If you're looking for cashandlooking to pay off your home loan, however,a reverse mortgage may be your best bet. Areverse mortgageallows homeowners (62 and older) who have completely paid off or paid most of their mortgage, to take out a portion of their home's equity. This would qual...
While a 6% loan is really a 4% loan after the write off, (very cheap money), by the time you factor appreciation into it (Say 8% as a very conservative Portland-ish number) you are making a net gain off someone else's (the Bank's, aka "The Man's") money. If in addition to...
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After 9 months of site development and going in to the first of 12 pre determined closing dates, I was given a notice of demand for full payment of the loan back to the bank. No problems, interest carry built into the loan for 24 months. The nationwide home builder canceled ...
Q: We thought we sold our home. When we phoned our realty agent to see how the buyer was doing getting a mortgage loan, she said she didn’t know because neither the buyer’s realty agent nor the buyer returned her phone calls. The scheduled closing date has come and gone. We only ...
The phrase “loan origination” refers to the initiation/completion of the home loan process, while the “loan origination fee” is the cost of the associated service. Yes, mortgage lenders and brokers need to make a living, they aren’t working for free, so they must charge fees and/or ...
loan for these speculative properties but I found it quite easy. Anyway I think it’s important for the credibility of the fed that all these foolish dummy bankers and investors learn their lesson, if the fed bails them out, all of them will just go back to buying risky assets assuming ...
If you are this disciplined, you can also try to get a low mortgage interest rate and invest wisely so your return in the market outweighs your mortgage rate. While a 6% loan is really a 4% loan after the write off, (very cheap money), by the time you factor appreciation into it ...