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this is from social studies.the best time for people to borrow money is when
What else can I help you with?
Why do families borrow money?
Because they don't have enough money at the time.
Why do people go to the bank to borrow money?
There could be thousands of reasons people borrow money. To buy a home, to take a vacation, there are too many reasons why people would borrow money to list here. Hopefully you got the jest of this answer. There are numerous reasons for the borrowing of money but common ones are; home loans, purchasing of insurance, purchasing of business companies, etc. People borrow money in general because they either can't afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank
Can I borrow money through a loan?
Yes, you can borrow money through a loan by agreeing to repay the borrowed amount with interest over a specified period of time.
Why do people get mortgages?
People get mortgages because most people do not have enough money to purchase a home. They must borrow most of that money from a bank. To get approved for a mortgage the borrower must have a good credit history, have been employed for a substantial period of time, have some savings and have no large debts
What is a simple loan?
The majority of people borrow money at least once in their lives. Borrowing money from a lender is a process in which you agree to repay the amount plus interest over a specified period of time.
What are loan seekers?
They are people who want to borrow money now and pay it back in installments over time.
Why do families borrow money?
Because they don't have enough money at the time.
Why do people go to the bank to borrow money?
There could be thousands of reasons people borrow money. To buy a home, to take a vacation, there are too many reasons why people would borrow money to list here. Hopefully you got the jest of this answer. There are numerous reasons for the borrowing of money but common ones are; home loans, purchasing of insurance, purchasing of business companies, etc. People borrow money in general because they either can't afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank
What it cost to borrow money?
nothing you borrow it and you pay it back in a certin amount of time in smaller amounts
How do you write a receipt for borrowed money?
It should have an accounting for how much was borrowed and how much is being repaid. Any time you borrow money, it is best to have the entire loan in writing.
Can I borrow money from you now and pay you back in the future?
I am unable to lend you money at this time.
Can I borrow money through a loan?
Yes, you can borrow money through a loan by agreeing to repay the borrowed amount with interest over a specified period of time.
Why do you borrow money?
There could be thousands of reasons people borrow money. To buy a car, a home, to take a vacation, there are too many reasons why people borrow money to list here. Hopefully you got the jest of this answer. There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchssing of business companies etc. People borrow money in generall because they either cant afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realise is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank.
Which president had to borrow money to attend his inauguration?
George Washington, otherwise a rich man by the standards of his time, was so land-poor that he had to borrow money in order to travel to his 1787 inauguration in New York.
Why do people get mortgages?
People get mortgages because most people do not have enough money to purchase a home. They must borrow most of that money from a bank. To get approved for a mortgage the borrower must have a good credit history, have been employed for a substantial period of time, have some savings and have no large debts
What is a simple loan?
The majority of people borrow money at least once in their lives. Borrowing money from a lender is a process in which you agree to repay the amount plus interest over a specified period of time.
Are HELOC the best way to borrow money for the short-term?
Depending on what you need the loan for and how much you plan to borrow. Some places that you get a loan from give you a line of credit for so many years. once that time is up they can make you pay it back all at once verses making payments.
