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How the household sector participates as both borrower and lender funds in the financial market?
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Is potassium a lender or borrower?
lender
Who said the borrower is slave to the lender?
Solomon
How to release the co borrower from responsibility from the loan?
The lender is the only one that can release a borrower. If a lender is going to release 1 borrower from the loan they will need to have a good reason. There is little incentive for the lender to do so. A practical alternative for most people is to refinance the property in the name of the person who is going to remain the owner and the borrower.
Who are the original parties to the promissory note?
The borrower and the lender.
Which of these provides the funds needed for expenses such as property taxes homeowners insurance mortgage insurance etc?
The escrow account that is established by the mortgage holder pays most of these expenses. From each mortgage payment made by the borrower, a certain portion goes into the escrow account. Then, when these expenses become due, the lender pays them from the escrow account. If there is an insufficient amount in the excrow account, the borrower is required to pay the balance. The main exception to this is homeowners insurance, which the borrower may get him/herself. The lender will require that it be named as an "additional insured" on the policy. This serves to secure the lender's financial interest in the property to the extent of the amount still owing. That is, the insurer will name the lender on the settlement check along with the insured's name. In that way, the lender can ensure that repairs are made and the value of the property is preserved. If the borrower does not get homeowners insurance, the lender can get it to secure its financial interest alone. This is often referred to as a "single interest" policy.
What is ordinary time in simple interest?
Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.
Is potassium a lender or borrower?
lender
Is there legal notification of foreclosure from mortgage company or bank?
Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.
Is it possible to keep your house when a chapter 13 is dismissed if you pay all the arrearages and keep mortgage payments current?
That depends entirely on the lending institution. In most cases the lender will choose to reaffirm the mortgage agreement with the borrower rather than go through the foreclosure process if they are convinced the borrower's financial situation is stable. The best option is for the borrower to contact the lender directly followed up by written correspondence and for the borrower to be completely honest about his or her current financial situation.
If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?
A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.
Who are the actors in monetary policy?
• Central Banks • Financial Institutions (intermediaries, financial markets) • Lender-Savers (firms, government, households, foreigners) • Borrower-Spenders (firms, government, households, foreigners)
What is a borrower's opposite number?
a lender, possibly.
Who said the borrower is slave to the lender?
Solomon
How to release the co borrower from responsibility from the loan?
The lender is the only one that can release a borrower. If a lender is going to release 1 borrower from the loan they will need to have a good reason. There is little incentive for the lender to do so. A practical alternative for most people is to refinance the property in the name of the person who is going to remain the owner and the borrower.
How can a lender judge your capacity?
A lender can judge your capacity by assessing your income, employment stability, debt-to-income ratio, and overall financial situation. They may also consider your credit score and history of managing debt. This information helps the lender determine if you have the ability to repay the loan.
Who are the original parties to the promissory note?
The borrower and the lender.
Is copper a borrower or a lender?
Copper loss electrons.
