Loans

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paying off a loan early is not considered a good thing by lenders because it means they lose interest income from you. It is not a bad thing, either, but it isn't better than paying off the loan on schedule. There is no real credit score boost for paying off a loan early. The boost comes from the fact your total debt is lower and that you have no delinquencies or derogatory events.

You can find sample hardship letters for school financial aid in various places. However, they should only serve as a guide to help you draft your own letter. You should try to include as much details as possible.

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Many companies offer a questionnaire for customers to fill out so they know how to improve services. The customer satisfaction surveys for car loan services would ask questions about the service you received including how helpful, quick, and knowledgeable your representative was.

If you have a private note with a private individual then they may be willing to take a lump sum payment if they don't want to wait for the payments to come in over time. You would need to contact the note holder and discuss it with them and see if they are interested in selling at a discount. use the argument of a lump sum of money now that they can reinvest right away.

If your note is with a bank then there really is not anything you can do. You likely can't even get to the right person to present an offer but banks don't generally take discounted pay offs unless the loan has gone bad. If it does they would not be likely to take such a pay off from the original payor.

Getting debt financing

National City Bank, a part of PNC

A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM) is a relatively new product. A reverse mortgage is a loan against the equity in your home that you don't need to pay back for as long as you live in the home.

That depends on a lot of things. If you owe less than the house is worth, then the 2nd lienholder is paid any proceeds left after the balance of the 1st lienholder and any applicable fees and fines are paid. For unresolved balances, well that is a state by state question and answer. For example; in AZ if the second mortgage is not satisfied, then they have a legal right to persue the balance, unless it is convered by the Mortgage Protection Act of 2007. Even that can't help you if you took out a bunch of money in a refinance. That law was deisgned to protect homeowners from negative loss due to market conditions out of their control. If you took $100,000 out of your equity to build a pool and go on vacation, they don't view that as "out of your control."

for a large bank, a closer makes about $60,000. i know i do!

If the loan hasn't been processed then stop the application. If the loan has already been processed you need to wait until it's paid off. You can't take your name off it unless the lender agrees in writing.

It is much more complex...you clearly need professional guidance. YOU ARE RUNIING A REAL ESTATE BUSINESS. All costs of the business are expenses and things like depreciation, and a basis and cpitialization of the property itself must be tracked. You have lost the tax break on sale of it, but have gained many other things. Get help if you did not fully understand the very basic parts of the above, or do not understand that you have a business....

A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.

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the amount of money you have borrowed from the bank which you must pay back over 25+ years.

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Balloon Payment

go and have a poo or go to the bank and check

A bank loan means the bank is loaning or lending you money that must be repaid to the bank under a certain set of parameters or guidelines that include interest payments, i.e. you must pay a predetermined amount back to the bank each month, by a certain date. The bank makes money on the loan by charging the Customer interest, an amount over and above the original loan amount. A bank overdraft means a Customer has written checks against their bank account which total more than the amount of funds they have available in that account, otherwise known as a "bounced check". This typical results in additional charges to the Customer by the bank, otherwise known as NSF or "Not Sufficient Funds" fees, typically ranging from $15-$35. In addition, the entity (company) which you made the check payable too, may also charge an additional fee to your account in the same dollar range as the bank. In order to get a bank loan, your credit must be approved. Oddly enough, if your bouncing checks, you may need a lone, but will have difficulty getting approved by the bank as it will negatively affect your credit rating.

Any payments you must make from Gross Income to keep the property running are expenses. Although a mortgage is usually also called a Liability Expense, it is still an expense to run the property.

In general you will reduce the payment by one month for every month's principle you pay ahead. It would take about 8 years.

There are many online mortgage amortization calculators available. You will need also the percentage rate.

If their name is on the title, they are a co-owner with as many rights as you have. Otherwise, they do not own it at all, although they could have some legal claim in the form of a lien.