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What type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
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Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
compound
What are the disadvantages of consolidating student loans?
Consolidating student loans may result in a longer repayment period, which can lead to paying more interest over time. It may also cause the loss of certain borrower benefits, such as interest rate discounts or loan forgiveness options.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
The hillcrest credit union charged more for a 6-year car loan then for a 3-year car loan l what accounts for the difference?
The difference in interest rates for a 6-year car loan compared to a 3-year car loan typically stems from the increased risk associated with longer loan terms. Lenders often charge higher rates for longer loans because the borrower may be more likely to default over an extended period. Additionally, the longer repayment duration may lead to greater depreciation of the vehicle, increasing the lender's risk. As a result, lenders seek to mitigate these risks by charging higher interest rates for longer-term loans.
Which type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
compound
What are the disadvantages of consolidating student loans?
Consolidating student loans may result in a longer repayment period, which can lead to paying more interest over time. It may also cause the loss of certain borrower benefits, such as interest rate discounts or loan forgiveness options.
Can a lender make you pay for a loan for which you co-signed if the borrower filed a Chapter 7 bankruptcy and is no longer making payments?
You guaranteed to pay the loan if the primary borrower does not. That is what a cosigner does. The lender is going to be looking at you for their money.
What happens when a borrower doesn't pay back an FHA loan?
If the borrower gets too far behind, the home will be foreclosed on. There are a lot of variables and considerations for this type of situation. 1. There can be significant financial expenses to the borrower. 2. The Borrowers credit will be hit hard. 3. The borrower may never be able to get another government loan and may no longer qualify for other government programs. Encourage the borrower to sell the home before the foreclosure happens.
Dealership no longer exist and financial company doesnt do loans anymore?
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
Does vasaline make your eyelashes longer?
im not posotive but im pretty sure that it doesnt make them longer
What is a letter of satisfaction?
A letter of satisfaction is a formal document issued by a lender or creditor that confirms a borrower has fulfilled all obligations under a loan or debt agreement. It indicates that the debt has been paid in full and that the borrower is no longer liable for it. This letter serves as proof of payment and can be important for the borrower's credit history and future financial transactions. It's often required for the borrower to receive a clear title or for other financial purposes.
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
Why are short-term interest rates typically higher than long-term interest rates?
Short-term interest rates are typically higher than long-term interest rates because of the increased uncertainty and risk associated with short-term investments. Lenders require higher returns for short-term loans to compensate for the potential fluctuations in the market and the borrower's ability to repay the loan in a shorter period of time. In contrast, long-term investments are considered less risky as they provide a more stable and predictable return over a longer period, leading to lower interest rates.
