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I am not sure about a 201K. Is it possible you are looking for information on a 203(K) ?
The 203(K) is a FHA Rehab loan. It basically is a mortgage with some repair money available. It can be used on a single family residence, a Duplex or a Fourplex.
It can be used three ways.
1. To purchase a home and the land it is on and then rehabilitate or repair it.
2. Refinance a home you currently own and rehab or repair it.
3. Buy a home at one location and move it to a foundation at a new location.
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What is uncollateralized loan?
a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy
Does a spouse need to sign a loan modification if separated in GA?
If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.
Is a home improvement loan a recourse loan?
no. why would it be a recourse loan
What is loan default?
If you don't pay a loan when due, you default on the loan.
What is a fully disbursed loan?
Disbursed loan mean unsettled loan...........
What is the difference between a singer 201 and 201k sewing machine?
what is the difference between 201 and 201K
What model of singer sewing machine is serial number EL554005?
It is a 201K and was manufactured on July 17, 1956 in Clydebank Scotland.
I have inherited a beautiful Singer 201K and am wondering if it sews zig zag stitch and if anyone can explain how to set it?
The Singer 201 is a straight stitch machine only so it won't do a zigzag stich.
Can I roll money over from an IRA into an individual 401K plan?
Yes. You can do so, but be careful when choosing to do that. Not all solo 201k plans allow for the rolling over of money from an IRA. Do plenty of research before making a decision.
What is the different between a parent loan and a student loan?
The primary difference between a parent loan and a student loan lies in who is responsible for borrowing and repaying the funds, as well as the purpose of each loan type. Here's a detailed comparison: Borrower Responsibility • Parent Loan: Taken out by the parent (or legal guardian) to help fund their child's education. The parent is legally responsible for repaying the loan. • Student Loan: Taken out by the student themselves to pay for their education. The student is the borrower and responsible for repayment, though parents can sometimes co-sign. Credit Requirements • Parent Loan: Typically requires a credit check. Eligibility and interest rates are based on the parent's credit history and income. • Student Loan: Federal student loans often don’t require a credit check. Private student loans may require a creditworthy co-signer (often a parent) if the student has limited credit history. Purpose • Parent Loan: Specifically designed to assist parents in covering educational expenses for their children, such as tuition, books, or living costs. • Student Loan: Intended for students to fund their education-related costs. Federal student loans offer more borrower protections for students. Repayment Responsibility • Parent Loan: Repayment begins immediately or shortly after disbursement, depending on the terms. Parents are solely responsible. • Student Loan: Many federal student loans offer a grace period where repayment doesn’t start until after graduation or leaving school. Loan Types • Parent Loan: o Example: Federal Parent PLUS Loan in the U.S. • Student Loan: o Federal student loans like Direct Subsidized and Unsubsidized Loans. o Private student loans from banks or financial institutions. Interest Rates and Terms • Parent Loan: Often higher interest rates than student loans and fewer repayment flexibility options. • Student Loan: Generally has lower interest rates and may offer income-driven repayment plans, deferment, or forbearance options. Loan Forgiveness • Parent Loan: Limited eligibility for forgiveness, usually tied to specific circumstances. • Student Loan: More options for loan forgiveness, especially for federal student loans under programs like Public Service Loan Forgiveness
How long after the borrowers death is the co signer liable on a loan?
Until the loan is paid.Until the loan is paid.Until the loan is paid.Until the loan is paid.
What Is The Part Of Speech For Loan?
A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.
What is uncollateralized loan?
a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy
Can you change your loan from a hard money loan back to a convetional loan?
refinance the hard money loan back to a conventional bank loan
When a auto loan personal loan and credit card loan are combined what is it called?
That is called a ACP Loan
Does a spouse need to sign a loan modification if separated in GA?
If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.
How does the auto loan calculator work?
An auto loan calculator factors in the interest rate of the loan, the loan amount, and length of time for the auto loan. This information givens you the monthly payment as well as loan balance for that particular loan plus the total you will pay over the life of that loan.
