eLoanz

Home Financing, Loan Modification and Short Sale Source


Archive for August, 2009



Hard Money Loan then Refinance?

Monday 31 August 2009 @ 6:51 am
short refinance


I want to get started as a real estate investor, but of course banks have tightened up on their financial products.

Here is my thought: What if I got a hard money loan then refinanced it? Would that work? Are banks more comfortable with refinancing than they are with mortgages?

I’m seeing that hard money loans are easier to get, but they are extremely expensive and short term. So my plan is to get a hard money loan, make some payments to show good payment history. Then refinance. Twice if possible.

thoughts?

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If I start to negotiate a short sale on my house can my retirement (403b, IRA) be touched?

Sunday 30 August 2009 @ 9:37 pm
negotiating short sale


I know that banks look at your assets when negotiating short sales, but are retirement accounts included. Is there a way to hide that money or any money? I am drowning under my mortgage, but I don’t want foreclosure and bankruptsy. I owe 556,000 combined two mortgages and I still can’t sell my house at 540,000. It was appraised at 640, 000 at the beginning of the summer, but there is too much inventory and too few buyers. HELP!!!

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how do I get a job as a reverse mortgage processor?

Saturday 29 August 2009 @ 8:33 am
reverse mortgage


I want to change my field of work and I do not know where to get trained.

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What is the difference between a 1st mortgage, 2nd mortgage, and home equity loan?

Saturday 29 August 2009 @ 8:30 am
equity lenders


I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.

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Will a loan modification, on my 1st mortgage, effect credit bureau?

Friday 28 August 2009 @ 10:07 pm
loan modification


I am applying for a loan modification. If I decide later to sell my home, will this loan modification effect my credit report, so I am unable to purchase a new home?

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Can I pay on my reverse mortgage while still in the plan ?

Friday 28 August 2009 @ 7:52 pm
reverse mortgage


I have a reverse mortgage and my child wants to give me money to pay the interest so when I’m gone it will be less on the balance.

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Where can I found a good loan modification company?

Friday 28 August 2009 @ 5:57 pm
loan modification scam


There all was lots of advertisements on google yahoo cnn about loan modifications I just need to find a good and legit company to go with.
Here my situation

Im in a option arm and i cant refi because i have no equity

Please help me, I dont want to get scam from a loan modification company

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What is reverse Mortgage, What is its benefits and Eligibility?

Friday 28 August 2009 @ 5:52 pm
reverse mortgage


What is reverse Mortgage, What is its benefits and Eligibility?

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what can you do if the lenders want give you a loan modification?

Friday 28 August 2009 @ 2:00 pm
loan modification


I need to know if the mortgage lenders can turn you down for a loan modification. What do you do then?

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How do I talk my dad out of getting a Reverse Mortgage Loan?

Friday 28 August 2009 @ 10:38 am
reverse mortgage


We own our house, & my dad wants to get one. I really don’t want him to mess with the equity of our house. Please, can some one tell me how I can prevent this? I am looking for all the “Worse information I could find” to give him, or put it this way, I am trying to give him a list of really good reasons why he shouldnt’ get one. Thank you all very much!

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