0
What else can I help you with?
Does the government offer private school loans for low income families?
They will not offer private loans for low income families. You will have to get a private loan to be able to go to school.
What is a need based loan?
Need based loan is an Student loan for poor students or families that have income lower or barely above the poverty line, who cannot help pay a part of the current tuition for a higher education, they decide that using your Federal Income tax records from IRS. Yours and your parents if you are a dependent.
Can you get a loan on a mobile home that was built in 1972?
Most lenders and insurers are very reluctant to have anything to do with mobile homes built before 1975. -But keep looking, you may be lucky.
Where can i find a repair loan for a mobile home?
Some banks will allow these, but appear to be stuck on homes built after 1975 when HUD rules came out.
What is a state income mortgage loan?
A stated income mortgage loan is a loan where a borriwer is not required to verify there income. These loans were very popular and common before the recent mortgage crisis.
what kind of documentation do i need for a stated income loan ?
A stated income loan approves you for a loan based on the amount on income a person states. The bank does not verify this income. The only documentation that may be required is a Form 4506.
Does a 401k loan count as income?
No, a 401(k) loan does not count as income because it is a loan that you must pay back, not money that you have earned.
Is student loan reportable as income?
No, a student loan is NOT reportable income. Besides, it wouldn't make sense that immediate debt be considered income.
Where do loan payments go on the income statement?
Loan payments are typically not shown on the income statement. Instead, they are recorded on the balance sheet as a reduction of the loan liability.
Is a Policy Loan taxable income?
No. Loans are never income
Is a home equity loan considered as income for tax purposes?
No, a home equity loan is not considered as income for tax purposes.
Do you get a 1099 if you take out a loan on a life insurance policy?
No. It is a loan, not income.
