Loans

how would a balloon payment effect interest on a loan

it doesnt matter to them if you signed for it or not - you received the money so the loan is valid to them, and to the courts. but, considering your situation, I don't see any reason why you should keep paying for it, unless you are concerned about the effects on your estate.

you stop paying, and b of a wants their money, and they go through all the standard stuff, letters, phone calls, etc. if you have a bank account with them they will take it to satisfy the debt, so make sure you don't bank with them if you do this. but, you ignore them, and that's the end of it, because they can sue you for the money, but they need some time and they need you to have assets which can be used to pay them.

your estate may have assets, like a house with equity. if that's the case, b of a can make a claim in probate against your estate. without you there to fight them, they'll probably get their money, which is less for your heirs. but if you don't have assets (and life insurance does NOT count - it is paid directly to your heirs, therefore not a part of YOUR estate), then there is nothing b of a can get when you pass.

Proceed with the option you think is best.

Only if the borrower qualifies on his own and the bank allows it. You will also have to be removed from the deed.

There is only one payment left.

82 or 100, you can get a loan in U.S. , if you have been receiving income. The only catch is that it shouldn't be a social security income.

If you are earning around $1,000, then you can get a car loan.

One main function of euro-currency loans markets is to match up suppliers with consumers. Another function is to provide loans that are cheaper than those you would receive in a domestic bank.

A Broker is NOT the same as and Underwriter (U/W).

The Broker usually owns the mortgage company. He contracts with several companies to write loans for their companies. Once these loans are written and closed, the broker will receive compensation.

The U/W is the person that reviews the loan documents for accuracy, insuring that all income and asset documentation is correct, and reviewing the appraisal for industry standards.

In many cases you would still be covered, but not usually for the amount by which your loan is in default and not for any additional charges and interest applicable to that default amount.

It can have a negative effect if the primary borrower doe not make their payments on time. When you co-sign for a loan you are making a guarantee to the lender that the loan will be paid. If you decide to co-sign for someone else you need to make sure you can pay the loan if they stop making payments and you should also make certain the payments are being made on time. Late payments and missed payments will be reported to your credit record as well as that of the primary borrower.

WoW if the payment isn't made then guess who will come and take the house We do not want to keep the house, nor live in it. We are paying the mortgage payments and trying to sell the house, however in this market, it's not likely. At this point we just want to get rid of it. Trying to find out if our credit would be ruined or if we would be held financially responsible if the house foreclosed. ============================================================= These issues issues are the responsibility of the executor(s) of the estates of the deceased persons. If the executor(s) has/have not retained a lawyer, that is the first step in the process. Foreclosure is an action taken by the lender when payments are not made. The lender launches a legal proceeding to take over ownership of the property. The asset (the property) could be lost if nothing is done to prevent foreclosure. ___________________________________ I know what a foreclosure is...I am wondering if me and my sister would be held financially responsible for any outstanding moneys/debts on the house when it forecloses. I also am wondering if our credit would take a hit if we decided to do a short sale or foreclosure?

The legal age to sign any contract is 18.

Yes

Noitsure but their postcode is the same as the Brittania Building Society in Leek Staffs ST13 5RG

What is the maximun interest fee on a pawn loan in CA?

There is a large number of people out there saying "I need a personal loan quick but I have bad credit", and they have no idea where to go to get a loan. They know one thing for sure - they're not going to get none from their local banks, because banks are hesitant about lending money to people with bad credit. If you are one of them, you'r win the right place to get a quick personal loan in the next hour or so. this is one of the best ways of obtaining quick cash without credit check, no collateral, no cosigner is needed, so i will advise you to cantact them via email: admin@konomarkloanfirm.cu.cc

Because the princial payments are your simply returning the money you borrowed. WHEN YOU BORROWED THE MONEY, IT WAS NOT TAXABLE INCOME, RETURNING IT THEN CANNOT BE TAX DEDUCTIBLE. (Or every year I would borrow an amount say equal to my taxable income from all sources from someone/thing (bank, brother, friend who I lend the same amount to at the same time), and pay it back the next day...creating a deduction, and eliminate all my taxable income from all other sources).

Interest on loan to a business is a finance cost. Irrespective who the loan is coming from, the cost of sericing the loan, that is, the interest, is to be charged in the Income Statement. In theory it is not an appropriation (division) of profit.

Apparently I took out a life insurance policy with Prudential which use's my annual payment to cover some sort of loan. I try calling them but no one seems to know what I am talking about. I tried the agent, he told me to call the company, they told me I took a loan back in 1989, however I never received any money, but have noticed the payment is what seems to be bringing this graduated payment down, so now I am really confused, can you help me?

closed-end credit :)

10455.00

Have the financier send you a letter stating that you have fufilled your payment obligations and as a result you are absolved of any debt to said company.

If you have bad credit you can still obtain a loan up to $1500 from most online payday loan companies. Most don't require a credit check, but you'll need to provide a checking account and have a job that deposits your check directly into your checking from which the loan can be repaid (auto drafted) from.

Unfortunately, foreclosure happens.

First get the Total cost (Price +PDI +all Taxes say $15,000) Get the interest rate (say 5%) What is the term (say 3 years 36 months) So the calculation is as follows 5% interest is .05 Add it to one and multiply it by itself times the number of years (3 in this example) (1+.05) * (1+.05) * (1.05) * 15,000 / 36 so you get 1.1576 * 15000=17364.38 (actual cost of auto) /36 =482.34/month

a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.