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What else can I help you with?
If you did a loan modification on your mortgage do you qualify for the first time homeowner tax credit?
No, the tax credit only applies if you purchase your first home in the specified time period. A refi or modification would not count as a purchase.
How can I use a secured loan to build credit?
You can use a secured loan to build credit by borrowing money and making timely payments. The loan is backed by collateral, such as a savings account or property, reducing the risk for the lender. By repaying the loan on time, you demonstrate responsible borrowing behavior, which can help improve your credit score over time.
What are the benefits of a fixed rate secured loan?
The benefits of a fixed rate, secured loan is that the interest rate is much lower than that of other kinds of loans. You will also know exactly what it is you will be paying every time a payment for the loan comes up.
Can I borrow a loan car for a temporary period of time?
Yes, you can borrow a loan car for a temporary period of time from certain car dealerships or rental agencies.
Within what period of time do you have to pay off a business loan?
The answer depends entirely on what the loan authors suggest as a time period to pay. You may negotiate however for an extended time period but this more into human ethics and is more or less irrelevant.
What do I need to do in order to get a secured homeowner loan?
From what I can see, the biggest requirement for a secured homeowner loan is that you have equity in your property. This means your home needs to be worth more than the amount you owe on any loans currently made against the home. I've seen these referred to as 2nd mortgages. You must be willing to put your property up for collateral for the loan. If you can't repay, the lender may be more likely to negotiate with you, but they have a right to foreclose on your house if you default. For a secured loan, the best advice I've seen is to not borrow more than you can pay back. Also, add some payment protection insurance. If you have a loss in income, the policy can cover payments for a period of time or until you can make payments again.
What kind of loan is an auto loan?
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
What is the longest time frame allowed for a secured loan?
This question is rather ambigious since a secured loan is based on collateral, credit scores, the amount you can pay monthly, and other factors. The form of the secured loan could be another factor, i.e. car, mortgage, or even a holiday loan.
If you did a loan modification on your mortgage do you qualify for the first time homeowner tax credit?
No, the tax credit only applies if you purchase your first home in the specified time period. A refi or modification would not count as a purchase.
How can I use a secured loan to build credit?
You can use a secured loan to build credit by borrowing money and making timely payments. The loan is backed by collateral, such as a savings account or property, reducing the risk for the lender. By repaying the loan on time, you demonstrate responsible borrowing behavior, which can help improve your credit score over time.
What are the benefits of a fixed rate secured loan?
The benefits of a fixed rate, secured loan is that the interest rate is much lower than that of other kinds of loans. You will also know exactly what it is you will be paying every time a payment for the loan comes up.
What is definition of secured loan?
A secured loan is when the person making the loan, possibly you, uses collateral, such as a car, a watch, your property, i.e, to make the loan. Example, you go into a bank and ask for $3,000 loan. They say, hmm, you might want to make a secure loan, seeing as you don't have great credit. You can put your car up, so that if you don't pay the loan on time, we get your car. It's simple.
What do you call a loan tis obtained by the consumer who keeps the entire amount of the loan for a specific period of time and pays back the loan amount plus interests at the end of the loan period?
term loan:)
Can I borrow a loan car for a temporary period of time?
Yes, you can borrow a loan car for a temporary period of time from certain car dealerships or rental agencies.
Where can I find out how to get a loan for the first time?
You might be able to get a bank loan with the bank that you use for every day banking. They will be able to help you pick the loan that works best for you, either secured or unsecured.
What is the definition of Secured Loans?
A secured loan is when the person making the loan, possibly you, uses collateral, such as a car, a watch, your property, i.e, to make the loan. Example, you go into a bank and ask for $3,000 loan. They say, hmm, you might want to make a secure loan, seeing as you don't have great credit. You can put your car up, so that if you don't pay the loan on time, we get your car. It's simple.
Within what period of time do you have to pay off a business loan?
The answer depends entirely on what the loan authors suggest as a time period to pay. You may negotiate however for an extended time period but this more into human ethics and is more or less irrelevant.
