Loans

you dont

Collateral

I know that it is a way for people who have built equity in their home when it is paid off to get money for living expenses etc. Like for elderly people with medical bills etc. If they have no other income and need the money. It is like taking out another mortgage again, because then the home isn't really paid off any more. When they decide to sell the home, money will be owed on it again.

Deeds of Trust (mortgages) have a position on title based on seniority (1st, 2nd, 3rd). So if a new 1st mortgage wants to go into first position in a refinance transaction but there is already a 2nd mortgage, they must ask the 2nd mortgage to allow them to go ahead of them on title. The 2nd mortgage lender will review the proposed loan, and either approve or deny the request. This is most common when a borrower wants to retain the terms of the 2nd mortgage or they do not have enough equity to borrow a sufficient amount in the new loan to pay off the 2nd mortgage.

yes they do, there is an Internet hoax based on the fact some government employees get a part, up to 60k , paid for but no elected official or their family members are eligible. Check with Snopes, Breakthechain.org etc.

That depends on several additional pieces of information you didn't include in your answer, notably interest rate and length of the loan.

As an example, a 30000 mortgage at 4% for 15 years would have a monthly payment of $221.91.

Please provide the additional details on your loan terms for a more accurate answer.

They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back.

Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.

You must discuss that matter with your lender.

Every two weeks.

30 is the "term" in years of the mortgage. You will have a schedule of monthly payments that you will pay over the 30 year term. Most of the upfront payments will go to pay the interest on the loan. For more examples of amortization (payment tables) visit the Mortgage Calculator in the related links.

It would be the Goverment

when are doing holiday loan express

The principle that the electric charge of an object must be part of a divisible basic axiom.

No. It is a common tactic amongst unscrupulous payday lenders to make threats that they cannot enforce, and in fact, it is illegal for them to make such threats. They are well known for threatening arrest and impersonating law enforcement during collections. Often, these payday lenders are not even located inside the US. Any lender should be licensed in your state. Chances are, internet payday lenders are not licensed at all, which makes their loans unenforceable. Even if a lender is legitimate, and you default, you cannot be charged with a crime for simply failing to pay. They may try to tell you that you have violated some wire-fraud or bad-check crime, but you have not. If your state allows payday lending, then they may possibly sue you in civil court for default, just like any other lender.

Presuming that you're talking about lending terms and conditions, collateral is important for several reasons. First of all, it proves to the lender that you are of good faith and truly believe that you have the both the capacity AND the willingness to repay the debt. You may be able to "talk" a smooth game and convince the lender why you're a good credit risk, but collateral is putting your money where your mouth is, so to speak. It's a trade-off wherein the bank will front you the cash in exchange for pledging an asset of a certain value. It ensures that you, as the borrower, have skin in the game. It provides leverage to the bank if your financial situation gets rough to ensure that you don't walk away from your promise to pay.

Furthermore, conventional banks require collateral because they are fiduciaries of their depositor's money and they operate on very thin profit margins. Banking at its core is taking depositors' checking accounts, savings accounts, and certificates of deposit, and lending that money back out to borrowers. To ensure the safety of those depositor's money, banks require collateral to minimize the risk of principal loss in the event that a loan goes bad. Also, core banking (paying interest to depositors and collecting loan interest from borrowers) has a very thin margin. Typically this is about a 4% margin. So, it is very important that banks are conservative with their lending standards (ie requiring adequate collateral) because losses from only a few bad loans can very quickly eat away their profit margin and start to threaten the safety of their depositor's funds.

These reasons are also why loans with collateral typically bear much better interest rates. Unsecured loans, or loans without collateral, typically have much higher interest rates. For example, credit cards are a form of unsecured loans. They can average anywhere from Prime +5% to Prime + 15% (8.25% to 18.25% as of present date), depending on your credit history and income.

If you deposit your money with a bank, you should expect and hope that they have adequate collateral guidelines in place for borrowing money. Otherwise, you could be one day waiting to get your money back from FDIC insurance proceeds after the bank fails.

You can refinance the line with a fixed rate loan, or negotiate with the lender to freeze your credit line and fix the rate. They may or may not grant this request.

HAMP is Home Affordable Modification Program which was started in 2009. It's for people who have more than 31% of their gross income devoted to paying their mortgage. Home owner may be eligible to receive a discounted interest rate, mortgage principal or payments.

It depends on the situation. In many cases they can take you to court and get a judgement against you. That would allow the bank or other institution to seize your property ( house, cars, etc.) and sell them to raise money to repay the debt. They could also garnish your paychecks.

You need to seek professional debt counseling or you're going to lose everything. Get some professional help.

A loan you take out which is usually repaid within 1-4 years.

No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.

The short answer is yes they can because once the bankruptcy is discharged you no longer are protected for debtors who wish to collect on a debt.

I'm not sur bout dat either

Only the landlord can take a name off a lease. Until then the signing parties are bound by the contract.