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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

In the state on California can you get jail time for not paying back a online payday loan?

No. The consequences to your loan well be found in your contract with the loan company. Most online payday loan companies are willing to work with and help you pay the principle back. Before jumping ship and not paying I would contact them tell them you would like to pay back the principle and they should work with you. But you shouldn't worry, it would be very hard for an online payday loan company to send you to jail.

Learn more about Payday loans at www.getecash.com

If a bank refinances a first mortgage and there is a second mortgage on the property who does the first mortgage belong too?

The new bank in which the refinance mortgage loan has been taken from becomes the new owner of the first mortgage at the closing table. As for the second mortgage, the second mortgage holder remains the same. Before the first mortgage can close with the new lender, however, they must agree to re-subordinate the second mortgage along with their new one. It is not uncommon.

I hope this information helps. Best of luck!

Regards,

Total Mortgage Services

Can you get an auto loan with score of 647?

Yes, you can get one, but it may take a couple of tries. The interest rate will probably be a bit high as well. Still, you should be able to get something. If you go to a bigger dealership, they have relationships with many of the major and smaller lenders. They really want to make the sale, so they will keep rolling through them until they find someone that will approve you. A good tip would be to do an online credit check ahead of time. The major trackers, such as Experian, have it set up where you can dispute things online straight from your report. Dispute anything and everything that is older, that you are pretty sure you paid, or that you do not honestly believe that you owe. Chances are, you can get a few things taken off and bump up your score a few points before you go apply.

If you are Pre approved for home loan is it guaranteed?

No, you are not "guaranteed" financing. Pre-approval simply means that you qualify for X amount of financing, you still have to go through the qualification process once you make an offer on a property.

Loan a black some money and you'll be lucky if you get it back where is this qoute from?

Stan Cotton wrote an ad for a newspaper ad in the early 1970s with the headline, "Loan a black some money and you'll be lucky if you get it back." The ad, for an African-American-owned bank, then said in smaller print that the headline was a common misperception. The bank had never had to take action on a delinquent loan, it said.

What are the nine exemptions that allow the transfer of title to property with a mortgage without the prior written consent of the lender under the Garn-St. Germain Depository Act?

(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances;
(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;
(4) the granting of a leasehold interest of three years or less not containing an option to purchase;
(5) a transfer to a relative resulting from the death of a borrower;
(6) a transfer where the spouse or children of the borrower become an owner of the property;
(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;
(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or
(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

Will paying more every month on car loan lower the total cost?

Yes it will. They car will be paid off earlier and interest will not be as much based of the total balance.

Will gap insurance pay off the balance of your loan if your vehicle is totaled?

In California it is normally necessary for you to currently have comprehensive and collision coverage in place at the time of the accident for your gap insurance to take effect.

Meaning of working capital demand loan?

A loan whose purpose is to finance everyday operations of a company or corporates.

How can a cosigner get out of paying for a loan?

Can't unless you get your name off the loan. The person you co signed for has to get the loan changed out of your name.

With 2000 a month can you get a mortgage on a house?

Yes you can get a mortgage if you earn £2000 a Month, but they may ask you to put a deposit down, click the link below for more info about a mortgage/deposit.

http://www.creditchoices.co.uk/how-big-a-deposit-do-i-need-to-get-a-mortgage.html

If someone is a co buyer on a loan will it show up on their credit report?

It definitely will if the main buyer defaults on the loan, but I'm not sure if it shows up when the loan is in good standing.

What is the payment for a 3000 loan for 18 months?

Depends mostly on the interest rate. There are quite a few banks that have loan calculators on their website.

What is difference between loan and finance?

loan is that amount which is taken from outside sources like any bank or any other financial institution but finance we can also provide by ourself like we can finance our business from our on personal source

Company A and B are offered the following interest rates on a loan of Rs5 million by their banks You are required to construct an interest rate swap for these firms netting 0.5 percent?

Q.No: 2. Company A and B are offered the following interest rates on a loan of Rs.5 million by their banks. You are required to construct an interest rate swap for these firms netting 0.5% to the bank acting as intermediary and be equally attractive to A and B Company Fixed Rate Floating RateA 15% MIBOR +2%B 18% MIBOR +2.5%