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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

Who are non institutional Lender?

Non-institutional lenders are individuals or organizations that provide loans without being part of traditional financial institutions like banks or credit unions. They include private lenders, peer-to-peer lending platforms, and hard money lenders. Often, they are more flexible in their lending criteria and may focus on specific niches or types of borrowers, such as real estate investors. Non-institutional lenders typically charge higher interest rates compared to traditional lenders due to the increased risk they undertake.

What is the mortgagee clause for PHH Mortgage Corporation?

There are several different mortgages available. Each type of mortgage has dozens of different clauses. A mortgage clause can be a remedy to a specific situation.

What is the phone number for Bank of America insurance department for home loans in fort worth Texas?

Updates/Changes to Insurance Policies:

Phone: 1.866.265.3321

Payoff Demand Requests:

Phone: 1.800.669.5833

Does being a co applicant affect your credit?

No it helps it if you make timely payments.. but you are equally responsible to repay the debt. Also, it takes away from your available credit so make sure it is something you really need to get in debt for. If you mean co-signor, YOU are responsible for all the debt and it goes against your credit entirely even though the other party is "supposed" to be responsible.

"Affect" doesn't necessarily mean something bad. Yes, being a co-applicant affects your credit. If you are a co-applicant, it is usually affects your credit the same way it would if you were the only applicant. If the loan is repaid in a timely manner, it affects your credit positively. If the loan is paid back in a non-timely manner, or if it is defaulted on, it affects your credit adversly.

How APR impacts choice of loans?

APR affects the value of loan repayments because it's a percentage of the total loan repaid on an annual basis. A low APR makes repayments cheaper than a high APR.

When you're buying a car and your credit it bad does the car dealer have to pay the bank a fee to buy your loan?

Yes, In some cases. If you are only capable of being financed by a sub-prime

or secondary lender, there is a fee or comparatively a closing cost to secure the

funds necessary to finance that loan. Unfortunately you may have not to many

options as far as the vehicle on the lot you get to take home. The vehicle will have to be able to absorb the cost to finance as well as fall in the criteria, age, mileage and price in which the lender will be willing to finance. this is not an easy feat and can be discouraging. The dealer will not tell you there is a cost associated with this purchase because of the truth in lending laws. Good luck

Is it best to pay off a bill of seven thousand or to put the money in savings?

It would be better to pay off the bill. Once you pay off the bill you donÕt need to worry about it and all the extra money you save by not paying interest on that money can go into a saving account.

What happen when you have a title loan and the car gets booted?

It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title

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.

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.

What is house loan?

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.

Can a mortgage company sue for the entire amount of a second mortgage after foreclosure even though they received money to cover the first and some of the second after the sale of the property?

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.