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Title loan - Wikipedia

History[ edit ]

Title loans first emerged in the early 1990s and opened a new market to individuals with poor credit and have grown increasingly popular, according to studies by the Center for Responsible Lending and Consumer Federation of America . [3] They are the cousin of unsecured loans, such as payday loans . Since borrowers use their car titles to secure the loans, there's risk that the...

Date: 2017-02-13 15:45:09

Home equity line of credit - Wikipedia

A home equity line of credit (often called HELOC and pronounced Hee-lock) is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term ), where the collateral is the borrower's equity in his/her house (akin to a second mortgage ). Because a home often is a consumer's most valuable asset , many homeowners use home equity credit lines only for major items,...

Date: 2017-02-22 04:50:57

Home equity line of credit - Wikipedia

Date: 2017-02-22 04:49:31

FHA insured loan - Wikipedia

History[ edit ]

The National Housing Act of 1934 created the Federal Housing Administration (FHA), which was established primarily to increase home construction, reduce unemployment, and operate various loan insurance programs. [1] The FHA makes no loans, nor does it plan or build houses. As in the Veterans Administration's VA loan program, the applicant for the loan must make arrangements with a...

Date: 2017-02-26 13:30:00

Student financial aid in the United States - Wikipedia

Student financial aid in the United States

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This article is written like a personal reflection or opinion essay that states a Wikipedia editor's personal feelings about a topic. Please help improve it by rewriting it in an encyclopedic style .

(September 2013)

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Student financial...

Date: 2017-02-15 12:40:44

Student loan - Wikipedia

Through the management of Korea's national scholarship programs, student loan programs, and talent development programs, KOSAF offers customized student aid services and student loan program is one of their major tasks. [4]

Main Loan Programs[ edit ]

Income Contingent Loan ( ICL )[ edit ]

For undergraduate students of all grades from low-income households in the 1st through 7th income bracket...

Date: 2017-02-23 08:07:48

Student loan - Wikipedia

Korea's Student Loan[ edit ]

Korea's student loans are managed by the Korea Student Aid Foundation(KOSAF) which was established in May 2009. According to the governmental philosophy that Korea's future depends on talent development and no student should quit studying due to financial reasons, they help students grow into talents that serve the nation and society as members of Korea. [1] Through...

Date: 2017-02-28 03:18:19

Refinancing - Wikipedia

Borrowers with this type of refinancing typically pay few if any upfront fees to get the new mortgage loan. This type of refinance can be beneficial provided the prevailing market rate is lower than the borrower's existing rate by a formula determined by the lender offering the loan. Before you read any further do not provide any lender with a credit card number until they have provided you with...

Date: 2017-02-06 12:59:36

Home equity loan - Wikipedia

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral . The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. [1] Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity...

Date: 2017-02-12 03:59:38

Cash out refinancing - Wikipedia

Definition[ edit ]

Strictly speaking, all refinancing of debt is "cash-out," when funds retrieved are utilized for anything other than repaying an existing loan.

In the case of common usage of the term, cash out refinancing refers to when equity is liquidated from a property above and beyond sum of the payoff of existing loans held in lien on the property, loan fees, costs associated with the loan, taxes , insurance , tax reserves, insurance reserves, and in the past any other non-lien debt held in the name of the owner being paid by loan proceeds.

Example of Cash Out Refinancing[ edit ]

A homeowner who owes $80,000 on a home valued at $200,000...

Date: 2017-02-06 21:08:52

Bridge loan - Wikipedia

Real estate[ edit ]

Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves,...

Date: 2017-02-20 04:23:10

Commercial mortgage - Wikipedia

A commercial mortgage is typically taken on by a special purpose entity such as a corporation or an LLC created specifically to own just the subject property, rather than by an individual or a larger business. This allows the lender to foreclose on the property in the event of default even if the borrower has gone into bankruptcy, that is, the entity is " bankruptcy remote ".

Recourse[ edit...

