other loan, identification, proof of income or employment, and a good credit score.
How do you get a loan without a co-signer?
In order to get a loan without a co-signer:you must have to be of 18 year old or moreyou have to submit some proofs to your lender or bank to prove that you are able to pay loan, for that you have to submit your monthly income report (it must be $1600 or more) and if you are having previous loan record then attach a copy of that record along with the loan application.you must have a stable residence having stayed at the same address for at least 6 months or more.By submitting these proofs you can convince your lender to trust you.
