Top 3 Ways to Purchase Commercial Property With None of You Own Money!
Posted on February 6, 2012 - Filed Under mortgage | Leave a Comment
Commercial real estate investment is an industry of abundance. There is literally an unlimited amount of money available to people who want to borrow it. So much, in fact, that you can literally purchase millions of dollars worth of commercial property without using one dollar of your own money!
Unless you already have millions of dollars at your personal disposal to invest, or are fortunate enough to have come from a family of wealth, borrowing money is the only way to become a commercial real estate investor. It is a great way to purchase commercial property, even if you have your own millions already, because you don't have to worry about losing your personal money. In fact, that is how many multi-millionaire commercial real estate investors make their money- by not using their own! If you don't use it, then you never lose it.
Removal of a 2nd Mortgage Through Chapter 13 Bankruptcy
Posted on January 22, 2012 - Filed Under mortgage | Leave a Comment
Chapter 13 Bankruptcy offers an important, and often unknown, option to consumers who have residential real estate mortgages. Namely, removing a junior lien holder or "2nd" from your debt. Since the value of real estate has decreased, a common complaint I hear is, "I cannot believe I am paying more than my house is actually worth."
If you purchased a home in the past three to four years and financed with 80/20 mortgages, or if you refinanced your home and took out a second mortgage, chances are you can completely remove that second mortgage and other junior liens from your home.
Mortgage
Imagine...file a chapter 13 Bankruptcy to eliminate all your credit card debt, reduce your car payments, cure the back payments on your first mortgage and now, entirely remove your second mortgage.
Tax Deed Investing – What is an "Upset" Sale?
Posted on January 13, 2012 - Filed Under mortgage | Leave a Comment
In Pennsylvania, some counties have two different tax sales; the "upset" sale, and the "judicial" sale. If tax sale properties are not sold at either of these two sales, the property then goes on the "repository" list and can be sold by private bid. The upset sale is held every year in the fall. It's called an "upset" sale because the minimum bid for the properties in this sale is known as the "upset" price; which includes any unpaid taxes from the county as well as any municipal liens. If a property is not sold in this sale, it is sold in the "judicial" tax sale in the spring. Not all Pennsylvania counties have judicial sales but they all have an upset sale.
Are Mortgage Rates Going Down? Find The Answer Now
Posted on December 21, 2011 - Filed Under mortgage | Leave a Comment
Wondering are mortgage rates going down is a very common question.
This is a common question that you may want to know if you are in the market for your next mortgage. This is a delicate time in your life. You may used to have a home that you bought without any worries, but sadly this has changed. More people want more information about this process. This can help you to be more careful in a market that many deem unstable. You need to find the right tools to help you understand the process and this can help you to find something that you are completely satisfied with.
Refinancing Property Investments
Posted on November 30, 2009 - Filed Under mortgage | Leave a Comment
Why should you consider refinancing real estate investments instead of selling them? Perhaps you have owned a rental property for a long time you have cleared the mortgage, the value is up, and you wish to cash in on that equity. You may do better to refinance. Here's why.
There are 2 Problems with selling. First, selling means paying an enormous capital gains tax. You can avoid this if you reinvest through a 1031 exchange, but then the point is that you would like your money, right? 2nd, you will be giving up your inflation-indexed retirement plan. A good rental property generates more earnings as leases go up.
Refinancing property Investments Is Better
Florida FHA Home loans, FHA home loans for Florida homebuyers
Posted on November 17, 2009 - Filed Under mortgage | Leave a Comment
<a href="http://www.fhamortgagefhaloan.com/">FHA Loan Guidelines For Florida homebuyers
What is a FHA home Loan you ask? Is an FHA home loan the right option for me? At <a href="http://www.FHAmortgageFHALoan.com" target="_blank">www.FHAmortgageFHALoan.com we are here to answer your FHA mortgage questions. We specialize 100% in government-backed FHA home loan programs.
There are certain FHA loan guidelines you must adhere to in order to be FHA approved for an FHA home Loan. You must collect all the necessary information and put it together in a file, and send it to the FHA mortgage underwriter. The FHA home loan underwriter is the rep for the FHA Lender who reviews your FHA loan request and determines if you are approved, denied, or suspended in FHA Home loan. You will also want to verify the FHA mortgage limits in your area. FHA Loan limits are updated by the HUD on various occasions.
FHA home loan is fast become Floridas mortgage of choice
Posted on November 15, 2009 - Filed Under mortgage | Leave a Comment
<a href="http://www.fhamortgagefhaloan.com/">FHA mortgage Florida
FHA Hone loan Advantages Include:
Minimal Down Payment and Closing Costs.
- Down payment less than 3.5% of Sales Price
- Gift for down payment and closing costs allowed.
- No reserves or required.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
- No Minimum FICO credit score
- FHA will allow a home purchase 2 years after a Bankruptcy.
- FHA will allow a home purchase 3 years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines such as:
- Higher Debt Ratio's than other home loan programs.
What is an FHA Reverse Mortgage?
Posted on November 8, 2009 - Filed Under mortgage | Leave a Comment
<a href="http://www.fhamortgagefhaloan.com/">What is an FHA Reverse mortgage? There are many FHA mortgage programs and FHA home loan programs that will allow Florida homeowners to take advantage of the equity they've built up in their Florida home. One resource qualified FHA mortgage holders have at their disposal is the FHA Home Equity Conversion mortgage (HECM) loan, also known as an FHA reverse mortgage. The FHA HECM is like other home equity loans that let you withdraw cash on the home value built up over the years. But the FHA reverse mortgage is very unique because Florida Reverse mortgage applicants don't make any payments on FHA reverse mortgage until they stop using the home as their principal residence. And, there are no mortgage payments due until you stop using the Florida home as a primary residence.
Comparing Mortgages from Different Lenders
Posted on August 9, 2009 - Filed Under mortgage | Leave a Comment
In today’s housing market, many hopeful buyers are looking to purchase homes while prices are still at record lows. Though despite the low housing prices and bargain mortgage rates currently available, many aspiring homeowners are having difficulty choosing the right mortgage.
Picking out and comparing the finer points of each mortgage can be one of the most difficult aspects of getting a home loan. There are more to mortgages than just interest rates. There are also points, fees, and closing costs to consider. Lenders such as Bank of America and Quicken Loans will usually give you a variety of different rate and point options for the same loan. Points are used to “buy down” your interest rate, with each point representing one percent of the total loan amount. If you choose to buy points, the money is due in cash at closing time.
How HVCC is Affecting Mortgage Process | ArticlesBase.com
Posted on August 4, 2009 - Filed Under mortgage | Leave a Comment
The real estate industry has undergone the dreadful impact of the subprime crisis that has bombarded the sector in the recent years. In order to bounce back and survive the said predicament, certain measures have been regulated by the federal government such as the new issuance of HVCC or the home valuation code of conduct. This rule primarily took effect last May 1st of the year 2009 and was specially created to address one of the roots that were deemed influential to the proliferation of the subprime dilemma.
How does HVCC work?
Quick Look at Mortgage Refinancing
Posted on July 4, 2009 - Filed Under mortgage | Leave a Comment
Most house owners these days are on a look out for good mortgage refinance deals.One of the most important questions they ask themselves before applying for such schemes is - Should I?