Date: 2017-02-28 04:28:53

Equity loan - Wikipedia

In the UK an "Equity Loan" is the term used to describe additional borrowing, normally secured as a subsequent charge, as a top-up to the amount a home owner/purchaser can borrow from a main mortgage provider. Often used by builders to encourage house sales but now also used by the UK governments to assist purchasers who would otherwise be unable to buy with only a conventional main mortgage. In England such loans are managed on behalf of the government by the Homes & Communities Agency. Devolved governments have their own separate...

Date: 2017-02-08 22:11:11

VA loan - Wikipedia

Loan Assumptions

.50%

Veterans who previously lived in a home they had to then rent out will typically qualify for a no appraisal Interest Rate Reduction Refinance. The Veteran's Administration also allows Veteran Homeowners to refinance from a Conventional loan to a VA mortgage Loan. This process, however, does require an appraisal.

Equivalents of VA loans[ edit ]

Private mortgage insurance[...

Date: 2017-02-21 01:53:19

Equity release - Wikipedia

7 Notes

Types of arrangement[ edit ]

Lifetime mortgage: A loan secured on the borrower's home (a mortgage loan ) is made. Compounded interest is added to the capital throughout the term of the loan, which is then repaid by selling the property when the borrower (or borrowing couple) dies or moves out (perhaps into a care home). The borrower retains legal title to the home whilst living in it, and...

Date: 2017-02-10 09:36:41

FHA insured loan - Wikipedia

The FHA does not make loans. Rather, it insures loans made by private lenders. [8] The first step in obtaining an FHA loan is to contact several lenders and/or mortgage brokers and ask them if they are FHA-Approved by the U.S. Department of Housing and Urban Development to originate FHA loans. As each lender sets its own rates and terms, comparison shopping is important in this market.

Second,...

Date: 2017-02-26 13:38:51

Mobile home - Wikipedia

History[ edit ]

In the United States, this form of housing goes back to the early years of cars and motorized highway travel. [1] It was derived from the travel trailer (often referred to during the early years as "house trailers" or "trailer coaches"), a small unit with wheels attached permanently, often used for camping or extended travel. The original rationale for this type of housing was its...

Date: 2017-02-18 00:32:23

Home Owners' Loan Corporation - Wikipedia

The Home Owners' Loan Corporation (HOLC) was a government-sponsored corporation created as part of the New Deal . The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt . [2] Its purpose was to refinance home mortgages currently in default to prevent foreclosure .

Contents

Operations[ edit ]

The HOLC issued bonds...

Date: 2017-02-15 04:31:23

Home Owners' Loan Corporation - Wikipedia

Contents

Operations[ edit ]

The HOLC issued bonds...

Date: 2017-02-15 04:34:19

Student loans in Canada - Wikipedia

Government loans[ edit ]

Canadian citizens , permanent residents of Canada living in any province for over a year, and protected persons [1] are normally eligible for loans provided by the federal government , through the CSLP, in addition to loans provided by their province of residence.

Loans issued to full-time students are interest free while a student is in full-time studies. Students...

Date: 2017-02-10 16:25:48

Student loans in Canada - Wikipedia

Government loans[ edit ]

Loans issued to full-time students are interest free while a student is in full-time studies. Students...

Date: 2017-02-06 04:37:01

Federal Home Loan Banks - Wikipedia

Overview[ edit ]

The FHLBank System was chartered by Congress in 1932 and has a primary mission of providing member financial institutions with financial products and services that assist and enhance the financing of housing and community lending. The 11 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan...

Date: 2017-02-09 17:29:06

Axis Bank - Wikipedia

History[ edit ]

UTI Bank opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. [8] The first branch was inaugurated on 2 April 1994 in Ahmedabad by Dr. Manmohan Singh , the Finance Minister of India. UTI Bank began its operations in 1993, after the Government of India allowed new private banks to be established. The Bank was promoted in 1993 jointly by the...

Date: 2017-02-27 16:00:49

Warehouse line of credit - Wikipedia

A warehouse line of credit is a credit line used by mortgage bankers . It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans.

The cycle starts with the mortgage banker taking a loan application from the property buyer. Then the loan originator secures an investor (often a large institutional bank) to whom...

