Approx. 24 hours before my Fiances Settlement, I was then told by my Fiance that he nor his Parents could pay me back. Bank alfalah personal loan scheme flipped.
Then he tells me that the Loan Officer told him that he could put me on the title to the house, within 3-6 months after the Loan closed so I wouldnt be so worried. I was upset, but I couldnt dispute the Wire Transfer with my Bank, in time…. to have them reverse it, and to STOP Settlement. I bit the bullet, held my breathe and KNEW I made a horrible mistake.
These people committed Mortgage Fraud, and conned me out of my money, to help my Fiance get a Mortgage with MY MONEY.
If your employer allows 401(k) loans - not all do - you typically can borrow as much as half your account balance, up to 50,000, and you have five years to repay it. However, if you dont make payments for bank alfalah personal loan scheme days, the loan is considered taxable income. And if you quit or lose your job, you typically have to repay the 401(k) loan shortly thereafter.
Borrow against life insurance: If you have a life insurance policy that has cash value, sometimes called permanent life insurance, you can borrow against it and have the rest of your life to repay it. If you dont repay, the insurance company subtracts the money from the policy payout when you die.
But you cant borrow against a term life insurance policy, which is the more common type.
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