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  2. Transferring a mortgage: How it works - AOL

    www.aol.com/finance/transferring-mortgage-works...

    Unofficial transfers: With this option, you can have the new borrower send payments to the original borrower, who then pays the loan. However, this is a bad idea because the initial borrower is ...

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  4. Credit card balance transfer - Wikipedia

    en.wikipedia.org/wiki/Credit_card_balance_transfer

    A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. [1] This process is encouraged by most credit card issuers as a means to attract customers. The new bank/card issuer makes this arrangement attractive to consumers by offering incentives.

  5. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  6. Transfer payment - Wikipedia

    en.wikipedia.org/wiki/Transfer_payment

    Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...

  7. How to get a small dollar loan: 3 steps to find one and apply

    www.aol.com/finance/small-dollar-loan-3-steps...

    Recent negative account activity like multiple bounced checks or overdraft fees can make getting approved for a small dollar loan difficult. Small dollar loans are short-term, low-cost installment ...

  8. FedLoan is no longer handling federal student loans: Here’s ...

    www.aol.com/finance/fedloan-no-longer-handling...

    Key takeaways. FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and ...

  9. Financial transaction - Wikipedia

    en.wikipedia.org/wiki/Financial_transaction

    Loans and mortgages are examples of credit. The lender agrees to give out a lump sum (the " principal ") to the borrower, who pays back the loaned amount over a set period of time (called a "term"). The lender usually charges an additional percentage on top of the initial amount borrowed, called the " interest rate ". [ 22 ]

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