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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

Can you take out a bank loan for anything?

In todays world, that can be answered easily--No. But to get more technical, the general things that banks will lend money for are:

Starting a business (Companies such as SBA etc exist to help Small business owners going as well)

Getting a loan on a car

Loan on a house

Loans for things such as Jewelry, lines of credit etc are usually done through the company itself and you apply for a loan when going to make the purchase. It's largely like a credit card rather than an actual loan that you just pay off after X amount of months/years.

Also, getting a loan these days is a very hard thing to do. You need to have very good credit in most cases, especially when applying for financing on a car. And you also need to probably bring a co-signer with you that has good credit.

Use absconded in a sentence?

The bandit absconded with a portion of the bank's money.

What are your options if your car is a total loss and you have a loan on it?

YOU PAY DIF BETWEEN 'BOOK VALUE'-usually Trade In Value/Wholesale-AND WHAT YOU OWE...did you think you'd 'slide' on rest? didn't know 'rest' existed?

Can a person agree to keep on paying certain obligation such as a home mortgage?

If two people owe a mortgage and one agrees to pay it, the bank is under no obligation to free the other person from their obligations under the mortgage. If the person fails to make the payments both mortgagors will be held equally responsibility for paying the mortgage and in the case of a default it will be reported on both credit records.

The answer is yes, a person can agree to keep paying a mortgage but their agreement will have no effect on the obligations of both mortgagors.

Are the 'term loans' current assets or fixed assets?

if loans given for short term period then current assets but if given for long term then non-current assets.

What can you do if you can't pay car payment due to incarceration?

Alot of car/loan companies will work with you if you can show them proof you were incarcerated.

Does an cap rate on a ARM loan protect borrower?

The interest rate caps on an ARM loan, or adjustable rate mortgage, are designed to protect the borrower from "rate shock" or sudden extreme changes in their interest rate, which also cause spikes (or drops) in their monthly payment. Most ARM loans have several different kinds of rate limits, including the first rate change limits, subsequent rate change limits and the life of loan change limits, also called the rate ceiling or rate floor.

What are the three components of a mortgage?

The three elements are 1) The asset that is which one to be mortgage 2) The lender who make the mortgage 3) The borrower who want the loan by mortgage this three are the basic components of mortgage loan.

How can you know your name is blacklist or not?

i am saraspathy a/p raman 781109-14-5030 i want to no my name any blacklist in any bank in malaysia.

Online payday loans with no faxing or verification required?

In order to payday loan the only thing that needs verification would be your employment just to make sure that you do have a payday. If you are using an online payday loan provider, you are able to take a print screen of a bank statement and email it and no faxing would be needed.

Can a buyer remove a co-buyer from auto loan?

Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.

My car needs a new engine and i still owe on my loan what are my options?

Sounds like you got yourself stuck between a rock and a hard place pal. Way I see it, you've got two options.

A. Pay to get the engine fixed and keep the car or trade it in, it'll most likely pay off in the end.

B. Take the car back to the dealer and trade it in for new one, perhaps they'll work with you given the car is in decent enough condition.

How is a bond like an IOU?

Just like any loan, the issuer, or organization trying to sell the bond, agrees to pay back the money borrowed on a set date and agrees to pay intrest.

I filed chap 13 bankruptcy which did not include your home or car only credit cards and the both your mortgage co and your home equity line of credit were frozen can they do this?

You're really supposed to include ALL your debt in a bankruptcy, especially Chapter 13; you can get by with current month-to-month bills (utilities, etc.), but not mortgages. Most mortgages (including HELOCs) consider bankruptcy itself to be a default, so generally the answer is yes. You need to have your attorney bring the mortgage and HELOC into your plan.

How many days is a lock in agreement mortgage?

This differs depending on the lock type you choose. There are many different lock periods. They typically come in these intervals of days: 15, 21, 30, 45, 60, 75, 90, 120, 180 and 360. The longer the lock term is, the higher the interest rate orcost of the loan will be. You should be able to choose whether to apply that to the cost of the loan or have that cost built into the rate. Most rate quotes are given on 30 day locks. Be sure to be asking for rate quotes that match your mortgage timeframe.

Good luck!

I have co-signed for a loan but the person who is signing has not signed yet. Can I withdraw my signature?

I'm afraid this might not be enough information to answer the question. For instance, if this were a refinance mortgage, you might be able to rescind. You should call the title/escrow company right away if this is a mortgage.

What should I do about my aunt's condo that I have title to and there have been no mortgage payments made?

Your name on the title implies that you own the condominium. Unless during the probate of her estate, there was a different disposition of the property, you own it.

Not only are you responsible for the mortgage, you're also responsible for the monthly assessments.

Not paying either of these debts will --sooner or later -- mean that the property will be foreclosed upon, sold and monies used to repay the mortgage and -- if the association has filed a lien -- the past-due assessments.

Is a bank loan a temporary account?

Yes, it can be considered a temporary account because the account would be open only until you are repaying the loan. The day you finish off all your dues, the account would be closed.