Can you roll a previous debt into a new home mortgage loan, and if you can does it rise your intrest rate???
July 24, 2008 By 2 Comments
Why is the home equity loan rate going up while mortgage rate is going down?
July 23, 2008 By 3 Comments
Liquid Equity G? a word that fits LEG as in “His home loan was a ARM (Adustable rate Mortgage) and a LEG”
July 22, 2008 By 2 Comments
concerned_earthling asked:
I am looking for an acronym that fits the word leg.
I started with Liquid Equity Grab.
As in the bank grabs the equity in your home.
Free up the equity in your home and really pay the bank more with a LEG (Liqiud Equity Grab)
That does not sound official like an ARM (Adustable Rate Mortgage) does.
I am looking for an acronym that fits the word leg.
I started with Liquid Equity Grab.
As in the bank grabs the equity in your home.
Free up the equity in your home and really pay the bank more with a LEG (Liqiud Equity Grab)
That does not sound official like an ARM (Adustable Rate Mortgage) does.
So here is the idea either a whole new acronym that fits the LEG or a word that starts with G that fits and sounds official.
The end result must be an official sounding phrase that uses the phrase an ARM and a LEG.
My house cost me an ARM and a LEG.
Question posted courtesy of: Caffeinated Content for WordPress
Real Estate Foreclosure Paralegal Practice and Procedure
July 9, 2008 By Leave a Comment
Real Estate Foreclosure Paralegal Practice and Procedure: 1995 Supplement
Foreclosure doesn’t have to be the end of the world
These days, foreclosures are affecting all kinds of people and properties. If you are facing foreclosures, you might feel feel helpless, hopeless, and resigned to giving up your house without trying to save it.
If so, cheer up! You actually have some good, solid options to take control of the situation, avoid foreclosure proceedings, and even protect your credit.
Depending on which option you choose, Stop Foreclosure Now will help you: * decide whether your property is really worth saving * figure out how much time you have to respond * negotiate with your lender * use the courts to stop the foreclosure * decide whether bankruptcy is a good option * arrange to refinance your property * sell your property quickly Includes all the necessary forms and step-by-step instructions.
The book is covers 5 specific topics
- Promissory notes, mortgages, and deeds of trust.
- Differences between judicial and non-judicial foreclosure
- Various strategies homeowners can utilize to stop the foreclosure and save their homes
- Specific foreclosure procedures in each of the 50 states.
- It includes a nifty map of each states and that state’s website (which you can access for updates on foreclosure laws).
The final section contains a glossary of commonly used real estate terms. This book is a valuable new addition to my real estate library, and I highly recommend it for anyone wanting to learn more about foreclosure
Finding a Home that Is Right For You
July 1, 2008 By Leave a Comment
They say it is a buyers market in real estate right now. If you are looking to buy a home, townhome, or condo now is the time to do it.
Trying to find something that has everything you want and is in your price range can be a bit tricky. How do you find the right place to call home?
The first thing you need to do is think about what it is your looking for. What kind of home? What neighborhood? What price range?
Once you have an idea what it is you’re looking for, you can start your search on the net by looking at listings of available properties. There are many websites you can visit to find 1000′s of bargain homes.
Once you find a property that you’re interested in buying, make sure you do your homework about the house. Don’t be ashamed to ask questions!
- Has there been any damage?
- How old is the roof and air conditioning system?
- How much are the cooling/heating bill?
- What is an estimate of what the property taxes will be?
- Are there any home owner association fees, how much are they and how often do they have to be paid?
- What would the total monthly payment be, including everything? Have there been any problems with the property?