0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why is the mortgage loan application process longer and more involved than that for consumer loans?
The application for a mortgage maybe more involved than for other forms of loans, and accuracy and completeness are essential. Unlike many small consumer loans, for which a quick credit check is sufficient, every detail of a mortgage application will be evaluated carefully. Missing, incomplete, or wrong information will delay the process at the very least and may result in denial of the loan.
What does consolidate education loans mean?
Consolidating education loans is the process of applying for a loan with the intent of grouping all other loans or debts under one account or interest payment. With this process, you will only have one interest fee to pay, thereby saving money and making the payments simpler.
What are the primary assets of credit unions?
Consumer Loans
What are some of the different types of mortgage loans?
There are many different types of mortgage loans that are available for the average consumer. One can get fixed rate loans, adjustable loans, and governments guaranteed loans.
What are the types of credits?
Charge accounts, credit card, consumer loans, mortgage loans, and installment sales credit.
Does your office help process free gov loans?
Does your office help process free gov loans?
What is credit consolidation?
Credit consolidation consists of a person taking out loans in order to pay off other loans. In the process it lowers interest rates making it easier for the person to pay off all debts.
Is student loans consumer credit?
no not unless you have a cute but evil bunny!
The Federal Reserves discount rate is applied to?
government and consumer loans.
What are the advantages of a land loan?
Land loans are useful for people who do not qualify for mortgages, allowing them an alternative route to purchasing a property. These loans are also beneficial in that no third party is involved, simplifying the process and making it less expensive.
Who offers auto loans online?
It is possible to apply for auto loans online through finance companies as well as banks. Some of the leading banks offer auto loans online, as do reputable finance companies which specialize in auto and other consumer loans. Find out who you are dealing with before applying. You will probably recognize the names of most of the banks that offer auto loans online but when unsure check for consumer reviews or industry ratings to make sure you are applying to a legitimate source for auto loans online. All lenders offering auto loans online must be registered and licensed as consumer lenders.
On what terms are automobile loans made to the consumer?
these types of loans are typically made by banks and finance companies. This type of consumer lending typically has a maturity of 8 months, although maturities of 60 months and longer are not uncommon.
