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What else can I help you with?
Is the lending an act or a science?
Lending money is business transaction between the lender and the borrower. Generally speaking lenders only lend funds to credit worthy customers.
What is the fee a borrower pays to the lender for using money?
The fee a borrower pays to the lender for using money is called interest. This is typically expressed as a percentage of the loan amount and is calculated over a specified period of time. Interest compensates the lender for the risk of lending and the opportunity cost of not using that money elsewhere. The total interest paid can vary based on the loan's terms, the borrower's creditworthiness, and prevailing market rates.
Why does a mortgage lender want direct access to bank accounts?
A mortgage lender may want direct access to bank accounts to verify the borrower's financial stability, income, and ability to make mortgage payments on time. This helps the lender assess the risk of lending money to the borrower and make informed decisions about approving the mortgage application.
Types of bank charges and fees which protect the position of a lending banker?
Lending bankers are business so they need to make money to support operation cost. Through closing costs, interest rates, and extra charges the lender cover costs.
If you surrendered a vehicle in chapter 7 and it was not recovered by the lending agent and was later totaled who gets the insurance money?
The lender, and the borrower is responsible for any remaining discrepancy amount and the applicable fees.
What is the name given to someone who borrows money?
The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.
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.
What did Jesus say to the money lenders?
Neither a lender nor a borrower be.
Who says neither a borrower nor lender be?
The phrase "neither a borrower nor a lender be" is spoken by the character Polonius in William Shakespeare's play "Hamlet." Polonius offers this advice to his son Laertes as part of a series of life lessons. The phrase suggests that one should avoid borrowing or lending money to maintain independence and avoid complications in relationships.
Why borrowers considered as the slaves of the lenders?
Because - the borrower is 'in debt' to the lender until the borrower either returns the object (or money) borrowed.
What are the advanges and disadvanges of individual lending?
Individual lending can involve all types of lending. It normally has the advantage that the parties know each other and the loans can be processed without going through a bank's bureaucracy. Sometimes the interest rate does not need to be within government guidelines or exactly fit bureaucratic rules. The disadvantage to the lender is that if the borrower goes broke or runs away and has a lot of the lenders money, the lender can be severely hurt financially. One bad loan does not generally hurt a bank. It can hurt an individual. The disadvantage to the borrower is that the lender is not honest, he might use mafia techniques and go beyond legal tactics to collect his money. It will not matter if the borrower is bankrupt. He will still need to repay the loan or get his legs broken and a whole lot of other damage done until he does.
What is the difference between lend and borrow?
I could offer to lend money to you, and if you wished you could borrow that money from me. Or, you could lend me a book, which I would then borrow from you. Lending implies the item loaned will be returned to the lender in some way; borrowing also implies the item borrowed will be returned to the lender. So the two terms have that in common.
