Question by ebillar: What makes a loan secured?
I got credit through Dell (Dell prefered account) and used almost all of the credit to purchase a computer. But as I pay it down I get to re-use the credit. Is this loan secured by the computer, or is it plain old unsecured debt? Thanks.
Can they take away the computer if the loan goes into default?

Best answer:

Answer by denmarks
Read the contract.

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Question by ♥Brown Eyed Girl ♥: Why do they make getting credit cards and other things that deal with credit so hard to get?!?
like getting a cell phone,a vehicle ect.

i mean if you can’t get a credit card w/o having credit….it makes no sense…how can you start getting credit?
i live in ohio,usa

Best answer:

Answer by bada_ping
credit cars r widly used a long the world they r easy 2 get where do u live plus u can get credit by working babe there is no other way but the illigal offcourse.

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Tri Cities Home Mortgage

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The Roller-Coaster Ride Called a Short Sale
Short sales are on the rise in Manhattan as some homeowners who bought at the height of the market are finding themselves underwater.
Read more on New York Times

£6m winner gives the Lotto-way
A GRIEF-STRICKEN cabbie who won £6million on Euromillions has given almost EVERY PENNY away… in honour of his dead wife.
Read more on News Of The World

Question by tlc289: Mortgage refinancing and fees – and prepaying mortgage?
Our current 30-year mortgage is at 5.25% but I think we could get it down below 5%. We’re about 5 years into this 30-year mortgage and haven’t missed a payment (and don’t expect to). Here are my questions:
A) Even if we got a loan down to under 5%, would it be appreciably different over the long-term from a financial standpoint?
B) Are banks in existence that would allow a couple to refinance and pay zero fees? Over the course of even 15 years, banks make a lot of money from interest… why charge someone a fee? I realize it’s not up to me.
C) If we maintain our 30-year mortgage… say we don’t wind up refinancing… does it save a person/couple a lot if they were to pay one or two extra payments a year? Loan amount 200k, interest 5.25%.

Any advice appreciated.
First responder: no, that site didn’t help. Why would you waste that 10 seconds of my life FOR me? Idiot.

Best answer:

Answer by HEATHER
It probably is not worth refinancing unless you are going to be able to drop down to 4.25% or so. Pay extra on your mortgage. Make sure you indicate on the mortgage payment coupon that it should go to “principal”.

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Question by David G: What does “Terms of transaction subject to Seller’s secured creditor(s) approval.” Mean?
When looking at home listings, Ive seen this from time to time. What does “Terms of transaction subject to Seller’s secured creditor(s) approval.” mean when part of a home description?
Thanks for your quick answers! So if I understand this right, if I take an interest in the property, the listing price may not be accepted by the sellers existing mortgage holder?

Best answer:

Answer by jimbnimble
It usually means its a foreclosure

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Question by still learning: How do I remove my name from the mortgage?
My x and I split up a year ago, I moved out and my x stayed in the house. I’ve left my name on the mortgage (we weren’t married so the house is the only thing legally binding us), but now I’d like to take it off. How does that work? Is it expensive? How long does it take? Our mortgage is through countrywide.

Best answer:

Answer by Nikko L
You can remove your name on the Title of the property if you choose, by quit-claiming the deed to your x-husband. You still are responsible for the mortgage though and your name cannot be removed unless you either refinance using a different name or have your x-husband refinance only in his name.

What do you think? Answer below!

Question by Tyragen: How do I cancel federal grant and loans before starting college?
I just applied for ITT Tech in Arnold, Missouri, but changed my mind about attending after finding out their classes were not accredited by other colleges (which they told me were). I haven’t started classes yet, and I was wandering if I could cancel my grant and two loans and avoid paying anything and how I would do it.

Best answer:

Answer by Suddenly Human
Call the school and tell them you are no longer interested in attending there and want to cancel all your loans. You can also go on the fafsa website and click “Add a school code” to put in the code to a different school you want to attend instead of them.

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Why TITLE INSURANCE?: An article from: Mortgage Banking

This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on August 1, 2000. The length of the article is 3033 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Why TITLE INSURANCE?
Author: Albert Rush
Publication: Mortgage Ban

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Bank offering new mortgage loan to boost coastal rebuilding.(Banking & Finance): An article from: Mississippi Business Journal

This digital document is an article from Mississippi Business Journal, published by Thomson Gale on January 22, 2007. The length of the article is 940 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Bank offering new mortgage loan to boost coastal rebuilding.(Banking & Finance)
Aut

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Mortgage Loans. What Lolls Beneath?

Assuming that you exceptional reader has come across mortgage loans, then I will start by outlining briefly the aspects of mortgage lending. A government is one of the most commonly recognized aspects either directly or indirectly.

