Apr
5
How does a loan indexed against a basket of currencies work?
Filed Under Other - Business & Finance | 2 Comments
Paul McBride
A couple of year s ago. I took out an auto loan and the lender in the country I am living in indexed the loadn against a basket of currencies. Everything seemed to be going fine until recently when the currency of the country I am living in started to depreciate against other currencies. I notice that my new principal took a hit in the upward direct by approximately the same percentage as the decline in the local currency so I now owe more than I did a year ago. If my currency here recovers to previous levels will the principal also go down?
A couple of year s ago. I took out an auto loan and the lender in the country I am living in indexed the loadn against a basket of currencies. Everything seemed to be going fine until recently when the currency of the country I am living in started to depreciate against other currencies. I notice that my new principal took a hit in the upward direct by approximately the same percentage as the decline in the local currency so I now owe more than I did a year ago. If my currency here recovers to previous levels will the principal also go down?
Jun
5
I just got in to the mortgage business. Where can I get free leads of people looking to refinance?
Filed Under Other - Business & Finance | 4 Comments
Teddy K
Someone told me that I can go to the county registrar/recorders office and someone mentioned title companies. Any advice on how to go about getting it?
Someone told me that I can go to the county registrar/recorders office and someone mentioned title companies. Any advice on how to go about getting it?