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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
If the loan is against that property I would think so.Is the sister mentioned on the will as a benificary of the estate.if she is then she may benefit.normally the estate is whats left after everything is paid including mortgages.
If you have a car loan and your co-signer just filed bankruptcy will this effect you?
I believe so. I would check with www.clarkhoward.com orwww.daveramsey.com. They are both excellent with consumeradvice.
What is the highest interest rate for personal loans allowed in California law?
I am trying to find the answer to this question because I am getting charged over 90% interest by cash call, and I don't think this is at all legal!!!
How do you bankrupt your student loans?
Student loans do not qualify for bankruptcy except in certain dire situations.
A EQUITY LOAN, OR A HELOC (HOME EQUITY LINE OF CREDIT)IS LIKE A CREDIT CARD ATTACHED TO YOUR HOME. YOU ONLY PAY INTEREST ON THE MONEY YOU ACTUALLY USE. FOR INSTANCE IF YOUR LOAN IS FOR $50,000. AND YOU SPEND ONLY $10,000. OF THAT $50.k YOU ARE ONLY PAYING INTERST ON THE $10.k. YOU ARE USUALLY SENT AN ATM CARD OR CHECKS. THE LOAN IS TYPICALLY FOR 25 YEARS AND YOU CAN ACTUALLY HAVE AN OPEN LINE OF CREDIT AND NEVER TOUCH THE MONEY. IT CAN BE SITTING THERE IN CASE OF AN EMERGENCY. YOU MUST HAVE EQUITY IN YOUR HOME TO DO THIS LOAN...HENCE THE NAME. THERE USUALLY IS NO PREPAYMENT PENALTY IF YOU PAY OFF THIS LOAN EARLY BUT THERE COULD BE A CANCELLATION FEE OF $250.00 OR SO. E
What is the difference between a mortgage score and a credit score?
A mortgage score is a specific type of credit score that is specifically designed for mortgage lending purposes. It focuses on factors that are particularly relevant to mortgage loans, such as payment history, debt-to-income ratio, and the presence of any past mortgage-related delinquencies. While a credit score is a general assessment of creditworthiness, a mortgage score provides a more targeted evaluation specifically for mortgage lending decisions.
Not at the closing. You need to discuss this at the time of loan application, or be prepared to do parts of the application process over again. Do NOT wait till closing.
You are very close to repo time call the lender and explain the situation as to why you are late they usually will work with you.You usually don't get notification of a repo but it depends on your state.
How long after you file chapter 7 will you be able to apply for a mortgage?
In most cases, for a non-conforming loan ---- one year. For a government loan i.e. FHA or VA - 2 years. Conventional loan - 4 years
You need to read your loan agreement very carefully you may have given them that right.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
Are spouses responsible for employee loans after their death?
In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.
What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?
Your car finance company will add their own insurance that covers their vehicle, but not your liability. ANd it will significantly increase your payments. It would be so much cheaper and better protection for you to find your own insurance. Park it until you get insurance.
you're thinking about the wrong things. Buying a 10,000 ring as a young couple with no savings is financial suicide
What happens to a car loan when the owner dies?
In most cases, when a person has a loan on a car and the person dies, the note is "accelerated", meaning that it automatically becomes payable in full immediately even if there are months and even years remaining before it has to be paid. The promissory note will state this in its terms. The note will have to be paid by whichever beneficiary or beneficiaries receive the car by will or by intestate succession, or, if they do not want the car, it can be sold to someone else to pay off the loan.
Can you get an auto loan after filing for bankruptcy but before it is discharged?
Yes, you can get an auto loan before bankruptcy discharge.
If you have filed a chapter 13 bankruptcy, you must receive permission from the court trustee. Contact your attorney to begin the process. The court will set limits as to maximum loan amount and monthly payments. DO NOT apply for a loan of any type before getting approval from the court! Doing so could be grounds for dismissal of your bankruptcy, depending on the regulations of your particular court district.
If you have filed a chapter 7, there are certain automotive lenders who will finance you after you have attended the (sect. 341) meeting of creditors. However, if you are unable to find one of these lenders, your discharge is usually granted within a few weeks of the 341 meeting and you will be able to purchase then.
Only the LENDER can repossess the vehicle. Is this stepson a minor? If so, you have parental authority to tell him he cannot drive the car. Even if he is over 18, if you are the primary on the loan, I'll bet your name is also on the title and if it is you can just take YOUR car.
Can you get a car loan with an open chapter 13 bankruptcy?
If a loan has a prepayment penalty should you still pay it off?
It depends upon whether or not you want to pay the prepayment penalty. You would need to consider the amount of interest that would be charged versus the amount of penalty incurred for paying the loan off early, before making a decision.
Depending on the eguity in your home and your past more mortgage payment history you could qualify for an FHA mortgage with a small downpayment. You will qualify if you have documentation to support your income and assets. Closing costs should be around $8,000. Don't let anyone tell you you have to pay more for this loan. Fair pricing should not have more then 1 point and could be 0 points and still have a great rate. If you find a good lender you will get the loan at the right price. Mortgageguy101@aol.com
Do they do a credit check for adding your name to the house mortgage?
Yes, generally all joint financial agreements/contracts require that all applicants submit to a check of their credit history. In a few states the requirements for a married couple are somewhat different.
Can a bank add insurance to a loan?
Yes. If you do not have insurance on a car or house that is used as collateral for a loan the lending institution can take out insurance and charge you for it. The insurance THEY use will be far more expensive than what you can purchase privately, and will not protect YOUR interests, only theirs.
How do you get cash back on an equity loan if you have to pay closing cost?
Simply ask for the extra cash. The amount you qualify for depends on the appraisal value of the home minus the existing balances and closing costs. A mortage broker usually has access to lenders that can lend 110% or 125% of the appraised value. The interst rates are typically in the teens, and your credit must me strong. Also, the quality and condition of the home become even more important at these high loan-to-appraisal values because at higher rates and payments it is more likely you will default. Therefore, the lender knows it is more likely to resort to foreclosure, and the need for a clean "sellable" home is higher than it otherwise would be.
Where or how can you find a private lender willing to lend to individuals?
If you have a good investment idea, then, your local bank will listen to your business idea. If your idea is good then the bank will help you. Why would the private investor take any different risk from your bank ?
Read your loan agreement.Yes you will have to pay for balance of the loan after your vehicle is sold or auctioned.Your current or past job status makes no difference to the bank.
