Low Rate homeowner loan

Feb
20

How can I pay off a loan early?

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homeowner loan

I am not a homeowner, and I have a personal loan that’s screwing up my credit. I was just refused a great deal on a car because this loan is sitting out there, and even though I’ve been making monthly payments on time for 36 months, it’s still high (around 9,300). I can’t afford to make a “lump sum” payment, but I’d really like to get this darned loan off my credit report and off my back. Any ideas for (legal!) creative financing?

Passive Income
Categories : homeowner loan
Comments (5)
mortgage fraud

In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.

Sell and Rent Back
Categories : homeowner loan
Comments (4)
mortgage fraud

basically Team McCann lied when they insisted weeks ago that the fund WOULD NOT be used for personal expenses and living costs

I am having to re post it as it seems the Pro McCanns could not produce an adequate answer, so they turned to reporting it.

Passive Income

Categories : homeowner loan
Comments (26)
Feb
13

how to get a first time home owners loan?

Posted by: | Comments (2)
homeowner loan

I have land in the country and would like to put a trailer on it. I live on a fixed income. I have heard of a first time homeowners loan and would like to find more info on it. I don’t know where to start. Any help is appreciated.

Sell and Rent Back
Categories : homeowner loan
Comments (2)
homeowner loan

The loss mitigation department are rude people. (damn)

Sell and Rent Back
Categories : homeowner loan
Comments (4)
mortgage fraud

Basically, I refinanced a property through a company, which baited and switched mortgage documents so as to stick me with a one-month option ARM. I have ceased to make payments on a home I cannot afford, and the house has entered pre-foreclosure.

Recently, the owner of the mortgage company plead guilty to mortgage fraud, and has lost his license. Does this give me any leeway to have the inevitable foreclosure taken off my record?
For the record, I am not asking for opinions as to whether I ought to be able to repair my credit. I am wondering whether I can.
To clarify. When I say I am a victim of fraud, I mean that my mortgage broker admitted to committing fraud and can no longer practice. Not looking for sympathy or respect for my intellect. Just facts.

Thanks.

Real Estate Professionals

Categories : homeowner loan
Comments (6)
homeowner loan

http://answers.yahoo.com/question/index;_ylt=ApFd3Ha2LCnIvQohRZK1cBbsy6IX;_ylv=3?qid=20090220052258AAc6Y17

I asked this question earlier this morning. Why are democrats blaming the banks because someone who borrowed money didn’t pay them back?

Dems – If someone borrows $1,000 dollars from you and doesn’t pay you back. Would you say:

A: Its OK. Forget about it
B: Punch them in the nose and say give me the money
C: Take the to small claims court and have a judge force them to pay you. If they don’t obey the judge, have the sheriff start seizing property and sell it until you get your money back?
D: the person says that they didn’t understand the terms of the loan so therefore they should not have to pay you back. Then you forget about it and go to the government to see if they will pay you back.

I would say B and C should be the correct answers. But this will be interesting reading.
TG – If the bank did the proper qualification for the loan, but the borrower fails to repay. Is it still the banks fault?
PJ – If the bank did the proper paperwork and explained the loan to the borrower and the borrower failed to understand the terms of the loan. Whose fault is that?

The person could have said “I don’t understand and therefore I don’t want to sign the papers.”

But the person wanted the money to pay off a car, credit cards, medical bills, etc., so are they a fool for putting themselves in this situation?

Quick Property Sale

Categories : homeowner loan
Comments (23)
mortgage fraud

~I have been continually contacted by “mortgage loan modification experts”~I have been searching to find a real one~they are as diligent as the shark mortgage brokers that troll up&down the internet&trick you into signing~it is hard to know.They pressure you to sned money&that is the trick~Does anyone have a good experience or know of a “reputable”person/company?~please lmk!~Thanks~

Quick House Sale
Categories : homeowner loan
Comments (5)
Jan
17

Guide To Homeowner Loans

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homeowner loan

A homeowner loan is a loan that is only available to people who own their own home. This type of loan is secured against your home and is also known as a Secured Loan. Because your home is used as the security against the loan, failure to keep up with your repayments may led to you losing your home.

The Advantages of a Homeowner Loan

Because your own home is used as the security in a homeowner loan you will be able to borrow a lot more money than you would be able to with a personal loan. Personal loans usually allow you to borrow up to 25,000 pounds whereas a homeowner loan can let you borrow a lot more than this.

Also as your own home is used as the security for a homeowner loan it means that lenders can often overlook some problems that you may have with your credit history or ability to get a loan from elsewhere. This means that people who are self-employed, have problems proving their income or have a bad credit rating may still be able to get a homeowner loan.

The Disadvantages of a Homeowner Loan

The biggest disadvantage of a homeowner loan is that your home is at risk if you do not keep up your repayments on the loan. Therefore you should think very carefully before using your home as security for a loan, and be honest with the lender from the start to ensure that you can realistically keep up with your repayments until the loan is paid off.

You need to think long-term when it comes to a homeowner loan as these can sometimes take some years to pay off depending on the amount you are borrowing and the company you are borrowing from. You need to be sure that you are financially stable for the foreseeable future and be prepared to deal with an unforeseen circumstances that may affect your ability to repay the loan.

If you are using your home as security for a homeowners loan then you need to consider if the purpose for the loan worth risking your home over? Finally, if the homeowner loan is being used to consolidate existing debt, you need to make sure that you have made the necessary plans to ensure that all avenues of the existing debt are controlled to prevent a similar situation from arising again in the future.



Quick House Sale
Categories : homeowner loan
Comments (0)
homeowner loan

I’m in Default and the interest and penalties are growing everyday.
The minimum they will accept , even under a “financial hardship”
Rehab program is $400 per. mo
I can’t repay at that amount currently…but if I don’t the monthly amount will just go Up and up.
I’m a Homeowner ..should I get a refinance loan and pay off the FEDS and attach the amount to my mortgage ?

Real Estate Professionals
Categories : homeowner loan
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