answersLogoWhite

0

💰

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

Can bank reposses car after you paid 75 percent loan and i defaulted 2 month installments?

Quite probably. Because you have paid so much of the loan they might even find it more attractive to do so.

Can a life tenant take out a mortgage?

If they can find a mortgage company that is willing to take the risk. Because the tenancy is for the life of the holder, once they die, there is no recourse. Any interest rate would be extremely high as there is a great deal of risk.

Why would a mortgage release be on public record file?

A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.

A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.

A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.

A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.

How much faster will you pay off your mortgage if you make biweekly payments?

Paying off your loan BI_WEEKLY shortens the interest on your loan. It's important because the first (many) years ---- you're paying on interest, not principal. By paying "bi-weekly", you're paying more on principal than interest. Which means that you're paying less on interest and more on principal, which will shorten the length of your loan obligations. Good luck --- JIM

What happens if you default on car loan in divorce?

The car will most likely be repossessed unless you make up the missing payments and penalties.

Why is the mortgage loan application process longer and more involved than that for consumer loans?

The application for a mortgage maybe more involved than for other forms of loans, and accuracy and completeness are essential. Unlike many small consumer loans, for which a quick credit check is sufficient, every detail of a mortgage application will be evaluated carefully. Missing, incomplete, or wrong information will delay the process at the very least and may result in denial of the loan.

What does take a default mean?

Sports- lose by not playing

Accounting term- behind on payments on a loan

What documents are required for home loan application in India?

To avail a home loan from an Indian Bank you will have to submit your personal, financial and bank account details along with ID,Age,Address proofs.

When does the hr block emerald advance start for the 2012 year?

Emerald Advance started yesterday, Friday 11-16-12. It is available for returning and NEW clients.

What is the formula to calculate servicing fees on mortgage loans?

Pretty sure it's I=PRT. Interest equals principal, x rate x time. Then the interest is added to the principal loan. Or maybe that's just to figure out you monthly payments. Servicing fees are usually different percentages, accordingly.

What is responsibility of a co-signer for an apartment?

Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.

Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.

Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.

Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.

Does the spouse have to sign the mortgage in PA-Hubby is the one on the mortgage but bank states wife has interest in property so she must sign. Does that mean she has to be a co-applicant?

Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.

The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.

Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.

The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.

Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.

The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.

Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.

The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.

How is the interest on a loan calculated?

The interest on a loan can be calculated in one of two ways - compounding or simple. Most loans in the U.S. are compounding loans, meaning that the interest is added to the principle each month before the new interest amount is calculated.

What if you signed mortgage but not promissory note?

If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.

If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.

If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.

If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.

What happens if a co signer on a car loan passes away?

The surviving borrower is solely responsible for paying the loan.

The surviving borrower is solely responsible for paying the loan.

The surviving borrower is solely responsible for paying the loan.

The surviving borrower is solely responsible for paying the loan.

Can a equity loan get audited for predatory lender?

If you feel you are a victim of predatory lending then by all means it should get audited