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Questions tagged [lending]

The tag has no usage guidance.

3
votes
2answers
326 views

ETF asterisk clause meaning

I'm choosing an ETF, and reading this KII document, I'm not sure what this sentence means. Can anybody expand this language with an example? Is this typical for an ETF? To the extent the Fund ...
0
votes
1answer
69 views

Definitions of borrowing / lending long-term & short-term

What is short-term & long-term? I read that it is investments of short period (less than one year) and long period respectively, but I cannot realize then what means borrowing/lending short-, long-...
-1
votes
1answer
348 views

How to get money back I lent my sister? [closed]

Five years ago I lent my sister 20,000 and she said the bank needs it down as a gift and now she won't pay it back. Is there anything I can do?
-1
votes
1answer
89 views

What does indirect lending mean?

I found a webpage for a credit union that says that they do indirect lending. I can't understand the process. What does this mean?
1
vote
1answer
111 views

How do you calculate a monthly loan payment when using Actual/365 or Act/Act day count convention?

It is pretty easy to figure out a monthly loan payment based on the standard formula, when using a 30/360 method, because the monthly interest rate is always the same since each month has 30 days. ...
1
vote
1answer
135 views

Can loan for mortgage be declined after receiving both approval letter & commitment letter

What is the difference between mortgage approval letter (not pre-approval) & commitment letter? commitment letter according to this source: A loan commitment letter is an indication that the ...
0
votes
0answers
30 views

Day count conventions of lending [duplicate]

Is there a difference between a 360/360 day count convention and a 30/360? Are these just different names for the same thing? Lending Management Software company told me their software does not do ...
2
votes
1answer
813 views

Is there a difference between a 360/360 day count convention and a 30/360?

Are these just different names for the same thing? Lending Management Software company told me their software does not do 30/360, but could do 360/360 which would be the closest match. I am thinking ...
-4
votes
5answers
201 views

What are the currency rules when lending money to a friend?

Let's assume Alice lends 5000 EUR to Bob for three months (because that's what Bob asked for). But Alice's bank account is in USD. So, on 1st of January 2018, Alice looks at the exchange rate of EUR/...
0
votes
1answer
51 views

What is Hosted Staking? [closed]

There are few ICOs are using Hosted staking as a term rather Lending. I want to understand what is this hosted staking and how it works.
0
votes
4answers
364 views

Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees?

Say I want to borrow $225,000.00 to accrue interest on a 1.20% APY account. I promise the lender that I'll pay them a fixed-rate of this interest with agreement that I cannot withdraw nor touch the ...
3
votes
4answers
746 views

Looking to buy a property that's 12-14x my income. How can it be done?

I currently have insignificant income due to the fluctuations of my line of work -- entrepreneurship. I do not have any steady income and can't guarantee minimums always -- but I have done some ...
69
votes
9answers
23k views

How does a bank make money on an interest free secured loan?

I was having a discussion about the ethics of charging interest on a loan, and I was of the position that allowing the charging of interest encourages more loans to be given, and thus contributes to ...
-5
votes
5answers
351 views

Borrowing money and then investing it — smart or nart?

I don't intend to be honest with the lender with what I plan to do, but I seek to borrow ~$250,000.00 with zero collateral and use that in high-yield investing to bank around 10-12% back a year, which ...
4
votes
1answer
124 views

Mortgage question: Which banking terms mean “lends smaller amounts” or “offers small mortgage loans”?

Despite many phone calls I haven't been able to find a lender who offers home loans under 100k USD. Which banking terms are used to specify lenders who do "small" mortgage loans? I'm going with an FHA ...
5
votes
1answer
278 views

Are unknown lenders safe to use?

I want to refinance my mortgage, so I went searching for rates and a typical page on BankRate looks like this: These rates are a good half a percent less than what's offered by the major banks, but I'...
1
vote
1answer
383 views

How do credit card companies make money from cardholders who do not carry a balance? [duplicate]

How do credit card companies make money from cardholders who do not carry a balance? It seems credit card companies are eager to offer their services to borrowers even if they have a tendency to pay ...
11
votes
1answer
1k views

What's the logic for the length of service (employment) criteria for mortgage applications?

On a mortgage application, what's the logic - and is there any evidence for it - regarding longer length of service being 'better' for an applicant? I can understand if you've only been in the job a ...
8
votes
4answers
676 views

First Mortgage - Finding a Lender

I have been looking for a home in the US, I am a first time buyer and was wondering if someone with more experience than me can recommend ways to find a good lender? I started off by talking to my ...
8
votes
1answer
26k views

How to get back the money that you lent someone? [closed]

I lent a friend a few hundred dollars a couple of years ago. Initially, he agreed to pay me back in a few months, but it never happened. The only evidence that I have is my check slip and also a long ...
1
vote
1answer
5k views

What does it mean to borrow long and lend short

What does it mean to borrow long and lend short? I took a mortgage from a bank and I opened a savings account with the same bank on which I get interest. Did I borrow long and lend short? Or did the ...
2
votes
1answer
85 views

Lend money at a rate linked to the prime rate

Are there any fixed income investments for retail investors that offer a rate that is fixed to the prime rate (like : prime - 1%). Usually it is easy to borrow money at rates that are linked to ...
0
votes
1answer
157 views

Lending Club - Interest rate and interest received compared with total payments discrepancy?

I have a Loaner's Lending Club account. There seems to be a discrepancy between some of the numbers on my account (the discrepancy would be in my favor, I just want to know why they are the way they ...
5
votes
2answers
396 views

Is it impossible to get a home loan with a poor credit history after a divorce?

I am a very recently divorced single mom. I own my small farm which we cannot live at due to my ex-husband's continued harassment. I have the farm for sale but so far all interested parties want/need ...
7
votes
1answer
1k views

Any Canadian tax shelter for lending to friends or family?

I am considering helping friends or family out of credit card debt, which is costing them ~18% per year by giving them a loan at more like ~3% (kind of like consolidated credit/debt). Is there ...
9
votes
3answers
7k views

Is person-person lending/borrowing protected by law?

Suppose that individual A lends his money to individual B. In order for A to be protected, what does he need to do? Is his lending protected by law? (I would prefer to hear the general case, but if ...
17
votes
9answers
5k views

What precautions should I take when lending money to a friend?

I'm thinking of helping out a friend by lending him some money (~ $10k). I totally trust him, but I still have a feeling that I should have a contract or something similar. Are there standard ...
3
votes
3answers
393 views

Peer-to-Peer Lending (Prosper, Lending Club)

I've been debating the idea of doing peer-to-peer lending. I saw this question and am curious: What kind of success/failures have people seen from P2P lending? Some sites require their users to have ...
5
votes
2answers
414 views

Do US banks lend your money to foreign banks during the weekend while you cannot make withdrawals? [closed]

I was told by an economics teacher once that banks take advantage of the weekend being closed to deposit on hand cash in foreign banks, specifically Mexican and South American banks. The lending bank ...