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What else can I help you with?
Why should you get a bank loan rather than a loan from a finance company?
You will have better advantages
My son totaled his car the insurance we had on the car was state mimuim and did not cover the car what do we need to do?
I guess in this case you mean you owe more on it than the car was worth. This is unfortunately pretty common. Whatever money you received from your insurance company can be applied to the auto loan but you'll have to pay the balance. Maybe you can renegotiate the balance for a lower interest rate.
Can you get a car loan for more than a car is worth?
probably not there's no real point anyways because then it wouldn't be called a car loan. It would just be a loan.
How can you refinance a home loan if you owe more than your property is worth?
More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan. You can consult a mortgage professional for further details on your options regarding the situation.
How long do I have to pay back my military loan?
This depends on the term you chose when you got the loan. Military/VA loans just give you favorable consideration in the closing process rather than change the term of a loan.
What is form of savings and loan found new ways of financial assistance rather than closing?
serial association
What happens if you cant reach the student to repay your loan?
If a student is unable to repay a loan, then he or she should first talk to their lender. This will give the person a better chance of reaching an agreement, rather than ignoring the payments and defaulting on the loan.
Is co-signing on a lease the same as co-signing for a car loan?
It is essentially the same but of course with a lease, your responsible for an amount agreed to be paid rather than paying back a loan.
What is an outstanding student loan?
Rather than being outstanding for its features (ie interest rate, time to repay), an outstanding loan means that it is one that is yet to be repaid--it is money owed.
Will you pay more interest on an unsecured personal loan rather than a secured one?
An unsecured loan generally does charge a higher interest rate than a secured loan because there is no collateral being held and no lien placed against anything they would be able to take in payment.
What is the definition of debenture?
an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
Why would a bank rather foreclose on a home than refi it?
A bank may prefer to foreclose on a home rather than refinance it because foreclosure allows them to recover the outstanding loan amount more quickly, especially if the borrower is significantly delinquent on payments. Refinancing often involves additional costs and risks, such as potential further defaults or the need to renegotiate terms. Additionally, in a declining housing market, the bank may believe that the value of the property will continue to decrease, making foreclosure a more prudent option. Ultimately, it's a decision based on minimizing financial losses and maximizing asset recovery.
