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in a single payment, and the collateral is returned..
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What exactly does amortization loan do?
An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.
What is a loan amortization in reference too purchasing a car on credit?
When purchasing a car on credit, a loan is obtained and the loan is paid off over time. For example, a car loan paid off over 5 years, with monthly payments, is considered to amortized over 5 years.
Would typically not be paid through an escrow account?
Utility
How do you get out of responsibility for a loan if you are a cosigner?
The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.
How long after the borrowers death is the co signer liable on a loan?
Until the loan is paid.Until the loan is paid.Until the loan is paid.Until the loan is paid.
What are the rates for va home loans?
The typical rates for a VA home loan would vary. Depending on how much a person is asking for in a loan, the loan rates do vary. Typically, most loans are for anywhere between 2% and 5% on the loan to be paid monthly.
How to get a spouse off a car loan?
The loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one name
What are the typical rates for VA Home Loans?
The typical rates for a VA home loan would vary. Depending on how much a person is asking for in a loan, the loan rates do vary. Typically, most loans are for anywhere between 2% and 5% on the loan to be paid monthly.
How do you prove someone is being paid under the table?
Proof that someone is being paid 'under the table' could be obtained through video/audio records which would probably best be obtained by a licensed private investigation agency.
Why do you need title insurance when you are refinancing?
The policy purchased on refinance covers the new lender, not you. Your title insurance (assuming you got an owners policy when you purchased) remains intact unless you have done something to end the coverage. Two types of Policies are typically issued on residential properties: Mortgage Policy and Owner's Policy. Mortgage Policy covers the lender for the life of the loan. If a new loan number is issued and the current mortgage is paid off, then a new Policy is required. The life of the loan is for as long as the LOAN is in effect. Any time a new loan is obtained and the current loan is paid off, a new Mortgage Policy will be issued. However, the refinance rate is typically lower than the basic rate you may have paid at closing. Owner's Policy protects your interest in the property for as long as you own the property, be that 1 year or 100. It is a one-time fee. However, typically a mortgage policy can be assigned to another lender if the mortgage is sold or assigned on the secondary market. (Note: the loan number would be the same, only the "owner" of the mortgage has changed.)
How do you pay off a loan to a deceased lender?
The debt is paid to the estate through probate court procedures.
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
