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What else can I help you with?
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
What should you do if someone else has taken out a loan in your name?
You should call the police and let them know.
Can a cosigners husband on an auto loan take the car if they're getting a divorce?
That depends on which side has the most leverage(I'll fight you for custody of_______ if you dont give me the _____), the best attorney(how the divorce decree is worded"____ gets to keep the _____ car and has to get it refinanced and ____ name OFF the loan in 30 days)and who wants to win the most. Good Luck
Can you get an income tax exemption on a housing loan taken on your mother's property?
No. You MUST be on the title and the loan. Also, it is unlikely you can find anyone to give YOU a loan on your mothers property, without your name being on the property.
Can a loan be forgiven if it has been consolidated?
when you get consolodation loan the lender pays off all of the loans you want taken care of. for example you have 5 different loans that amount to a total of 25000.00. the lender that you are getting the consolodation loan from will pay each account in full in your name and you will have taken out a loan for 25000.00 however these accounts may show up as a transfer on your cbr until the consolodation loan is paid
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
If the educational loan is in husbands name then the benefits of IT can be taken by spouse?
Probably not; see a lawyer to be sure.
What should you do if someone else has taken out a loan in your name?
You should call the police and let them know.
Can a cosigners husband on an auto loan take the car if they're getting a divorce?
That depends on which side has the most leverage(I'll fight you for custody of_______ if you dont give me the _____), the best attorney(how the divorce decree is worded"____ gets to keep the _____ car and has to get it refinanced and ____ name OFF the loan in 30 days)and who wants to win the most. Good Luck
Can you get an income tax exemption on a housing loan taken on your mother's property?
No. You MUST be on the title and the loan. Also, it is unlikely you can find anyone to give YOU a loan on your mothers property, without your name being on the property.
Can the cosigner remove her name from a loan if the the account was taken to court and judgment was only made against the primary account holder and not the cosigner?
Generally, the co-signerdoes not have any authority or means to remove their name from a loan. That would involve altering the loan documents and the lender's records. The loan is owned by the lender.
Can a loan be forgiven if it has been consolidated?
when you get consolodation loan the lender pays off all of the loans you want taken care of. for example you have 5 different loans that amount to a total of 25000.00. the lender that you are getting the consolodation loan from will pay each account in full in your name and you will have taken out a loan for 25000.00 however these accounts may show up as a transfer on your cbr until the consolodation loan is paid
What can you do if you co-signed an auto loan and three months later you want your name taken off?
The only way to be removed is to have the loan refinanced by the primary borrower without the participation of the cosigner.
Can a cosigner have their name taken off a home debt?
No. The loan must be paid off to release the co-signer from their obligation.
Can you get an education loan if your elder brother has already taken education loan from the bank?
See, if your family is not able to repay the loan amount, then you should not take loan on your family's security. Rather, you can take Education Loan on your name i.e. Banks or NBFCs will give you loan, putting a condition that you have to repay your loan after completion of your degree (within a year approx.). So, you can sincerely study and get job in reputed company and you can easily return the loan amount. Popular Banks such as IDBI, Dena, ICICI and NBFCs like Bajaj Finserv give Education Loan for higher studies on legitimate interest rate. Good luck for your future.
Can the primary on a car loan have the cosigner's name taken off the loan without the cosigner's permission or knowledge?
IF the primary has the credit score to satisfy the LENDER, YES. The co-signor will be notified they are no longer on the loan, which will likely make them VERY HAPPY.
