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LOAN GIVEN IN AN AGREED TO AMOUNT WHICH CAN BE BORROWED LATER FOR ANY AND ALL OF AMOUNT UP TO THAT AGREED UPON AMOUNT AS IT HAS BEEN PAID.
1-Is a mortgage that allows the borrower to borrow additional money without rewriting the mortgage.
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What is a Open end mortgage loan?
What is a Open end mortgage loan?
What is the difference between an open end and closed end loan?
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
What does it mean to amortize a loan?
bring a loan to an end
What terms refers to a large final payment due at the end of a loan?
Balloon Loan
Is installment credit a continuous loan the borrower must repay?
An installment loan is a loan that is established for a set time frame where the borrower makes consistent payments until the note (loan) is paid in full at the end of the term. A car loan is an example of an installment loan. The loan only continues for the set term (length) and you only make payments during that time frame. At the end of the term, the loan is paid in full.
What is a Open end mortgage loan?
What is a Open end mortgage loan?
What is the difference between an open end and closed end loan?
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
What does it mean to amortize a loan?
bring a loan to an end
What is a open count mortgage when buying a house?
If you are referring to open end mortgage, it means that the borrower can be allowed to borrow an additional money if he has a good record on the existing loan or if the condition that will be given by he lender is achieved.
Where can you get a loan in Dubai without having an account?
One cannot get a loan in Dubai without having an account. The best bet is to open an account and then apply for the loan after the account has been open for a few months.
What terms refers to a large final payment due at the end of a loan?
Balloon Loan
If you open a bank account today can you get a loan today?
yes as soon at you join the bank they can give you a loan
Did ricardo quaresma go to a loan to Chelsea?
Yes he has gone on loan until the end of the season.
Can credit life be added to the loan and not paid until the end of the loan?
No it can not be paid at the end of the loan. Credit life is to insure the creditor. If you pass away before the loan is paid credit life will pay off the loan. If there is no cosigner then why would you insure the creditor? There is no advantage to you at all for getting credit life.
Is installment credit a continuous loan the borrower must repay?
An installment loan is a loan that is established for a set time frame where the borrower makes consistent payments until the note (loan) is paid in full at the end of the term. A car loan is an example of an installment loan. The loan only continues for the set term (length) and you only make payments during that time frame. At the end of the term, the loan is paid in full.
Can you get a personal loan with an open chapter 7 bankruptcy?
maybe
An auto loan constitutes what kind of debt?
Open debt
