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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

If it takes a person to mow a loan in 3 hours and it take another person 2 hours to mow the loan how long will it take them together?

It takes person A 3 hours to do one lawn, thus in one hour they do one-third of a lawn. It takes person B 2 hours to do one lawn, thus in one hour they do one-half of a lawn. Together in one hour, they do 1/3 + 1/2 = 5/6 of a lawn; at this rate, it will take them 6/5 = 1.2 hours, or 1 hour and 12 minutes, to do one whole lawn together.

Who get credit on Joint car loan how get credit score?

On a joint car loan, no one is increasing their credit score. This is usually the case when one signer is weak to get approved and require a co-signer. Co-signer is financially responsible for the car loan if signer default on the loan. For more information you can try this web site at http://www.autocreditfinancial.ca

What is uncollateralized loan?

a loan not backed by a co-signer who agrees to cover the amount of the loan

a person loan without assets to cover the loan amount

a home equity loan

a loan tkaen on a life insurance policy

Can I get a payday loan with my green dot card?

Payday loans are typically issued by lenders in exchange for a post-dated check or electronic access to your bank account. While some payday lenders may accept prepaid cards like Green Dot cards as a form of payment, it is important to carefully review the terms and conditions of the loan to understand any associated fees or restrictions. Additionally, using a prepaid card for a payday loan may limit your ability to access funds in case of disputes or issues with the lender. It is advisable to explore alternative financial options before considering a payday loan with a prepaid card.

Is it possible to refiance a 80 20 ARM even after I took out an home equity loan to pay off the 20 The home is currently worth less then the combined loans?

You probably won't be able to consolidate the two but you may be able to refinance just the first mortgage. To do this, you'd need the consent of your current 2nd mortgage company to stay in 2nd position behind the new first mortgage (also known as subordinating to the new first mortgage). Depending on how upside down you are on the home, you might have to choose FHA as the loan type. Lastly, most FHA lenders won't allow you to owe more than 125% of the value of your home cumulatively.

Is a car loan a secured loan?

Yes, any loan AGAINST real property is considered a secure loan. In this case, the car is the security. For a home mortgage, the home is the security.

Unsecured loans are typically credit card loans and revolving lines of credit such as those you might get with Fingerhut or others who "self-finance" your purchases.

Payoff address for Bank of America mortgage?

For Texas:

Bank of America Payoff Dept Mail Code TX2-981-03-13

7105 Corporate Drive

Plano, TX 75024-4100

Note: official check only and include loan # and property address

BofA contact: 1.800.669.6607

Can you get a military pay advance for emergencies?

Yes, you can. Go to your Finance office on post/base and they will tell you what you need. In some cases you may qualify for an AER loan (Army Emergency Relief) through Army Community Service (ACS). They can also qualify you for a grant (money you don't have to pay back as opposed to the loan) in extreme cases.

How do you get a mortgage loan modification?

Submit a COMPLETE Loan Modification Package to your Mortgage Servicer.

Documentation Checklist...

- Brief cover letter, along with a complete list of what's included in your application

- Hardship letter

- Current financial statement

- Projected financial statement

- Home valuation (estimate of property value from an appraiser

or other real estate professional in accordance with the laws of your state)

- Proof of hardship (birth certificate, death certificate, medical bills,

divorce papers, or bankruptcy papers, for example)

- Federal tax returns (for the last two years)

- W-2s (for the last two years)

- Pay stubs (for the last four pay periods)

- Bank statements (for the last four periods)

- Get your personal "REST Report" (This is an important report that portrays how a bank or servicer will evaluate the Net Present Value (NPV) of potential loan modification and compare it to a short sale or foreclosure option.)

A REST Report will COMPLETE your package.

What is the Pay Back Method?

The Payback Method is a financial analysis tool used to evaluate the time required to recover an investment from its cash inflows. It calculates the period needed for an investment to "pay back" its initial cost, providing a simple metric for assessing risk and liquidity. While it is straightforward and easy to calculate, it does not account for the time value of money or cash flows that occur after the payback period, which can limit its effectiveness in comprehensive investment analysis.

Where to get a car loan without a job?

if you are having any other sources of income show that proofs to your lender.it proves that you are able to pay car loan. today there are so many lenders available which provides you car loan..go online and search for car loan lenders giving loans without a job.

Phone number of BAC home loans servicing lp in dallas Texas?

hello good morning you have a house in the 4542 nw 185 st miami florida 33055 buy them lse $ 40,000 IS YOUR BID thanks my email is humberto817@hotmail.com

What is an SBA loan?

Loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders that provide loans, which are guaranteed by the Small Business Administration (SBA) -- the SBA has no funds for direct lending or grants.

Calvins current monthly mortgage payment is 1580 Thirty percent of the payment is put into an escrow account to pay taxes and insurance The rest of the money is used to pay his adjustable rate mortgag?

30 %of his payment that goes towards taxes and insurance is 474.00

so that leaves 1106.00

so 1106.00 x 6.5% = 71.89 dollars

add 71.89 to 1106.00 = 1177.89

his new payment is 1177.89