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Loans

Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.

13,117 Questions

What guarantees may a mortgage company insist on?

Lenders can require a variety of conditions such as:

  • that you live on the property
  • that you pay your property taxes to the lender so it can make certain they are paid
  • that you not make changes to the title without notifying the lender
  • that if you breach your agreement the lender can accelerate the loan payment

Can two people get a loan using both incomes?

IF they want to be co-borrowers they can use both incomes to purchase.

Can you get help if you cant pay back your payday loans?

You need to check your state laws. Some states have made payday lending illegal. At most, if your state allows payday loans, then you could be sued civilly for default. They cannot arrest you or make threats of such. Your state attorney generals office or financial regulator could help you find out the legality in your state. Be wary of payday loan consolidations. They can be shady. Check them out first with the BBB and see what they say about them. Often, payday lenders will still try to collect from you even if you do get consolidation help.

Is acceptance loan company a scam?

YES they are a MAJOR SCAM, they had property for rent, I thought I was renting it because all my paperwork states rental... but after my "lease" was finished due to them breaking the agreement by not fixing major things, they put it on my credit as a mortgage. I fought it in court and won and they still refuse to take it off my credit....

What are the wage garnishment laws for payday loans in MD?

Your wages cannot be garnished for a payday loan in Maryland. Maryland has outlawed payday loans. They are unenforceable. The lenders will threaten you with garnishment, but they are powerless. They are simply trying to scare you into paying them. A legitimate collector would have to sue you in court for a judgement to get a garnishment. No collector can garnish your wages without a court order. You would know you had a court date because you would receive a summons to appear in court for your defense. Contact the Maryland Commissioner of Financial Regulation and they will initiate an investigation into the payday lender/collector that is hassling you.

Can you bankrupt a mortgage?

No, a mortgage is a debt, and can't be bankrupt. Only a debtor can be bankrupt, i. e., unable to meet obligations as they become due.

If you mean, can you file bankruptcy and either surrender the property (c. 7) or get caught up by a c. 13 plan, yes, of course.

What if a landlord doesn't pay mortgage with tenants money?

Then the landlords mortgage will go into default and if he/she continues to not pay the mortgage the property will be foreclosed on, and yes, you will be left in on the street. there is nothing that says (unless it is in specifically in your rental agreement) what your land lord has to do with the money.

Does ninja mortgages still exist?

Ninja mortgages, which stands for "No Income, No Job, and No Assets" mortgages, were popular during the housing bubble but largely disappeared after the 2008 financial crisis due to stricter lending regulations. While some lenders may still offer low-documentation loans, they are not the same as the original ninja mortgages and typically require some level of verification. Today, most mortgage products require borrowers to provide proof of income and assets to mitigate risk for lenders.

How do you modify mortgage?

The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.

How does the auto insurance claim process work when dealing with a vehicle involved in a flood and the vehicle has a current auto loan?

The same as any other loss. Damages and repair costs are assessed and if determined a total loss the vehicle value is paid out. Lien-holders take first place on the payout.

Do mortgage companies or buyers purchase homeowners insurance policy?

It is the Homeowners responsibility to provide property hazard insurance under the terms of your mortgage.

If the Mortgage company has to purchase it for you then it means your already in violation of your Home Finance Contract and subject to default.

How long does it take to process a SSS loan in the Philippines?

It takes 2-3 days, unless you have completed the requirements.

Just want to add on the above context, in my case I applied for an SSS to be processed by my employer and its gets approved after 2 days. waited for 2 weeks to receive the check since there is no way for me to get it directly from SSS office except the employer itself.

http://aprilandtell.com/how-to-apply-for-an-sss-salary-loan/

You left the UK to come to Canada with credit card loans can the credit card company do anything to you?

If by "do anything to you" you mean "make you pay them back", yes. The ownership of your money and the debts you have to pay off don't change simply because you're in a different country.

How does a person get a second mortgage on there home and not know it?

Maybe signing papers without reading them.

Umm... Can I have your autograph on this blank check please?

How are reverse mortgages calculated?

HUD uses actuarial tables based on age and zip code to determine. The equation is quite complex but the older the borrower, the greater percent of their home's equity is available to them. Minimum age is 62, no max age. Current calculations indicate max LTV is in 75% range for 90+ year old.