I am trying to find a place to loan me 19,500 on a small percentage loan for a manufactured home .
Posts Tagged ‘Small’
can one broker small business loans to banks like a mortgage broker do with home loans?
04
Jul
I am a mortgage broker and want find out how I can fund small business loans too. can I broker them to banks?
Is it a good idea to take out a small home equity loan to pay off credit cards?
08
Jun
10000$ to consolidate 7000 in debt, the going interest rate is 7.5 % we are currently paying between 13%-23% on the cards
the remaining three thousand will go torward minor home improvements & maintanenece (new paint, gardening supplies etc) We are currently living on one income, i will return to work when my toddler goes to school in 2 yrs. My minimum payments on three cards all tolled is 250$ per month while the home equity loan is 65$ per month & that is principle & interest
my fico score (experian) is 704. I dont know my median score, as i get a free credit analysis with my WAMU visa but i get experian only…
Home equity loan or small business loan?
06
May
My mortgage is half way paid off and I want to open
a small home based business (**medical billing business**).The start up costs are low so I only need about $15,000. I was thinking about getting a home equity loan against my coop for the $15,000 to start up my medical billing business. Do u think I’m going in the wrong direction? Is this a wise choice? There is no way I can save the money so I need some kind of loan to start it up. I feel like I may have issues getting a small business loan but am I better off taking the time to do it that way?? Which has lower interest rates; small biz loans or home equity loans??? Please help??
****I want to open a home based medical billing business because I have the experiece.I would be willing to take chance because pretty confident I can pay it back. I have 9 years experience in the field.
Renee and i are working out if we should extend our small home or pay as must off the mortage off as possible?
26
Apr
We are unsure to pay more off the mortage in the next two years or extend for more room, if we pay more off the house mortage. then the mortage will go down and the equity of the home would go up, but if we extend we would have a lot more room because our house is very small! Then if we wanted to we could have a baby because the mortage repayments would go down. What should we do, as we are unsure?
why would a loan officer get slightly abrased over people wanting small home loans?
23
Apr
I went to Bank of America last year and got a approval or estimate on a home loan for $47,500.
The sale fell through and I looked for another house and it was being sold for under $40,000. I remember hearing the loan officer say “the size of the loan is not worth the time”.
So, I went back and looked on the previous loan details and I did not see commission but I saw “lender fee”. I asked if this was a commission or a certain % of the loan amount or a set amount. I was told it is a set lender fee. If the fee is “set” why would loan officers at huge banks not want to write smaller loans like $38,000? If the fee is set why does it matter?
In the big picture of things, the billions of dollars of home loans given out by Bank of America, why are my small loan request given lower priority, it seems?
I have a good credit score and other assets and risk on me is 0.
It sounded like loan officer was making more $ loaning me $50K than if loan was $35K. As far as inferior homes, they have 2 B appraised. The reason the house I look for is under $50K is because that is my budget and some of these are foreclosures and are worth alot more than the cost. If the loan officer makes the same amount of money (commission) on a $50L loan as a $35K loan then the loan officer should not care. I wanted to assure the officer that their help was greatly appreciated and I am open minded to a “gift” to justify a 35K loan versus a $50K since it seems he gets impatient with smaller loans.
I’ve got an agreement with my real estate buying agent. I said, don’t worry about the commission. We’ll go with 3% of $45K even if you find me a $30K home. I’ll go with a minimum commission 4 help on these lower cost houses. I’d do same with bank officer, minimum commission, if they work on commission. Do they?
Does anyone know how a self-employed small business owner can get a home mortgage loan? Is this even possible?
21
Apr
I am looking into purchasing a home, but being a small business owner for less than 2 years has made it impossible. Are there any loans out there for small business owners? Please help…….
If I want to apply for a small business loan, is the rate higher than home equity loan??
19
Apr
Which is a better way of taking out the loan.. small business loan?, home equity loan?, or personal loan? I am starting a corporation and I need a startup money.. Do they give out loan for a new corporation? or do i need to personally guarantee it??
I sold my house and I had a small home equity line that was supposed to be paid off?
18
Apr
I did not have a mortgage on the house just the small equity line . The closing went through days ago . I received my equity from the home but the bank is not reflecting they recvd their funds for the equity line payoff how long does the bank records normally take to reflect the equity line has been paid off?
supposedly the money was to be wired in on the day of closing and also the buyer wouldn’t be able to get title ins without it being paid off I think .So why is my acct still showing the outstanding balance .I hope this makes sense .
Im looking for a morgage company that will give a very small home loan even with not great credit?
15
Apr
all the morgage companies I have talked to only give loans for 50-100k. I do not need one that high, does anyone know any that dont ask for a minimum of that?
How much equity needed to set up a small home loans business?
10
Apr
how much money would you need to set up a home loans business?What happens if you loan all the money you have and someone else wants a loan, what happens then can you refuse to offer him one?
Does the bank finance a small home loan?
09
Apr
Is the bank going to approve a home loan between 30-40k? I’m looking into a buying a small older fixer upper. My dad says that there is a cut off point that the bank won’t consider a home loan because the amount is too small.I’ll be a first time home buyer. I have excellent credit but don’t want a 90k loan, I want something that I’m going to be able to pay off quickly. Thanks in advance for your responses.
Dismissed out chap 13 2 years ago have to small loans can i purchase a home?
29
Mar
MY CHAPTER 13 CASE WAS DISMISSED 2 YEARS AGO AND I’M PAYING ON A CAR AND A SMALL LOAN, THE DISMISSAL IS STILL ON MY CREDIT . IS THERE ANY WAY I CAN PURCHASE A HOME
Is it possible to qualify for a small home loan when my only income is student loans and grants? W/a co-signer?
26
Mar
I’ve found a foreclosure home that my partner and I would love to buy. We could probably get it for about $45,000 or possibly even a little less. Together our yearly income is about $13,000. We’re making it right now in a rental paying $550/mo. rent, two car payments, insurance, and paying all utilities. Can someone give me some advice please? Thanks!
what is the risk borrowing home loan from a small and new bank?
23
Mar
I am having a traditional loan application with a big bank. I just found a small bank in Florida, founded in 2004, is offering better rate and cost compared to those big famous banks. The small bank is member of FDIC. Somebody told me small bank may not follow federal regulations. How do I tell if a bank is a qualified home loan lender that follows all lending regulations? What is the risk borrowing home loan from a small bank?