An air loan is a type of fraud that involves the use of inflated appraisals to secure loans for more than the actual value of a property. Air loans are often used in real estate transactions, and can be difficult to detect. For example, a borrower may find a property that is worth $100,000, but an appraisal may state that the property is worth $200,000. The borrower can then use the higher appraisal to secure a loan for more than the actual value of the property. This can be a problem for lenders, because if the property is sold for less than the loan amount, the lender may not be able to recoup the full amount of the loan. What are terms for loans? There are many terms for loans, but the most common are "personal loan," "business loan," and "student loan." A personal loan is a loan that is given to an individual for personal use. A business loan is a loan that is given to a business for business purposes. A student loan is a loan that is given to a student for educational expenses. What is a Lendee called? The party who borrows money from a financial institution is called the "borrower" or the "lender." The party who lends money to the borrower is called the "lender." What is air in variable annuity? A variable annuity is an insurance product that pays out a stream of payments to the annuitant, starting either immediately or at some point in the future. The payments are made either for a fixed period of time, or for the life of the annuitant. The payments are calculated based on a combination of two factors: the underlying investment performance of the annuity, and the insurance company's mortality rate.
The underlying investment of a variable annuity can be in anything from stocks and bonds, to real estate and commodities. The key feature of a variable annuity is that the payments to the annuitant are not guaranteed, and will fluctuate based on the underlying investment performance. This means that there is a degree of risk involved in holding a variable annuity.
The mortality rate is the insurance company's estimate of how long the average person will live. This is used to calculate the payments that will be made to the annuitant, as well as the "break-even point" - the point at which the total payments made to the annuitant will equal the total amount paid into the annuity.
There have been a number of high-profile cases of fraud involving variable annuities. In some cases, the underlying investments turned out to be worthless, and the annuitants lost all of the money they had invested. In other cases, the annuity payments were much lower than the annuitants had been led to believe, and they were unable to meet their financial obligations.
If you are considering buying a variable annuity, it is important to do your research and to understand the risks involved. You should also be aware of the signs of fraud, so that you can avoid becoming a victim. What is an air loan scheme? An air loan scheme is a type of fraud in which the perpetrator offers loans at incredibly high interest rates, often using false or misleading information. The loans are often advertised as being "fast and easy" with no credit check required. However, the borrower is often required to provide personal information such as their Social Security number or bank account information, which can be used to steal their identity or empty their bank account.
What does loan flipping mean? Loan flipping is a type of mortgage fraud that involves convincing a homeowner to refinance their mortgage multiple times in a short period of time. The perpetrator of the fraud will often charge high fees for each refinance, and may even use misleading or false information to convince the homeowner to agree to the deal. In some cases, the perpetrator may also convince the homeowner to take out a second mortgage or home equity loan in addition to the refinance, which can put the homeowner at risk of foreclosure if they are unable to make the payments on all of the loans.