Posts Tagged ‘fha loan’
Thursday, February 25th, 2010
Here is what I’m interested in doing … have an eye on a great condo, list prices were around 0k a few years ago, but they are just building and did it right during a down turn in real estate in the area. As a result they dropped the asking price to about 5k. We got a good walk thru with a realitor and she said cash is king here and if they have a cash buyer she knows they’ll likely settle in around 0k just to move the first few units (they build them by the entrance and that was a bad choice!)
So … my credit isn’t going to help with a conventional loan since it can’t be an FHA loan since the project is only about 15% complete and apparently they must do conventional loans for until the project is further along (that’s what the told us, so it was limited to 1 bank) …
Now to the point, I have a relative who may have around that amount in liquid finances. Can they "lend" me the money to purchase the condo and in turn I would then take out an equity loan to repay them? It should appraise at well over 0k and all I would need to to is pay them back to be free and clear. I’m guessing we could even wait a little while to pay them back (build credit up higher?) but I’d like to do that sooner than later.
What are my limitations? Is credit going to bite me on an equity loan if I own outright? Any resources, tips, info would be appreciated!
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Tags: amp, arizona foreclosure, asking price, auto loan, bankruptcy, bioshock, cash buyer, cash is king, condo sales, conventional loan, conventional loans, equity loan, fha loan, foreclosure homes, foreign exchange market, gm, mario, money, newegg, real estate, realitor, s market, south beach
Posted in what is home equity loan | 1 Comment »
Sunday, February 21st, 2010
I HAVE A HOME EQUITY LINE OF CREDIT. I HAVE TO PAY ABOUT 75,000 AND HAVE A FIXED RATE AT 7.45 %. MY MONTHLY PAYMENTS ARE MOSTLY INTEREST ABOUT 0. I TALKED TO THE BANK AND THEY SAID I COULD GET OUT OF THE 7.45% FIXED INTEREST RATE AND GET A PRIME RATE AT 3% AND I’D BE CHARGED A ONE TIME 0 CANCELLATION FEE. WHAT I WANTED TO KNOW IS SHOULD I CANCEL THE LOCKED 7.45% AND GET THE PRIME RATE? WHAT ARE THE PROS AND CONS?
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Tags: 30 year fixed mortgages, adjustable rate mortgage, cancellation fee, credit card debt, debt consolidation loan, debt interest, digital signage, equity line of credit, fha loan, fixed interest, fixed rate, home equity line, home equity line of credit, Home Equity Loan, interest rate, investment tips, junior research fellowship, loan guidelines, loose diamond, mortgage maryland, prime rate, private student loan consolidation, professional credit, pros and cons, student loan consolidation
Posted in heloc rates | No Comments »
Thursday, February 11th, 2010
I am already a homeowner. However, due to divorce and finishing up grad school (PhD program) I am both in debt and have shaky credit (FICO about 550). I have already used an FHA loan for my first home and can’t rely on that because I still own it and can’t have two FHA loans. Does anyone have knowledge of other programs out there? I may too much for a low-income loan, etc. I could probably pay about 5% down payment if I took out a home equity loan against my first house.
Income is about 75K a year. Thanks!
A) I don’t live in the town where I own my other home and need housing! Owning is better than renting investment wise
B) It’s actually easier to get a house when you already own one!
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Tags: carnegie pa, credit scoring, fha home loans, fha loan, fha loans, fha mortgage loan, fico, fioretti, first house, first snow, first time home buyers, gop opponent, grad school, harmonics, Home Equity Loan, income loan, jersey mortgage, loan period, rio grande, startl, startup investment, time home buyers
Posted in about home equity loans | 1 Comment »
Saturday, February 6th, 2010
Thinking about selling but I will walk away with practically nothing. Any zero down or 3% FHA left ?
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Tags: alamo city, auctions, canada, conventional loan, dear baby, dollar down, fha, fha home loan, fha loan, fha mortgage, loan comparison software, mortgages, patient zero, prototype, realtors, rental property owner, retirement, software escrow, zero down
Posted in zero down home loans | 1 Comment »
Saturday, January 16th, 2010
I have done loan modification with my first mortgage.
