Loans

No.

Even though a home equity loan is backed by the value of one's principal residence, the individual's income must be substantial enough (after other payments) to cover the principal and interest payments associated with the home equity loan.

If income cannot/will not be documented, no lender will approve a home equity loan.

Liability

I am completing an insurance repair for Gary and Kathy Gascoigne next week. It is a 4 party check. Where do I send the check? Do you require a bank inspection lien release etc? Claud Linn Kingsmen Construction Inc. email kingsmenconstruction@comcast.net

The best way for a small business to get a loan is to go to their current commercial bank (the bank holding the savings and checking accounts for the business) and discuss the needs with their agent/representative.

Because there are many types of loans, the representative helps clarify business requirements in order to get the correct type of loan for the business.

In general, a small business will need the following information in order to get a loan:

* Business plan with financials (income, balance sheet, cash flows) for next three (3) years

* Historical financials (income, balance sheet, cash flows) for recent three (3) years, if available

* Clear indication as to what the funds will be used for

* Collateral (if available and relevant)

* References (to help support the character of the borrowing company)

* Personal guarantee (sometimes)

, I am Mrs. Jane White from Florida when I was in need of loan I posted a question here on how to get loan and someone refer me to standard loan firm and that is where I got my loan without credit check and low interest rate of 3%, You can reach them with this email if you need loan standardloanfirm@live.com

Real Estate in India has been moving at a brisk rate. The reason for the expansion is not just confined to the population balloon inflating and getting bigger with each second, but also due to the easy finance options or Home loans from banks and other financial bodies. With the MNCs establishing their offices in India, the employment opportunities have become multi fold for skilled professionals thus increasing the spend capacity of the people. India becoming a favorite destination for outsourcing, the multifaceted employees of such organizations rely on Home loans to purchase their dream home. Investment is yet another reason why Home loans are becoming popular. Thus taking a Home loan is like killing two birds with one stone-you own a residential property and also save on tax.

The best way to determine what outstanding debt one has is to review credit reports from all three (3) credit reporting agencies.

Everyone is entitled to one (1) free report per agency per year (at the website www.annualcreditreport.com, managed for the three agencies).

Everyone is also entitled to a free credit report if they have been denied credit (one must ask to get the credit report).

Duration indicates the time during which a given loan is in effect. Duration is also known as term or loan period.

twenty days

December 6, 2010.

No, only a prosecutor of the court may bring a criminal case against anyone.

Criminal charges are brought as a result of illegal behavior, not defaulting on a loan. If the default, however, is subsequently believed to be related to fraud, criminal charges may be brought by a prosecutor.

A payday loan company will use EFT to debit your bank account for the amount that is owed on the loan. When they cannot debit the account, they will try multiple times over subsequent days, then they will begin collection processes.

Around $32,000 annually depending on your experience and location

One's credit history is very important because the history provides an insight into how an individual, in both the past and right now, handled (handles) credit.

As a result, over 80% of the decision made by a financial institution regarding a consumer loan is based purely on your historical (and current) use of credit.

Generally, the payday lender will conduct collection processes in order to receive their money. Some lenders will sell the debt to a third-party collector and some will do the collection themselves.

Depending on the situation (and the amount of money involved), the lender may sue you in order to get a judgment to pay them.

If this is the first time that you have not paid a payday loan, you will likely get harassed for a while, but they will be unlikely to come after you.

If this is the second time that you have not paid a payday loan and you are working with the same company, they will most certainly come after you for the money.

A home equity loan (HEL), also known as a second mortgage, is similar to a traditional mortgage in that the person will get a lump sum (less fees) and pay back that money (plus interest) over ten to thirty years (most home equity loans are for ten years).

A reverse mortgage (RM) allows an individual who owns their home outright (no mortgages, home equity loans or home equity lines of credit attached to the home) to receive monthly payments that tap on the equity of the home, and those payments don't have to be repaid until the home is sold, the recipient dies or specific conditions are broken.

Key difference between these types of loans are as follows:

* HEL requires income and monthly payments to be made, RM pays you monthly

* RM takes into account the borrower's age, HEL does not

* HEL has a fixed term, RM has a variable term

* Failure to pay HEL can result in foreclosure, RM does not

* HEL may allow lending up to 125% of home value, RM is limited to far less

Ideally, if one wants to be able to get future loans (including: personal, mortgage loans, auto loans, etc), yes, loans have to be repaid.

One may not be arrested for not paying back loans, however, the lender may sue the individual (in civil court) to recover the loan plus any costs associated with the process.

For basic personal unsecured loans, the maximum interest rate is 9% per year.

For payday loans, the maximum effective interest rate may not be more than 75% of the principal (additively including renewals for which 6 are allowed by the state)

Do you mean paying MORE than your minimum payment? Paying more than your minimum payment is a good idea on your mortgage, if you can afford it. It will decrease the amount of time you have your mortgage and lower the overall amount of money you end up paying towards interest. Paying extra on your loan creates more savings the earlier you do it.

Example: On a 300,000 loan at 5% for 30 years, paying $200 extra per month reduces the number of monthly payments by 78, or 6.50 years, and reduces the interest and total paid by $69,210.39. That is a huge cost savings to you.

The same local county/parish Registrar or Recorder who recorded the Deed of Trust will record the satisfaction or reconveyance papers. Your mortgage company is responsible for filing the appropriate documentation.

You are, but your mortgage company is on the deed and is also considered an owner of your home.

If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.

Only the AccountNow payday loan will work with an AccountNow prepaid card.

California is known as a one-action rule state, meaning that the lender must choose one action (and one action only) in order to recoup any losses from non-payment of funds.

The lender may choose to foreclose, then that lender may not bring a lawsuit against the borrower for any deficiency between the value of the note and the amount the home is sold for.

The lender may also chose to bring a lawsuit against the borrower, whereby they lose the right to foreclose, however, a judgment against the borrower may result in a forced sale as part of the civil proceedings (in order to get the lender paid), effectively evicting the owners from the home.

Now, only the first (primary) mortgage falls under the one-action rule. Any home equity loans or lines of credit are recourse loans.

Loans from banks and cooperatives

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