About Borrow

• In finance, monetary [debt]
• In language, the use of [loanword]s
• [Carry (arithmetic)], when a digit become smaller than limit and the deficiency is taken from the next digit to the left
• In music, the use of [borrowed chord]s
• In the [Discworld] fictional universe - "the art of overlaying one's mind on the mind of another creature so that she can see through its eyes and steer its actions" as practised by the character [Granny Weatherwax]
• See [wiktionary:borrow] and [wiktionary:borrowing]

• [David Borrow]
• [George Borrow]
• [Nik Borrow], bird artist

Borrow

Questions and Answers

Can I borrow money against my house?

Q) I have a house that I own with the mortgage paid off. My Mum lives in it. I want to borrow £30k to use as a deposit for my own flat. Can I borrow against the house that I own that is paid off?

A) Yes, but make sure you keep up the repayments, otherwise you could end up losing both.

Should you borrow 100% of the value of the house?

Q) What do you think about those lenders which promise to let us borrow 100% of the value of the house? Is there any danger? I also want to know whether this type of borrowing will negatively affect your credit score. My sincere thanks,

A) We borrowed more than 100% and have had no problems and don't pay higher rates, but I would say go to a financil adviser, as they are best placed to help in a situation and can explaine any pitfalls.

Where can I borrow some medieval stocks for a funday in June - needs to be around Northamptonshire please?

Q) I need to borrow some stocks for a funday in June, to be held in Northamptonshire, UK. I don't mind paying to borrow them. I also have transport to collect and deliver them back.

A) Get someone to make them. It's simple.

Borrow to invest?

Q) Is it possible to borrow money on investments that I already have and If so what rates would I be charged and what percentage of my portfolio would I be lent.

A) Yes you can borrow to invest. Most banks will be delighted to do so. The rates will vary from institution to institution. Brokerage firms will lend 50% on stocks in your account. Their rates normally drop with the more that your borrow. U S government bonds can normally be purchased with 10% margin. Not recommended. Banks will often lend 90 to 100% of the value of realestate. Well, they once did anyway. They may have learned their lesson by now.

Can I borrow my neighbour's Sky card?

Q) I don't have Sky Movies - I have the Sky Sports package. My neighbour has the whole lot - Movies, Sports, etc. I want to watch the Oscars on Sunday night which is on Sky Movies, but I don't think he'd appreciate me watching it at his. Can I borrow his blue Sky card and plug it into my box for a night? Is this legal? Can it cause problems for either of us?

A) yes, but you will have a phone call to make before it will work. my sky box just died, i got another from my dad, put in my card, no good. phoned a lovely lady at sky who did stuff her end and got it all together! sky's great.

Do you borrow your partner's formal dress shirt? If so why?

Q) Wondering if females like to wear their boyfriend's/husband's smart and formal dress shirt's, i.e. a crisp white shirt they wear to work? I wish my girlfriend would borrow mine but she never does. - if you like your man's shirt then for what reasons do you like to wear their shirt?

A) no cause it would fit me like a dress

would you borrow on your mortgage to pay for a car?

Q) I would like a new car plus there are a few jobs to be done on the house. Would you borrow it all on the mortgage? Id say about £20k. House is worth 150k and i owe about 85k.

A) No, it is not good to borrow money to begin with. Especially if you are borrowing against your home. You never know how things are going to go and if you lost your job or something worse happened you'd loose everything!

Can I borrow?

Q) Can I borrow your mobile phone charger? My battery is flat and I am at work so cant play any mobile games. What a pain

A) you can............!!

Can I borrow your boyfriend/husband?

Q) I'll let you borrow my boyfriend (but he's a bit useless).

A) You can have him.

can i borrow on my morgage?

Q) hi can any1 tell me if we can borrow money on our morgage with halifax but dont want to remorgage

A) You can ask them for a further advance. Its all quite simply and they can do it all for you. If you go for a variable rate then when your mortgage deal ends you can revamp the both into one saving you MORE money.

Would you let anyone borrow your Xbox 360 ???

