Personal Loans

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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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  • 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 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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  • 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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  • 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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  • 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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  • 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 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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  • 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: How do you contact Gentle Breeze Loans?

    A: Customers can contact Gentle Breeze Loans via the contact form on the company's website, which is accessible from the site's homepage by clicking on Contact Us. Customers can also contact Gentle Breeze Loans through the toll-free phone number listed on the Contact Us page.
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  • Q: How do you get a loan with World Financial?

    A: As of 2015, World Financial Group does not offer loans. According to the company's official website, an entity is using the World Financial Group name, logo and letterhead to scam people with false loan offers.
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  • What is a combo loan?

    Q: What is a combo loan?

    A: A combo loan is a form of mortgage loan involving a combination of two loans against one asset, most commonly a house. The combo loan was created to eliminate the borrowers' need for private mortgage insurance when financing more than 80 percent of the home's value.
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  • Q: How do you create a loan repayment chart?

    A: Loan payment charts are often populated based on information entered into fields on certain loan websites like BankRate.com, which features a printable table. This particular calculator helps to determine how much monthly income should go toward the principal and how much toward the interest, states Bankrate.
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  • Q: What is a loan agreement?

    A: A loan agreement is a document that binds a borrower to a lender, whereby the borrower accepts to pay back the money in compliance with stated terms. The document is a compilation of various promises made by the involved parties. The agreement usually protects the lender, as it is a legal document that expects the borrower to adhere to the terms and conditions.
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  • Q: How can you get a personal loan with no job?

    A: Unemployed people are able to get personal loans by borrowing against assets such as homes, cars, life insurance policies and pensions, reports Alison Doyle for About.com. Alternatively, people without jobs can find relatives or friends to co-sign for a loan with them, notes Justin Pritchard for About.com.
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  • Q: What do you typically need to get a loan to buy land?

    A: When opting for seller financing, the requirements to obtain a loan for buying vacant land depend on the seller's criteria and usually include a mortgage on the land, good credit and proof of the capacity to repay the loan, states Nolo. A traditional bank loan for a land purchase requires adequate income to pay for the loan interest, great credit, a sound plan for repaying the loan and an appraised market value exceeding the loan's principal amount.
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  • Q: What kinds of complaints and reviews does One Click Loan receive?

    A: A majority of complaints filed against One Click Loan on BBB.org focus on negative problems including billing issues, notes the Better Business Bureau. As of 2015, over 200 complaints exist against the company on BBB.org. ConsumerAffairs.com reviews highlight illegal billing activity even after satisfying the accounts, according to Consumer Affairs.
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  • Q: Are reviews for Springleaf Financial Personal Loans generally positive?

    A: Out of 872 reviews, according to Credit Karma, 67 percent of customers give Springleaf Financial Personal Loans five out of five stars, as of August 2015. Consumer Affairs indicates an overall rating of four out of five stars based on 937 ratings.
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  • Q: What are some disadvantages of small cash loans?

    A: Disadvantages of small cash loans include high financial charges, offering a specified or limited amount of money, and the difficulty of obtaining certain types, especially if they are unsecured, state Forbes and About.com. Examples of these loans include payday loans, small personal loans and line of credit loans.
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  • Q: What services does the Chemical Bank in Michigan offer?

    A: Chemical Bank in Michigan offers services for individuals and businesses, as well as wealth management services. These services include checking and savings accounts, debit and credit cards, prepaid cards and loan products. Title services and financial workshops are also provided by Chemical Bank in Michigan.
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