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What is the difference between an open end and closed end loan?
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
What are the differences between an open mortgage and a closed mortgage?
An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
What is a Open end loan?
LOAN GIVEN IN AN AGREED TO AMOUNT WHICH CAN BE BORROWED LATER FOR ANY AND ALL OF AMOUNT UP TO THAT AGREED UPON AMOUNT AS IT HAS BEEN PAID. 1-Is a mortgage that allows the borrower to borrow additional money without rewriting the mortgage.
What are the differences between a closed mortgage and an open mortgage?
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is the difference between an open end and closed end loan?
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
What is a open count mortgage when buying a house?
If you are referring to open end mortgage, it means that the borrower can be allowed to borrow an additional money if he has a good record on the existing loan or if the condition that will be given by he lender is achieved.
What are the differences between an open mortgage and a closed mortgage?
An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
What is a Open end loan?
LOAN GIVEN IN AN AGREED TO AMOUNT WHICH CAN BE BORROWED LATER FOR ANY AND ALL OF AMOUNT UP TO THAT AGREED UPON AMOUNT AS IT HAS BEEN PAID. 1-Is a mortgage that allows the borrower to borrow additional money without rewriting the mortgage.
What are the differences between a closed mortgage and an open mortgage?
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is meant by balloon mortgage in Anchorage, AK?
Regardless of location a balloon mortgage is when you have a large final payment at the end of the loan period.
How can I pay my mortgage loan on-line?
“How can I pay my mortgage loan on-line?”
Can you get a mortgage loan after chapter7?
Cn you get a mortgage loan for ahome if you filed chapter7?
Can you claim closed end loan interest on your taxes?
Outside of a business setting, or home mortgage, No.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Does the VA guarantee their mortgage loans?
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.
