Jun
30
There are at least 2 different types of home equity 1st mortgages out there. Does anyone know what they are?
Filed Under Renting & Real Estate | 1 Comment
abbott_rw asked:
I am looking for a 1st mortgages heloc. I know that Macquire Mortgage is one but I don’t know the other.
The product I am looking for is fairly new. It is a 1st mortgage HELOC. It is a loan just like a 30yr. mortgage that most people use to purchase their house. The difference is that it is a heloc which you use for the mortgage. Most helocs take advantage of the equity in your house, however, this product is what you use to originally purchase the house. I can think of one which is offered by Macquaire Mortgage called the Assest Manager. However, I know there is at least one more I just cannot remember the name of the company. Does anyone know the company or ever heard of this type of loan?
HANS
I am looking for a 1st mortgages heloc. I know that Macquire Mortgage is one but I don’t know the other.
The product I am looking for is fairly new. It is a 1st mortgage HELOC. It is a loan just like a 30yr. mortgage that most people use to purchase their house. The difference is that it is a heloc which you use for the mortgage. Most helocs take advantage of the equity in your house, however, this product is what you use to originally purchase the house. I can think of one which is offered by Macquaire Mortgage called the Assest Manager. However, I know there is at least one more I just cannot remember the name of the company. Does anyone know the company or ever heard of this type of loan?
HANS
Jun
27
if you have a home and would like to get a modular home.Do you pay two existing mortgages,how does it work?
Filed Under Renting & Real Estate | 1 Comment
eveyc@verizon.net asked:
I have bought a home 3 years ago,I was wondering if we could get a modular home in the near future.But how much would it be the mortgage.Does it double the payments or is a contruction loan then converts into a regular loan?I am not sure of how it works
JESSIE
I have bought a home 3 years ago,I was wondering if we could get a modular home in the near future.But how much would it be the mortgage.Does it double the payments or is a contruction loan then converts into a regular loan?I am not sure of how it works
JESSIE
Jun
20
Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages?
Filed Under Renting & Real Estate | 3 Comments
itsjunglepat asked:
I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan?
Are we saying that a home equity loan automatically shows as a lien?
BENITO
I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan?
Are we saying that a home equity loan automatically shows as a lien?
BENITO
Jun
14
Have the standards for securing a Commercial Loan changed as the home mortgage loans?
Filed Under Renting & Real Estate | 1 Comment
jason asked:
Is it going to be more difficult to secure a 800K Commercial Building loan than say 6 months ago? I will be in the market for that kind of loan in the next week or two and haven’t a feel for the market right now.
BENJAMIN
Is it going to be more difficult to secure a 800K Commercial Building loan than say 6 months ago? I will be in the market for that kind of loan in the next week or two and haven’t a feel for the market right now.
BENJAMIN
Jun
12
SpotsB4myeyes asked:
How — and if so, how much — will an additional interest rate cut from the Fed affect business start-up loans?
JAN
How — and if so, how much — will an additional interest rate cut from the Fed affect business start-up loans?
JAN




