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∙ 13y ago
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If the Bank of America was offering someone a home loan forgiveness what would this mean?
The Bank of America has a program called home loan forgiveness in which if the mortgage amount is significantly higher than the amount the home is worth, Bank of America lessens the amount owed. Around 45,000 homeowners were offered this debt reduction.
Where to get a loan in a hurry with poor credit?
The easiest is to go to a bank and get a backed loan. You give the bank the amount of money you wish to borrow, they will then give you a loan for that amount knowing it is secured. You then make payments on the loan to build your rating.
What is the bank loan on a trial balance?
Bank loan is that amount which is taken from bank for daily working of business and liability of business to be paid in future.
How would you go about 'buying' your dad's car if he still owes the bank?
You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father. assume the loan in your name.
If a bank has approved the loan do you have to pay a down payment?
that all depends on the loan, the terms of the loan. you need ask the bank not someone on here.
If a bank declares bankruptcy how is a loan protected?
Someone will buy the loan from the bank. Unfortunately, they don't just go away.
When you apply for a loan at a bank What is the amount borrowed called?
Principal.
Is a bank loan an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Is a bank an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
What is the equaity loan on a new house?
An equity loan is where the bank gives the borrower cash for the loan amount. In return for the money the bank now owns that portion of the new house.
Difference between bank loan and bank overdraft?
These two terms are different.For a bank overdraft, you should have an account with the bank and it is a limit on borrowing on a bank current account. With an overdraft the amount of borrowing may vary on a daily basis.A bank loan is a fixed amount for a fixed term with regular fixed repayments. The interest on a loan tends to be lower than an overdraft.
i want a loan amount of usd 2000/- is any agency offering such facility.?
You can get a personal loan at the bank
