Loans.QandAs.com

What is Credit?

Sun, 11 Oct 2009 07:24:13 +0100

Answer: Credit is defined as a Financial Arrangements or Financial Borrowings by one party from another party and the amount is repaid at a later date with or without interest depending on the terms and conditions. Here the first party is known as Debtor (or Borrower) and the second party is known as Creditor (Lender).

What is my Credit Rating?

Sun, 04 Oct 2009 01:18:24 +0100

Answer: Credit Rating is defined as the rating which is calculated by the Credit Bureaus for estimating the ability of a person to repay the debts. The Credit Rating of a person is also known as Personal or Individual Credit Rating. If Credit Rating is calculated for a short period of time like 1 year than it is known as Short Term Rating and if it is calculated for a long period than it is known as Long Term Rating.

What Is The FHA?

Thu, 17 Sep 2009 22:23:32 +0100

Answer: FHA stands for Federal Housing Administration, and it is a part of the United States Department of Housing and Urban Development. The FHA provides mortgage insurance on loans that are made by FHA-approved lenders throughout the United States and its territories.

What is Financing?

Tue, 01 Sep 2009 00:47:14 +0100

Answer: Financing is the term used to describe funding a purchase, generally through a loan. Consumer purchases such as a car, a home, or even a computer can be financed. Businesses wishing to expand or start up are often seeking financing as well. Financing is differentiated from a credit card or revolving business loan in that it is for a specific purchase.

What is My Home�s Value?

Sun, 30 Aug 2009 20:22:30 +0100

Answer: There are many factors to consider when determining the value of your home. The value of your home is influenced by many factors. Of course, the main factor is real estate is location, location, location – so where you live is certainly a key factor.