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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

What is the role of the mortgage banker?

The mortgage banker functions in a continuum extending from the seller/builder of the property to the seller's agent, to the mortgage borrower, to the mortgagee (the mortgage banker), and to the mortgage investor

What services do residential mortgage brokers offer?

They represent products offered by the largest financial institutions that are indirectly supported by government sponsored secondary market institutions, such as Fannie Mae and Freddie Mac

How do you execute a mortgage?

The first and most essential step in a lot of regards is to identify and evaluate all your possible options. Find a reputable mortgage company that can help be your guide and advise you on which financial option is best suited for you based off your income and several other factors. From there, it will be much easier to settle on a mortgage option and then you can go through the qualification process. This is where the company will ensure that you do indeed qualify for the option agreed upon by verifying certain credit and income credentials.

Answer

There are forms you can purchase online if you wish to execute a private mortgage. However, it would be better to spend an hour with an attorney who could draft a proper mortgage for your jurisdiction, explain the consequences, have it notarized and have it recorded in the land records.

What is the most likely effect of the Federal Reserve lowering the discount rate on overnight loans?

The most likely effect of the Federal Reserve lowering the discount rate on overnight loans would be an increase in the money supply.

an increase in the money supply

What is the meaning of interest in a loan?

The meaning of interest in a loan means, that the person that loans the money will charge you an extra because of that loan.

Example:

You ask for a loan of 50 dollars and it has an 5% interest.

That means that when you give back the loan you will have to give 55 dollars instead of 50.

How do you fill out for the IADVANCE loan threw Jackson hewitt?

You should seriously check the interest rate they are charging you. Tax refund anticipation loans are a notorious rip off.

Which is greater one half or one third and why?

One half is greater. If some had 100 dollars and they said you could have some of it, would you rather get 50 dollars or 33 dollars and some change?

One half is when the whole piece is divided into two pieces - 1/2 + 1/2 =1

One third is when the whole piece is divided into three pieces - 1/3+1/3+1/3 = 1

So, if you divide something into 2 pieces the pieces will be bigger than if you divide something into 3 pieces.

What does clean loan mean?

It is a kind of loan where there is no primary or secondary security or collateral taken by the bank.

Can you take your name off a car loan if you get divorced?

Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.

What if you have multiple payday loans?

What about having multiple payday loans?

It is usually not recommended to take out more than one payday loan at one time. It doesn't matter if they are all from the same lender or from all different lenders.

The fees and interest will grow and grow and it will get to be increasingly more difficult for you to pay off all of the loans.

If you have multiple payday loans and are wondering what to do about it you should first contact the lenders for each of the loans and ask them exactly how much you owe. Then, look at your own finances.

Pay off as big of a chunk as you can on each loan you have, then make monthly payments of as big of an amount as you can afford until each payday loan is paid off.

Payday Loan offers to take multiple loans at a time. It's not good to have multiple Payday Loans at one time. If you take more than one payday loans from the same lender, then you have to pay interest for every payday loan. So it may affect your credit and you may can't able to pay interest for all payday loans. For more information of payday loan services here I give you resource link, you find there plenty of information regarding payday loan. If you want more information just reply me I will resolve your problem up to my knowledge.

Can a buyer take a co buyer off a car loan?

Only the lender can take a party off a loan. Generally, a loan must be paid off and refinanced to convert it to one person's name. If both parties are on the certificate of title, one party must voluntarily give up their title to the car by signing the title over to the other party.

What is the rate of interest that banks charge on loans to their best customers?

PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks

Is Quicken Loans Refinance a scam when it is for free?

when you get a call that is not blocked but straight through it is toll free

How do you get a car loan without credit or job?

it is very hard to get a car loan unless you show you are bringing in some type of income.. you may have a chance if you have a co signer

yeah it's true car loan without credit as well job is very difficult to get, if you have no job then you must need cosigner to get car loan.

What are the disadvantages of a personal loans?

Personal loans can be quite tempting however, it has pros and cons. Even you asked for help from a licensed money lender, this type loan does have a fair share of disadvantages.

1. High interest rates.

2. No part payments.

3. Need for good credit rating.

4. Variable loan and interest as per your credit rating.

However it still depends on you and your circumstances (if you are in pressing need for cash).

Can you get a mortgage without your lender selling your mortgage?

You have no control over a lender selling your mortgage. However, it is less likely if you do business with a local bank.

What to do when a co-borrower is messing up your credit?

The only way to distance you from your co-borrower is to make all the payments on time or pay off the loan.

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