Q) Would you let anyone borrow your Xbox 360 ??? Reason I'm asking is because there's this friend of mine who always keeps bugging like me almost every week asking; " can I borrow your Xbox 360 ??? " The last time I allowed him to borrow something was one of my playstation games. Days passed, then weeks, then months and he never returned it. A few months later when I asked for it back, he denied that ever borrowed it from me! I mean what the hell, cause I remember very well when he asked if he could borrow one of my games. And now, he wants to borrow my Xbox 360 which I just recently bought and is brand new! What do you guys think ???

A) NO dont let him why because i have a xbox 360 to with xbox live and its amazing and if you let him borrow it he would break it or never return it now think dont let anyone borrow a $400 system. I never let my friends borrow my xbox 360. reasons why to never give xbox 360 to friends they will break it they will screw it up your xbox live will not have your original friends list they will misplace something or they will beat the living hell out of it they will charge money on the credit card change your gamertag to something gay like "buttmuncher" and then one your parents get the credit card bill they will ethier kill your xbox 360 (if its not dead yet) or you.

Borrow money from low interest credit card and invest it in higher interest yield account?

Q) I got an offer where I can borrow money from my Credit card for 1.99% APR until Feb. 2008. There is a fee of $75.00 which is minimal as the amount I would borrow would be about $18,000. I can take this money and invest it in a savings account that has an APR of 5.35%. I can make the monthly payment straight out of the account and make an effective 3% interest on the money. Would this be a good idea? The only down fall I see is how the extra debt would affect my credit score over the next year (currently in the mid 700's). However, I do not plan on borrowing any money over the next year and a half.

A) I haven't read the specific offer, but sometimes the "teaser" offer is for purchases and balance transfers only, and cash advances are at a higher rate (sometimes a much higher rate!) Please read the fine print to make sure that this isn't the case before you do this. Otherwise, it sounds like a good deal. If you can find a good savings account that can be funded via credit card, all the better.

Borrowing Neighbors? What's the funniest or oddest thing your neighbor has ever asked to borrow?

Q) I have had them ask to "borrow" a beer, a VCR, my car,my lawnmower and last night was the topper. They asked to plug in an extension cord to "borrow" my electric because their's was turned off. Somebody please top that one! (this isnt the same neighbor, different neighbors at various homes i lived in)

A) I had a neighbor who sent all 4 of her kids over to my house one at a time to borrow a pack of chicken, a can of corn, some uncooked rice and a cigarette.

Borrow from bank @ 9% or family trust @ 7%...pro's and cons, please?

Q) My wife and I applied for an auto loan. We can borrow traditionally from a bank @ 9% or can go thru a family trust @ 7%...which makes sense because we can borrow more cheaply and pay the family more than they can fetch in today's current interest rate environment (it would save a couple thousand dollars over the term of the loan). However...we want to buy a house in a few years so WILL A BANK LOAN REPAYMENT OUTWEIGH THE LOWER INTEREST COST WE CAN RECIEVE NOW, meaning will this enable us to borrow at a lower cost when it comes mortage time. Thanks

A) I borrowed from my family trust, I feel I did the right thing for myself.

*I need to borrow $400 for a period of 3 years. i have a choice of borrowing from a bank?

Q) I need to borrow $400 for a period of 3 years. i have a choice of borrowing from a bank? which lends at 5 1/2 percent simple interest, or another bank which lends at 5 percent compounded quarterly, at what bank is it cheaper to borrow how to solve this what is the solution? this is just an example of my sisters assignment, not realistic, but i do hope you could help me with the solution

A) The first bank that lends at simple interest is the cheaper bank. They are charging you one flat rate for the year. When something is compounded quarterly, that means they are adding the interest to the amount you are borrowing every three months, and you are paying interest on your interest. The second is more desirable if you are putting your money in a savings or CD account, but not for borrowing. Hope this helps.

