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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 if other spouse can not pay mortgage when the other spouse dies?
Then the house needs to be sold.
How is an unsecured loan different from a secured loan?
Secured Loan: A Secured Loan is a loan, in which a person has to provide an asset such as gold/property as collateral to the lender. This type of loan is favorable for those borrowers who need finance at low interest rate and for longer duration.
Unsecured Loan: In an Unsecured Loan, a person does not need to give any security to the lender. In this, what matters the most for the lenders is the credit rating and repayment capability of the borrower. This is good for borrowers such as tenants, non home-owners etc.
A promise or obligation to pay to another a certain amount of money which has no collateral?
unsecured debt
What happens to second mortgage in foreclosure?
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
Can a car loan help your credit score?
Yes it can if you keep the payments up, on time. Your bills for rent, electricity, phone and so on are also a big part of your credit score. Your credit score can be a little complicated but, for the most part, if you pay your bills on time your credit score will be a good one. Probably the most complicated part for average people is a credit card. If you have a credit card and your balance always runs pretty close to your credit limit, your credit score will be lower. On the other hand if you owe 10 to 15 percent of your limit it shows that you know how to manage your credit.
you still need to pay companies or firms that takes over control from the previous company
Housing loan is actually different from mortgage loan. It is a loan that is taken to purchase or construct a house. It may appear the same, but mortgage loan includes loan that is granted again security of a property.
It is money borrowed from a licensed money lender or a financial institution primarily a bank. This consist an adjustable or fixed interest rate and payment terms.
Is mortgage better than a loan?
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
When is one third bigger than one half?
There isn't any way that one third can be bigger than one half.
1/3 = 0.33
1/2 = 0.5
and 0.5 > 0.33
How do you pay off your mortgage loan faster?
You could start making payments on a bi-weekly schedule which would greatly reduce interest and cut the loan life down dramatically.
OR
You could refinance into a lower rate, creating a lower payment, and continue to pay your current monthly amount thus paying down the principal.
OR
You could refinance into a shorter term mortgage (10yr or 15yr fixed for example) assuming the lower rates will help offset the increase in payment.
It really comes down to weighing out the options and choosing based on your specific scenario.
Can a payday lender garnish your wages in Texas for not paying the payday loan?
No Lenders must utilize due process to have a judge order a garnishment first per the FTC. The payday lenders cannot just send a garnishment order to your hr dept without a court order first. Read more in the related links below.
Does a HELOC loan have to be paid off if selling the house?
Generally speaking, yes.
It gets a little complicated in certain cases, because certain debts have a higher priority than others, but all debts, including the HELOC, must be paid off before the seller receives any money at all from the sale, and except in the case of a bankruptcy, the lenders are entitled to attempt to recover their losses if the house sells for less than the total amount of secured debt.
Do you own the house if your name is on the deed but not the loan?
Well i don't know much about loans but i can say that the one who pays the EMI's of the complete loan of the house naturally the house will belong to him.Let us take an example of joint loan:Suppose a joint loan is taken by a mother and a son but the mother is unable to pay it's one of the EMI so his son pays the all the loan then it is quite natural that the house will belong to son only.
How do take a loan on your life insurance?
when u first get loan , it has insurance on it, been paying on it til loaner has passed away. does that insurance expires before loan paid off or til it paid off. loaner died jan 30 2012 and loan is paid off 2/14/2014
The problem is that you haven't really defined your terms. It makes a difference whether "a little behind" means "the next day" or "two months late." It also depends on the precise terms of your loan contract.
In general, the contracts are written so that technically the mortgage company can begin foreclosure proceedings if you're late at all. However, foreclosure is enough of a hassle that most do not until you've missed at least two payments, and even then, making up those payments (along with late fees) is usually sufficient to stop the foreclosure.
I am a Realtor in Northern Virginia but I am not an accountant nor a lawyer, but I must say if this actually has happened to you, I would recommend seeking legal counsel ASAP! It is the original lenders obligation to notify you of the change in servicer and thus the money you paid them must be returned since the loan was sold. I must ask though, did you receive a letter from another servicer/bank stating that your loan has changed hands? If you paid on time and have proof of all payments you made to the original you may have a big case on your hands. Who is it that is trying to foreclose on you, the new bank? If this is the case you need to spend some time on the phone with both banks and threaten to sue if they do not return the money you paid them. The issue now is that you have probably incurred penalties which you may not be able to pay back on your own. I do not know what your financial situation is, but again this is why I would consult with both banks but with a lawyer first. There are a lot of variable at play here and you could be accused of not opening your mail or returning phone calls. Gather all the possible proof you have regarding payments and any other documentation you may have. My professional opinion is that you should be ok and be able to keep your home if you take the correct steps to rectify this unfortunate situation. I would also contact your local government regarding fraudulent activity, but know that you have a fight ahead of you. When most people pay their mortgage they receive a statement in paper or they pay online each month and if that is the case then you have proof that the original bank was trying to scam you into paying them for a mortgage they already sold to another bank. Call a Real Estate Attorney!
Do they back track your bank account to approve loan?
Yes all the financials including the bank account are checked to approve the any kind of loan, where the bank gets to know the default ratio of the person (if any), even the Cibil rating are also checked .
Does a spouse have to sign for a reverse mortgage?
At the moment there are very few investors willing to purchase reverse mortgage loans with a non-borrowing spouse due to the AARP / HUD lawsuit. It's advised that both you and your spouse go on the loan together as the reverse mortgage becomes a balloon payment when the last surviving borrower passes.
Some helpful reading on this topic here:
Reverse Mortgage with Spouse Under 62 Leaves Vulnerability
http://www.allrmc.com/blog/reverse-mortgage-with-spouse-under-62-leaves-vulnerability
What is no credit car loan means?
Auto loans for no credit people tend to be unguaranteed and there's no have to place the beneficial resources because the security from the loan quantity. For these kinds of loans the particular guarantee will be the car by itself.
The loan sum is dependent upon the price of the actual car along with other aspects. The co-signer with good credit report will help the particular borrowers with no credit report to find the greater loan amount ad the actual low interest rate. The actual co-signer gets the particular guarantor for the actual loan quantity given to the particular borrowers.
The actual loan term is available in 2 types. Long-term loans have got low interest rates. Short term loans have got increased rate regarding interest compared to long term loans. Loan expression additionally depends on the particular loan amount and the repaying ability of the borrowers.
Auto loans for no credit people possess some standards for the actual borrowers. The actual lender would like the borrowers with a set job and income. The particular borrower must have a legitimate bank-account and correct paperwork demonstrating the particular client's personal information.
