Home Equity Refinance?
Saturday, 31. July 2010
Saturday, 31. July 2010
Friday, 30. July 2010
I was given a second as a promissory note that I recorded on my house sale. When I google-earthed it, the house looked empty but could not see a for sale sign. Getting worried.
Friday, 30. July 2010
I went to look at a house yesterday and the real estate agent was explaining to me that the homeowner had bought the house for more than he was selling it for and that he had also taken out a home equity loan on the house. She said therefore it was the bank that would decide whether or not they would be accepting out bid because he owes more on the house than he can make off it. She didn’t say he was in foreclosure at all but she used a term for the situation that I can’t remember, I believe it was something having to do with stop or step, does anyone know?
Friday, 30. July 2010
I took a home equity loan out a while ago and in this market, my equity has dropped considerably.
If I were to sell my home, I could pay off my 1st mortgage, but I’d still have a balance of about ,000-,000 on the 2nd mortgage. Do lenders transfer 2nd mortgages to a new home?
Friday, 30. July 2010
My dad has stated that he is interested in assisting me with a down payment for my first home. I look at this as an investment for him while helping me and assume that once I pull equity out of the property I can repay him plus interest. What is a reasonable interest amount for my father?
Thursday, 29. July 2010
I can only afford to pay my first mortgage and I can’t refinance the loan because of the decreased home value and bad credit.
Thursday, 29. July 2010
Would it be a good ideal to get a home equity loan to purchase an investment property. Considering the markets today should I just leave well enough alone
Thursday, 29. July 2010
Also how would I GET A PRIVATE investor to loan me money for property? It would never be a good deal for the investors would it? Say you take where I live if you spent 1 million you could buy a 10 room apartment complex and if you rented it it would generate about 5,000 a month. Now pretend I wanted an investor to get me the million to build them and let’s say I own the property but am just paying for the building. Pretend I gave him 4 thousand of the five for say 10 years that’s 480,000 dollars return so far but let’s also say after that 10 years the security he bought turns into equity but it is still only worth 500,000 since half so the investor wouldn’t get any return
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