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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
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What is half of one and one third?
Multiply the two numbers together: ½ and 1⅓
1⅓ would change to the improper fraction 4/3.
4/3 multiplied by ½ is 4/6, also simplified to 2/3
Is residential mortgage close-end mortgage?
Normally residential mortgages are not closed-end mortgages. By definition, closed-end mortgages cannot be prepaid but most residential mortgages in the U.S. do have a prepayment clause that allows the borrower to prepay the balance of the mortgage (perhaps by paying a penalty).
In Canada, residential Mortgages could be open or closed depending on the need of the client. In some cases where the client is unsure what the time frame would be for them to repay the mortgage and does not want to get stuck with early repayment penalties, I suggest them an open mortgage.
But if they are pretty much sure that they are okay to go the full term of the mortgage 1 - 5 years, then a closed is preferred as to give client the advantage of a better interest rate.
What payday loans will accept netspend as a bank?
Netspend does payday loans but they won't even accept their own bank as an account. Makes you wonder huh.
Can you get finance for auto loan with a learner permit?
No you need to have a drivers license. It is illegal to drive a car without a drivers license and that is how the finance company looks at it.
Is one third more than one half?
No. Think about it this way: when you split a pizza into halves, do you get more than you would if you had to share it with an extra person, therefore splitting the pizza into thirds? Yes. The more people you have to share with, the less each person gets of that pizza.
What is the difference between a mortgage commitment letter and a pre-approval?
A pre approval only approves the party to the transaction as qualifying for that amount while a commitment is a bona fide contract indicating that the lender will finance the amount of the loan for both the party and the subject property.
How can you get a loan with bad credit and no job but you get child support as your income?
YOU DONT!!! Get a job you trashy bottom feeder!!
Does mortgage insurance protect the bank's interest on a foreclosed loan?
Mortgage insurance protects a lender from loss, subject to contractual limitations between the bank and the mortgage insurer, if a borrower defaults. A bank that is forced to foreclose on a property due to a borrower default is still at risk of losing money since the mortgage insurer covers only a specified percentage of the original loan amount, typically 20% to 50%.
Mortgage insurance will mitigate losses incurred by a bank due to a foreclosure but does not fully protect the bank from losses.
Do you need to have an account with a bank to get a loan?
In most cases, Yes. It increases their control on your transactions and hence they would insist on the same.
Any loan means you've asked for money-on-credit from a lender. An auto loan money-on-credit from a lender, usually a bank, credit bureau, or dealership, given specifically to buy a car, and typically to buy a certain car that you've already picked out before the loan was approved.
What does great spenders are bad lenders mean?
this means that people that always spend money never lend you even if you ask
Can a bank refuse to release collateral if they have excessive collateral?
They can refuse if the loan outstanding is much more than the collateral provided.
Ex: If you have a loan outstanding of 100,000$ and you have provided a collateral of 50,000$ you cannot expect the bank to release any collateral.
Lets say your outstanding is only $30,000 then you can expect the bank to release a certain portion of the collateral atleast $20,000
What is an amortization Table?
An amortization table is a graph used to recalculate loan payments. More specifically, mortgage payment recalculations. It is a very good tool that is utilized by loaners/bankers/credit unions.
What is a single payment loan?
A single payment loan is just what it implies. The loan is due and payable in one lump sum, principal and interest, at the end of the period of time of the loan. Most loans are multiple payment or installment payment loans, like car loans, credit cards or mortgages where payments are made on a regular (usually monthly) basis over the term of the loan. This reduces the amount due on the loan gradually. In a single payment loan, nothing is paid during the term of the loan until the due date. On that date everything must be paid in full.
Where do you go to get a bank loan online?
First I would go to the bank's website and I'm sure there is more information about the process.
But I would HIGHLY recommend you check out Prosper first. You'll probably get much more than from a bank, it's very smooth and fast and you can get anywhere from $2k-$25k.
http://www.autoprofitincome.com/prosper
Who can finance a timeshare loan?
who does financing for timeshares?
Some owners go to banks and lending institutions to finance their timeshare loans.
Short term loans are preferred by?
Short term loans are probably preferred by no one.
They are generally high interest loans with stiff penalties for NSF and other bounced check fees. Some companies have trended toward lending responsibly. However, in this highly un-regulated product it requires consumer action to report them given the sheer volume of illegal lenders.
Do your research if your looking for a short term loan company.
How do you apply for a fmha loan?
I currently work for the West Virginia Department of Education, I'm married, and I have no children. Am I eligible to apply for this? safarmer920@yahoo.com
Corporate banking is banking services that are designed for businesses. These products will require larger deposits in order to avoid fees.
Can you get an anticipation loan on my tax return if your wages are being garnished?
you can get on but they will take what is owed and send you the rest
When a mortgage is refinanced what does the original lender do with the payoff money received?
The money is owed to that original lender for the loan. The lender then uses those funds for it's general lending purposes. It is for the paid in full mortgage that was made on the property. The payoff usually includes all interest due and any/all escrow accounts paid to date of payoff. Mortgage loan payments from the property owner pay interest in arrears (previous month's interest on the loan) in each month's payment, unlike auto loans which include the current month's interest with each payment. Therefore, there are no monies owed back to the property owner. However, if there is an overage in the property owner's escrow accounts, the property owner is entitled to those funds to be returned to him/her.
