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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
Do all mortgages have to be paid monthly?
No, they can be 2x times a month, 1 in 2 months and adjustable.
Would a promissory note be null and void if nothing was ever lent or borrowed?
A promissory note is an unconditional promise to pay a fixed amount at a fixed time accruing a fixed interest thereafter.
Promissory notes differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists. In common speech, other terms, such as "loan," "loan agreement," and "loan contract" may be used interchangeably with "promissory note" but these terms do not have the same legal meaning.
So the answer depends on whther this is a true promissory note or an instrument that was created to memorialize a transaction that wasn't completed.
ClarificationThe answer is that if there is a fully executed promissory note then it can be enforced in court. A fully executed promissory note is absolute evidence that the borrower owes the lender. A defense that the borrower never received the money would be difficult to prove. If the funds were not transferred to the borrower there should not be a fully executed promissory note.
First, the promissory note should only be signed by the borrower at the same time the funds are handed over. Second, if one was executed and the funds were not paid over to the borrower then the promissory note should not be signed by the borrower and if signed, it should be destroyed since the loan was not completed.
Is a home equity loan better then refinancing?
A home equity loan like a second mortgage usually has a higher interest rate than a primary mortgage because it stands second in line in case of a foreclosure and doesn't get paid unless there's money left over after the primary mortgage is paid off. The origination fees are usually much lower than for a primary mortgage. I suppose the answer is that you should run the numbers for both ideas and find out which one is less expensive for your particular situation. For a proper comparison run the numbers financing all the loan origination fees (adding them to the loan principal) and for the same end date.
How do you get your loan number for repayment of your home loan?
You ask the people who are servicing the loan. Presumably you're asking because they couldn't supply that information. There are loans that have changed hands in poorly documented groupings and are being "serviced" by the wrong company for the wrong mortgage holder rather than the one that actually hold the mortgage all of which eventually becomes a nightmare for the homeowner when the mortgage holder says they never received one or more payments. Make them straighten out the mess before you try to pay off the note.
Which payday loans accept starter checks?
Lenders actually require a checking account and routing number. Storefront lenders will accept starter checks as well.
David Schmidt, PLDR
What are the differences between a reverse mortgage and a home equity loan?
A reverse mortgage and home equity loan are often done for very different reasons. A reverse mortgage is only possible for seniors as there are age restrictions on this type of loan. Therefore, the reason behind a reverse mortgage is to generate some extra income in the retirement years. With a home equity loan, you can take one out at any time for almost any reason.
A home equity mortgage is a line of credit based on the amount of equity a borrower has in their property. The borrower must make monthly payments on the balance due. Any property owner can apply for an equity line of credit.
A reverse mortgage is quite different and is restricted to property owner's who are at least 62 years old. This is a loan against the value of one's home. The lender makes monthly tax free payments to the borrower. If the borrower decides to sell the property the loan must be paid off. Otherwise, the lender takes possession of the property after the owner dies. The initial fees and costs associated with a reverse mortgage can be very high and borrowers should make certain they are fully informed before signing.
Will a mortgage company typically allow one borrower if the property is titled in two names?
All the owners will need to sign the mortgage so the lender can take possession of the property by foreclosure in the case of a default. Only one can sign the note agreeing to be responsible for paying the loan if the lender agrees.
All the owners will need to sign the mortgage so the lender can take possession of the property by foreclosure in the case of a default. Only one can sign the note agreeing to be responsible for paying the loan if the lender agrees.
All the owners will need to sign the mortgage so the lender can take possession of the property by foreclosure in the case of a default. Only one can sign the note agreeing to be responsible for paying the loan if the lender agrees.
All the owners will need to sign the mortgage so the lender can take possession of the property by foreclosure in the case of a default. Only one can sign the note agreeing to be responsible for paying the loan if the lender agrees.
Is the mortgage on a house pay off upon death?
No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.
No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.
No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.
No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.
To find out the status of your SSS loan check, you should first check your online SSS account or the SSS mobile app for updates. If you don't see any information there, consider contacting SSS customer service or visiting the nearest SSS branch for assistance. Ensure you have your loan details ready for quicker support.
How do you qualify for a reverse mortgage?
To qualify for a reverse mortgage, the borrower must be at least 62 years old, own their home in full (or be able to pay the balance on their home with the proceeds of the reverse mortgage), and live in that home as their primary residence.
Where can you get a personal unsecured loan with a credit rating of 567?
You can absolutely get a loan with this credit score, but bear in mind your interest rate may be very high.
Can an internet payday loan garnish wages in Ohio?
They only can provided that they are legal to operate in Ohio and that they have a judgement against you first. Payday lenders have tried to garnish wages by sending a garnishment notification to clients human resource departments but this is not legal. Only the federal government can garnish wages without a court order.
How long to get a check from mercer for a 401k loan?
Once you make the request for your loan, it takes 2 business days to process the request. Unless you request otherwise, your check will then be mailed by First Class mail to you, which takes another 2-3 business days. You can, however, request an overnight shipment of the check using a UPS or FedEx account number that you provide to Mercer (call UPS or FedEx first to get this setup). All in all, you're looking at 3-5 business days.
How moch interest is on a 5000.00 loan?
You are not providing enough information. What is the interest rate and the term or length of time of the loan?
Do you need to tell your mortgage company if you rent your house?
No, you do not. The deed has a due on sale clause, but no stipulation for renting your home.
Can payday loan companies garnish wages in Arizona?
They can only garnish your wages if they took you to court and a judge ordered the garnishment via a judgement. The lender first off must be licensed to be able to take action against you in court. But the only entity who can garnish your wages without a court order is the federal government. No matter what you signed there must be due process. Hope this helps.
David Schmidt, PLDR
Can you use FHA 203K loan for a second home or investment?
The FHA 203k Loan is currently (as of August 29, 2012) only available to primary resident owner occupants or qualified non profit groups.
What is the importance of bank loan?
It gives people a large sum of money in a short amount of time so that they can make large purchases when they need it, such as a house, car, new business etc. Then allows them to pay it back a little at a time so as not to crush them in debt.
How do you get comsumer finance loan?
There is a large number of people out there saying "I need a personal loan quick but I have bad credit", and they have no idea where to go to get a loan. They know one thing for sure - they're not going to get none from their local banks, because banks are hesitant about lending money to people with bad credit. If you are one of them, you'r win the right place to get a quick personal loan in the next hour or so. this is one of the best ways of obtaining quick cash without credit check, no collateral, no cosigner is needed, so i will advise you to cantact them via email: admin@konomarkloanfirm.cu.cc
Is building insurance require for housing loan?
There is a large number of people out there saying "I need a personal loan quick but I have bad credit", and they have no idea where to go to get a loan. They know one thing for sure - they're not going to get none from their local banks, because banks are hesitant about lending money to people with bad credit. If you are one of them, you'r win the right place to get a quick personal loan in the next hour or so. this is one of the best ways of obtaining quick cash without credit check, no collateral, no cosigner is needed, so i will advise you to cantact them via email: admin@konomarkloanfirm.cu.cc
What are the requirements when you want to apply calamity loan on sss?
There is a large number of people out there saying "I need a personal loan quick but I have bad credit", and they have no idea where to go to get a loan. They know one thing for sure - they're not going to get none from their local banks, because banks are hesitant about lending money to people with bad credit. If you are one of them, you'r win the right place to get a quick personal loan in the next hour or so. this is one of the best ways of obtaining quick cash without credit check, no collateral, no cosigner is needed, so i will advise you to cantact them via email: admin@konomarkloanfirm.cu.cc