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Tags: bank loan, center expert, commercial equity, equity line of credit, fha loan, first mortgage, foreclosure, hardship letters, heading, housing bailout, insurance, loan modification, mortgage market, mortgages real estate, private mortgage insurance, second mortgage
Posted in home equity line of credit | 1 Comment »
Friday, November 27th, 2009
I am considering the Deed in lieu of foreclosure option but I have a Home equity line of credit on my house. Is this something that can still be done? BTW I live in Florida if that has any bearing on the answer.
Thanks in advance for any advice
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Tags: bearing, bsa motorcycle, buying a house, christmas gifts, deed in lieu, deed in lieu of foreclosure, equity line of credit, equity mortgage, fha loan, fha mortgage, foreclosure mortgage, halfords, home equity line, home equity line of credit, Home Equity Loan, home equity loans, jonathan bean, mortgage calculators, mortgage holders, mortgage home equity, prepayment penalty, thanks in advance
Posted in home equity line of credit | No Comments »
Monday, November 16th, 2009
I am buying my first home with an FHA loan. The mortgage company I am using doesn’t do a 203K loan and I would like to use money to improve the house. I was approved for ,000 more than purchase price and only want K max. My credit is not perfect… I’m trying to find out the chances of being able to get a home equity loan with a first mortgage. The house is valued 7K and the loan will be for 9000. Any help would be great!
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Tags: 203k loan, 203k mortgage, blog archive, denver mortgage, ditty, favorite puppy names, fha home loans, fha loan, first mortgage, high score, Home Equity Loan, home inspector, k max, money, mortgage company, mortgage home equity, mortgage lenders, mortgage loans, nikky, nobrega, seattle mortgage, types of home loans, weekly mortgage
Posted in what is home equity loan | 1 Comment »
Saturday, November 7th, 2009
It has 10,000 shares of equity outstanding, selling at 0 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of 0,000 with the proceeds used to buy back stock. The high-debt plan would exchange 0,000 of debt for equity. The debt will pay an interest rate of 10 percent. The firm pays no taxes.
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Tags: benefit concert, bucking bronco, credit crunch, credit score, debt consolidation, debt issue, debt plan, dendreon corp, economic trend, fha loan, financial transaction, getting out of debt, haleigh, interest rate, oracle financial, personal groups, personal injury settlements, proceeds, stock, stock market crash, stock market news, taylor rule, two choices
Posted in equity financing | 1 Comment »
Friday, November 6th, 2009
Taking the house off the market we are not eligible to refinance because of the rules by the government How can we do a home equity loan and where can I find the current fixed rates? Thank you
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Tags: bad credit, blog, cambodia travel, cop killer, credit loans, fha loan, fha mortgage, financial loans, girlfriend, home equity line, Home Equity Loan, home mortgage rate, insurance, internet censorship, internet girlfriend, loan guidelines, loan internet, lohud yankees, mesothelioma, mortgage license, mortgage loan, phnom penh cambodia, proposal amounts, unemployment insurance, usda loan, wkzo
Posted in Home Equity Loan Refinancing | 2 Comments »
Monday, November 2nd, 2009
if i buy a house for ,000 throught the fha loan and the house is worth 5,000 will there be Equity in the House
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Tags: fha loan, home buyer, home loan, kawasaki, loan modification, mortgage loan info, tax credit
Posted in no equity home loan | 1 Comment »
Related ‘fha loan’ sites :
 | Let FHA Loans Help You - HUD FHA loans have been helping people become homeowners since 1934. ... FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. ... www.hud.gov/buying/loans.cfm |
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 | FHA loan - Wikipedia, the free encyclopedia FHA loans have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. ... en.wikipedia.org/wiki/FHA_loan |
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 | FHA Loans - Pros and Cons of FHA Loans In most cases, FHA loans are mortgages obtained with the help of the FHA. With a small down payment, buyers can purchase a home. FHA loans make it easier... banking.about.com/od/mortgages/a/FHALoans.htm |
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 | FHA Loan Pros - FHA Mortgage Guide FHA loan news & advice from the experts: 2010 FHA loan requirements, loan limits, FHA refinancing and new home loans. The best FHA mortgage rates & FHA Lenders. www.fhaloanpros.com |
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