About 2 years ago My Fiance of 6 years, (now my EX-FIANCE) and his Loan Officer conned me into lending his Parents the money for his down-payment, as a GIFT from them (10k). This money was VERBALLY AGREED UPON, by my Fiance and his Parents, that the monies I lent them, was a LOAN and NOT a GIFT. We werent to be married until a year after Settlement, and I would not have any Equity nor be on the title to the house until we were married.
I asked about just adding me to the title at Settlement and I was told by the Loan Officer that it was not a good idea to axis bank personal loan track statement so. I was extremely wary of this whole transaction, and about 3 days before Settlement (by MUCH prodding from my Fiance and his Loan Officer), I FINALLY told my Bank to wire the money to my Fiances parents.
Approx. 24 hours before my Fiances Settlement, I was then told by my Fiance that he nor his Parents could pay me back.
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Reverse Mortgage Professional, David Edel. Serving the Farmville Area. After spending the last few years continuously struggling to make my monthly mortgage payments, I woke up for the first time this morning without an… 26.
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REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329.
Representative 29. 82 APR.