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They get a commission, often fromt the points charged but it can also be a kickback from the lending institution.
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∙ 2006-04-17 04:33:57
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Why do banks loan money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
Why do banks loan people money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
How can you get money for a school loan if your parents earn too much money?
Did you mean financial aid? Pretty sure you can get a loan no matter how rich your parents are.
How much money does a mortgage loan broker earn?
They usually earn anywhere from 35%-75% of each loan transaction. In dollar amount you can potentially make anywhere from $1,500 up to $5,000 for each loan transaction.
If you get a loan do you have to pay it back?
Yes. Because someone gave you money that you didn't earn and then you have to give them their money back so thaey have their money
Joan and Maria earn money by babysitting if Loan earns twice as much as Maria and the two girls earn a total of 40how much does Maria earn?
13.33
How can a teenage girl earn a lot of money fast so she can go to Anime Fest?
she can beg or get a loan
How much money does a junior mortgage loan processor earn in California?
They can amke $1,900-$2,400/month on average
Is a bank loan an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Is a bank an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Which loans companies offer the best money options?
Loan Approval Direct offers the best money options for students in need. If you're a student with a bad credit Loan Approval Direct provides a variety of ways for students to earn loan for their education purposes.
How does bank earn profit?
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
