Sep
30
Unreasonable home prices and mortgages will cause a major recession?
Filed Under Renting & Real Estate | 3 Comments
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
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
Sep
26
Were can I find a company or mortgage broker that can find or finance small Commercial and Multi Family loans?
Filed Under Renting & Real Estate | 4 Comments
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
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
Sep
25
where can I find the mathematical computations for basic mortgages and home ownership?
Filed Under Renting & Real Estate | 2 Comments
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
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
Sep
25
Anyone know a reputable bank that does loans on commercial vehicles at a reasonable interest rate? Thanks?
Filed Under Credit | Leave a Comment
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
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
Sep
16
Should I go with a small business loan or a commercial loan?
Filed Under Small Business | Leave a Comment
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
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