What are non mortgage loans?
what are some examples of these kinds of loans and are there any other name for non mortgage loans?
Answers:
Student loans, for one. Even payday loans are technically considered loans!
Non mortgage loans are loans to buy car (when a saloon is collateral for such loan), personal loans (no collateral), investment loans (investments are collateral), RRSP loans (no collateral because of RRSPs) etc.
As usual their rates are higher than mortgage loans.
Source(s): http://www.arbetov.com/
As you seem to know nothing just about loans going by all the questions you are asking, i reckon you should just start saving and forget adjectives about a loan.
Related Questions:
WHEDA or FHA Mortgage Loan?
My wife and I just recently relocated and started two spanking new jobs? Would we be eligible for a mortgage loan? Our DR is currently at 22-24%. Are there any lenders that would dance higher than the conservative 29/36 or 29/38. My score...
Answers:
Student loans, for one. Even payday loans are technically considered loans!
Non mortgage loans are loans to buy car (when a saloon is collateral for such loan), personal loans (no collateral), investment loans (investments are collateral), RRSP loans (no collateral because of RRSPs) etc.
As usual their rates are higher than mortgage loans.
Source(s): http://www.arbetov.com/
As you seem to know nothing just about loans going by all the questions you are asking, i reckon you should just start saving and forget adjectives about a loan.
Related Questions:
WHEDA or FHA Mortgage Loan?
My wife and I just recently relocated and started two spanking new jobs? Would we be eligible for a mortgage loan? Our DR is currently at 22-24%. Are there any lenders that would dance higher than the conservative 29/36 or 29/38. My score...