Date: 2017-02-02 14:37:42

Federal Housing Finance Board - Wikipedia

The Federal Housing Finance Board (FHFB) was an independent agency of the United States government established in 1989 in the aftermath of the savings and loan crisis to take over oversight of the Federal Home Loan Banks (FHLBs or FHLBanks) from the Federal Home Loan Bank Board (FHLBB), and was superseded by the Federal Housing Finance Agency (FHFA) in 2008.

The FHFB provided regulatory oversight of the nation's...

Date: 2017-02-11 16:40:39

Mercedes Homes - Wikipedia

Corporate history[ edit ]

Mercedes Homes was established in 1983 by Howard Buescher, a veteran of the homebuilding business, and his daughter Susan Girard. He named the new company after his wife, Mercedes. Howard's other children followed him into the business and in 2009, five of them had executive positions in the company.

As of January 13, 2012 Mercedes Homes has closed their building...

Date: 2017-02-13 15:52:44

USDA home loan - Wikipedia

Guaranteed Loan[ edit ]

Applicants for home loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance . In addition, applicants must have reasonable credit histories. Additionally, the property must be located within the USDA RD Home Loan "footprint." The USDA Home...

Date: 2017-02-11 15:25:58

Student loan default in the United States - Wikipedia

Defaulting on a student loan in the United States can have a number of negative consequences. To understand loan default, it is helpful to have a few common terms defined:

Loan deferment is a postponement of a loan's repayment. There are many reasons why someone might seek to defer a loan, including a return to school, economic hardship, or unemployment.

Loan delinquency is a failure to make loan...

Date: 2017-02-08 13:09:52

Credit (finance) - Wikipedia

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt ), but instead promises either to repay or return those resources (or other materials of equal value) at a later date. [1] In other words, credit is a method of...

Date: 2017-02-25 17:52:45

Federal Direct Student Loan Program - Wikipedia

The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]

Following the passage of the Health Care and Education Reconciliation...

Date: 2017-02-10 07:07:52

Federal Direct Student Loan Program - Wikipedia

Following the passage of the Health Care and Education Reconciliation...

Date: 2017-02-14 09:10:37

Amortizing loan - Wikipedia

In banking and finance , an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized ) according to an amortization schedule , typically through equal payments.

Similarly, an amortizing bond is a bond that repays part of the principal ( face value ) along with the coupon payments. Compare with a...

Date: 2017-02-05 04:47:15

Federal Home Loan Bank Act - Wikipedia

Federal Home Loan Bank Act

From Wikipedia, the free encyclopedia

Federal Home Loan Bank Act

Long title

An Act to create Federal Home Loan Banks, to provide for the supervision thereof, and for other purposes.

Nicknames

Federal Home Loan Bank Act of 1932

Enacted by

12 U.S.C. ch. 11 § 1421 et seq.

Legislative history

Passed the House on June 15, 1932 (Passed)

Passed the Senate on July 12,...

Date: 2017-02-12 19:30:05

Payday loans in the United States - Wikipedia

Payday lending is legal in 27 states, with 9 others allowing some form of short term storefront lending with restrictions. The remaining 14 and the District of Columbia forbid the practice. [7] Federal regulation against payday loans is primarily due to several reasons: (a) significantly higher rates of bankruptcy amongst those who use loans (due to interest rates as high as 1000%); (b) unfair...

Date: 2017-02-24 08:00:20

Hard money loan - Wikipedia

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan. Most hard money loans are used for...

Date: 2017-02-09 01:16:38

Amortization calculator - Wikipedia

An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage ), based on the amortization process.

The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each...

Date: 2017-02-10 06:27:27

New York metropolitan area - Wikipedia

The area is frequently divided into the following subregions: [20] [21]

New York City (Center of the region)

Central and eastern Long Island ( Nassau County and Suffolk County counties - separated by water from the rest of the region except New York City; not including Queens County or Kings County ( Brooklyn ), which are concurrent with two of New York City's five boroughs)

North Jersey...