A government can influence mortgage loans directly by establishing and enforcing laws that

will be expected to be complied with by the mortgage lenders while making deals with the borrowers. Conversely the same government can influence mortgage loans indirectly through regulation of the participants like the monetary markets, such as the banking industry and often via state intervention. This means direct lending by the government and public corporations like by state-owned banks.

Mortgage loans are normally pre-arranged as continuing loans, or loans expected to be cleared after long period of time by the borrower. Such loans are nonetheless paid in form of set installments that are periodically paid similar to the annuity and calculated according to the time value of money formulae. This means that the lender use this formulae to calculate the interest amount his money has accumulated after a given period, usually quarter annually, semi annually or even per annum.

Depending on the local legal conditions of economic issues, the most central arrangement would require a fixed monthly payment over a period of ten to thirty years. Over this period the principal element of the loan, the initial amount borrowed would be slowly paid down through allocated over the specified period, while the interest amount rises up, good for the lender. In practice, many variants are possible and common worldwide and within each country.

Mortgage lending will also consider the supposed risk of the mortgage loans. That means the probability that the funds will be repaid by the borrower or not based on his creditworthiness. Therefore he does not honor his obligation to pay the lender, the lender will be capable of foreclosing or repossessing some or all of its original capital; and the financial interest amount in relation to time of defaulting and time delays that may be involved in certain circumstances. There are many types of mortgage loans made use of internationally, but numerous features mostly them. All of these may be subject to local parameter and legal requirements.

One of the numerous features of mortgage loans include the interest that may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also be higher or lower due to economic changes. The next one is the term; mortgage loans generally have an utmost term, that is, the number of years after which an amortizing loan or in other words being allocated over the period in years specified for which the loan will be repaid.

Some mortgage loans may have no amortization or the interest rate may not be distributed over the period of year till the loan is due and thus might require full repayment of any remaining balance at a certain date. Payment amount and frequency is also a feature to characterize mortgage loans, which is the amount paid per period and the frequency of payments; to some extent, the amount paid per period may change or the borrower may have the option to increase or decrease the amount paid. In addition, prepayment is another important mortgage loans. Some types of mortgages may restrict prepayment of all or a portion of the loan, or require payment of a penalty to the lender for prepayment.

Poly Muthumbi is a Web Administrator and Has Been Researching and Reporting on Debt for Years. For More Information on MORTGAGE LOANS, Visit Her Site at MORTGAGE LOAN

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Tata Steel Said In Talks Over .4 Billion In Loans
India’s Tata Steel has started talks with lenders including Citigroup to refinance as much as £3.5 billion (.4 billion) in loans for its British unit, Bloomberg News reported , citing sources with knowledge of the matter.
Read more on New York Times

Independent Bank Corp. Reports Second Quarter Net Income of .0 Million
ROCKLAND, Mass.—-Independent Bank Corp., , parent of Rockland Trust Company, today announced net income of .0 million for the second quarter of 2010 compared to .2 million recorded in the first quarter of 2010.
Read more on Business Wire via Yahoo! Finance

Secured Loans: Helps to Achieve Needs and Desires

Surely, present times offer a better chance to the individuals to lead a life full with comfort and luxury. With sharp rise in income backed by a sound economy, it is a high time for every one. Even if some one is lacking financial resources, it can be easily sourced from various lenders. Secured loan is one such financial assistance which can be availed by the borrower at cheap rate of interest.

Financial assistance in the form of secured loans can be easily sourced from lenders available in the physical as well as online market. As it is secured in nature, loan applicants are required to attach any property of value as collateral. Home, real estate or any other valuable asset can be pledged as collateral. The loan amount derived is actually based on equity value of collateral. If individual is placing collateral of higher equity, loan amount correspondingly will be bigger.

In the case of Secured Loans, interest rate charged is comparatively lower. As it is secured against a property, lenders approve secured loans at cheap rates which imply borrower has to pay less on monthly payments. Through this loan, amount up to a maximum of £75,000 can be borrowed, with a repayment duration which extends up to 25 years. With cheap interest rates, bigger loan amount and repayment period which can be extended, loan applicant can easily pay back secured loans within the specific time period.

Lenders while approving secured loans do not look for good credit or bad credit. Bad credit borrowers can avail loans easily as lenders have property to lean upon. But, by paying back secured loans within the specified time period, borrower can improve the credit score.

Option for online application of secured loans makes the processing fast. Further, comparing quotes of various lenders also helps in deriving secured loans at cheap rates.

Secured loans offer bigger loan amount at cheap interest rates to fulfill all the personal needs like buying a car, starting a business, home improvement, holiday, to consolidate previous debts etc. All desires and needs can be fulfilled with the help of secured loans.

How To Get a Mortgage Loan

A mortgage loan is the best way to the American Dream of owning your own home. Additionally, it can also be a great way for real estate investors to finance their properties. No…

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