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Money Management

The allocation of savings between different investment options with varying levels of risk.

500 Questions

Can you get a home equity loan if you own the house outright with no mortgage?

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Asked by Wiki User

Yes, it is possible to get a home equity loan even if you own the house outright with no mortgage. In such a scenario, the loan is commonly referred to as a "reverse mortgage" or a "home equity conversion mortgage" (HECM). A reverse mortgage allows homeowners, typically those who are 62 years of age or older, to borrow against the equity in their homes without making monthly mortgage payments.

Key features of a reverse mortgage include:

Ownership of the Home:

Homeowners retain ownership of the home even with a reverse mortgage. The loan is repaid when the homeowner sells the home, moves out of the home, or passes away.

Loan Repayment:

Unlike a traditional home equity loan where monthly payments are made, in a reverse mortgage, the loan is repaid when the home is sold or the homeowner's estate settles the debt.

Loan Amount:

The loan amount is based on factors such as the homeowner's age, the home's appraised value, and current interest rates. Generally, the older the homeowner, the more equity they can access.

Loan Types:

There are various types of reverse mortgages, including federally-insured HECMs, which are backed by the U.S. Department of Housing and Urban Development (HUD), and proprietary reverse mortgages offered by private lenders.

Purpose of Funds:

Borrowers can use the funds from a reverse mortgage for various purposes, such as covering living expenses, home improvements, healthcare costs, or other financial needs.

It's important to note that while a reverse mortgage can provide financial flexibility, it also comes with considerations and obligations. Interest accrues on the loan balance, and the total amount owed can increase over time. Additionally, borrowers are required to continue paying property taxes, homeowner's insurance, and maintain the home in good condition.

Before pursuing a reverse mortgage, individuals should carefully consider their financial situation, objectives, and consult with a financial advisor or housing counselor to understand the implications of this financial arrangement. Regulations and eligibility criteria for reverse mortgages can vary, so it's advisable to seek professional advice to make informed decisions. pls visit us : hindwidictionary

What are good investments to profit from?

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Asked by Wiki User

In the past, my investment strategy revolved around Fixed Deposits (FDs) and Recurring Deposits (RDs), but the returns were disappointingly low. Subsequently, I started reading about the stock market, conducted thorough fundamental analyses, and developed a keen interest in it. Since the start of this year, I've shifted my focus to investing in the stock market, and the results have been promising with favorable returns. While mutual funds and Systematic Investment Plans (SIPs) offer potential returns, a meticulous examination of the stock market reduces the likelihood of losses and promises fruitful returns in the years to come.

Is lpu applicable for educational loan?

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Asked by Wiki User

LPU works with several banks that provide loans to students who need help paying for their education. Or, you can also consider other banks that provide education loans.

LPU is a university that is officially recognized and has approved educational programs. Because of this, most banks are willing to give loans to students who want to study at the university. The conditions of the education loan will be different for each bank. This includes the interest rate and how the loan will be paid back.

The student should request a loan letter either from the university or from the LPU out-campus office. Once a student receives a loan letter from the university, they can show it to the bank. The bank may then ask for additional documents to complete the application process.

However, LPU also provides some relief in this matter. If you do well on the entrance test, LPUNEST, you might be able to get a scholarship. For details you can visit website.

Hope this helps.

Good Luck..

What is the easiest way to make money?

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Asked by Wiki User

The easiest way to make money from home is by having an email list.

Ordinary people are making over $10.000 per month with it. Itยจs like having your own personal ATM machine.

You can check out a free training in my BIO to see how to do it. it helped me a lotยก

Link is in my bio.

If your parents make too much money can you get financial aid for college?

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Asked by Wiki User

Did you mean financial aid? Pretty sure you can get a loan no matter how rich your parents are.

How much credit to be a junior?

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Asked by Wiki User

Typically, you are a junior when you have between 60 to 89 credits.

Typically, you are a junior when you have between 60 to 89 credits.

Typically, you are a junior when you have between 60 to 89 credits.

Typically, you are a junior when you have between 60 to 89 credits.

Typically, you are a junior when you have between 60 to 89 credits.

Typically, you are a junior when you have between 60 to 89 credits.

Can a person receiving workmen's compensation obtain a home loan?

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Asked by Wiki User

Disability income may be multiplied by 125% on a refinance, it depends on the situation but it is possible.

How can you make money fast when your only 11?

