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
Jun
2
Why do businesses like home mortgage(CountryWide) lead money to people who can not pay it back?
Filed Under Corporations | 3 Comments
smbrpcv asked:
From the news media, there are a lot of home foreclosures from mortgage companies such as Countrywide. The employees who write these loans have business degrees and experience in home mortgages yet they go ahead and create and approve loans that can’t be repaid! Can anyone explain to me why would any business do something like this?
KRIS
From the news media, there are a lot of home foreclosures from mortgage companies such as Countrywide. The employees who write these loans have business degrees and experience in home mortgages yet they go ahead and create and approve loans that can’t be repaid! Can anyone explain to me why would any business do something like this?
KRIS
Jun
1
How do you get a mortgage or commercial loan for an apartment building without a lot of capital?
Filed Under Renting & Real Estate | 3 Comments
drf2684 asked:
I have found a good business opportunity in a 6 unit apartment building however I am short on capital. Are there any inventive ways to receive funding for such a venture? How did you find the money to buy an apartment building?
JEFFERY
I have found a good business opportunity in a 6 unit apartment building however I am short on capital. Are there any inventive ways to receive funding for such a venture? How did you find the money to buy an apartment building?
JEFFERY






