0
Add your answer:
Earn +20 pts
What is the outstanding balance on a loan called?
The amount of the loan is called the principal.
What is an outstanding student loan?
Rather than being outstanding for its features (ie interest rate, time to repay), an outstanding loan means that it is one that is yet to be repaid--it is money owed.
Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?
The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
How does one use a loan amortization table?
One can use an amortization table by inputting the outstanding loan amounts, the interest rates and the payment schedule to calculate how much is outstanding at any particular time.
What are paydowns?
Periodic payments against an outstanding loan balance that do not pay off the entire outstanding loan balance.
What is an outstanding loan?
Simply put it is a loan that has yet to be repaid.
What is the outstanding balance on a loan called?
The amount of the loan is called the principal.
What is an outstanding student loan?
Rather than being outstanding for its features (ie interest rate, time to repay), an outstanding loan means that it is one that is yet to be repaid--it is money owed.
Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?
The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
Is it the same meaning of credit and loan?
No. A loan utilizes one's credit, but the loan does not define one's credit capability.
How does one use a loan amortization table?
One can use an amortization table by inputting the outstanding loan amounts, the interest rates and the payment schedule to calculate how much is outstanding at any particular time.
What is meant by term non-performing loans?
A non performing loan is that loan whose maturity date has been past but a part of loan is still outstanding.
How do you withdraw money from 401k account after you quit your job with a loan that is outstanding?
Most plans allow you to do the lump sum distribution irregardless. You will just want to be mindful that you're going to be taxed on both the account balance and the outstanding loan.
What is loan outstanding?
How many unpaid debts do you have?
Which term is defined as the value of the home minus the loan?
The total value of the house minus the outstanding amount of the loan is referred to as "home equity".
