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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

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

Can you cosign multiple loans?

yes, as long as your credit is good enough for the respective loans.

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.

What is disbursment of loan?

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 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.

Can you get a loan for the full amount of your tax anticipation refund?

This is purely down to your bank and their underwriters decisions. I worked for many years as a bank underwriter and would often lend someone a set amount of money for a set amount of time should proof be given that the amount is due.

i.e If someone had a letter confirming they are due 5000 that was genuine and it was due to credit in 1 month I would lend them up to 5000 for the 1 month period, more of an advance than a loan but still treated as such.

Is quicken loans okay?

NO! Any company that dose business and supports TRASH, the likes of Rush Limbaugh is asking for a major boycott by consumers. Notice is served.

When is a co signature required for a car loan?

Whenever the lending institution wants one. Basically, if the primary applicant has no credit history, or a poor credit history, lenders may require that someone with a longer/better credit history cosign.

How long before you can get a co signer off auto loan?

You remain as a co-guarantor until the loan has been repaid or refinanced in the name of the primary borrower.

What happens when you lie on your car loan paper work?

Most lenders will verify the majority of the information on the credit application and pull a credit report on you. As far as finding out, after the loan is done, that you lied on the credit application, there really is nothing that will be done unless you fail to make the payments.

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.

What can be done about a bank that has contacted a person about a loan that is not listen on the loan?

The person contacted should inform the bank that they are not involved in this loan and that if the bank's information shows them as being involved then this would be identity theft. If the bank is trying to track down a person who signed for the loan but has defaulted or otherwise walked away from the debt, the person contacted should respond with the truth - either this person doesn't live here and I don't have contact information or with the contact information that the person has on the defaulter.

If a bank is calling repeatedly after being told that the person being contacted has no information, this would be harassment and should be reported to either the police or the BBB.

Can you take out a life insurance policy on a stepparent?

Only if you get written permission from them in a well stated contract.

Can one apply for home loan without co applicant?

Yes - if you have enough income in order to meet the monthly loan repayment amount.

Ex: If your monthly income is Rs. 50,000/- and you are asking for a loan of Rs. 20 lacs which would work out to an EMI of around Rs. 20,000/- you will be able to get the loan all by yourself without a co-applicant.

A co-applicant is included in cases where the loan applicant does not have enough income to meet the monthly EMI payments himself and the addition of the co-applicants income boosts his loan eligibility and also the chances of him getting the loan.

Should you pay tithe on a bank loan?

I do not think so. The idea of tithe could be considered in relation to fruits and harvests. If we distinguish between a fruit and a seed, then a loan is not yet a fruit. It is a seed that is yet to be planted and to bear fruits. It's out of the the fruits that tithes would be paid.

Loan is not income. Loan is not even taxed by the governor. I do not see how God would even want to accept tithes out of a loan. A loan is not an earning as yet until it bears fruits.

What are the accounting entries for non accrual loans?

Debit- Interest income

Credit- accrued interest, but uncollected

If ALLL accounts for accrued interest, for prior periods you can debit the ALLL, credit accrued interest, but uncollected.

Can you get a home equity loan if your job pays you in cash and have no pay stubs?

no you cant. you need proof of income. you can have your boss make you pay stubs and they might accept those

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