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Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
What type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
compound
What are the disadvantages of consolidating student loans?
Consolidating student loans may result in a longer repayment period, which can lead to paying more interest over time. It may also cause the loss of certain borrower benefits, such as interest rate discounts or loan forgiveness options.
Can a lender make you pay for a loan for which you co-signed if the borrower filed a Chapter 7 bankruptcy and is no longer making payments?
You guaranteed to pay the loan if the primary borrower does not. That is what a cosigner does. The lender is going to be looking at you for their money.
What happens when a borrower doesn't pay back an FHA loan?
If the borrower gets too far behind, the home will be foreclosed on. There are a lot of variables and considerations for this type of situation. 1. There can be significant financial expenses to the borrower. 2. The Borrowers credit will be hit hard. 3. The borrower may never be able to get another government loan and may no longer qualify for other government programs. Encourage the borrower to sell the home before the foreclosure happens.
Does vasaline make your eyelashes longer?
im not posotive but im pretty sure that it doesnt make them longer
Dealership no longer exist and financial company doesnt do loans anymore?
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
Does a quit claim deed remove the person for life?
Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.
Why are short-term interest rates typically higher than long-term interest rates?
Short-term interest rates are typically higher than long-term interest rates because of the increased uncertainty and risk associated with short-term investments. Lenders require higher returns for short-term loans to compensate for the potential fluctuations in the market and the borrower's ability to repay the loan in a shorter period of time. In contrast, long-term investments are considered less risky as they provide a more stable and predictable return over a longer period, leading to lower interest rates.
