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What else can I help you with?
Why do most people take a mortgage loan when they purchase a house?
They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.
What is the name of the money you borrow from the bank?
The money you borrow from the bank is typically called a "loan." Depending on the purpose, it may be specified as a mortgage (for purchasing real estate), a personal loan, or a business loan. When you take out a loan, you agree to repay it with interest over a specified period.
Is a bank loan a credit or debit?
A bank loan is considered a form of credit. When you take out a loan, the bank extends credit to you, allowing you to borrow money that you will repay over time with interest. In your personal finances, the loan amount represents a liability or a debit on your balance sheet until it is paid off.
How does one use a bank loan calculator?
A bank loan calculator decides how much the bank can borrow a person for a selected period of time. The loan calculators also sum up how long it will take one to pay off the total debt with interest. To use a bank loan calculator, go to the bank website, select the type of loan, enter the duration of the loan and the results will be displayed on screen.
Who should you see at the bank if you need to borrow money?
The Loan Arranger
Why do most people take a mortgage loan when they purchase a house?
They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.
What is the name of the money you borrow from the bank?
The money you borrow from the bank is typically called a "loan." Depending on the purpose, it may be specified as a mortgage (for purchasing real estate), a personal loan, or a business loan. When you take out a loan, you agree to repay it with interest over a specified period.
Is a bank loan a credit or debit?
A bank loan is considered a form of credit. When you take out a loan, the bank extends credit to you, allowing you to borrow money that you will repay over time with interest. In your personal finances, the loan amount represents a liability or a debit on your balance sheet until it is paid off.
How does one use a bank loan calculator?
A bank loan calculator decides how much the bank can borrow a person for a selected period of time. The loan calculators also sum up how long it will take one to pay off the total debt with interest. To use a bank loan calculator, go to the bank website, select the type of loan, enter the duration of the loan and the results will be displayed on screen.
Who should you see at the bank if you need money to borrow?
a loan officer
How do you borrow money for your car?
go to the bank and ask for an auto loan.
Who should you see at the bank if you need to borrow money?
The Loan Arranger
Can you go to the bank to take out a loan?
That is probably the most common way to borrow money and the main reason banks were created.
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
Whom should you see at the bank if you want to borrow money?
The loan arranger.
How much can you borrow for study loan?
That is a question which you should ask your bank, not us.
Do I have to have money in my bank account to borrow a student loan?
In some cases, you may need to have money in a bank account to borrow student loans. However, it will be different for each person.
