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?
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
Can a payday loan company legally go by your home to collect money?
No. Even if you tell them to come on by, they never will. They love to try to scare you into believing that they are law enforcement or have some super powers bestowed upon them because they are payday lenders. Not so. They can't even threaten to come to your house. Check out the Fair Debt Collection Practices Act (FDCPA) for more info on your rights with creditors.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
What qualifications for VA home loan?
FOR NATIONAL GUARDS AND SERVICE MEMBERS
You need a minimum of six years on duty if you are a National Guard or in the Reserves. All six years must be completed before you can apply for a VA Loan. Anyone who is discharged for a service-connected disability less than 6 years may still apply for a VA Loan but make sure you have a VA Loan Specialist working for you.
FOR ACTIVE DUTY
If after serving 181 days (90 days during the Gulf War) you are eligible for a VA loan unless you are discharged or separated from pervious periods of active duty service.
FOR RETIRED VETERANS
If you are a retired veteran you must be honorable discharged after 181 days (90 days during the Gulf War) of active duty. You can still apply for a VA Loan if you were discharged for a service connected disability for less than 90 days.
FOR SPOUSES
Surviving spouses who remarries on or after the age of 57 and on or after Dec 16, 2003.
Spouses may also be determined eligible if you are:
1. An unremarried spouse of a veteran who died while in service or died from a service connected disability.
2. Are a spouse of a service person missing in action or a prisoner of war
What can you use your reverse mortgage proceeds for?
Anything you want. There are no restrictions on how you use your funds.
Can you get a USDA and FHA loan?
USDA loans and FHA loans are two separate products. USDA loans are available through the U.S. Department of Agriculture and are geared toward low-income borrowers living in rural areas. FHA loans, on the other hand, can be used for rural or non-rural property. To qualify for an FHA loan, your income and credit score usually must be higher than to qualify for a USDA loan. USDA loans may require no down payment; whereas FHA loans require a minimum down payment of 3.5 percent.
You can purchase a farm with an FHA loan, but the FHA will only allow you to finance the first 10 acres of the property. With a USDA loan, you may be able to finance significantly more land depending on the area.
Would you pay extra for mortgage or put in a bank?
If you have no other debts and you have a comfortable cushion in your savings I would definitely pay extra to your mortgage because overtime it can save you a lot of money.
Example: 300,000 mortgage at 4.5% and 30 year term, paying just $200 extra per month reduces the number of monthly payments by 76, or 6.33 years, and reduces the interest and total paid by $59,436.41.
That is a huge savings for only $200 extra per month.
The estate is responsible for paying the debts of a decedent. However, in the case of a mortgage, the decedent transferred an interest in the property to a lender in exchange for money. That means the decedent didn't own the property when he died. If you want to keep the property you will need to take over the payments. If the mortgage isn't paid the lender will take possession of the property by foreclosure.
If the loan is not a mortgage then generally, the creditor cannot attach any unpaid debt of your husband's to your home. However, the estate should be probated. You should consult with an attorney who specializes in probate.
How long does a loan company have to put a garnishment on your bank acct for a reposession?
They can begin the garnishment when they have court order. It won't end until they get all the money owed, you settle the debt with a buyout agreement or it is included in a bankruptcy.
Can a loan company file a judgment in Texas?
Any creditor who is owed money and for whom the contract has not been honored by the borrower can file for a judgment in Texas and every other state of the US. Whether or not the creditor will receive that judgment is a matter up to the courts, however the judgment typically goes in favor of the creditor.
Fe-25 is the Trade Loan facility for exporters and importers, for detail click the following link:
http://www.sbp.org.pk/epd/2002/FECL5.htm
There are different kinds of services where you can borrow money: payday loans, credit union, banks and other financial institution. So loan money is mostly the same as borrow money. Make sure to be smart with your borrowing and use it only in case of emergency. I would suggest you to borrow for a short-term, this way you will be able to get rid of your debt faster. Good luck with loaned money!
How do you write a letter to thank bank manager for loan sanction?
To write a letter to thank the bank manager for loan sanction you have to make it official.
Can you get a student loan if you are under eighteen?
no because you have to be 18 and up to get a student loan and you only get a student loan when your in collage so when you get in collage ask about the student loan you also have to pay for the collage and they pay you as you go in and through out the year so i hope this help you
How can you get a business loan?
Contact the Small Business Administration and ask them to provide you a list of retired business executives in your area that they work with on a repeat basis. These retired executives work for free or close to free. They will teach you how to build the basic structure of your new business, how to organize and market your product and most importantly, how to start working with a simple bookkeeping system that will help you keep track of EVERY single penny that comes into or out of your company each day. By having all of these details readily available, your bank will likely JUMP at the chance to lend you money, even if you are losing money right now.
If my car was repossessed can i get another auto loan?
Yes, but it might have to be a place that carries their own paper-which means more interest if no one else will do it. It also depends on circumstances. (Was it voluntary)
Can you stop paying on a auto loan because your vehicle has mechanical problems?
The answer to that is no. They can still take the car if you don't make the payments or keep it insured. The best bet is to call the lender andlet them know you're going to be late on your payments. Lenders would rather use repossession as a last resort.
Why were direct loans named after William d ford?
Because stop asking questions. The US government is watching you.
Should you make weekly or monthly payments to your loan?
It depends on how often you get payed and how much you owe.
Are mortgage payments deductible?
In a most typical mortgage scenario, there are three portions to each payment. These are calculated by the escrow company at the origination of the loan and are recalculated annually. But most home owners just think of the monthly check they have to write as their "mortgage payment".
The three portions are:
- an amount that goes towards repayment of principal (this portion is usually very small in the first few years of the mortgage)
- the interest on the loan (this portion is usually the largest)
- the impounds collected by the escrow company to pay, twice a year, your property taxes and home owner's insurance on your behalf.
The loan interest and the property taxes paid during a year are deductible. Therefore, in practical terms, the mortgage payments can be thought of as deductible. Just don't go multiplying your monthly mortgage payment by 12. Your loan servicer usually mails you a statement in January with two numbers: interest collected and property taxes paid in the past year. Those are the numbers you need for your tax return.
Where do you go to get a loan with bad credit?
In the current economy, there are few options for those having poor credit profiles. However, there are some options that, if one is in particular need, may be undertaken as follows (in order of expense):
* Borrowing money from a friend (friends will usually lend small amounts to other friends)
* Having a friend co-sign a loan (if your friend has a better credit profile than you, they may be willing to take some of the risk of you taking a loan)
* Using an existing credit card (if you have credit cards and they have not been cancelled or the lines have not been maxed out, they function well as a source for short-term need)
* Auto Title Loan (if you own your vehicle and need a short-term loan, you may pledge your auto title against a loan)
* Payday Loan (if you have a job with provable income, you will be able to get a short-term payday loan)
However, for all of the above, you should always be determining what made your credit bad in the first place and take steps to clean up the "badness" so your are in a better position in the future.