How will having a home equity line of credit affect your application for a commercial loan?
anonymous
2006-05-31 04:03:06 UTC
How will having a home equity line of credit affect your application for a commercial loan?
Two answers:
ajay mehra
2006-05-31 05:28:39 UTC
by applying 2 loan 2 a bank near 2 u
anonymous
2006-06-03 00:32:51 UTC
All outstanding debt will be considered when applying for any loan. The lender will look at your finances to see if you can afford to take on additional debt. In the case of a home equity loan, they will look at the total amount available, not the current amount owed. So if you owe only a few hundred, but the equity line is for $50,000, when you apply for the commercial loan the loan officer is going to look at it as if you owed the entire $50K because you could go out the next day and max it out.
Use the following information to calculate the dollar cost of using a money market hedge to hedge 200,000 pounds of payables due in 180 days. Assume the firm has no excess cash. Assume the spot rate of the pound is $2.02 the 180-day forward rate is $2.00. The British interest rate is 5% and the U.S. interest rate is 4% over the 180-day period.
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