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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
Where can you find the best rates for mortgage?
Mortgage rates can change as quickly as the stock market, so generally it more of a when than where. Some companies with lower overhead, like mortgage brokers, can offer lower rates than your typical banks, but you have to shop around to find you best deal.
A great place to start it so search online for sites that show current mortgage rates, like www.currentmortgageratez.com.
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today.
Hope this helps!
Who is responsible for the home repairs when in a reverse mortgage?
The home owner is responsible for repairs to the property. Depending on the amount available under the reverse mortgage, funds from the reverse loan may be available to make those repairs.
Can you go to jail for defaulting a title loan on a 1st payment default?
No, you can not go to jail for nonpayment of student loans. You can have your wages garnished and tax refund check withheld though.
There are only 2 ways to get out of default on your Federally Guaranteed student loans.
- Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.
- The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans. One good example is Default Management Services, Inc. They are the cheapest I have seen and give a 100% money back guarantee on their services. You can Google the company name to get the phone #. Ask for Doug.
What is rehabe loan and who is qualify?
Many states offer rehab programs and, often depedning on income amd purchase price limits, these can be a great option. Check with your state website first and search for "state housing programs".
One federal loan program option is the FHA 203(k) loan program. It's broken into two pieces: The full 203(k) which can be quite cumbersome and pretty costly and the Streamline program which allows for up to $35,000 in rehab funds. The streamline is the most frequently used program in my experience. It does have limits (you can't add square footage to the home or move load bearing walls for example) but it is a very good program. Please make sure that you are working with a mortgage person who is very familiar with the program to avoid any unpleasant surprises!
I have included a link below to HUD's (Housing and Urban Development) info on the FHA 203(k) program.
Good luck and if you run into more questions, just ask!
Does being denied a car loan lower your credit score?
yes, when you apply for an auto loan and get denied, it will hurt your credit. first, just applying for credit is a hard hit by 2 to 5 point lost.
Is a 30 year fixed loan home collateral?
Not sure what the question is. If you take out a mortgage loan on a home. the Promissory Note is used to show the debt (the promise to repay) and a mortgage lien is placed on the home to show that the home is collateral for the Note if the promise to repay isn't kept.
Does that answer the question?
Can you be sued for personal loan?
Yes.
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You can be sued for most anything- the question becomes: do they have a case?
If they sue without just cause then they can open themselves up to a lawsuit for "bad faith pleadings"
Can I sell the home with my husband's name on the title but not on the mortgage?
What that means is you both own the house, but only you are responsible for repaying the debt.
All the owners of real estate must sign the deed in order to transfer ownership. You cannot transfer your husband's interest. He must sign the deed and he will receive half of the net proceeds unless you make a different agreement in writing.
Who offers debit card payday loans?
All major payday loan lenders offer debit card payday loans. It is called debit card payday loans because the lender keep your debit card as a collateral and on maturity date the loan amount is withdrawn by the lender from your debit card.
There are also some basic criteria which a payday loan seeker have to meet they are:
1. Applicant's age should be above 18years
2. USA resident
3. Monthly earnings at least $1000
4. Checking account with debit card
For more assistance you can check the relevant links.
Is it easy to get a small business loan?
The process can vary greatly depending on where you get the loan. If it is through a bank or the SBA the process can be slow and require a fair amount of work. This is rewarded by low rates however. If you go through a lending company the process can be much faster and easier, but it will cost a little bit more in the long run.
Can I sue my mortgage holder for not inspecting the property?
yes,but it would only add to your problems as it is your responsibility to ensure you have a sound unit for the security of the loan. It is your issue to ensure the unit is sound and worth what you are paying. The bank is not the babysitter here and is possibly left holding something that is not of value due to a negligence on your part.
Can you answer the question posed.? I'm confused as to what you want me to do.
Can a warrant be sent out for your arrest for not paying a payday loan?
