Archive for August, 2009
Monday 31 August 2009 @ 6:51 am
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?
Sunday 30 August 2009 @ 9:37 pm
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!!!
Saturday 29 August 2009 @ 8:33 am
Saturday 29 August 2009 @ 8:30 am
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.
Friday 28 August 2009 @ 10:07 pm
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?
Friday 28 August 2009 @ 7:52 pm
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.
Friday 28 August 2009 @ 5:57 pm
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
Friday 28 August 2009 @ 5:52 pm
Friday 28 August 2009 @ 2:00 pm
I need to know if the mortgage lenders can turn you down for a loan modification. What do you do then?
Friday 28 August 2009 @ 10:38 am
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!





























