Questions tagged [loans]

This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.

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1answer
43 views

Remaining Balance Formula for Actual/360 and Actual/Actual Accrual Methods

Is there a concise formula for calculating the remaining balance of a loan with actual/360 and actual/actual accruals? I know for 30/360 amortizations, the remaining balance is just the FV of the ...
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1answer
51 views

Formula for time taken to pay off loan with annual interest and monthly repayments

I am trying to find how to work out the period of time it will take to pay off a loan. There are plenty of online calculators out there but I cannot find the formula they use. I want to recreate the ...
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0answers
75 views

Is the USA the easiest place on earth to get credit? [closed]

I'm in college with no job and student loans and banks and I have 3 credit cards that each have a maximum limit of $5,000 each, on top of that I regularly receive mail offers for more credit cards ...
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0answers
38 views

Do collateralized loans impact your credit score?

Do collateralized loans impact your credit score? Such as a securities loan collateralized by your stocks, a refinance on your home, a personal loan collateralized by a car, and so on.
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1answer
48 views

How fast will my credit score increase?

I have 12k in students loans (all of which isnt required to start making payments until Q4 2021) owed to non-government lenders, and have roughly a 1.5k credit balance currently, with 3 lines of ...
1
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1answer
54 views

What happens to the dividends when you enter into a securities-based line of credit or “portfolio loan”?

For this example let's say you have a stock portfolio that is paying you dividends and you take out a securities-based line of credit against the portfolio from your local bank. What happens to the ...
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1answer
153 views

Is buying a mortgaged property profitable?

I am planning to buy a property and wondering if this property is worth buying. A. Price of property including everything: Rs 45 lacks B. Down payment: Rs 5 lacks C. Loan/Mortgage (C = A-B): Rs 40 ...
4
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1answer
413 views

401K Loan - Company switched providers and rules

My company (a large health co) merged with a larger Pharm Co. In this process, we basically got all the Pharm Co benefits. When with the health co, I took out a 401k loan which had the provisions that ...
2
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2answers
254 views

What is the cheapest way to pay off this loan?

I recently took out a loan in order to buy a car for work. The contract is over a five year term, with a total of 60 monthly repayments, at an interest rate of 13% pa. The way the lender wants me to ...
2
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2answers
69 views

Borrow and return HSA funds in same tax year - taxes and/or penalty?

I've had an Health Savings Account for several years now, and I know I can only take out funds from it for qualified medical expenses. I'm wondering if there will be any taxes and/or penalties if I do ...
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1answer
191 views

If the loan interest is lower than inflation rate, does it mean it would be less expensive to take a loan and spend now, than save to buy later?

I am considering to buy an upright piano. For that, I have been planning the budget I would need and how much I would have to spend/save to be able to buy it . A few things to consider: The piano ...
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3answers
271 views

How can such a thing as a “fully collateralized” Bitcoin loan exist?

Let's say I want to buy a house, but I don't want to spend any of my 10 BTC. So I want to borrow 1 BTC. In order for me to not be able to scam whoever lends me that 1 BTC, I have to "fully ...
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1answer
142 views

Can I use my lot as security on a credit line?

I purchased an empty lot next to my house. I'm very glad to have it, but I did naively think that perhaps that I could use this lot as something like a credit card. Using it as collateral for a ...
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1answer
73 views

Would a hypothetical, ever-appreciating asset allow for infinite collateralized loan-rolling?

If I owned a hypothetical asset that was deemed extremely safe, and permanently increased in value over time (allowing me to borrow a similar percentage of the asset's value each time the loan reached ...
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2answers
125 views

Taking out a 401K Loan vs. Liquidating Investments - what's better?

Let's assume the following: I need $50K for various expenditures (aka simply spending, not paying off CC debt or putting the money somewhere else). I can either liquidate regular taxable investments ...
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1answer
126 views

How does 401k loan default after you left your job?

I'm trying to find some basic answers here but having a very hard time. I have a job currently and I'm about to lose it. I have pulled out a 401k loan and paying it back through the payroll deduction. ...
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0answers
81 views

My parents live in England. I live and file taxes in the US. I want to make them an interest free loan to buy a house. Payable at death / house sale

I considered purchasing it as joint tenants in common but that triggers stamp duty on the entire purchase as I’m a non UK resident. I thought they may be able to amend their will to represent the ...
0
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1answer
68 views

What is a difference between “Tender Offer” and “Tender & Offer”?

