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plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
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∙ 14y ago
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What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
Can i withdraw MOD Balance money?
mod balance available
What is the interest rate on MOD balance of SBI?
Interest rates ALWAYS vary: consult your favorite bank!
Can you withdraw MOD balance?
mod bal
Is it possible that banks are not modifying your loan because they cant after selling your note and are lying to stall so they can foreclose instead of come clean?
The main reason why banks generally are not doing loan mods is because of money. Banks make more money by foreclosing on a property then by approving a loan mod . Also, banks have an obligation to their investors to get the most return on investments for their investors. A loan mod reduces the return on investment. Now if a bank sold the note and is offering a loan mod when they they are not the holder of the note in do course then they really have no authority to do so.
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
Can i withdraw MOD Balance money?
mod balance available
What is the interest rate of MOD balance of SBI?
Interest rates ALWAYS vary: consult your favorite bank!
What is the interest rate on MOD balance of SBI?
Interest rates ALWAYS vary: consult your favorite bank!
Can you withdraw MOD balance?
mod bal
Is it possible that banks are not modifying your loan because they cant after selling your note and are lying to stall so they can foreclose instead of come clean?
The main reason why banks generally are not doing loan mods is because of money. Banks make more money by foreclosing on a property then by approving a loan mod . Also, banks have an obligation to their investors to get the most return on investments for their investors. A loan mod reduces the return on investment. Now if a bank sold the note and is offering a loan mod when they they are not the holder of the note in do course then they really have no authority to do so.
Difference between mod balance and available balance?
MOD stands for Multi Option Deposit. - In MOD, the surplus funds lying in the SB account isautomaticallytransferred to a FD a/c (so that the a/c holder earns more rate of interest). Available balance is the fund lying in the a/c holders SB a/c. The total amount in the credit of an a/c holder is the sum of both MOD and available balance. ( ie amount in credit of a/c holder = MOD balance + Available balance)
How do you transfer mod balance to available balance?
It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
What id difference between mod banlance and avilable balance on ATM slip?
mod bal means money on deposit,available bal means current balance in ur account
What does MOD balance mean?
money on deposit . It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
What is 3 plus 4 plus 1 in the mod 5 system?
3
Can a executor do a loan mod to save the home?
The executor is required to preserve the estate. That may require a loan modification. They can also sell the property.
