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Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
Wiki User
∙ 11y ago
compound
Wiki User
∙ 11y ago
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Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
What type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Can you take your name off the deed but still be on the mortgage?
You could quitclaim your interest in the property to the co-owner, but you are obligated to pay the mortgage. In that case you would no longer have any ownership interest in the property but you would be fully responsible for paying the mortgage until it is paid off. If the co-borrower failed to pay the lender would seek payment from you. You should consult with an attorney who can review the situation and explain your options, responsibilities and the consequences of executing a quitclaim deed. See related question.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
What type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
What happens when a borrower doesn't pay back an FHA loan?
If the borrower gets too far behind, the home will be foreclosed on. There are a lot of variables and considerations for this type of situation. 1. There can be significant financial expenses to the borrower. 2. The Borrowers credit will be hit hard. 3. The borrower may never be able to get another government loan and may no longer qualify for other government programs. Encourage the borrower to sell the home before the foreclosure happens.
Can you take your name off the deed but still be on the mortgage?
You could quitclaim your interest in the property to the co-owner, but you are obligated to pay the mortgage. In that case you would no longer have any ownership interest in the property but you would be fully responsible for paying the mortgage until it is paid off. If the co-borrower failed to pay the lender would seek payment from you. You should consult with an attorney who can review the situation and explain your options, responsibilities and the consequences of executing a quitclaim deed. See related question.
Can a lender make you pay for a loan for which you co-signed if the borrower filed a Chapter 7 bankruptcy and is no longer making payments?
You guaranteed to pay the loan if the primary borrower does not. That is what a cosigner does. The lender is going to be looking at you for their money.
Dealership no longer exist and financial company doesnt do loans anymore?
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
Does vasaline make your eyelashes longer?
im not posotive but im pretty sure that it doesnt make them longer
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
What statement is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Does a quit claim deed remove the person for life?
Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.
