Low Rate homeowner loan

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
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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
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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
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homeowner loan

I want to apply for a loan because I am considering buying my first home, but unfortunantly I got sick about threemonths ago so now I am on state disability. Will a lender consider me since I do not have a job?

Real Estate Professionals
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homeowner loan

Your home is one of your most-prized possessions. It is built on the foundation of your dreams, your hopes and your aspirations. Your dwelling is indeed your heavenly abode!

Many UK homeowners face phases of (financial) trials and tribulations in life when they are compelled to risk the security of their home to cope up with the financial challenges. It is not an easy decision for a person to pledge his/her home for borrowing money. The life of a homeowner may be shattered if the lender seizes the (pledged) home forcefully in case the homeowner fails to repay the money borrowed from the lender.

Good news for all the UK homeowners! There is no need to risk your ‘precious’ home for catering to your financial requirements. Unsecured homeowner loans provide an excellent option to those homeowners who do not want to risk their home to meet their needs. This loan enables the homeowners to take advantage of their ‘homeowner’ status without putting forth their home as security against the loan. A homeowner can receive an unsecured homeowner loan without the need to pledge the home as collateral security. This reduces the risk borne by the potential (homeowner) borrower of losing his/her home to the lender in situation of failure to pay back the loan in full.

The ‘homeowner’ status of a person enables him/her to enjoy more favourable loan terms and conditions as compared to tenants. The lender knows that the potential borrower owns a home. As a result, the lender can afford to adopt a lenient approach for such a borrower.

Shopping around for a while may enable you to select unsecured homeowner loans with an attractive interest rate. You may make use of your ‘homeowner’ status to bargain for a competitive interest rate. There are many lenders who offer unsecured homeowner loans with easy repayment options and a flexible repayment period.

An unsecured homeowner loan, thus, provides an opportunity to the homeowners to utilise their ‘homeowner’ status and not their home to fulfil their needs in a risk-free manner.



Repossession
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mortgage fraud

If a landlord enters into a lease without permission from his mortgage company is this breach of contract or fraud?

A scenario where a landlord signs a lease with a tenant 3 months before move in and 1st months and security are paid. On move in day (today) I’m being told he can’t rent the place because he never got permission from his mortgage company to make his primary residence a rental unit and apparently they won’t allow it. This would make me think since he never had permission to rent and enter a lease he committed fraud and the lease was void from the get go or would you still consider it a breach notifying your tenant on move in day that he can’t move in and he will have to breach for the reason mentioned. Naturally my lease states to amend the lease there must be 30 days… he has given me notice this morning (move-in day) that he will have to void do to the fact if he does let me live in without permission from his mortgage company he could lose his house.

Would you argue fraud or breach of contract in this sitution if he never had any apporval from his mortgage company to make his primary residence a rental unit? He had 3 months to figure this out and didn’t do anything and tells me on the day I’m moving in that I can’t. Mainly I’m concered with getting the differential in my new 1yr lease I will have to find and it’s going to cost me a lot more money I had a good deal in place. Regardless of fraud or breach am I still entitled to the differential in living for for the 1yr breached lease with the new one?

What are the differences between fraud and breach of contract damage wise and law wise?
Also I’m in New Jersey where there’s strong tenant rights in place as opposed to other states.
Also the lease is very basic he was irresonsible in that regard of covering his end with a detailed lease. There is no legal out for him in the lease if anything the basic lease is screwing him worse.
Apparently to make your primary residence a rental unit there’s certain requirements… requirements which he’s not in compliance with so they won’t allow it. All of this information could have been obtained in the 3months I had my lease in place rather he sends me an email on move in day (today) saying he has to void the lease… if there even ever was a legal lease in place.
Playing devlis advocate….

How could it be a breach if legally he couldn’t even enter into a contract without their permission? Wouldn’t that void the lease leaving my only option for recourse fraud?
Wouldn’t the lack of the mortgage companies apporval automatically void the lease? How is it still binding if he legally could never enter and sign a lease?
There is going to be a massive financial differential in my new lease. For this reason would it be better to contact an attorney as opposed to take this to small claims court? Understand my landlord has given me no notice regarding this breach he’s told me today in writing on move in day… basically it’s not possible to screw a tenant any harder then waiting until moving day to breach a lease. I think the judge will see how irresonsible he acted and award the differential between the breached lease and my new lease. My breached lease was for 600 a month utilities included for a 2br 2bath. Even for a 1 br it’s minimally 900 a month plus utlilites… maybe he would have an out if he didnt’ give me notice same day as move in but he did.
It appears if there were every a situtation where a landlord has to pay the rent differntial with the new lease this scenario would be the definition… landlord tells tenant on move in day giving no notice of the breach putting him on the streets… I can’t think of a more sob sitution.
There was not even 1 day notice of this… this is all coming as a surprise on move in day.

