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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

Are non recourse loans legal in Florida for Self Directed IRAs?

Federal IRS rules and regulations dictate what is legal for self-directed IRAs, not states. Of course non-recourse loans are fine, but there are tax consequences to your IRA and the transaction that you are leveraging your IRA with the loan that is being taken out. Consult a tax professional that understands self-directed IRA's to further clarify.

Yes mortgage sdn bhd quit a service provider?

Yes mortgage Sdn Bhd a very professional financial consultant, they had solve my issue by getting my loan approved with my concern, which they talor to my needs.

Thanks

Is a 20 percent interest rate on car loan allowable in Virginia?

Easily! With bad enough credit you can get even worse. If the loan company is out of state, they can sock you 35%.

The best way to go when your credit is that bad is to not get the loan. Buy a junker and save for a better car.

Should i Amend tax return to qualify for mortgage loan?

Not unless you actually earned the income. In that case, new rules about documenting your "repayment ability" per the Dodd-Frank Act mean lenders are responsible for determining that your income is legit. In most cases, they will require that you do one or more of the following:

1. Promise in writing and under penalty of fraud to make no further changes to that return (you can't "un-amend" your amended return after closing on your home loan.

2. Pay the extra tax prior to applying for your mortgage.

3. Provide all pages of the return prior to its amendment.

What does it mean if your loan payment is overdue?

If your loan payment is overdue, you will be charged interest that is higher than normal. You may also be charged a late fee and hurt your credit rating.

How do you get your mortgage company to endorse an insurance check if your house is in foreclosure?

I would hope they wouldn't! If your house is being taken away because you are not paing them back, they are owed the money, not you. A bank would not assist in that theft of money. I would believe that there would be criminal issues involved if you cashed that check anyway. Their name is on the check for a reason, they are protecting their money that is not being paid back.

What happens if you cant pay your dutch mortgage?

what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland

Can I modify my loan into a low rate 30 year fix loan if my tenants doesn't pay for 3 months?

less than two months ago i would not have been able to answer this question but since then, however, i have become somewhat of an expert. YES. you can modify your loan and usually get better than just a 30 year fixed. i did it with my home when i was behind on my payments. i used a kit i bought on a website that included an fsla report.they advertised it as leverage against the lender. i was skeptical but my wife convinced me. needless to say, it worked. it gave you the step by step on every possible way to modify, very informative. we used the fsla report to force countrywide into a sweet modification that included a 4.825% 30 year fixed and a substantial principal reduction. the site was www.myhomesavingsolution.com and i have since reffered it to several individuals who are using it with success. hope this helps.

Tyler, NY

Can you cosign on an auto loan if you financed a car recently?

Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.

What are the 3 advantages and disadvantages of bank loan?

Advantages and disadvantages of a bank loan are based on comparative sources of finance. What are we comparing the above bank loan to? No loan at all? Equity investment? Factoring of receivables? Is the loan secured or unsecured?

The question cannot be answered in a relevant manner without context.

What are the reasons why an account might be non-performing?

A non-performing account is a credit account whose payments have not kept up with the term of the loan. Traditional non-performance only measures those accounts that have balances outstanding after the end of the term, however, financial institutions are trying to intervene before the situation occurs.

Why the account is non-performing comes down to the circumstances of the borrower - either they can't or won't pay what is outstanding.

Does your credit score go down if you renegotiate a mortgage loan?

Whenever you take a loan out or have someone view it, your score does go down. If you have received your new loan though, you don't care. It should go back to the norm shortly.

Can you buy a HUD home with a FHA loan?

Yes, as long as the property meets the condition standards of the FHA loan. The HUD homes are not always in acceptable condition and this makes it difficult to obtain FHA financing because the seller will not allow you to make repairs to the property until after the loan is closed. However, the FHA loan requests that required repairs be made prior to closing.

If you cosign for your girlfriend at a dealership so she can get a car does it effect any loans or lones of credit that you may already have with another bank or institution?

Yes, it goes onto your credit report that you cosigned a loan because you could become responsible for the loan if she defaults. So, that amount of money does show up on your credit and could affect your credit worthiness .

Where can you find a legitimate high risk personal loan?

I recently used loanshack.com. I don't think they operate in every state though. It was quick and pretty easy for me to get $700.00. They were the direct lender too which I'm finding is a very big deal.

Advantages of short term loan?

There are many advantages to short term loans:

  • You can apply for them online - fast and easy
  • You can qualify for a short term loan if you have bad credit
  • You don't have to worry about facing a long term borrowing scenario - short term loans are only lent over a short term- most people take out short term loans to cover extra expenses between paychecks, then use their next paycheck to pay back the loan (like a cash advance)
  • Online lending services are secure - look for the security logo
  • The online application only takes a few minutes to complete
  • After a lender approves your loan request your money can be deposited directly into your checking account in as little as 1 hour

For more info about short term loans - how to get one, more advantages, etc. - check out Little Payday!

What do banks do with some of the profits they make by loaning out the money in their customers savings accounts?

They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.

Is a Line of Credit a secured loan?

Some are secured, some are not. A Home Equity Line of Credit is secured by real estate (a residence or property) A business line of credit may be secured by a stake in the business or lien against equipment or inventory. Business lines may also be unsecured. Personal or "signature" credit lines are unsecured.

How do you stop a student loan wages garnisment?

You should consolidate your defaulted student loans and stop the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants.

If you want help with the consolidation of your defaulted student loans, click on the link below

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