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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
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
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 you take your name off the deed but still be on the mortgage?
You could quitclaim your interest in the property to the co-owner, but you are obligated to pay the mortgage. In that case you would no longer have any ownership interest in the property but you would be fully responsible for paying the mortgage until it is paid off. If the co-borrower failed to pay the lender would seek payment from you. You should consult with an attorney who can review the situation and explain your options, responsibilities and the consequences of executing a quitclaim deed. See related question.
How do the interest rates and terms of different loans compare to each other?
Interest rates and terms of different loans can vary significantly. Generally, loans with higher interest rates have shorter terms, while loans with lower interest rates have longer terms. It's important to compare the total cost of the loan, including interest and fees, to determine the best option for your financial situation.
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
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
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
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.
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 you take your name off the deed but still be on the mortgage?
You could quitclaim your interest in the property to the co-owner, but you are obligated to pay the mortgage. In that case you would no longer have any ownership interest in the property but you would be fully responsible for paying the mortgage until it is paid off. If the co-borrower failed to pay the lender would seek payment from you. You should consult with an attorney who can review the situation and explain your options, responsibilities and the consequences of executing a quitclaim deed. See related question.
How do the interest rates and terms of different loans compare to each other?
Interest rates and terms of different loans can vary significantly. Generally, loans with higher interest rates have shorter terms, while loans with lower interest rates have longer terms. It's important to compare the total cost of the loan, including interest and fees, to determine the best option for your financial situation.
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 if you cosigned for a vehicle but dont want to be a cosigner?
If you no longer want to be a cosigner for a vehicle, you can discuss the situation with the primary borrower to see if they can refinance the loan in their name alone. Alternatively, you could request the lender to release you from your obligation, though this typically requires the borrower to meet certain criteria, such as demonstrating consistent payment history. If neither option is viable, you may need to consult a legal professional for further advice on your rights and responsibilities.
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.
