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1st is borrow loan 2nd never return it and 3rd take a second hand sleeper and break your head.

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13y ago

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Rights and responsibilities of borrowing?

As a loan borrower you have the right to a grace period and an explanation, deferment of repayment for certain periods, forbearance, and documentation that your loan was paid in full. It is your responsibility to repay your loan in full.


What is a loan recast?

borrowing more money ontop of an existing loan


What is borrowing from the bank call?

taking a loan


Can be used in security for borrowing meaning?

collateral for a loan


What does it mean to have a loan withdrawn?

Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.


What is is recast?

borrowing more money ontop of an existing loan


What factors determine the cost of borrowing money?

The cost of borrowing money is determined by factors such as the interest rate, the borrower's creditworthiness, the loan amount, the loan term, and the current economic conditions.


What is a non-securitized loan?

A form of borrowing that is not based on a tangible asset


What are the responsibilities of a loan officer?

There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.


What are some good sources regarding borrowing a loan from my 401k?

Some good sources of information about borrowing a loan from 401k include Bankrate and ExpertPlan. Another good online source is the 401k Help Center.


What are the responsibilities of a mortgage loan officer?

There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.


What is the difference between a loan constant and an interest rate?

A loan constant is the percentage of a loan that remains the same throughout the loan term, while an interest rate is the percentage charged by a lender for borrowing money. The loan constant includes both the interest rate and the principal repayment, while the interest rate only represents the cost of borrowing the money.