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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  • 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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  • 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 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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  • 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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  • 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 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 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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  • 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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  • 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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  • Q: What companies provide personal loans for people with bad credit?

    A: SpringLeaf Financial Services is a reputable company that offers secured loans to people with bad credit. Individuals with bad credit are more likely to get a better interest rate with a secured loan, because they must provide collateral, such as a vehicle or property.
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  • Q: How do you contact Advance America?

    A: There are a few different ways that customers can contact Advance America as of 2015, including email, phone and through a website inquiry. Customers can call Advance America at 888-310-4238, send an email to comments@advanceamerica.net or fill out the contact form on AdvanceAmerica.net.
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  • Q: How do you apply for a loan online at Delta Community Credit Union?

    A: As of February 2015, you can apply for a personal or car loan online at Delta Community Credit Union by logging into your account, clicking on Tools and Services, and clicking on Apply for a Loan. Only primary members of the credit union can apply for these loans.
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  • Q: What are direct lender installment loans?

    A: A direct-lender installment loan is one where repayment is required in a predetermined number of equal payments, and the borrower and lender deal together directly rather than through a third party, such as a mortgage broker. Mortgages that are not issued through a third party are examples of direct-lender installment loans. There is no middle-man, and equal payments are typically required on a monthly basis for 30 years.
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  • Q: How do Cash Net USA loans work?

    A: CashNetUSA loans work by giving quick personal loans, including installment and payday loans, to qualified individuals, explains CashNetUSA. All a person needs to do is to fill out a quick online application. After that, he receives an instant response if approved for one of the personal loans.
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  • Q: What are the current rates at Pennymac Loan Services?

    A: As of March 5, 2015, the mortgage rate offered at Pennymac Loan Services for a conventional 15-year fixed mortgage is 3.5 percent. The company also offers a 4.125 percent interest rate for both its conventional 30-year fixed mortgage and its conventional 5/1 ARM mortgage.
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  • Q: What are some facts about Citibank's debt consolidation loans?

    A: Citibank offers one-time personal loans of up to $50,000 that can be used for debt consolidation, according to Citi. To qualify, an applicant must be a U.S. citizen or resident alien, have an active Citibank bank account and make at least $10,500 a year. No down payment is required, as of 2015.
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  • Q: How do you get a loan with Owens Loan Servicing?

    A: Owens Loan Servicing operates the company Quick Cash USA, which facilitates personal loans of up to $5,000 to borrowers who qualify, according to the company website. Apply online at QuickCashGuaranteed.com by clicking the Apply Now or Get Approved Now buttons on the home page.
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  • Q: How do you know if a pawnshop does cash loans?

    A: Providing cash loans in exchange for collateral items is the primary service offered by pawnshops, explains Bankrate. Pawnshops also buy items outright from individuals, but they prefer loans to maximize profits.
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  • Q: How do you apply for a personal loan from Mutual of Omaha?

    A: To apply for a personal loan from Mutual of Omaha, apply at a local bank branch, or call the customer service department, according to Mutual of Omaha Bank. There are four different loans and lines of credit available from the bank as of 2015.
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  • Q: What are the benefits of making CareCredit payments online?

    A: One benefit of making CareCredit payments online, as of 2015, is the ability to make an immediate payment any time of the day, according to CareCredit. Another benefit of paying online is that it is free and more friendly to the environment.
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