Would you ask to "borrow someones cat" or would you let someone "borrow your cat" if they had a mice problem

Q) Would you let someone borrow your cat? Would you ask to borrow someones cat? My sister in law sms'd me and asked and i quote "can we borrow your cat for a couple of weeks, we want her to get rid of the mice that are coming back into the house" I was set back that she would actually ask me this. She knows how much I love my cat. I said no and felt really bad because they're having a baby and she said that they want to get rid of them by the time the baby comes - so none of them get sick. Wouldn't you find another way to get rid of mice? In the msg she said the mice got into my brothers stash of weed. Ok, tell me if i'm wrong, but they must have noticed the mice were bad before this happened - so to me it seems they're only doing something about it now because it ate his weed. Not to mention smoking that crap and having a baby soon isn't really a good parental move. Sorry to babble, BUT would you let someone borrow your cat? Am i wrong to say no? Also where they live, if my cat got out it would most likely be run over by a truck, or eaten by a dog ect - not the safest place for a cat! Yeah i cracked up thinking about what the mice would have done after eating the weed 2. hah. They would have gotten the munchies big time

A) not all cats will catch mice...get an exterminator

Do you borrow other peoples' stuff?

Q) I have borrowed something that I am sure I have returned the other person say not. Now what, do I pay for the borrowed item, ignore it and don't borrow again?

A) No, I don't borrow peoples things. I have my own things. It's annoying when people borrow from me and don't give it back. You should give the item back.. cause it's kinda sad to keep someone else's things.

Looking to borrow a pokemon?

Q) I want to get regigas but I need to have the three regis. So I am borrowing them but so far I only have registeel. So I need to borrow someones regice or regirock. So please let me borrow one of the two. sean 3479 9508 5078

A) if i let u borrow them u gotta give me some good pokemon i can keep as a reward for being so generous email supermariobros08@yahoo if ur interested

My friend borrowed two items from me and broke them. Should I let him borrow again?

Q) I let my friend borrow my laptop two weeks ago. When I got it back, a part was broke off and the wireless adapter was bent, so I assumed he dropped it. While ago, I got my hair clippers back from him. They make a funny noise and will not cut at all. Now I have to go buy a new set of clippers. If he asks to borrow anything else, should I let him?

A) Nope. He should also offer to pay or repair what he broke.

withdraw or borrow from retirement?

Q) Everyone says never withdraw or borrow from retirement, but I think every situation is different. I'm 35 and have 130k in retirement (which I consider to be a respectable amount for my age). I put alot in early and it paid off for me. I recently got divorced and rather than give my ex 50% of my retirement, I choose to basically pay her 40% now. I assumed some of her debt and gave up my half of the equity in the marital home. Unfortunately, now I am a little strapped for cash. I am prepared to borrow $50k from retirement, but would like some advice. My thinking is borrow the money, but double my pre-tax investment from 5% to 10%, that way over time my retirement will be ok. Negative is that I will have a short paycheck for 5 years. Another option is just to withdraw $50k, but I know the taxes and penalties will kill me. I don't know the specifics on that. Any advice? To clarify, my job is extremely stable. I'm an engineer for the federal gov and do not plan leaving.

A) You're 100% right...every situation is different. It might be an appropriate thing for you to do. First I would want to know is safe is your job. The answer needs to be 100%. If you were to leave, quit, get fired, laid off or whatever while the loan is outstanding then you will have to either convince your new employer to allow you to rollover the loan or it will become taxable to you and you'll owe taxes AND a 10% penalty. If it happens in year one you're looking at quite possibly $20k in taxes. Don't even bother with the withdrawal for that same reason. Paying 20k to get 30k is not worth it under any circumstances. And, not likely you could get that much without quitting anyways. And being short from a divorce is not reason to allow for a hardship so doubtful withdrawal is even an option. I ran numbers assuming 7,500/yr in deferrals, 8% return and 8% interest on loan. Without the loan you end up with 2.74 million at age 67. Stopping your withdrawals for 5 years with no loan and you end up with 2.36 million. Taking a loan of 50k, making just the loan payments for 5 years then restarting deferrals also gets you 2.36 million. Taking a loan of 50k making loan payments and 7,500 deferrals gets you back up to around 2.75 million again. Simple calcs yes and don't include inflation but you get the gist. So, you can see...taking the loan and just paying it back while not continuing to defer is no better or worse then stopping your deferral and you don't have the possibility of default hanging over your head. And taking the loan won't kill you if you can afford to make the payments and keep your deferral rate. So it's up to you...and your personal situation? Will you still be at same company in 5 years, can you afford to pay back 1k a month AND continue to defer 5% of your income? If so...take the loan.