Would someone be so kind to please answer me on two different questions: First: I'm aware tender offer has something to do with getting the stocks directly from shareholders, according to some ratio, ...
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3answers
2k views

How do I know whether zero-percent finance or bank loan is cheapest option?

I have been considering purchasing a car. There are two methods I use to pay for it: Method 1: The advertised price is $6,000 but there is a “Zero Percent Finance” offer that the shop has ...
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2answers
160 views

Can my property be taken as a payment for a relative's loans?

My aunt went to several loans to which she isn't capable of paying as of now. Now, the lenders are visiting our house and trying to find her and she currently lives in the same residence with me, ...
9
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4answers
4k views

If I pay off a lien on a car, do I own that vehicle?

My boyfriend and I have been together for 13 years. He has been separated from his wife for 20 years. He has a lien on his car, and he did not will it to anyone. If I pay the lien, do I own it?
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2answers
94 views

Bank treating loan as asset

I understand bank treat loan as asset but isn't it the cash reserve being transferred from bank to borrower, resulting in reduction of cash reserve of bank and hence reducing its lending power. From ...
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2answers
212 views

Have I correctly understood the logic of lending money to a bank? [closed]

Let's say that I am able to convince my local bank to borrow 1 Bitcoin from me today, with them allowed to hold it for at least a year before I am able to ask them to give it back. After a year, if I ...
3
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6answers
1k views

Deposit and lending real money

It is universal that banks use deposits for lending and make money in the form of interests. My query is if bank utilising the deposit for lending,why it isn't reflected in depositors account? Say for ...
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2answers
165 views

why would a mortgage lender be asking someone a year away from retirement about their pre-retirement income?

My 69yo mother is looking to buy a new house (and sell her current one). Based on what she's expecting to get for her current house, how much she still owes on her current house and how much a new ...
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3answers
364 views

Loan com. Sent me $$ and asked me to send it back to get a larger loan [closed]

A loan company sent me $$ and then asked that I send it back on a Google Play Card. In order to receive a larger sum loan. Is this a Scam
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7answers
9k views

Can my dad remove himself from my car loan?

I bought a new car from a dealership, and my dad agreed in front of my husband and my mother to co-sign for me. The dealership allowed me to take the paperwork out to my dad's house and have him sign ...
0
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3answers
154 views

Home sale payment

My questions refer to real estate in the US. When the buyer pays cash (i.e. without taking a loan), would it usually mean that the buyer will have to pay the whole amount in a single payment? Or is ...
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2answers
94 views

What formula would I use to calculate the percent of an APR if I knew the payment, principal, and interest?

I'm writing a blog article about potential scenarios in which I might lend someone money and explain how interests work. In my example, I am lending someone $400 and agreed to pay back $100. With no ...
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3answers
171 views

If I owe £100k as a directors loan, do I have to pay back £100k

If I have a directors loan of £100k taken out in the UK and I am now look to pay this back. Would I be looking to pay the full £100k or is it calculated differently? I am slightly confused here, when ...
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1answer
126 views

Withdraw a covered call premium right away

Let's say that I have $50k in my brokerage account. My broker will let me buy double my account's value on margin. I can buy 100 shares of TSLA at $820 per share and then sell a one year covered call ...
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1answer
63 views

Can a bank continue to allocate payments to interest even after they have taken what the contract states?

I purchased a car, borrowing money from a bank for the auto loan. Long story short, I asked the bank for a detailed history of my payments, and they sent me a document that shows every payment I've ...
2
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1answer
43 views

Paying taxes on a converted old retirement account to a Roth IRA from a 401K loan from current employer?

I have an old 403B plan, I am 47 years old and would like to convert part of it to a Roth. I would like to convert $100k to the Roth, but will then have to pay taxes on the conversion. Lets just say ...
34
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7answers
3k views

How does a bank lend your money while you have constant access to it?

