0
An offset loan is a type of mortgage where the borrower's savings or transaction account is linked to their home loan. The balance in the savings account is offset against the outstanding loan amount, reducing the interest payable on the mortgage. This can help the borrower pay off their loan faster and save on interest costs.
What else can I help you with?
Can the federal government take a tax refund from your husband if you are in default on your student loan even if you didn't work that year and don't owe any taxes?
Yes, if you filed jointly. You owe the government for the loan, they can offset anything coming in your name.
If a chapter 13 bankruptcy was dismissed in June of 2005 when could tax refund offset of a student loan be expected?
If you are due a refund for taxes filed for the 2005 tax year, that refund can be siezed to offset the student loan - and every refund after that too.
How does a bridge loan work?
how does a construction loan work to bridge it to a VA. loan?
What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
Is a car loan secured or unsecured?
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
Work offset and tool offset in cnc milling?
tool offset drill offset
Is it right to offset deposits to the interest of a past due loan account of an individual and not to the principal balance of the loan?
Yes.Yes.Yes.Yes.
Can the federal government take a tax refund from your husband if you are in default on your student loan even if you didn't work that year and don't owe any taxes?
Yes, if you filed jointly. You owe the government for the loan, they can offset anything coming in your name.
Will the IRS take your taxes for unpaid student loan?
The government can offset refunds by what it is owed...(the money would go to the student loan program).
If a chapter 13 bankruptcy was dismissed in June of 2005 when could tax refund offset of a student loan be expected?
If you are due a refund for taxes filed for the 2005 tax year, that refund can be siezed to offset the student loan - and every refund after that too.
How does a bridge loan work?
how does a construction loan work to bridge it to a VA. loan?
How does offset lithography work?
Offset printing is where an inked image is presed to two surfaces before it is printed.
What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
When do you pay sales tax on a used car from a dealer?
If you have not made you payments like you oulhsd, and the place you have the loan with has requested IRS to offset your refund, yes IRS will offset the refund and send you the difference if any remaining.
How does a vehicle loan calculator work?
A vehicle loan calculator helps you to work out your monthly repayments. You choose the vehicle value or loan amount and the length period of the loan. Then the calculator will work out your monthly payments.
Is it the same meaning of credit and loan?
No. A loan utilizes one's credit, but the loan does not define one's credit capability.
