0
Of course not. A loan is not a payment, but rather an entrusting of another person with your property (or money), expecting it to be returned. Rent is simply a payment in exchange for possession of something for some defined period, and it will not be returned. Similarly, a security deposit for renting property is not a loan and is not rent: it remains the property of the tenant, but is held by the landlord until the tenancy is discharged.
What else can I help you with?
Could a family buy a apartment complex make a rent payment toward the the loan payment and have tenant's who pay rent that goes toward upkeep?
Buying an apartment complex is one thing; charging rent is another. No one can force a landlord to allocate any rent received to go toward the loan payment for the complex owner.
What is a contract that let you rent someone else's possessions?
loan
How can I rent a segway for a day in Kansas City?
I want to know the same thing.
Can you be garnished for the same thing twice?
If you mean for the same judgment, YES. Two judgments for the same defaulted loan, NO.
Can you rent a home purchased with a USDA loan?
Yes, you can rent out a home purchased with a USDA loan, but there are certain restrictions and guidelines that must be followed.
Which loan would be best if I want to rent out a house?
The best type of loan would be an investment property loan.
Can I rent out my home purchased with a USDA loan?
Yes, you can rent out a home purchased with a USDA loan, but there are restrictions and guidelines that must be followed. It is important to contact the USDA or your loan servicer for specific details and requirements.
Was citifinancial mortgage company ever accused of predatory lending?
Please let me know what you find out....we are wondering the same thing with a mortgage loan we have with them at 10%.... Please let me know what you find out....we are wondering the same thing with a mortgage loan we have with them at 10%....
Can you part loan a horse for a month?
yes it's part boarding a horse where 2 or more people rent the same horse for less money.
How can I rent a cosigner for my loan application?
You can't rent a cosigner for a loan application. A cosigner is someone who agrees to be responsible for the loan if you can't pay it back. They must have good credit and be willing to take on the risk. It's not something you can pay someone to do for you.
What is assignment of rent?
When you rent out a mortgaged property, you may have to sign over an Assignment of Rent agreement to the lender. By doing so, you authorize the lender to collect rent on your behalf if you default on the mortgage.The Assignment of Rent provides an additional security to the lender in case you default on the loan. The lender will use the Assignment of Rent only when you default on the loan. Through this agreement, he will be able to collect rent payments on your behalf till the end of the lease period and recover the unpaid loan balance. Any extra cash collected by the lender will be returned to you. Once the debt is fully paid off, the assignment of rent will become null and void.
How can I obtain a loan in order to rent a house?
To obtain a loan to rent a house, you can apply for a personal loan from a bank or financial institution. You will need to provide proof of income, credit history, and other financial documents to qualify for the loan. Make sure to compare loan options and interest rates to find the best deal for your situation.
