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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
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
How do you calculate 4.75 percent daily interest paid on a home equity loan over 8 years?
You can't. In order to make the calculation you need to know the amount of the loan, the interest rate, and the length of the amortization period. You're missing the amount of the loan.
Almost all banks offer different interest rates for different tenures. The lowest interest is always offered for the short-term loans.
you will get the lowest interest rates for tenures up to 5 years. This will progressively increase as the term increases.
All banks offer floating rates and fixed interest rates loans, too.
A floating rate loan means that the interest rates prevailing will be applicable. So, if the interest rates go down your EMI will also reduce proportionately and vice versa.
A fixed interest rate means that your EMI is fixed and will remain unchanged despite fluctuations in lending rates.
Most experts feel that interest rates in USA are on their way down and so a floating rate is the best option.
But even experts cannot predict 10 to 15 years into the future.
So if you are going in for a longer tenure, a fixed rate option may be worth looking at.
Also banks offer loans on annual rest, monthly rest and even daily rest.
Annual rest means that your interest is calculated on an annual basis. This is the worst option as your repayment is accounted for only once a year.
The daily rest option is the best, though all banks do not offer this. What this means is that the moment you pay, it is accounted for and interest is only calculated for the balance amount of your loan.
Can you apply for a new personal loan when you have had a bankruptcy in the past 4 years?
Yes, you can apply.
Whether your application will be approved or not is uncertain, but if it is, the interest rate will be higher than normal.
What loan is best to pay off the balance of a home equity loan after the sale of the house?
There should be no balance. The sale of the home will probably wipe out the balance of the home equity loan if there is negative equity. Depending on your state, a home equity loan lender may ask for funds from the seller in order to release their lien, especially if the the funds for the home equity loan were used for non-home improvement items. The lender may ask for funds from the seller in order to release their lien in these cases. Can they legally? Possibly. There is a federal forgiveness bill that was passed as far as taxation goes, but there is criteria that has to be met.
Are there mortgage lenders who will refinance after a chapter 13?
Yes. An FHA loan currently has a 1 year waiting period after the payout period. All trustee payments must have been on time, as well. Best of luck. FNMA conventional is a 2 year wait, and there may be some down payment criteria depending on the lender preferences.
The mortgagor should make certain they are fully informed regarding the provisions and consequences of reverse mortgages. Once granted and in operation, the amount owed grows rapidly. If this option is the only option open to an elderly homeowner the reverse mortgage may be practical, however, all the terms and conditions should be fully understood.
The mortgagor should make certain they are fully informed regarding the provisions and consequences of reverse mortgages. Once granted and in operation, the amount owed grows rapidly. If this option is the only option open to an elderly homeowner the reverse mortgage may be practical, however, all the terms and conditions should be fully understood.
The mortgagor should make certain they are fully informed regarding the provisions and consequences of reverse mortgages. Once granted and in operation, the amount owed grows rapidly. If this option is the only option open to an elderly homeowner the reverse mortgage may be practical, however, all the terms and conditions should be fully understood.
The mortgagor should make certain they are fully informed regarding the provisions and consequences of reverse mortgages. Once granted and in operation, the amount owed grows rapidly. If this option is the only option open to an elderly homeowner the reverse mortgage may be practical, however, all the terms and conditions should be fully understood.
Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.
Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.
Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.
Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.
Can you get a personal loan bad credit low income no co signer?
Unfortunately, if you are in this position, borrowing any further money is going to just sink you deeper in the hole. You are borrowing money at a high rate and it is not money it sounds like you can pay back. Cut your expenses (cell phone, cable, gas, eating out) and/or get a second job to make your situation better. The Tightwad Gazette, MSN Money are two sites that can help you find your way.
What does hazard insurance mean in a mortgage?
It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.
How do you write a letter of intent to get your name off of a mortgage loan after a divorce?
You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.
You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.
You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.
You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.
You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.
You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.
You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.
You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.
Does account balance mean how much money you have left to spend with financial aid?
it means A balance of payments sheet is an accounting record of all monetary transactions between a country and the rest of the world
Can private student loans garnish your income taxes?
Yes, they can and if you don't call them to take care of it, they will. I have seen it happen to more than one person. They will give you a chance to get your loans out of default, but if you move wrong, you will lose that privilege.
How do I know if I have Mortgage insurance?
i have mortgage and homeowner insurance and fidc risk insurance
What is the difference between a loan officer and a loan processor?
A loan officer is the initial point of contact to start a loan. They will gather all the information from the borrower and discuss various loan programs offered. The loan processor takes all the information and verifies through documentation in order for the loan to go be passed off to an underwriter who will make the decision to approve or deny the loan.
Why are two thirds of the people fat and half of them obese?
Because they love food, they say it isnt there fault and there only a tiny bit true but if there insecure then why dont they try and lose the weight, Or simply because there greedy
It really depends on your set of circumstances and if you have the financial credentials to qualify for a mortgage and additionally afford one. No one should get a mortgage if they will not be able to afford it later down the road as that will lead to financial disaster.
For this reason, it is always a good idea to get in contact with a reputable mortgage company that can help guide you in determining whether or not if you have the proper income and background to qualify for a mortgage. The company will ultimately be your fries of nd during this process and will only lead you in the proper direction. Like most aspects of life that require money, it take careful planning, sound advice, and proper guidance.
Who pays taxes on a reverse mortgage home that is no longer lived in?
The owner of the property.
The owner of the property.
The owner of the property.
The owner of the property.
Is minor eligible for loan against deposit?
No. Minors are not eligible for loans as individuals. The only loan they are eligible for is an educational loan, that too will be granted only if an earning family member applies for the loan as a joint applicant. Loans are usually granted only to individuals who have an income and have the capacity to repay the loan.
