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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

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

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 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.

What does Bank of America do with deliquent loans?

Usually, deliquent loans/balances stay within the BofA collections department for up to 210 days past due. After that, past due amount is sold to outside collection agencies.

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

How do you find out about the New Homeowner Mortgage Life and Disdability Insurance?

Marketing Life insurance and Disability insurance as Mortgage insurance is something that some companies will do simply to attract new home buyers.

If you are looking to protect yourself and your loved ones in the case of an unexpected illness, accident or death than you should be looking at multiple options relating to Term Life insurance and Disability insurance. These are two separate products that do two different things and should therefore be purchase in two separate policies.

There are a lot of insurance companies that offer these products. You should speak with representatives from those companies, or brokers who have access to the various companies in order to get more information. An insurance broker will be able to provide you with prices and products from various companies, and will make your search easier since you will not have to contact each company separately.

The web has some excellent sites that can provide you with tons of information as well. Look around and try to find someone who truly has your best interest in mind. When looking at Disability insurance, be sure to work with a Disability specialist. It is a very detailed type of coverage, and should be fully discussed and understood prior to you buying.

Your debt to income ratio is too high will having a co-signer improve this ratio for a mortgage?

It can as long as the cosigner doesn't have a lot of debt.
The lender will add the income and debts of all parties on the loan application to calculate the total debt to income ratio.

How can you sell an existing mortgage note?

How To Sell Your Mortgage Note:

You must first search for a reputable real estate investor either online or in a local directory.

Real estate investors, also known as mortgage buyers or note buyers, are

those that pay lump sums of cash to purchase notes such as mortgage

notes, promissory notes, land contracts and trust deeds.

These buyers can offer a "Full Purchase Option" which is for the entire note or a "Partial Purchase Option" which is for a specific amount of payments. However,

keep in mind that no mortgage buyer will pay full price of the note balance. These investors are looking for what's called "safe yield" on a discounted note. On average a mortgage note buyer is looking to pay 30% to 50% less than the note balance.

Looking For A Buyer:

Finding a mortgage note buyer is not that difficult if your looking to sell a mortgage note. However, when searching for a buyer, the following tips may help you in your search:

  • Make sure the buyer, broker or locator is willing to help you all the way through the process from start to finish.
  • Never pay to have a quote. A respectable mortgage buyer should offer you a free quote. Many can do this online and only takes a few minutes to complete.
  • Make sure the mortgage buyer is willing to pay for all or most of the closing costs. Some do this, but many do not.
  • Don't hesitate to negotiate for more money.
  • Find out upfront what fees are required.

If the offer is not as high as you hoped, be willing to ask for more money. Negotiating is common.

Why do most people take a mortgage loan when they purchase a house?

They take the loan to purchace the house.
Not many people have $400,000 + in their bank..
Thus they borrow it from the bank.

How many differences between repo rate and reverse repo rate?

Assuming the State Bank of India, the spread between repo rate and reverse repo rate has trended towards 1.00%.

Which term is defined as a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower?

Armadillos are eaten by coyotes, bobcats, cougars, wolves, raccoonsand bears. Birds of prey such as eagles and hawks also eatarmadillos. Even people eat armadillos. In Central and SouthAmerica, their meat is sometimes used as a substitute for pork.

What is the meaning of non vested spouse on a mortgage where both husband and wife are the mortgagees?

if the wife owned a home prior to marriage and the spouse signed non vested spouse. does the home still belong only to the wife.

How many mortgage companies are there?

Not sure how many mortgage companies there are but as a Texas mortgage broker we work with over 150 lenders so we are able to provide the best rates and payment you want.

http:/www.mtgamericatx.com