Yes, loans are typically paid back monthly. Some important points to consider: Most loans have a fixed repayment schedule, with payments due on a monthly basis over the course of the loan...
Posts by Jonathan Holmes
No, loans are not present value. Present value is the current worth of a future sum of money or stream of cash flows, that is discounted back to the present time. It is a financial concept used to...
At what point does a loan go to underwriting? A loan typically goes to underwriting after the borrower has completed the loan application and submitted all required documentation to the lender. The...
Yes, a lender can override an underwriter in certain situations. However, it is important to note that underwriters play a crucial role in the lending process and their decisions are based on strict...
Yes, a loan can fall through at closing. There are several reasons why this could happen, such as: - The lender discovers new information that affects the borrower's creditworthiness, such as a...
Yes, a loan interest rate can go up. There are several reasons why this may happen, including: 1. Market conditions: If interest rates in the market increase, the interest rate on your loan may also...