Want this question answered?
Be notified when an answer is posted
A thing or money that is borrowed by the bank
If a bank lends you money that you don't have, in the future you will have to pay them back, more than you had borrowed. This is because, while the bankers wait, it costs more money to pay back then what you borrowed. I hope this helped you out! Thanks and have a great day!
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Under FHA, the cost of a bank loan is called a MIP, or mortgage insurance premium. Some banks also call this the interest on the loan. A person borrows a certain amount from the bank and then pays a percentage on that money borrowed.
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
Money will be borrowed from the bank.
A thing or money that is borrowed by the bank
If a bank lends you money that you don't have, in the future you will have to pay them back, more than you had borrowed. This is because, while the bankers wait, it costs more money to pay back then what you borrowed. I hope this helped you out! Thanks and have a great day!
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Under FHA, the cost of a bank loan is called a MIP, or mortgage insurance premium. Some banks also call this the interest on the loan. A person borrows a certain amount from the bank and then pays a percentage on that money borrowed.
Banks make money off of the interest that comes from loans. When someone takes out a loan, he pays back more money than he borrowed. That money becomes the bank's profit.
Yes, you can call Esta fa if that's what you are saying.
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.
true
'Bout 3 billion 4 hundred 30
People and businesses can ask for loans (borrowed money generally from a bank, but can be from an organization, person, etc.).The one who asked for a loan must return the exact money PLUS an extra fee (which is decided by the bank, organization, person, etc.) This extra fee generally is a percentage of the amount of money you borrowed, and it is called an interest rate.eg. I borrowed 100 dollars from the bank. The bank told me the interest rate was 10%. In that case, when I return the money I will have to pay 110 dollars. Those 10 extra dollars (which is 10% of 100) come from the interest rate.