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Asked by Wiki User

Well...Im 11 and in my area you cant get a real job like working at McDonalds or something,but that's up to where you live. Most 11 year olds work is...

.Walking a neighbors dog

.Babysitting a house or kid

.Helping shop

.Chores

.Lemonade stand

and

.Garage or Yard sales

Well hopefully this answers your question,there is so little us pre teens can do.

This is not all,but this is most of it!

You can do that but i am 11 also and i kept on beggin my parents for money so they gave me a allowence if i kept my room clean only 5 bucks though. but i am a slob so my room is never clean eventually my parents said that they would give me 5 bucks to sweep and mop the floors and i have a pretty big house but it is really easy and you earn a lot of money and quick so have fun makin big bucks :).

How many credits to be a senior?

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Asked by Wiki User

You need at least 165 to be a senior, and 230 in order to graduate as of 2013.

What percent of students at UNC Chapel Hill are getting financial aid?

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Asked by Wiki User

You can obtain this information by going to www.collegeboard.com/splash/ and using the sites College MatchMaker search engine, or click on the related links section (College Board) indicated below to go directly to the site. You can research colleges and universities by name, or by programs of study, or by geographical location, size, or combinations of all etc. The site will provide you with a list of institutions based on your request. It will give you the schools background, accreditation, degree offerings, programs of study, entrance requirements, tuition and fees, financial aid, athletic programs etc. and a link to each institutions official web page. Make sure the college or university has a regional accreditation (most important). Practice navigating this site. It will be well worth the time and effort.

UNC Chapel Hill

Financial Aid Statistics

* Full-time freshman enrollment: 3,800

* Number who applied for need-based aid: 2,858

* Number who were judged to have need: 1,229

* Number who were offered aid: 1,214

* Number who had full need met: 1,165

* Average percent of need met: 100%

* Average financial aid package: $11,265

* Average need-based loan: $2,663

* Average need-based scholarship or grant award: $9,445

* Average non-need based aid: $4,119

* Average indebtedness at graduation: Not reported

How do you say loan in Spanish?

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Asked by Wiki User

You can say "préstamo" or "crédito".

It does not mean exactly the same, but the two terms correspond to a loan in English.

Se puede decir "préstamo" o "crédito". No significan exactamente lo mismo pero los dos términos corresponden a loan en Ingles.

How many digits are in 1.1 billion?

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Asked by Wiki User

It depends on what country you are in. The 'short scale' system, used in the United States, UK and some other countries has billion = 1,000,000,000 (nine zeros). The 'long scale' system used in many European countries has billion = 1,000,000,000,000 (twelve zeros). See related link for information about billion and other names for large numbers.

Do you get college credit for a d?

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Asked by Wiki User

Grades and credits are two different things. The amount of time spent in a class is what constitutes college credits. The question is IT good enough for graduation

How many college credits to be a sophomore?

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Asked by Wiki User

The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above


The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above


The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above


The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above


The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above


The following is particular to colleges and universities that operate on a regular two semester academic year.


  • Freshman - fewer than 30 credits
  • Sophomore - 30 to 59 credits
  • Junior - 60 to 89 credits
  • Senior - 90 credits and above

What is a easy way to make a lot of money?

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Asked by TheFrogMan

There is no guaranteed way to earn, as it often requires a combination of hard work, skill, and luck. However, here are some strategies that may increase your chances of earning a high income:

Build a valuable skill set: Invest in developing skills that are in demand and valuable in the job market. This can include technical skills like programming or data analysis, or soft skills like communication and leadership.

Start a business: If you have an entrepreneurial spirit, consider starting your own business. This can allow you to take control of your income and potentially earn a high income if your business is successful.

Invest in stocks or real estate: Investing in stocks or real estate can be a way to earn passive income and potentially earn a high return on your investment. However, it is important to research and understand the risks involved.

Pursue high-paying careers: Some careers, such as medicine, law, or engineering, are known for offering high salaries. Research the earning potential and job outlook for different careers to find one that aligns with your interests and skill set.

Network and build connections: Building a strong network of professional connections can help you access job opportunities and open doors to high-paying roles.

Continuously learn and improve: Invest in your own personal and professional development, stay up-to-date with industry trends, and continuously improve your skills to stay competitive in the job market.

