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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
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.
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.
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.
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.
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.
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 .
Do you still pay a mortgage if your house burns down?
no you dont. the bank takes into consideration that there is no longer a house standing and excuses from the mortage providing you have good credit.
What happens if a couple divorce and husband's name is not on mortgage documents or deeds?
If the property was purchased in a community property state during the marriage and the husband did not waive his rights, he may have ownership rights to the property. If not, then he may not have an ownership interest in the home. Either way, he does NOT have financial responsibility for the mortgage debt unless otherwise ordered by a court. It is possible for someone to have ownership rights to a home and no legal liability for its financial encumbrances.
Can you get a home loan with a 622 credit score?
You can get an FHA loan with a 622 score, FHA loans have lower credit requirements than traditional loans. You should go to The Lenders Network they will be able to refer you to a couple lenders that can help you out. Hope this helps.
What happens if you don't have money to pay back a school loan?
Get call/write the lender. You can lower payments, get a deferment, or consolidate loans. They will put it to collection and you don't want that. They can take your tax refund, social security payments, garnish wages, and ding you on the credit report. You can not discharge a student loan in bankruptcy. Work with your lender before you have some of the above happen.
