KnottedBrain asked:


Having to pay $700,000 (not including taxes, lawyer fees, engineer, and a bunch of things) for a home that is really worth only $250,000 (and really was listed at that price a few years ago) is going to cripple the economy. Taking out loans in huge amounts will result in skyrocketing mortgage payments and massive (and unfair, imo) profits for the banking industry. The banking industry makes an insane amounts of money and does not adjust their interest rates accordingly with the public that has deposited their money into the bank.

PERCY

h b asked:


I am currently in the market to buy a five unit multi-family property listed at $180,000. Because it is considered a commercial property I’m having a hard time finding a lender that does commercial loans under $500,000. I should be able to put 20% down by drawing equity out of another propriety so I don’t foresee there being a problem financing it. I would appreciate any suggestions.

GUADALUPE

John E asked:


I want to purchase a home, and have difficulty figuring out PMI, my monthly mortgage and additional fees.
Can you show me where to find some basic info and/or training on how to best learn the basics?
I need to learn to find out the bottom line thanks !

GLEN

John B asked:


Anyone know a reputable bank that does loans on commercial vehicles at a reasonable interest rate? I need a fast decision. We were pre-approved, but when I told them I was looking at a 2004 with 13,000 miles on it, rather than a 2006 I had originally looked at, they changed the terms to something unpalatable to me. Any links appreciated.

JUNIOR

heavyhauldad asked:


I am wanting to purchase a truck and trailer. Should I get a small business loan or a commercial loan. I am wanting to drive for myself not somebody else. I have an idea on want to do as far as truck driving and I have the experience to do so, just not sure as to which route I should take. HELP, please.

COLBY

pakijr786 asked:


Can the broker hold a loan officers license while a commercial loan is in the pipeline. When the loan officer does not want to close with the current company? also, can i move the loan to my new company?

RIGOBERTO

annrenee11 asked:


I filed for bankruptcy two and a half years ago after getting divorced. I am now trying to buy an existing bar/grill. All the lenders I spoke to will not loan to me till after my bankruptcy is off my credit report(another 7 1/2 years), even though my credit score is average, I have money down, collateral, cosigner and would have equity in the business property.
Does anyone know somewhere that would consider giving me funding???

JAKE

callie asked:


we are looking to finally purchase a home. but we have no money to put down.. our credit score isnt severe its between 530-575 .. but how do we find a mortgage loaner in our area that will help.. we live in southwest florida and prices are still a little high on a 4-5 bedroom (what we need 3 kids and mil)

LEON

jackbutler5555 asked:


Banks have a lot of experience with projections of income based on fixed-rate mortgages. But do/did they have enough experience to be able to predict the income from the very, very large number of unconventional mortgages? Given what they know now, do you think they would have projected the same income?

PATRICK

Sylvia asked:


my friend’s primary home mortgage is paid off. she want to take a mortgage on the primary home in order to buy a second/vacation home. Can he deduct the taxes?

WELDON