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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
Is a 29 percent interest rate too much for a car loan?
18% is the highest rate that a car loan should be. I am pretty sure that that is a government regulation. I know that there are loop holes in any system. So yest 29 percent would be too high but in some cases you have to do what you have to do.
Lenders want to pay your taxes and homeowners insurance on your behalf when they are due. This helps protect their investment.
Your lender will collect 1/12 of your yearly property taxes and 1/12 of your yearly homeowners premium with each months payment.
When you originally buy the home they will collect a couple of additional months reserves for each of these categories.
When it comes time to pay your property taxes, the lender will have the full amount escrowed ( saved ) for you. They will then forward the tax payment on your behalf. The same is true with your homeowners insurance.
Of course not. Just as long as she doesn't sign and documents to join that account.
The lender will expect you to pay the deficiency which is the difference between the amount owed on the loan and the amount they get for selling the car.
No. Student loans, while you're receiving them, aren't taxable.
For more information, go to www.irs.gov/individuals/students for the article, 'Taxable Income for Students'.
Also go to www.irs.gov/formspubs for Publication 525 (Taxable and Nontaxable Income).
Do you have to pay back student loan if you withdraw passing?
Regardless of academic status, if someone gives you money in the form of a loan, you must pay them back.
Where can you apply for a subsidized student loan for your college bound child?
They have to complete the FAFSA.
Is a promissory note legally binding?
There is no legal requirement that a promissory note be witnessed in order to be legally enforceable. In most cases, a written agreement is usually a written confirmation of a verbal agreement. Even without a witness to the promissory there, there many ways to prove the validity of the note such as handwriting analysis and evidence of the payment of the borrowed money such as a cancelled check.
It all depends.
If the governing documents for the association and state law indicate that assessments -- you call them dues -- are automatically liens against the title, and have a priority position ahead of any mortgage lender, then filing a lien means that the unpaid assessments can be paid first from any proceeds of sale.
Does ex have to sign off a mortgage if we are divorced?
Not necessarily. It would depend on the courts issued judgment. At times, when the mortgage is in both names, it stays in both names until the house is sold. Usually, this takes place when the children reach the age of emancipation (unless they are still in school as full-time students). Still, it depends on the judgement.
A Different Perspective
Any matters regarding real property, mortgages and deeds should be addressed at the time of the divorce. Banks are not bound by divorce agreements. Any changes in the mortgage must be approved and executed by the bank and must be in writing. Generally, the mortgage remains in both names until it is paid off.
They are not responsible, but they will consider the spouses income as part of your ability to pay and determine your monthly payments (if on some kind of repayment program) according to your total family income.
Where can you apply for loans only using your tax id number instead of social security number?
who gives loans for small businesses with tax id numbers for lines of credit
What factors affect commercial bank loan pricing?
sources of capita,interest rate,amount of loan,foreugn exchange by godfrey mboya
Mother's estate must be probated in order for title to the property to pass legally to her heirs. Once the estate has been probated title is in the heirs a deed is not necessary to prove ownership because probate records are part of the public record regarding land ownership.
Many people choose to have a new deed drafted and the requirements vary from state to state. Some states require the use of a straw. You should ask the attorney who is handling the estate to advise you about executing the necessary deeds to get the property into your names in the land records.
Can you take out two loans from different banks?
Yes you can. As long as you have enough income to pay off the loans that you take from two different banks you can very well get them. Banks will always check if you have any existing loan commitments with other banks, but if your income is high enough to meet the monthly repayments for the loans, they will eventually give you the loan.
Do you have to pay half the mortgage if you moved out of the house?
If you signed the mortgage you are fully responsible for paying it. If you don't keep up the payments the lender will foreclose and take possession of the property. If your name is on the mortgage your credit will be ruined and you may find that you owe the bank costs associated with the foreclosure.
You should consult with an attorney who can review your situation and explain your rights and options.
What are some of the ways your school loans can be forgiven before you die?
There are many options.
- Teacher Loan Forgiveness Program
- Stafford Loan Forgiveness for Volunteer Work
- Military Stafford Loan Forgiveness
- Stafford Loan Forgiveness for Legal and Medical Studies
I posted a link in the related links for more information on each of these
What happens if you get a student loan and then decide not to go to school?
Probably nothing PROVIDED you pay back the loan. It depends upon whether it was a condition of the loan that you DO go to school. In any event, whether or not you go to school, by its very nature it is a student LOAN and not a student GIFT so you must expect to repay it - one way or another. By its very name it is a student LOAN and not a student GIFT. So whether or not you actrually go to school you will have to repay it. What ELSE did you imagine?
You have tourettes syndrome how do you get your student loans payments dropped?
If you're permanently and totally disabled, you can apply to have your federal loans discharged.
Having a medical condition does not entitle a non-disabled person to lower payments, but you may qualify for income-sensitive payments.
Can they garnish the co-signer if the student does not pay for the loan?
It's a definite possibility.
Legalities would vary greatly depending on the loan type and other circumstances.
Can you use a student loan for gas?
Most financial aid is based on cost of attendance established by your school. You need to ask your school what transportation costs can be included in the cost of attendance.
Are joint tenants equally responsible for the mortgage?
Yes. Joint tenants are equally responsible for paying the mortgage. However, you should be aware that if the circumstances in the relationship between the parties (mortgagors) changes and one abandons the property, the lender will hold the remaining person solely responsible for paying the entire balance due.
Can you get a student loan for the New York film academy?
The New York Film Academy offers need-based tuition assistance options, and there are competitive scholarships available. Attending film school is an excellent investment in your future career in cinema. However, it is also an investment that requires careful planning. When you are developing a financial strategy for your education, a great way to start is by talking to whichever family members or friends are involved economically. A prospective student should know what amount of funds they have available to them as well as the tuition costs and other fees for the program they will be taking. Don't forget to factor in living costs, (rent, food, etc.), and try to come up with a realistic budget that you feel you will be able to maintain. The more informed you are about your own financial situation, the better equipped you will be to know what forms and what amounts of financial aid you will require.
For many students, the rate-determining step in funding their education is applying for a student loan. Student loans can be used to cover tuition as well as living expenses for most film school programs. Most students will need a co-signer in order to be approved for a loan; generally a parent or other family member with a good credit score. It is very important to make sure you understand the terms of the loans, and if you have questions always feels free to ask the New York Film Academy Financial Aid Department!
It depends upon the specific terms and conditions of the contract. If the contract simply states it is the buyer's obligation to secure financing, then you can NOTcancel the contract. If the contract states that the agreement is conditional upon the buyer's ability to secure a loan, then you CAN cancel the contract.
HOMEOWNER SHOULD SIGN NOTHING...the 2nd mortgage is cut off in the foreclosure action against the 1st mortgage as it affects real property...if the 2nd mortgager holder is looking for a signature, then they should get it from the judge
