A few nice chateau images I discovered:
Chateau d’Ussé
Image by Spiterman
Chateau de la belle au bois dormant
Much more wonderful homes click right here…
Question by grdnoviz: is it possible to get an interest only for stated income/assets on an investment property?
I know the rate will be high, remedy but I want to know if anyone does that.
Best answer:
Answer by ironman_bmfc
The problem you are going to run into is the fact of it being an investment property. They are out there, ed but the rate is not wonderful. There are a few things that would help me to answer your question.
Why do you need to do it as an investment instead of a second home? Are you self employed, or w-2’d? How long are you planning on keeping the property? Why do you need to go stated? What is your credit like? Do you need to finance the entire purchase, or do you have some money down?
Going I/O SISA is not a problem if it is a primary residence or a second home. If the investment property is far enough away from your primary residence then you can, and should finance it as a second home.
You have options on what you can do in this situation, feel free to e-mail me and I can give you some ideas.
Know better? Leave your own answer in the comments!
Question by MDrape: Looking for a LEGAL Loan Modification Affiliate Program?
I am a Loan Modification/Loss Mitigation Professional looking for a LEGAL loan modification affiliate program. I live in FL. I have tons of leads ready to go. I am open to a referral program or a hands on approach. Please answer or email me. Thank you!
Best answer:
Answer by Michael Thomas
Well you could always go to Google when looking for an affiliate program! Simply type the product in quotes with the words “affiliate program” in it like this:
“loan modification – affiliate program”
This particular search brings up 94, order 000 search results. You can be more broad for a more narrow responce… Best of luck to you! 😉
Cheers,
Mike
What do you think? Answer below!
Question by pinkpink: Who can give me a lower mortgage interest rate and monthly payments in Austin?
Assuming the credit rate is excellent and falls under high income. Also the house price would be under 300k. If there are any mortgage lenders, sales could you suggest what is the current interest rate that you could estimate?
Thank you.
Best answer:
Answer by Noneya
how much money are you putting down and what terms do you want, sale 30 year fixed, 15 year fixed, FHA/VA, conventional or USDA?
Know better? Leave your own answer in the comments!
Question by emeral123: what happens if you foreclose and you have a home equity loan on the property?
what could happen to you if you foreclose on a property and have a heloc on the property. it is in arizona, more about would i owe the money still to the home equity loan company,
Best answer:
Answer by CT
you have to pay it back.
What do you think? Answer below!
Since a HELOC loan uses your home as collatoral, the terms of when the lender can foreclose are written in the terms of your loan.
Basically, when you use anything for collateral the collateral is turned over to the lender (in this case your property) should you miss enough payments.
The lender can not foreclose until the number of missed payments specified in your loan agreement.
HOWEVER!!!!!! Under the law, when a lender makes a loan that requires collateral, foreclosure can be avoided by making a payment on the loan. It is much more difficult for a lender to foreclose on a HELOC.
If foreclosure is threatened the best thing to do is see a lawyer. Since you live in what is called a “common-law” State, Arizona, the ability to foreclose is also constrained by literally hundreds of legal precedents. These precedents have the force of law.
One aspect of “common-law” is that is more difficult for anyone to seize property. This “red thread” as lawyers call it literally goes back hundreds of years to medieval England. At one time Nobility could steal a commoner’s land by saying they dreamed their ancestor did not sell the property and their title was a forgery. I am not joking. This is why “common law” when it comes to property has the protections that it does.
If you are a first time borrower of a home equity loan it is imperative that you have a checklist of essential questions that you need to ask each and every lender. The answers to these questions will provide a valuable reference to base your comparisons on. What’s the interest rate? Knowing this is crucial. The interest rate will determinepercentage by which the adjustable rate will change. What is the Annual Percentage Rate or APR? The APR on the home equity loan will determine the yearly payment you will need to make towards this.The higher the payment in terms of points, the lower is the interest rate.
Quick answer … NO
The HELOC is subordinate to your first mortgage, Arizona is a state where they can’t come after you for the difference. Basically, the lender that did your HELOC will get screwed. the lender in 1st position just wants there money and may recoup from a sale. (Depending on how large your HELOC was)
But whatever the shortfall they WILL 1099 you for the amount they are out, that means that they report it to the IRS as income and guess what … you owe taxes.
it would be wise to ask a real estate lawyer someone who specializes in this situation as this matter is serious.
there are so many homes available in the metro phoenix area around 50,000 on the mls alone.
a short sale you will owe it as income or 1099 , a foreclosure , which kills your credit, “may” allow to not pay the difference but see an attorney.