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Seamus Friesen
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How much is the average home business loan given from a loan business?
It's hard to pin an average down. It depends on the size of the business, and the type of small business it is. The range can be in the millions. This also for businesses that are for profit, not "non-profit" companies.
Which item is usually NOT included in a mortgage loan payment?
Principal
What is construction loan?
a construction loan is a loan of money that is given to the needer to build building structures.
Why is it easier to get a secured loan?
A secured loan is one in which the debtor pledges some tangible item of value, such as a motor vehicle or real estate, as "security" for the loan - i.e., the creditor may take possession of that item if the debtor defaults on the payments. This makes the loan safer for the creditor and, therefore, easier to get.
Is mortgage loan a income or an expense?
Neither. The actual loan is a capital item and the interest on the loan is an expense for the borrower but income for the lender. The only time the loan itself becomes an expense item is when the unrecoverable portion needs to written off and then it becomes a bad debt. Repayment of the loan is entirely on the asset accounts for both the borrower and lender.
Who are the parties involved in the transaction of pawnshop?
This will typically be two parties, the person pawning the item and the pawn shop estimator who will be lending the money. A pawn shop deal is designed to trade an item temporarily for a loan. In most cases the person who pawned the item never comes back so the pawn shop will sell to a third party at some future date. It is this reason that the person pawning the item will not receive what its actually worth.
What are the average rates to refinance a used car loan?
There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.
How much is the average home business loan given from a loan business?
It's hard to pin an average down. It depends on the size of the business, and the type of small business it is. The range can be in the millions. This also for businesses that are for profit, not "non-profit" companies.
Which item is usually NOT included in a mortgage loan payment?
Principal
Can you trade your truck if you pawned title?
Not until you get your title back. Pay off your loan, get your title back, then you're free to do with it what you will. And if you don't pay your loan to get your title back, the pawn broker gets ownership of that vehicle, and will report it stolen if you refuse to turn over your vehicle to them.
What is construction loan?
a construction loan is a loan of money that is given to the needer to build building structures.
What is the amount of an average student loan?
The average Student Loan in 2009 was just over $23,000.
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
Why is it easier to get a secured loan?
A secured loan is one in which the debtor pledges some tangible item of value, such as a motor vehicle or real estate, as "security" for the loan - i.e., the creditor may take possession of that item if the debtor defaults on the payments. This makes the loan safer for the creditor and, therefore, easier to get.
Is mortgage loan a income or an expense?
Neither. The actual loan is a capital item and the interest on the loan is an expense for the borrower but income for the lender. The only time the loan itself becomes an expense item is when the unrecoverable portion needs to written off and then it becomes a bad debt. Repayment of the loan is entirely on the asset accounts for both the borrower and lender.
What is the average debt of a student loan?
Not sure of average individual student loan, but the average student with student loans has $28,000.
How is taking out a loan similar to buying an item on credit?
One takes a loan in order to get the value of something now while paying for that value over time. Buying an item on credit is the same - you get the value of what you purchase now and pay for that item over time.
