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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 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 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%.
What are the advantages and disadvantages of mortgage?
Advantages: You get to acquire a property without saving the purchase price. You get an income tax deduction in the US. You build credit history. You get to hold what is historically an appreciating asset without fully paying for it.
Disadvantages: You pay intesest charges, discount points , taxes and other fees. The tax deduction is only about 25% costs above. Without faithful payment you can be evicted. The mortgage holder controls various facets about the house and can prohibit you from selling small parcels or doing modifications to the structure and the like.
It is a security agreement used as eveidence of debt secured by real property and a promise to repay the debt at certain terms agreed to by both the lender and borrower.
How much interest will you pay on a 4000 pound loan over 48 months apr is 14.9 percent?
1333.67 pounds in interest if you also repay the capital with a constant monthly repayment of 111.12pounds, if you repay only interest you pay 2384 pounds over the 4 years.
How do you calculate mortgage payments with a plain calculator?
You can do it, but it isn't exactly straight forward. Here is the basic formula that you will need to follow:
M = P * (i / (1 - (1+i)^-T))
M - is the monthly payment
P - is the principle
i - is the monthly interest
T - is the term
So, we buy a house for $200,000 with a 3% interest rate, and the term of the mortgage is 30 years (360 months)
Convert the interest from percentage to decimal, and then to monthly.
3% divided by 100 = 0.03 and then 0.03 divided by 12 months = 0.0025
So i = 0.0025
Add in your Term, in this case it is 30 years (30x12=360 months)
T=360
Break the calculations into sections, doing the innermost parenthesis first
M = P * (0.0025 / (1 - (1+0.0025)^-360))
(1+0.0025) = 1.0025
M = P * (0.0025 / (1 - (1.0025)^-360))
This next part is the most complex. You have to deal with a negative exponent. 1.0025 to the -360 power. To do this you have to convert the negative to a positive.
On your scientific calculator, you will need to use the button that has an X with a small y above it. This is the "power" or exponent button.
Enter 1.0025 xy 360 = 2.45684
Then divide 1 by 2.45684 = 0.40703
The rest is relatively simple
M = P * (0.0025 / (1 - 0.40703))
1 - 0.40703 = 0.59297
M = P * (0.0025 / 0.59297)
0.0025 Divided by 0.59297 = 0.00422
P is our principle, which is $200,000. Multiplying 200,000 by 0.0042 will give us a monthly mortgage payment of $844
M = $844 per month
What is the difference between fixed rate and adjustable rate mortgage?
A fixed rate mortgage has its interest rate fixed (ie. stays the same) over the life of the loan. An adjustable rate mortgage (also called variable rate mortgage in Australia) has an interest rate that can be changed at any time by the lender. For example, if central bank interest rates go up then a variable rate loan will usually go up too. If the interest rate is fixed, then the lender can't change the rate even if their funding costs rise.
Generally your lender requires you to keep up-to-date proof of insurance on file with them.
How do you qualify for debt consolidation loan?
I don't know if you have heard of debt elimination, it's when you hire a contractual attorney to sue the creditor for violating you Consumer Rights. And trust me we are all victims of the banks predatory lending. For example; if a creditor raised your interest rate without your written consent that is illegal!The best part is that an attorney only charges 30% of the debt vs. 60-65% when you settle. Check out the National Consumer Advisory.
If you have multiple debts and you are finding it difficult to manage with debts then it is better to go through advance repayment options. Debt consolidation is an efficient way to repay debts in which your earlier debts will consolidated into one. Bad credit and unsecured loan option is not a problem to get debt consolidation loan. If you meet with common eligibility requirements of borrowing loans and you have a steady source of income then you can easily get debt consolidation loan through lending firms. Only thing you need to manage is that selection of debt consolidation loan quote that is affordable for you.
A high current ratio suggests that the firm?
A current ratio is a way of measuring liquidity in a business, or to put it in simpler terms how quickly a firm can raise cash to pay off debts in a crisis.
This current ratio is based on current assets (things a business owns and will sell within 1 year) and current liabilities (things a business owes like debts and will pay off in 1 year).
The ratio is calculated using the formula:
Current Assets
_____________
Current Liabilities
For example 150 / 100 would give 1.5:1
This ratio speaks to the accountant - it tells them if the business can meet its short-term liabilities (debts), or can it pay the suppliers so that they will continue to send stock to the shop (for example).
In very simple terms the business has 1.5 times the amount needed to pay the debts - this is good. An ideal would be between 1.5 and 2.
So your business has a current ratio of 7:1 oh dear. You can pay your debts (this is good) but your business has lots of cash sitting about that could be:
1) invested in new stock lines
2) Spent on advertising to drive up sales
3) invested in more experienced staff to help ensure the long term health of the business
This tells and potential investor that your business is flabby with cash and not being managed well. Any potential investor may steer well clear.
Are construction to perm loans securitized?
Yes, they can be securitized but generally not until the construction is completed and the loan has been converted from a construction loan to a permanent loan.
What can happen if you dont pay a payday loan in texas?
If you don't pay a payday loan, you can have a judgment brought against you. They can also fine you a pre determined amount.
How do you withdraw money from 401k account after you quit your job with a loan that is outstanding?
Most plans allow you to do the lump sum distribution irregardless. You will just want to be mindful that you're going to be taxed on both the account balance and the outstanding loan.
Definition of a medium term loan?
MEDIUM TERM LOANS
- it is a corporate debt instrument with the unique characteristic that notes are offered continuously to investor by an agent of the issuer.
Are payday loans available online reliable?
Well, your question is rather reasonable. There are really a lot of frauds which operate through the Internet, thus it is very important to be careful and attentive while applying for any financial service offered online. The best way to avoid scam is to follow the recommendations of your friends, colleagues, etc. or to look through reviews online. This way you will be able to find a legitimate and reliable payday lender.
What is maximum amount of fha mortgage loan in philadelphia?
It depends on what county you live in. The loan limits range from $271,000 to $420,000.
You can check the county loan limits here: https://www.entp.hud.gov/idapp/html/hicostlook.cfm
Can you get a home loan with a 628 credit score?
Yes as long as you mid score is at least a 620 but you better hurry. I know of several lenders that have have increased the credit score requirement to 640+ for <A href="http://www.fhamortgagesdoneright.com">FHA loans</A>
What kind of personal property includes such items as stocks bonds and mortgages?
Intangible personal property includes stocks, bonds and mortgages.
See the related question link provided below.
Can you make a land contract if you have a mortgage?
Yes there are several ways to do this. You can use an All Inclusinve Deed of Trust, Wraparound Mortgage Note or a Land Trust. Most mortgages have a "due on sale" clause that says the lender has the right to call the loan due in full in the event of a sale, however, as long as the payments get made on time, they will never know or care in most cases.
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Write a letter to bank asking for loan for your business?
You can write a letter to the bank by outlining your business plan. You need to tell them how much you would like, why they should lend it to you and when you anticipate being able to pay them back.
