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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
How do you open a personal loan company in Texas?
You need to consult with an attorney who specializes in business law.
How does the fed encourage banks to loan more money?
The Fed encourages banks to loan more money by:
- Reducing the Cash Reserve Ratio (Money that needs to be deposited with the fed by every bank) This way banks have more cash to lend and hence they loan it to customers
- Reducing Interest Rates - By reducing interest rates, loans become cheaper thereby prompting customers to take new loans which encourages banks to lend more loans in order to gain new business
What are pros and cons of reverse mortgage?
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.
What is subordinate second mortgage?
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.
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.
Can you sue your mortgage company for not closing your loans because interest rates go up?
Highly unlikely!
Look at your contract and you will see a variable rate mortgage is structured to do exactly that... vary.
If the mortgage company "closed" your loans you would be without a mortgage and therefore without a house, unless you paid off the loans.
Unless your contract for some reason stipulates that your loans terminate when interest rates go up, which would be very weird, you simply must pay a higher interest rate or default on your loans. In which case the lender would take your house.
That's why a variable rate mortgage is a very dangerous way to buy a house.
The best thing to do, if you can, is refinance into a fixed rate mortgage while current rates are low.
Can a collection agency issue a warrant for a payday loan check that went back?
If a Payday Loan company hires a collection agency to collect on your account they can send your account to an attorney to collect the amount of the loan and any NSF fees that you have accumulated. However, it is stated at the bottom of your contract that if you close your checking account that the loan is made from, that you can be charged with fraud.
Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
Are Jackson hewitt doing the money now loan for the 2010 tax season in early Jan 2011?
Will jackson hewitt do the holiday loans this year2011 for the 2010 tax year
Is Patriot Mortgage Solution a good company to deal with?
Patroit mortgage and NL loan servicing are SCAMS! I had the pleasure of dealing with them! They wii take your money! OR they will Demand payment before they SCREW you! I had the chance to work or got played! the person I was contacted by was DREW STEVENS if that was he real NAME! Started out we can help you. but got it in the BUTT BAD! to make a long story short my house went up for sale on 4-28-11! THEY will not return my calls or Emails or faxes! So what does that mean! Would a good company act like that! I have been trying to get my money back but they will not answer the phones, Take my advice STAY AWAY!
How long is the mortgage loan process?
From beginning to end mine took two weeks. But I'm sure it varies widely depending on the needs of the individual and the mortgage company
How do I get the car loan out of my name when I sell it to some one?
You cant. The loan in your name must be paid off by you. So if you plan to make any money off your car you will want to sell it for more then what is still owed.
The disbursement of a loan is when the money borrowed is given to the person who took the loan out. In the case of a federal student loan, the money is given (disbursed) directly to the school so that the money is spent on school expenses first. Any amount over the cost of tuition, fees, etc. will be sent to the student as a refund.
Can second mortgage lien holder foreclose on your home after bankruptcy is closed?
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.
Can you take your name off the lease if someone plans on moving out?
Only the landlord can take a name off a lease. Until then the signing parties are bound by the contract.