Quick Property Sale

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homeowner loan

I’d like to buy a vacation trailer and although I can get a homeowner’s load on my property I’d like to get the mortgage interest tax benefits, which you don;’t get on a homeowner loan.

Can I mortgage a property for less than its total value?
In response to the first posting, I live in New York state and our tax guy said we cannot write off home equity loan interest.

Sell and Rent Back

Categories : homeowner loan
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homeowner loan

Owning a home means not only a great pleasure, but also it adds safety into your life. And, your home is not only capable of saving you from natural odds, but also it gives you safety from financial crunches. There are Secured Homeowner Loan to get you off the hook of a good many odds which are essentially financial in nature.

Secured homeowner loans are the loans where people having property to pledge for the loans are really lucky enough. The collateral pledged here allows you to have the loans at cheap rates since it is the collateral which serves as the safeguard of the lender’s money. He remains satisfied that the money will be paid back on time and that makes the secured homeowner loans larger than life, with cheap rates and easy returns.

Secured homeowner loans, are, however advanced for a period of 5 years to 30 years and the amount advanced is also a whopping one. It ranges from £ 3000 to £ 25000. Here, the amounts mostly depend on the collateral value and if you have got a fair credit track, you may get around 125% worth the collateral value. However, secured homeowner loans are given to the bad credit holders too, only with a moderate variation in the interest rates.

Yet, the interest rates in secured homeowner loans do not go that high in any case because of the online processing involved. Most of the lenders remain flocked across the web and this allows the borrowers to choose the best deal easily out of a large number of options.

Secured homeowner loans are available, almost for every personal need, ranging from debt consolidation to holiday jaunts. So, it won’t be wrong, perhaps, to say that they are really worth to be tagged as secured.



Sell House Quick
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homeowner loan

My wife and I are preparing to purchase our first home within the next coming months. We were planning to have 3.5% available for an FHA loan down payment but then our agent told us that we should also have another 3% on top of that for closing costs. We were not planning on paying the closing costs because a lot of sellers are paying for that right now or at least splitting it and paying half.

If we have to pay the entire closing costs ourselves then we will not have enough money to get a home like we had planned. However, we just found out that we can get a CalPERS loan because she is a city employee for the Police Department and we are allowed to take out 50% of her current retirement balance to help purchase our first home.

Apparently they will loan you 105% for financing to cover the downpayment needed but will not help with the “closing costs”. That is fine because we can use our $12,000 for the closing costs if they are covering our down payment from her retirement savings.

But I have heard that using CalPERS is not the best idea because it takes a very long time to close and most banks will pass on a couple using CalPERS for another couple who are using a traditional lender.

Any advice on this? And whether we should use the CalPERS loan or just go FHA with our $12,000 for the down payment and hope we don’t have to come up with closing costs?

Sell and Rent Back

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homeowner loan

Life is not a smooth race if we talk in monetary contexts. Sometimes it happens that you suddenly fall in a cash drought and you have failed to get a resource to back you up. You run from poles to pillars and find yourself helpless to meet your sudden financial emergencies. In such conditions fast homeowner loans prove to be the life savior. Fast homeowner loans are not only quick and easy, but also completely reliable. Thus, what you get is the best possible loan for your individual circumstances, but at considerably lower rates and with much less hassle and waiting time!

Specialties of fast homeowner loans

The best part is that because of how the loan is structured, even people with less than perfect credit can qualify for fast homeowner loans . The Fast homeowner loans work on a fairly simple principle that equity in your home is used as collateral to secure and guarantee the loan. Due to Online lending services fast homeowner loans are very quick.

You should ensure that you make regular and timely payments to avoid any future complications. Fast homeowner Loans can help you find finance even if you have bad credit, a County Court Judgment (ccj) or have been declined a loan already.

The procedure

Due to online sanctioning procedure, fast homeowner loans are remarkably quick and easy to access. Thousands of lenders are available on the World Wide Web with their attractive offers. You have to choose the best suitable lender offering best terms and conditions as per your financial requirements. Once you have done this, your half of the job is over. Now you just have to give some details of your financial status and the details of your home which acts as collateral for your loan. The lender then evaluates the loan amount after assessing your repayment capability and the value of collateral. You may expect the funds in your account in a single working day.

Wake up and look around!

So if you are tense due to sudden financial emergencies and you are unable to find a way out to shed your tension Fast homeowner loans are there to help you. Just prepare the details of your requirements and avail the fast homeowner loans to enjoy the greeneries of life.



Sell and Rent Back
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