How do banks / fintechs lend your money while you have constant access to it, ie. can withdraw at any moment? I assume there is some kind of liquidation pool, but how exactly is that managed with ...
18
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6answers
6k views

Does paying down the principal change monthly payments?

I have a 16,000.00 loan at 6.49%. If I pay 6,000.00 on the principal, will it lower my payment? Will it reduce interest each month and reflect on my payment?
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9answers
9k views

Is my back-of-the-envelope calculation about taking out a loan to invest into the markets flawed?

With the recent economic struggles due to the Covid-19 pandemic the stock market seems to be even more interesting for personal investments. Taking out a loan might be one of the ways to gather or ...
0
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4answers
119 views

Will rising interest rates boost financial stocks?

Would rising interest rates (as set by fiscal and monetary policy) increase the profitability of companies that lend out money, and thus increase their equity value?
1
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0answers
19 views

Question for Xenith (Eikon) Expert - Is the following data available…?

In the ''Universe'' tab are many different options: Government and Corporate Bonds, Equities, Funds, Indices, Equity & Index Derivatives, Companies/Issuers, Commodities, FX & Money, Benchmarks ...
0
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0answers
24 views

Choosing between a deep discount bond and a loan with variable interest rate

I was wondering what kind of a method should be used to choose between a deep discount bond and a loan with variable interest. Since one option has a fixed rate, and the other has a variable interest ...
3
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0answers
35 views

Tracking Loan Made to someone in Mint

I loaned my son money for his car and he is now paying this back with monthly payments. Is there a way to track that within Mint? Tried setting up different account types, but none of them seem ...
4
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5answers
4k views

Can you hire a cosigner online? And does it work? Has anyone tried it? [duplicate]

I am looking to hire a co-signer online for a loan that’s been approved pending co-signer approval. I completely comprehend that my financial assessment is sketchy however I would like to offer some ...
0
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4answers
181 views

Why can't you get a loan against your IRA?

I'm trying to borrow against my IRA but for personal reasons rather than one of the 8-9 approved reasons. Does anyone know why it's prohibited? Is there any way around this?
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2answers
152 views

How can I protect against my proxy incurring fines or charges on my library card?

My small town USA university provides me free interlibrary loans. They confirmed that I can authorize anyone as a proxy like these quotes. For confidentiality, I don't want to name my university or ...
5
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3answers
275 views

Was 50k loan limit always a part of the 401k program and are there any ways around it?

I got a loan from my 401k that I repaid a while back and I don't remember anything about a $50k limit. Now I am buying a new house before I sell mine and the $50k limit seems to be ridiculous since ...
0
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2answers
73 views

Can I benefit from a liquidation event if I use the funds to pay off my spouse's student loans?

I am expecting some liquidity on my NSO (Non-qualified Stock Options) and ISO ( Incentive Stock Options) with current company. I have heard of 529 for college fund. Is this something I could use to ...
0
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1answer
67 views

Should I consolidate my loans amidst political talks of forgiving student debt? [closed]

I recently graduated college in the US, and my loans went into COVID-19 forbearance. I'm not required to make payments until January 2021, but I have been witling away at them for a few months since ...
0
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1answer
64 views

Why would I care about “potential for downward pressure on the price of loaned securities due to short selling” when loaning securities?

I read in an email from Fidelity regarding their "Fidelity’s Fully Paid Lending Program": Keep in mind that while your securities are on loan, there is the potential for downward pressure ...
10
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1answer
1k views

What tools are there to investigate why my FICO score would have dropped significantly?

Please assume the basics have been considered, such as: Credit utilization could have went up Hard inquiries Closed an account Opened a new credit card Paying off a loan None of the above occurred ...
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2answers
178 views

Which should I pay first, Car Loan vs Zero-Interest Credit Card Promo?

I have a new car loan for $12k at 7.74%, and about $10k in old credit card debt that I just transferred to a card with a ~20% APR after the initial 13 month zero-interest promo. (So, I am not being ...
0
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2answers
67 views

Is it possible to create a LLC for property investment and obtain an FHA loan?

I'm interested in forming a company to invest in property for tax reasons. I currently don't have a mortgage and never have, is it possible to obtain an FHA loan for a piece of property and have the ...

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