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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

Dose it affect your credit score when ever someone looks at your score when shopping around for a mortgage?

When you ask a possible creditor to inquire about your credit, it may affect your credit. This is because it implies that you're possibly opening a new line of credit. But you have the right to look at your credit report without affecting your credit. When you request your credit report it's called a "consumer pull" and has no affect on your credit.

If you walk away from your mortgage can the lender sue you for their loss?

Yes. You will also be "walking away" from property taxes and municipal utility service charges that will continue to accrue in your name. You should work with the lender to end your relationship legally so that the title does not remain in your name.

Yes, even if you voluntarily surrender the keys - if the property is then sold a few months later at auction any losses that aren't covered by the proceeds of the sale will be added to the balance owed. The lender can pursue you for the deficiency. The best solution is to try to work out an agreement with the lender.

What is the definition of 'loan repricing'?

When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."

Can a cosigner on a student loan take the tuition deduction?

No tuition deduction exists to start..and if one did you couldn't as you incured no expense, other than finace expense

Can co signer be garnished for default auto loan?

Yes - they are just as responsible as the person who bought the vehicle. Lesson learned --- don't ever co sign for ANYONE

How long does a co-signer have to stay on an auto loan?

From my understanding it is until the loan is paid off or the other party refinances the loan.

If you haven't already co-signed I would rethink the decision. It is a nightmare if the person you are co-signing for doesn't live up to their end of the bargain, even if it is family.

No objection certificate from builder for bank?

NOC From The Builder For Bank Will Not Have to Necessary Further Process

What the purpose of CapeHatteras?

Nobody nows that except a smart person

What is the difference between a mortgage broker and mortgage lender?

A mortgage broker does not lend their own money on the day of closing. They serve as an intermediary between the borrower and the actual lender. They are being paid for their expertise in placing their client with the best lender, rate and fees for that particular loan scenario. Traditionally the broker does not underwrite and approve the loan application. Their job is to gather the necessary loan documents and submit them to the chosen lender for approval. The lending decision (and risk) is ultimately in the hands of the lender.

A mortgage banker (lender) lends their money on the day of closing. They originate, process, underwrite, approve, close and fund the loan. Usually the lending decision is made by their own underwriter and the loan is funded in their name. Many mortgage bankers then sell the servicing of the loan to a third party after the closing. None of the conditions of the loan can change, just the name of the mortgage servicer.

Can you have two second mortgages?

You can have two "second mortgages," but this is technically set up as a second and third mortgage on top of the first mortgage. I have personally seen a third mortgage on one property, but it is rare. As a lender, it is a very risky loan.

The answer is no...( what ever lender records first) is a first.... it can be with 2nd mortgage terms but still be is a first lien position. I had a customer who pd off his original first mtg..then his equity second loan became his new first then he took out another loan which became 2nd..... confused yet??? anyway... What ever Lender is recorded at the court house first...is a first- reguardless of the terms or type.

What are blank checks?

Blank cheques are cheques that are signed by the person, but do not have a dollar amount specified. They can be used for all sorts of things.. such as.. If someone is going on vacation and someone is.. babysitting hteir kids and the house while they are away, the home owner mights leave the sitter a blank cheque for when they need groceries, or something

Wife and you on car loan now divoced can you get off loan?

I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.

Can you split mortgage interst on income tax if 2 people own the property?

If you meet the requirements for deducting mortgage interest, you may deduct whatever interest you personally paid. You may not deduct interest that someone else (including the other owner) paid.

The same applies to real estate taxes.

Define working capital demand loan?

Working capital is said to be the life blood of a business. Working capital, signifies funds required for day-to-day operations of the firm. In financial literature, there exists two concepts of working capital, namely gross concept and net concept. According to gross concept, working' capital refers to current assets viz, cash, marketable securities, inventories of raw material, work-in-process, finished goods and receivables. According to net concept, working capital refers to the difference between current assets and current liabilities. Ordinarily, working capital can be classified into fixed or permanent and variable or fluctuating parts. The minimum level of investment in current assets regularly employed in business is, called fixed or permanent working capital and the extra working capital needed to support the changing business activities is called variable, or fluctuating working capital. What is the nature and the scope of working capital decisions? What are the important dimensions of working capital management? What are the basic decision criteria, principles and approaches applicable in the field of working capital management? In this chapter, we shall take up each of these questions and thus take an overview of working capital management.

What does mortgage mean?

A mortgage or mortgage loan uses real-estate or personal property as collateral to guarantee a repayment of a loan.

A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front. Over a period of many years, the borrower repays the loan, plus interest, until he/she eventually owns the property free and clear. Mortgages are also known as "liens against property" or "claims on the property." If the borrower stops paying the mortgage, the bank can foreclose.

Can a lender refuse a payment on a mortgage if you are 90 days past due?

Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.

Who owns wizard home loans?

Recently Wizard Home Loans was purchased by Aussie Home Loans. The Wizard brand will soon fully become apart of Aussie and its logo will disappear and be converted to the Aussie brand.

What are absconderS?

Arkansas State Law states that if you abscond from probationer, even felony probation, you can only be extradited from Arkansas and states that surround Arkansas, I.E. Louisiana, Texas, Missouri, Tennessee and so on, However, Parole in itself is another story, Parolees released from any state correctional facility in any state are arrestable, as well as, extraditable from any state for any violation. No matter how minor said offence may be. Extradition cost apply for any means of extradition from Arkansas, Fuel etc...

How do you write 9.4 million?

There are many ways to write it 9,400,000 9.4 E6 9.4 x 10^6

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