Due to some severe health problems I had to file bankruptsy which was finalized Jan 2006, what would my chances be of getting a home loan to finance a duplex, tri-plex or a four-plex. I plan on living in one and renting out the others. Any advice on the best way to go about this?
Posts Tagged ‘Financing’
What is the best type of construction loan/permanent financing?
07
Jun
My husband and I are 30 and 31 and have 3 kids. We’ve owned our home for 7 yrs and owe 65K plus a 40K equity line. We have no other debt except our 2 car loans. Our house is now worth at least 130K as is. We are having plans drawn up to add a second floor with our own money but would like to know the best place to get a construction/permanent financing loan for the addition. Our credit scores are 787 and 740 and my husband makes 65K a year and I make about 30K working from home. I’ve heard some online banks have great rates or would it be better to go with our mortage co. (WAMU) or the credit union we have our 2 car loans and equity line from? **Plus, my husband is a General Contractor and will be doing most of the work himself. Will that affect the payouts? Thanks!
Need help with financing for a new home with out getting ripped off?
02
Jun
I’m a loan officer but I’m having a tough time trying to get business. Is there anyone who needs help getting a home loan?? I can even help if you have less than great credit with out ripping you off.
Where can I find US based financing for a condo in the carribean?
27
May
I was told the best option is to take out a home equity loan, but I do not have enough equity in my house to do so. The condo is in St. Martin and is an absolute steal at $65.000. I would use the condo as a vacation home. I have good credit and income.
WHEN FINANCING A HOME, IS THE DOWN PAYMENT INCLUDED IN THE LOAN AMOUNT?
27
May
FOR EXAMPLE, HOME COST $100,000. THE BUYER PUTS DOWN $10,000. SHOULDN’T YOUR PAPERWORK SAY THAT YOU’RE FINANCING $90,000 INSTEAD OF $100,000.
Is it possible to get 100% financing for purchasing an established well known water ice franchise?
26
May
I have about $350,000 in home equity but little to no liquid cash available.
Question about financing a home?
24
May
I am currently buying a home from the landowner. I have been making payments to him for the last 4 years and now it has come time for us to get the home financed thru a lender. Will this be a refinace or do we need to treat it like a new home loan? Also I have to ask will it affect me since I owe back taxes to the irs? I need help please so we know what we need to do. Thanks in advance
Can you get an equity line on a home you are going to buy to use as part of the financing for that same home?
23
May
My wife bought a home that was appraised at $285,000. The mortgage company had her put down $15,000 in cash and then financed the home by giving her a fixed rate first mortgage for $170,000 and then at the same time gave her a variable rate Home Equity Line Of Credit against that same house she was buying for $100,000 to use to finance the balance. This just seems really odd to me.
First, in essence it appears that they let her borrow $100,000 against the equity of a home she didn’t’t even own until after all the money had changed hands.
Second, since she only put $15,000 cash down and the combined loan balances add up to almost 100% of the house’s appraised value then how was there even any actual equity in the house to borrow against in the first place?
Can anyone can say if this was a proper way for an OCC regulated nation bank to make a home loan? What kind of state of federal office can I check with to see if this was in any way predatory or improper?
Thank you.
In responce to double checking facts.
The appraisal was for $285,000 and the sale price of the home was $284,900.
The second loan came with a checkbook, all papers say that the second loan is a variable rate home equity line of credit and the approval letter states, “You have been approved by (bank name) for a home equity line of $100,000. This transaction will occur simultaneously as the first mortgage loan. The first mortgage loan request was based upon a home equity maximum disbursement of $100,000 at closing”
Anyone know about financing and loans?
21
May
I’m trying to buy a home and I am having trouble getting a loan because I haven’t had any loans with installments like a car loan. I have good credit and rental history (I pay rent on time every month) but without those installments it means nothing to the finance places that I have talked to. Can anyone recommend a good company that finances first time home buyers?
How do you get financing for a mobile home with bad credit, now that subprime lenders have gone under?
20
May
Here’s the deal, internet. Last week, we had a loan for a doublewide. Tuesday when the Fed shut down most of the subprime lenders, our loan company was one of them. Now we have a contract, a closing date comming up in two weeks, and no LOAN! What now?
Sorry, should have mentioned I’m in Texas, and the property is an REO, already set up on land, and the loan amount is under $50,000. I’ve been told this is extremely difficult to work with.
how hard is it to get pool financing?
15
May
how hard is it to get financing for a pool? I am looking at a fiberglass pool and it’s about 35 grand. what does home equity have to do with the financing
Can my current bank that is financing my 2nd home cancel my loan if I allow my first home go into forecloser?
08
May
I have a home that I want to sale but I owe more than it is currently worth with the market being so bad. I also have a home that I just bought. My 1st home have a 1st and 2nd mortgage. They are with different people. My 2nd mortgage on the 1st home is with the bank that is financing my 2nd home. If I go into forecloser with the 1st home can my bank cancel or take back the loan for the 2nd home? I know that I can do a shortsale, but even then- can they stop financing my 2nd home? Please someone help me?
what is the best way to get 100% financing on a 1st time home buyers loan with low income-moderate income?
06
May
I was wanting to purchase a house in Orange or Riverside county California