Date: 2017-02-25 08:05:12

American System-Built Homes - Wikipedia

10 External links

Manufacture and sales[ edit ]

In 1911, Arthur L. Richards and a partner contracted with Frank Lloyd Wright to design a hotel in Lake Geneva, Wisconsin . After this, Richards learned of Wright's new American System-Built Homes, and in 1914 began construction on six as demonstrator models. Richards gained the exclusive rights to manufacture and distribute the homes. He sold...

Date: 2017-02-21 12:00:24

Asset-based lending - Wikipedia

Asset-based lending is usually done when the normal routes of raising funds is not possible, such as the capital markets (selling bonds to investors) and normal unsecured or mortgage secured bank. This is often because the company has exhausted other capital raising options or needs more immediate capital for project financing needs (such as inventory purchases, mergers , acquisitions and debt...

Date: 2017-02-06 16:27:35

SBA 504 Loan - Wikipedia

Eligibility[ edit ]

In order to qualify for the program, the borrower must meet the SBA's definition of small business and must plan to use over half (51%) of the property for its own operations within one year of ownership; if the building is to be newly constructed the borrower must use 60% at once and plan to occupy 80%. The borrower may form a real-estate holding company that lease 100% to...

Date: 2017-02-07 23:45:31

Mortgage calculator - Wikipedia

{\displaystyle {\begin{aligned}c&{}={\frac {r(1+r)^{N}}{(1+r)^{N}-1}}P\\&{}={\frac {r}{1-(1+r)^{-N}}}P\end{aligned}}}

which is the formula originally provided. This derivation illustrates three key components of fixed-rate loans: (1) the fixed monthly payment depends upon the amount borrowed, the interest rate, and the length of time over which the loan is repaid; (2) the amount owed every...

Date: 2017-02-18 11:09:42

Bank rate - Wikipedia

4 References

Determining the rate[ edit ]

The interest rate that is charged by a country's central or federal bank on loans and advances controls money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and to stabilize the country's exchange rates. A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a...

Date: 2017-02-18 07:07:02

Business loan - Wikipedia

Federal Home Loan Bank Board - Wikipedia

Federal Home Loan Bank Board

From Wikipedia, the free encyclopedia

Federal Home Loan Bank Board

Seal

Add links

This page was last modified on 12...

Date: 2017-02-24 03:22:46

Shea Homes - Wikipedia

Shea Homes, a member of the J.F. Shea Co ., Inc. family of companies, is America's largest privately owned new home builder, primarily building mid-priced to high-end homes. Headquartered in Walnut, California , the company develops new home communities in Arizona , California ,...

Date: 2017-02-21 15:59:57

Term loan - Wikipedia

A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.

Usage[ edit ]

Term loans can be given on an individual basis, but are often used for small business loans....

Date: 2017-02-08 11:47:27

Leaseback - Wikipedia

Leaseback arrangements[ edit ]

After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller at an agreed rate. One reason for a leaseback is to transfer ownership to a holding company while keeping proper track of the ongoing worth and profitability of the asset. Another reason is for the seller to raise money by offloading a valuable asset...

Date: 2017-02-10 15:07:40

West Valley City, Utah - Wikipedia

Education[ edit ]

The city lies in the Granite School District . It has 21 elementary schools, four junior high schools, and two high schools - Granger , which opened in 1958, and Hunter , which opened in 1990. The city is also the location of East Hollywood High School , a charter school specializing in film education.

The West Valley Central Green Line station.

A continuous-flow intersection on...

Date: 2017-02-25 17:20:12

Bad debt - Wikipedia

Doubtful debt[ edit ]

Doubtful debts are those debts which a business or individual is unlikely to be able to collect. The reasons for potential non-payment can include disputes over supply, delivery, the condition of item or the appearance of financial stress within a customer's operations. When such a dispute occurs it is prudent to add this debt or portion thereof to the doubtful debt reserve....

Date: 2017-02-22 14:22:13

Amortization (business) - Wikipedia

{\displaystyle A\,=\,P\cdot {\frac {r(1+r)^{n}}{(1+r)^{n}-1}}}

where: P is the principal amount borrowed, A is the periodic amortization payment, r is the periodic interest rate divided by 100 (nominal annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 Ã? 12 = 360).

Negative...

Date: 2017-02-06 23:47:57

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