Personal Loans

A:

HARP stands for the Home Affordable Refinance Program. A HARP loan provides a refinancing option intended for people who are able to stay current on mortgage payments but are in a financially adverse situation with their mortgage as a whole and owe the current value of their home or more.

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  • Can You Get Payday Loans Without a Checking Account?

    Q: Can You Get Payday Loans Without a Checking Account?

    A: While it is possible to get a payday loan without a bank account, chances are that more information is needed in order for the lender to verify the applicant's income, says HowStuffWorks. The lender may charge higher fees for applicants who do not have bank accounts.
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  • How Old Do You Have to Be to Get a Loan?

    Q: How Old Do You Have to Be to Get a Loan?

    A: In order to get a loan, an individual must be at least 18. According to CarsDirect, teens under age 18 remain minors, and legal contracts they sign are not binding.
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  • What Is a Signature Loan?

    Q: What Is a Signature Loan?

    A: According to Investopedia, a signature loan is a personal loan that does not require collateral to secure, typically issued by a bank or other financial institution. The loan is issued based on the customer's signature on the loan papers and his word that the loan is to be repaid. Because the loan is unsecured, it is also sometimes called a character loan or good faith loan.
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  • What Does "conditionally Approved Loan" Mean?

    Q: What Does "conditionally Approved Loan" Mean?

    A: A conditionally approved loan is a loan approval based on the financial and credit information that an applicant has provided, and it is subject to final verification. Final verification includes employment and income verification, and additional documentation, such as pay stubs, bank statements and utility bills, is required before the loan is completely approved.
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  • What Is the Difference Between a Grantor and a Grantee?

    Q: What Is the Difference Between a Grantor and a Grantee?

    A: The grantor is the seller and the grantee is the buyer. In terms of selling a home, for example, the grantor is either the owner or the company extending the mortgage and the grantee is the person buying the home.
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  • What Does "qualifying a Buyer" Mean?

    Q: What Does "qualifying a Buyer" Mean?

    A: In real estate, "qualifying a buyer" refers to a process of determining whether a buyer has sufficient finances to purchase a home, according to the National Association of Realtors. Qualifying a buyer helps the real estate agent know which homes are best to show the buyer. Items that qualify a buyer include credit score, income, debt ratio, down payment funds and mortgage pre-qualification from a bank.
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  • How Can I Get a Loan If I Am Unemployed?

    Q: How Can I Get a Loan If I Am Unemployed?

    A: To secure a loan while unemployed, search online for lenders that specialize in high-risk loans and have programs that do not require employment information on their applications. These applications can be completed in minutes. Be prepared to provide your address, Social Security number and bank account information.
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  • Who Is a Co-Applicant on a Loan?

    Q: Who Is a Co-Applicant on a Loan?

    A: According to Investopedia, a co-applicant is a person who is seeking a loan in addition to the primary applicant. A co-applicant increases the chance for the loan to be approved.
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  • What Is a HARP Loan?

    Q: What Is a HARP Loan?

    A: HARP stands for the Home Affordable Refinance Program. A HARP loan provides a refinancing option intended for people who are able to stay current on mortgage payments but are in a financially adverse situation with their mortgage as a whole and owe the current value of their home or more.
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  • How Do You Write a Letter Requesting a Loan?

    Q: How Do You Write a Letter Requesting a Loan?

    A: A letter requesting a loan should be clear, provide all necessary information, and be typed using the standard fonts and format style on a computer word processor program, according to AviatekBank.com. Spelling and grammar errors should be avoided to appear as professional as possible, and it should use formal language.
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  • Q: What Is SPS Loan Modification?

    A: SPS loan modification is a modification or change to a loan that is serviced by Select Portfolio Services, Inc., according to the SPS website. A popular loan modification choice with this lender is a modification of a home mortgage, which allows homeowners to keep their homes.
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  • Q: What Is a TSP-21-G Form?

    A: The TSP-21-G form is the loan agreement form individuals sign when they borrow against their Thrift Savings Plan accounts, according to the U.S. Government Publishing Office. TSP loans are only available to current military and federal employees, explains Zacks Investment Research. Retired investors and individuals on extended leave are not eligible.
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  • Q: What Companies Offer Loans to U.S. Military Veterans?

    A: Veterans United, VAMortgageCenter.com and ChaseMilitary.com are companies that offer loans to U.S. military veterans. The U.S. Department of Veterans Affairs can guarantee a portion of a loan, which enables a lender to provide more favorable terms.
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  • Q: What Are Some Common Payment Terms?

    A: According to AccountingTools, common payment terms include one or more of the following components: net, discount and end of month. Payment terms are rules a supplier or seller imposes on a buyer.
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  • Q: What Is the Starting Salary for Chemical Engineers?

    A: Starting salaries for chemical engineers are among the highest at $66,400 per year, according to Forbes. A study ranked chemical engineers' starting salaries at number two behind computer engineering.
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  • Where Can You Get a Loan When You Have No Job?

    Q: Where Can You Get a Loan When You Have No Job?

    A: According to About.com, the easiest way to get a loan while unemployed is to apply for a Home Equity Line of Credit through a bank. Other options include applying through a traditional lender with a co-signer, going through a payday loan service or borrowing from friends or family.
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  • Q: What Is ACE Cash Express?

    A: ACE Cash Express is a payday loan company. It also offers long-term loans, car title loans, check cashing, auto insurance and prepaid debit cards both online and at select retail locations.
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  • Q: A Guide to Unsecured Loans

    A: An unsecured loan provides funds with no collateral required. However, it can be more difficult to get compared to other types of loans because it requires a high credit rating.
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  • Q: What Is a Loan Application Form 1003?

    A: The loan application form 1003 is a mortgage application form designed by Fannie Mae, explains Bankrate. The full name of the mortgage application is the uniform residential loan application, known as Fannie Mae form 1003, and it is the industry standard as of 2016.
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  • Q: What Grants Can You Apply for That You Can Use for Personal Needs?

    A: Individuals can apply for personal grants to receive funds for things such as housing, child care, education, home repairs and starting small businesses on Grants.gov. Grants.gov lists available grant opportunities and organizes them into different searchable categories, such as business and commerce, community development, consumer protection, education, and employment, labor and training.
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  • Q: What Is the World Finance Loan Company?

    A: The World Finance Loan Company provides consumers with payday loans. Payday loans can help with unexpected expenses or financial emergencies.
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