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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

Does the Higher Education Act provide for student loan consolidation?

The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.

Which universities in the US give need-based financial aid to international students?

I believe the U of Minnesota gives in-state tuition to international students. Washington University in St. Louis (Missouri) provides resources for acquiring financial aid to any student, American or international.

Can you get a reverse mortgage on property with your life use deed?

I will assume you conveyed your property to a family member and reserved a life estate in that deed. You may be able to obtain a reverse mortgage but the new owners of the property will need to sign their consent to the mortgage. In my area of Massachusetts the banks are granting reverse mortgages to seniors who retained life estates when they conveyed their real property to their children as long as the children join in signing the mortgage.

Is a subordination agreement a mortgage or a lien?

A subordination agreement is usually used to gain consent from one lien holder to take a junior position to another lien holder. It isn't by itself a mortgage or a lien.

Can a warrant be out on a person if they owe a student loan?

Probably not but it could happen.If the person hasn't made payments for more then 3 months then something could be done about it.

Do you have to wait for chapter 7 discharge to get a loan to buy house?

Anyone or thing CAN lend to someone or thing whenever it wants...it is simply a business decision.

In reality, you will have to wait much, much longer, and restblish trust satisfying smaller loans first.

Student loan defaults returning to school?

In the US, if you want to return to school and have defaulted student loans, then you must rehabilitate the loans or consolidate them. To rehabilitate the loans, you should contact your lender and make 9-12 ontime payments.

How do you get a mortgage search on a property?

A 'mortgage search' should be performed by a professional. The more formal term is a 'title examination'. A title examination performed by a professional will disclose any liens against the property and any defects in the title. More importantly, a professional examiner will know all the places to check for problems and will recognize legal problems that wouldn't be apparent to a non-professional.

You can contact an attorney who specializes in real estate law and she/he can arrange to have the title examined. You could visit the local land records office and ask the staff to point out an experienced title examiner, introduce yourself and ask if they would perform a title exam for you. You could perform an internet search for 'title examiners' in your area for any professional association that lists examiners and their contact information. In Massachusetts we have MITEA.


In any case, no one should purchase real estate without having the title carefully examined by a professional. The status report resulting from a title examination should always be reviewed by an attorney who specializes in real estate law..

What is brown university financial aid?

All of Brown's financial aid is need-based, so you can't qualify for scholarships. Filling out the Free Application for Federal Student Aid (FAFSA) will first establish whether you qualify for government grants or loans, but also shows schools how much your family can be expected to contribute (EFC). If it's lower than tuition + room and board, then Brown will give you financial aid to make up the difference.

You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?

No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.

No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.

No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.

No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.

Can a parent get out of a co-sign default student loan?

Probably not - the reason a parent had to co-sign on the student loan is so the bank gets its money back if the student defaults. Unfortunately, you are probably on the hook for all the money and the default will be reported on your credit report.

Are interest rates the only benefit of a consolidated student loan?

Consolidating your student loans enables you to have one payment each month rather that having multiple payments to multiple lenders and multiple billing invoices.

My mum is paying half the mortgage of her house because her husband died the other half should be paid by his son but is not will it get repossed?

Yes, if the note holder wants to. It is up to your mum to pay the morgage if she doesn't want the house to get repossed.She can take her step-son to court to collect his half she pays and to force him to sell or buy her out.

What is a purchase money first mortgage?

A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.

Can you file chapter 13 and include payday loans in Utah?

These debts can be a bit touchy...the problem is, a debt incurred within a few months of BK can't be included for discharge...and the way pay day loans are generally made, they actually are re-written every few weeks, so they are always new!

On the other hand, many courts look past that (especially as they may already have collected a large amount of the loan), and will allow them. It just sort of depends. Certainly, like most things, they should be more acceptable as part of a C 13 than a C7.

What does extracted student loan funds mean?

It means that the loan has been approved and and removed from your account to be dusbursed to the school.

Part time students financial aid?

Part-tome students can be eligible for financial aid, based on a determined need. The amount of aid given will be based on personal need, and the amount of credits carried for any given semester. You can check with the Financial Aid Department at the institution you are at, or have an interest in for detailed information and procedures. Also ask for scholarship information. Not all scholarships are academic based.

Can you co-sign student loans for two children?

Yes, it is possible to cosign for student loans for two children. To cosign, one will have to meet the credit requirements.

Is it possible to put a lien on a vehicle if you gave the person a good faith 2500 loan for a down payment but were never repaid?

yes you can. you need to take them to court ad provide the court some kind of proof of your good faith loan, cancelled check for example. you may then either put the lien on the vehicle,or re-sue them asking for garnishment of paycheck at the time you are in court. also sue them for any court fees, coping fees, long distance transportation fees and if applicable you can sue them for pain and suffering , like financial hardship. be sure to do all this in one court case so you don't have to go back again for garnishment

How can you earn money to pay off your car?

Maybe getting a job is a good start! any kind of work will put you ahead. Do any of you people realize what kind of QUESTIONS you are asking.... boy I've read some good ones in my time but this tops them all.

If you have an FHA loan and are in default can you ask FHA to take over your loan?

Hello,

You can not ask FHA to take over your mortgage. The best thing you can do if you can not continue to make your payments is sell your home. If possible, you really need to do this before the home is foreclosed on.