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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
What is the best type of mortgage loan?
The best type of mortgage loan depends on individual financial situations and goals. Fixed-rate mortgages offer stability with consistent payments over time, making them ideal for long-term homeowners. Adjustable-rate mortgages (ARMs) may provide lower initial rates but come with future rate variability, which can be risky. Ultimately, the best choice will depend on factors like how long you plan to stay in the home, your budget, and your risk tolerance.
Can a cosigner be released if borrower is fraudulent?
You need to discuss the situation with the lender and provide proof that the primary borrower lied on the application. However, the lender may not want to hear your story. You stepped up to guarantee that the loan would be paid. You may need to sue the primary borrower in court yourself if they have defaulted on the loan.
Why does the the IMF impose conditions its loans?
To help manage the economies of struggling countries
Business loanswork much like other business financing products. You and the lender agree on an interest rate and payment plan, and you sign a promissory note that defines your settlement in writing. The lender may require you to provide security for the business loan, such as your home or other important personal assets that the lender can take in case you fail to pay back the money.
Who is required to sign personally on a business loan?
Normally, people who own 20% or more of the borrowing entity must sign personally on the business loan. This may vary depending upon the transaction type and the ownership structure.
Which statement is TRUE in regards to a policy loan?
Past-due interest payments not paid after 3 months will void the policy
How can I prove to a judge that I didn't steal a car that was given to me for loan repayment?
Show the Judge the title for the car that is properly signed over to you by the previous owner.
What is the cheapest car loan interest rate in Australia?
That depends a lot on your credit score and the vehicle you are buying. Newer cars attract cheaper interest rates than older vehicles. Applicants with excellent credit history are offered cheaper rates than say a applicant with an impaired credit history. Car interest rates start from approximately 4.2%.
