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What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
What are the advantages and disadvantages of medium term finances?
Medium term financing does not prevent you from paying off your loan quickly or taking out another loan in the future. The down side is that this type of loan typically has a higher interest rate and cannot be applied to any tax breaks.
Long term loan vs short term loan?
With long term loans, borrowers can take a longer period of time to start paying of their loan. Whereas with short term loans, the borrowing time is usually no more than two weeks because the borrowers typically use short term loans to cover their extra expenses between paychecks - after borrowing the money they use their next paycheck to pay back the short term loan.
Is a bridge loan a long term or a short term loan?
A bridge loan is a short term loan. The length of the loan can be a short as a few weeks to as long as three years, depending on certain factors. That said, most bridge loans are short in term and used in business to give a company time to secure long term, permanent financing.
What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
What is the meaning of auto loan calculator.?
An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.
What are RV loan calculators used for?
An RV loan calculator is used to determine your payments based on the amount of the loan and the length of the loan. It will give you an idea of how much you will be paying for the RV.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
Can you get out of a co signed home loan?
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.
Monthly cost of paying off college loan?
Depends on the balance, repayment term, and interest rate.
Isn't paying no interest loan by paying monthly due amount better than paying in full in term of improving credit score by having good payment history?
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
Can a cosigner remove the primary from the loan?
No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.
What are the advantages and disadvantages of medium term finances?
Medium term financing does not prevent you from paying off your loan quickly or taking out another loan in the future. The down side is that this type of loan typically has a higher interest rate and cannot be applied to any tax breaks.
Long term loan vs short term loan?
With long term loans, borrowers can take a longer period of time to start paying of their loan. Whereas with short term loans, the borrowing time is usually no more than two weeks because the borrowers typically use short term loans to cover their extra expenses between paychecks - after borrowing the money they use their next paycheck to pay back the short term loan.
Is a bridge loan a long term or a short term loan?
A bridge loan is a short term loan. The length of the loan can be a short as a few weeks to as long as three years, depending on certain factors. That said, most bridge loans are short in term and used in business to give a company time to secure long term, permanent financing.
What is the term for paying a landowner to plant and harvest a crop?
The term used to refer to the action of paying a landowner to plant and harvest a crop is "sharecropping".