And to help you know more about this topic i strongly recommend this guide : ๐Ÿ‡ญ ๐Ÿ‡น ๐Ÿ‡น ๐Ÿ‡ต ๐Ÿ‡ธ ://๐Ÿ‡ผ ๐Ÿ‡ผ ๐Ÿ‡ผ .๐Ÿ‡ฉ ๐Ÿ‡ฎ ๐Ÿ‡ฌ ๐Ÿ‡ฎ ๐Ÿ‡ธ ๐Ÿ‡น ๐Ÿ‡ด ๐Ÿ‡ท ๐Ÿ‡ช 24.๐Ÿ‡จ ๐Ÿ‡ด ๐Ÿ‡ฒ /๐Ÿ‡ท ๐Ÿ‡ช ๐Ÿ‡ฉ ๐Ÿ‡ฎ ๐Ÿ‡ท /372576/๐Ÿ‡ด ๐Ÿ‡ณ ๐Ÿ‡พ ๐Ÿ‡ฝ ๐Ÿ‡ฟ ๐Ÿ‡ช ๐Ÿ‡บ ๐Ÿ‡ธ ๐Ÿ‡ธ /

Is it best to buy or loan a horse?

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Asked by Wiki User

Buy so you can always have the horse that you might like... And train it better than it was before..

What are the cheapest real dogs?

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Asked by Wiki User

A free dog! I'm not sure, strays, non-petagree dogs most likely. Friends could give their puppies to eachother for free.

Store credit for Build-a-Bearville?

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Asked by Wiki User

well theres 3 easy ways...(1) buy credits at you local buildabear workshop(which are some cards, if you dont find any ask the person who works there ) (2) ask someone to give you a stuff fur stuff # with a MATCHING recipt code (3) THIS IS THE BEST CHOICE.....get a stuff fur stuff member ship card( its for free ask employe at store) and buy something (maybe cheaper than the credits card) and when you buy it the employe will ask you if you have a stuf fur stuf card and you will give it to her and the stuf fur stuf # and recipt code will be on your recipt .enter those 2 things in buildabearville and you might get credits depending how much you spent because i spent about ...i furgot but a bot 1 pair of pants and abear and ashirt and 2 paairs of shoes. but anyways i got 5 credits and about 4,000 bear bills. i hope this was usefull, not boring, and friendly tipish because MariaSassy79 will always be your friend!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! see ya in buildabearville!

IS THERE cheats for credits?

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Asked by Wiki User

Honestly, you can't really "cheat" credits for all I know, but you can commendation credit farm, such as using the target locator on Oni (the second level), then reverting to last save, which is the best way to farm, but there are many other commendation farming techniques, look up others on youtube, but the downside is, after the commendation is completed, the amount of credits earned are drastically decreased, so it is a short burst of credits, then nothing.

How do you get a loan without a co-signer?

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Asked by Wiki User

In order to get a loan without a co-signer:

  • you must have to be of 18 year old or more
  • you have to submit some proofs to your lender or bank to prove that you are able to pay loan, for that you have to submit your monthly income report (it must be $1600 or more) and if you are having previous loan record then attach a copy of that record along with the loan application.
  • you must have a stable residence having stayed at the same address for at least 6 months or more.

By submitting these proofs you can convince your lender to trust you.

Bearville store credit code?

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Asked by Wiki User

if you want credit code you only have to buy it really i tried but no matter i do i will never get it or you

How do you get a Home loan?

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Asked by Tmatehaere

If you do not have a down payment, then you should reconsider buying a home. Equity provides a cushion against the changes of value in homes--should you end up selling, the money comes back to you. Also, having a down payment may result in your being able to get a lower loan rate, which makes your payments lower. You would not have to pay for mortgage insurance. It just makes financial sense. Twenty percent down is a good rule of thumb.

How do you write a loan payment receipt?

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Asked by Wiki User

On a receipt you date it, who you received it from, amount received,why you received it, sign it and keep a copy for yourself. It looks like a check with 'received from' instead of' pay to the order of'.

Are there any cheats to pay off all your mortgage in Animal Crossing Wild World?

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Asked by Wiki User

There is one common cheat, but it involves your town being flooded to the maximum with weeds. If you do not want to pick a whole town full of weeds, then do not follow the following cheat:

Place ten to twenty thousand bells in the bank (or more), and save your game. Then, change the time settings to ten years in the future (this is known as 'time traveling'), and when you go to the bank, your interest should pile up to where you can pay off a good portion of your mortgage, if not all of it.