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Loan Questions and Answers (Q&A)

Jamespeter
Answered: Oct 15, 2019
After choosing the best loan option which satisfies your requirement and submitting the required documents such as ID proofs, income proofs, reason to avail the loan amount and considering the...Read More

3 Answers

305 views
C. Block, English Professor
Answered: Aug 28, 2019
Most of the time, when we receive a particular amount of money from the government, financial institutions, individuals, at times we will be required to pay the money back, and also, the money...Read More

2 Answers

225 views
C. Bernthal, Teacher
Answered: Aug 29, 2019
FHA refers to the Federal Housing Authority. FHA loan is a type of loan that can be acquired more easily. It does not require a great credit score. It has a higher loan to value ratio than a...Read More

2 Answers

212 views
John Smith
Answered: Sep 23, 2020
True-the ibr program is available to federal student loan borrowers in both the direct and guaranteed (or ffel) loan programs, and covers most types of federal loans made to students, but not those...Read More

1 Answer

210 views
John Smith
Answered: Sep 23, 2020
False-the following conditions must be met in order to qualify: 1. student must be diligently seeking but unable to find full-time employment in any field or at any salary or responsibility level...Read More

1 Answer

207 views
John Smith
Answered: Sep 23, 2020
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2. 3
3. 1
4. 2

Answers: 3) With the grace period and small purchases, a good score can be built without paying much in interest and fees. Cash as collateral is required,...Read More

1 Answer

207 views
John Smith
Answered: Sep 23, 2020
False-all federal education loans allow prepayment without penalty. for loans that are not in default, any excess payment is applied first to interest and then to principal. however, if the...Read More

1 Answer

206 views
John Smith
Answered: Sep 23, 2020
False-correct answer is false. the following conditions must be met in order to qualify: 1. student must be diligently seeking but unable to find full-time employment in any field or at any...Read More

1 Answer

205 views
John Smith
Answered: Sep 23, 2020
Student may qualify for a zero dollar payment-2. student can apply for the ibr program up to 25 years-ibr benefit 1 - lower monthly payments the ibr program may substantially lower a graduates...Read More

1 Answer

204 views
John Smith
Answered: Sep 23, 2020
True-until recently, a borrower could consolidate his or her loans under either the federal family education loan program (ffelp) or the federal direct loan program (fdlp). however, recent...Read More

2 Answers

203 views
Bobby Rickets, Content Reviewer
Answered: Aug 05, 2020
A loan is money given out by financial institution to a person or another organization with the expectation to pay with interest within a due date while Advances are money given to an employee by...Read More

2 Answers

4 views

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