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What are mortgage loans and personal loans?
Mortgage loan and Personal loans are different types of loan that can be assisted by a licensed money lender. For Mortgage loan, this typically covers mortgage. If you are having troubles or in pressing need for funds to buy real estate property, then this is the loan for you. This is either used by purchasers to buy and at the same time can be used by existing property owners to acquire or raise funds (regardless of the purpose) while putting a lien on the property being mortgaged. Meanwhile personal loans can be called unsecured loans or signature loan that is on the basis of the borrower's credit history and also considers the ability to repay it from personal income.
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
What do students Typically receive funds from a Direct Stafford Loan in payments.?
Typically, students receive funds from a Direct Stafford Loan in _____ payments.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
If cosigner pays off a defaulted loan is there a way to have a repossession removed from cosigners credit?
The LENDER put the repo on there so they will be the one to take it off. NEGOTIATE.
If a person defaults on mortgage payments will this affect the cosigners on their student loan?
yes
If the cosighner stops making payments on car loan but has the car and wont return it?
both owner cosigners credit will be affected both owner cosigners credit will be affected
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
Can cosigner husband to personal loan make changes without cosigners wife's permission plus California?
No
Can a cosigners credit get the car repossessed?
As long as the loan for the unit is paid each month, the collateral will never be repo'd.
Does a cosigner have to be on the title of a vehicle?
No, cosigners don't have to be on the title. The loan and the ownership of the vehicle are under two completely different agencies.
What are mortgage loans and personal loans?
Mortgage loan and Personal loans are different types of loan that can be assisted by a licensed money lender. For Mortgage loan, this typically covers mortgage. If you are having troubles or in pressing need for funds to buy real estate property, then this is the loan for you. This is either used by purchasers to buy and at the same time can be used by existing property owners to acquire or raise funds (regardless of the purpose) while putting a lien on the property being mortgaged. Meanwhile personal loans can be called unsecured loans or signature loan that is on the basis of the borrower's credit history and also considers the ability to repay it from personal income.
What do you do if you cosigning car loan on your car?
Proof of Your Cosigner's Ability to PayYour cosigner will probably be required to produce evidence of sufficient income and/or assets to cover the amount of the loan obligation, in the event you cannot pay.2. Stability in Employment and ResidenceAlthough not quite as strict a requirement as the others, many banks really like to see stability, in terms of employment and residence, for your cosigner. When looking at cosigners, They favorably view cosigners that have lived at one address for five or more years and have worked at their present job for a relatively long period of time.
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
Are there student loans without cosigners?
A student-orphan does not need a cosigner if he has excellent academic performance but he needs to apply through the School Aids department to get the loan. On the other hand, a poorly academic performing student-orphan may not be able to use the assistance School Aids department but he/she can get the loan from the Federal loans schemes and the PLUS that requires cosigners.
What do students Typically receive funds from a Direct Stafford Loan in payments.?
Typically, students receive funds from a Direct Stafford Loan in _____ payments.
Is co-signer's credit affected if loan is not approved?
The cosigner evidently didn't have great credit either, since the loan didn't get approved. It will still reflect on the cosigners credit report that they applied for a loan. Multiple inquiries will reduce your credit score.