No, you can not be arrested for failing to pay your loan. The most they can do is file a small claim suit against you for the amount owed including the contract interest rate. You will be served court papers and can appear in court only if you wish to deny the claim or participate in court mandated mediation. This might be helpful if you wish to set up a payment plan and the rep. from the payday loan accepts the terms. It will cost you to file an answer ( about 75.00). You definitly want to appear if you question the amount owed! Some judges are sympathetic to you as the debtor as far as the very high interest rates and might be willing to cute some of that interest on your behalf.
If you dont appear, the payday loan company will be awarded the court cost, prevailing party fee and any attorney fees that are applicable. They will then attempt to garnish you if you have not set up a repayment plan.
DO NOT ALLOW THEM TO THREATEN ARREST, THIS IS VIOLATION OF YOUR FDCPA RIGHTS AND YOU CAN SUE THEM FOR THE VIOLATION OR AT LEAST REPORT THEM FOR THE VIOLATION! GET THE NAME OF THE PERSON YOU SPOKE TO AND ALL PHONE/ADDRESS INFO. KEEP RECORDS OF THE CONVERSATION AND BASED ON THE STATE FEEL FREE TO RECORD THE CALL!
Explain why banks must balance profit and security when making loans?
Banks must balance security and profit when making loans because loan interests are partially how banks make their money. They must take appropriate security measures to ensure customers keep returning.
What are the credit appraisal technique?
When a financial institution is looking to extend credit, they need to conduct an appraisal of the borrowers credit. The technique that is used varies from institution to institution but follows the same principals. The debt to income ration is examined and the repayment source and probability are also examined.
What are the advantages and disadvantages of having a student loan?
Getting a student loan helps people who can't afford to pay for college realize their dream. Unfortunately, student loans can be expensive on a smaller salary right out of college.
Can you qualify for an HR Block Emerald Card if you are unemployed?
Yes.
The basis of the Emerald loan is on your tax refund, so the refund is used as collateral for the loan.
What documents is needed for getting personal loan in India?
Hi, A personal loan is an unsecured loan in which you don't have to give any security. But some banks can ask for a guarantor or security. The terms and conditions varied as per lenders. The benefits are:
Minimum documents required.
Clearance is given within seven days of applying.
You can use the loan for any purpose whichever you like the most, there is no check on that.
The important factor the bank follows is your ability to repay the loan. However, it differs from bank to bank. Your residence profile and the place you work also considered by the bank. There are few conditions which need to be fulfilled:
Minimum monthly salary of Rs. 8,000
Minimum age of 21 years required
Maximum age of 60
Following can apply for personal loan:
1. Self-employed professionals
2. Salaried individuals
3. Self-employed non-professionals
Based on the person's current earnings, the amount of loan could be varied.
For more information regarding Personal Loans, I would advise you to visit creditnation.in , which is India's leading online marketplace that provides easy comparison & best interest rates on loans with great customer service. CreditNation team renders the most unbiased advice and the best deals on a wide range of loan products to empower customer to take the right decision.
What are debt consolidation loans?
If you seek a consolidation loan from a lending institution that is designed to pay off 100% of your balances is considered a debt consolidation loan.
However, please note, if your working with a company that is negotiating a settlement or your going simply consolidate payments but not pay back 100% of your debt then this will normally have an impact on your credit.
Be careful to clarify with the financial institution what you are looking for and review the pros and cons of all the options.
The best option really depends on your situation. I am familiar with a reputable company called CuraDebt. They provide a debt counseling service and can probably give you several options to solve your problems in a fair and ethical way.
You can give them a ring at 888.653.3816. I believe they are on west coast hours 7am - 5pm. Saturday mornings until 10am.
There should be a provision in the trust for the appointment of a successor trustee. A trust cannot act, it needs a trustee (think human being) to act for it. The new trustee can apply for the mortgage. The bank will want to review the trust to make certain that the trust is valid and the title to the real property is in the trust.
For example, the mortgagor would be Kathryn Stewart, as trustee of the Norwattuck Mountain Trust. Any real property conveyed to the trust should be conveyed to the trustee as stated above.
