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Sub-Prime lending. Others simply call it foolish.
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∙ 15y ago
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What is Name of money given to a borrower of low income and assets?
subprime loan
Are home equity loans secured by borrowers assets?
Yes, given that the "borrower's assets" in this case are the equity the borrower has built up in their home. In a home equity loan, you are borrowing your own money, in effect. And if you don't pay it back to yourself, it comes out of the value of your home when you sell it.
What assets can you have and still get Section 8 housing?
Right now there is no limit on assets. However, if you have money saved in the bank, 2% of the total money you have (total liquid assets) will be counted as income.
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.
The numerator of the rate earned on total assets ratio is equal to?
The numerator of the rate earned on total assets ratio is equal to income before interest. Income, broadly defined, is money received, particularly on a regular basis.
Calculate the net income with total assets and total liabilities?
Net income refers to the amount of money a company gains. When calculating net income you actually ave to subtract total assets and total liabilities from the prior period to reveal new totals for the period.?æ
Does a hard money lender require a credit check or income verification?
johni:No.the loan is based on the lendees assets.
What do you call a person money is lended to?
A borrower
What does the word debtor mean?
Borrower of money
What do you call someone who owes you money?
borrower
What do you call someone you owe money?
borrower
What is the difference between a mortgage and a hypothec?
Mortgage is a contract between the lender and the borrower that allows an individual to borrow money from a lender for the purchase of housing. Hypothecation is a charge that is created for assets that are moveable such as vehicles, stocks, debtors.
