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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

Does it make a difference if you pay extra payments on a mortgage monthly or yearly?

Yes, because the earlier you make extra payments the less interest you pay. So if you pay $200/month extra each month this year, that is better than paying $2400 at the end of the year.

Is payday loan legit?

In most cases, yes it is legit. There are some states (Georgia) where it is now, and every state has its own qualifications for how the payday lender operates. If you are unsure in your area, I would recommend checking with your states' laws.

What is benevolent loan?

This is a loan extended on a goodwill basis, and the debtor is only required to repay the amount borrowed. However, the debtor may, at his or her discretion, pay an extra amount beyond the principal amount of the loan (without promising it) as a token of appreciation to the creditor. In the case that the debtor does not pay an extra amount to the creditor, this transaction is a true interest-free loan.

Need a military loan but cant get one from Pioneer or Omni Anyone know of any other lenders?

World Finance, Military Financial. (Interest is high but they're very fast with the money. Armed Forces Loan (they will start you up for 500 then after you pay it off it will be 1000) depends on your credit, US military Lending but there's so much paperwork that needs to be faxed. If you're patient you can try it.

Where can you find a legit bad credit loan?

Well, today there are a lot of lenders who provide personal loans even for people with bad credit score. Besides, such loans can be available even on the Internet as there are a lot payday loan companies which perform no credit check loans and, therefore, low or bad credit score is not a hindrance for online lenders.

Can you sue someone if they stiffed you on a car loan even if they don't have no job?

You can if you are willing to pay the legal costs. There is an expression for this situation: "You can't get blood out of a turnip!". It means that if there is no money to recover, you can sue all you want to, you still will be unpaid. You may get a judgement, but will have to wait a long time to get the money owed you. If the loan was secured by a lien on the car, you can and will likely receive the car as a settlement.

Is USDA doing loan modifications to help stop foreclosures?

Yes. The USDA have some modifications and actions done to prevent and stop foreclosures.

Are there any legitimate lenders that deal with bad credit?

Yes. However, they know that bad credit means they're taking a risk, and they will set their interest rates accordingly. Expect to pay the absolute maximum interest rate allowed by law, and further expect an extremely low credit limit so that if you do default they're not out all that much.

If by "legitimate" you meant low interest, no annual fees, and unsecured credit limits in the thousands of dollars... then no, there probably aren't.

Who is The best lender in the us?

Determining the "best" lender in the U.S. depends on individual needs, such as loan type, interest rates, customer service, and specific financial situations. Some of the top lenders frequently mentioned include Quicken Loans (now Rocket Mortgage) for its user-friendly online platform, and Wells Fargo and Bank of America for their comprehensive services. It's essential for borrowers to compare offers and read reviews to find the lender that best fits their requirements.

How many years do you have to pay back your student loan?

It varies from person to person. It really depends on how much you borrowed in loans and how much you can afford to pay back at a time. Student loans do not have to be paid until 6 months after you have finished school and the payments are usually cheap i.e. $25-$50 a month. Of course it would be easier to pay more at a time to get rid of the payments quicker. You can also contact the company you borrowed from if you need to defer your loans and they will provide the different deferment options available. Hoped this helped!

What is the Federal National Mortgage Association?

The FNMA became a government-sponsored private corporation through Title VIII of the Housing and Urban Development Act of 1968. It is responsible for secondary mortgage operations for home mortgages

What are individual trusts?

Individual trusts act in several capacities including executor, administrator, trustee, guardian, conservator, custodian, and conservator in lunacy

Do banks make money off services?

Banks also generate revenue from such services as asset management, investment sales, and mortgage loan maintenance

How do Morris Plan loans work?

Morris Plan loans are made on a monthly repayment basis, with the first month's installment deducted from the face value of the loan and the remaining balance

How does the Farmers Home Administration operate?

The applications are reviewed and approved by a local committee that is composed of three people, at least two of which must be farmers. The money for the loans and grants made by the administration come from appropriations from Congress

On what terms are automobile loans made to the consumer?

these types of loans are typically made by banks and finance companies. This type of consumer lending typically has a maturity of 8 months, although maturities of 60 months and longer are not uncommon.

On what terms do Production Credit Associations provide loans?

As primary lenders, the PCAs sustain all losses to the extent of available resources. The PCAs have adopted mutual loss sharing, participating loan plans, or both, to spread their risk.

Under what auspices do loan brokers offer their professional services?

Though they are self-employed, some brokers act as agents, working only for a single lender. Such agents and brokers usually operate on 100 percent commission, but may also receive health benefits or application fees

What are the advantages of portable mortgages?

A borrower who moves to another house may take this loan with him without paying additional points. In the event that a borrower needs additional money, they are added to the loan at the prevailing rates,

What are the features of adjustable-rate mortgages?

Lenders, buffeted by interest rate risk, looked to shift the risk to the borrower. In exchange, they offered borrowers a lower initial rate

What are the terms of a chattel mortgage?

the buyer signs a promissory note, secured by the product, that constitutes a promise to repay the debt. The mortgage will typically contain an acceleration clause

What conditions are attached to home equity loans?

These loans generally are tied to the prime rate, and may be tax deductible. They are usually revolving lines of credit with little standardization

What is the advantage of a convertible adjustable-rate mortgage?

This type of mortgage vehicle gives the borrower the benefit of a low initial rate with the option to refinance to a fixed-rate mortgage at about half the typical refinance cost.

What is the advantage of shorter term mortgages?

The higher monthly costs make the 15-year loan available mainly to affluent borrowers. This has helped keep default rates low, making it a good intermediate term asset for portfolio lenders and attractive to investors

What is the role of a loan broker?

He may represent either party, and he does not take possession of goods or property or deal on his own account. The broker receives a fee or commission from one or both of the parties that is usually based on a percentage

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