Low Rate homeowner loan

mortgage fraud

does anyone have any reviews about Professional Mortgage Source LLC? i got a letter from them for a chance to do a streamline refinance for a lower rate. but i know that now a lot of company are taking the new lower rates for fraudulent use. so are they secure or just trying to make money. anyone used them or know about them. please help

Quick House Sale
Categories : homeowner loan
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homeowner loan

A lot of us in UK know how to put our home into good use, especially if there is one that is not used by the owner. Some rent it out, some conduct their own business from there. There are many ways to use one’s property to reap revenue.

Possessing a home has its own benefit. For example, those who own home become eligible for homeowner loans.

What is Homeowner Loans?

Homeowner Loans, also known as home equity loans are ones which one can avail by taking advantage of one’s home. At first the equity of the home is judged. This is done by subtracting the outstanding mortgage from the present market value of the house.

Usually homeowner loans are secured loans. However, a home owner can also go for unsecured loans. Basically the home equity plays the role of a security and assurance to lenders that the borrower will pay back.

In case of secured loan, the home may act as collateral and in case of unsecured loans, the home does not. However, the home acts as an assurance to the lenders and this can also help the borrower to get a great deduction in the APR.

The amount that a borrower can avail in unsecured homeowner loans can range from £25,000-£75,000. And the loan repayment period can range from 5 – 25 years. However these terms and conditions are subjected to various criteria such as the borrower’s credit history, financial conditions, income, occupation etc.

With the current scenario in online loan market, it has rather become quite a propitious time to go for homeowner loans. An increasing number of lenders, due to stiff competition, are providing attractive rates, terms and conditions to the borrowers when they opt for homeowner loans.

So now is the time to build your dream balcony, the small attached garage, the small tree house for your 4 year old or simply to go for a trip around the world. With a better deal in homeowner loans, now you can give shape to all your plans and dreams.



Passive Income
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homeowner loan

My husband and I closed on our first home on 8/31. Our loan was financed 100%. We are now looking to consolidate our credit and auto debt into one along with major home improvements that need to be done. . They total $35k. Where is the best place to go to apply for a personal loan or line of credit for at least $60, 000. Thank you for any insight!

Sell and Rent Back
Categories : homeowner loan
Comments (3)
mortgage fraud

I asked a similar question earlier today and a couple people said it would be fraud.

Looking around the web it is suggested on several websites as an option for home buying , but I can’t post the links.

We own our house valued at 70k.
We have a small home improvement loan out now 15k.
We want to buy a 125k house so we need 25k down.

Our mortgage broker suggested a line of credit, we can buy the house we want.Move.Fix up the old house a little bit.
Sell it.Then pay off the HELOC.

What is fraudulant ? I want the HELOC specifically to buy another house.

My broker said it would be cheaper interest than a 80/20 or 100% financing or even a bridge loan.(I should mention that he is a friend of the family and not likely to steer me into something illegal knowingly.)

Any advice would be greatly appreciated.

Thank you in advance.

Repossession

Categories : homeowner loan
Comments (4)
Apr
23

Is this considered mortgage fraud?

Posted by: | Comments (4)
mortgage fraud

If a homeowner is using his (mortgage paid) real estate to secure a home equity line of credit but the home is bombed out due to years of neglect and obviously not worth what the homeowner asserts, and the lender hasn’t inspected the inside of the home to see this, should that be considered fraud on the part of the borrower?

Sell House Quick
Categories : homeowner loan
Comments (4)
homeowner loan

im looking for some financial company who will give me a loan without paying fees upfront.i live in ireland and im a homeowner,every loan i applied for they wanted me to send them money first which defeats the purpose.so any help will be great,

Quick House Sale
Categories : homeowner loan
Comments (6)
mortgage fraud

Don’t know where to find help. My son who is developmentally disabled was conned into signing mortgage papers on four homes totaling over $1 million. He had great credit but was only making a little over minimum wage in a warehouse job when he answered an ad in a Chicago newspaper saying he could make money by helping other people with poor credit get housing. He was naive enough to believe this. Now all four homes are in foreclosure and we have nowhere to turn. We live near Chicago.How could they give loans to someone making so little money? Does anyone know where to go for help? He’s been served with papers. We are retired and cannot help him much.

Sell and Rent Back
Categories : homeowner loan
Comments (3)
mortgage arrears

we are due in court for the first time and hopefully the last,for not paying mortgage arrears its about £1500.Does anyone know what happens in the courts? We can pay our mortgage but we are in arrears with a few companies at the moment.

Rent Back
Categories : homeowner loan
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homeowner loan

No worries for the homeowner who are looking for secured homeowner loans, as homeowners everywhere are greeted warmly with ample opportunities from the lenders.

In the secured homeowner loans borrower’s home plays an important role for acquiring the loaned amount. Depending upon borrower’s home value loaned amount is decided by the lender. So the first step to avail the secured homeowner loans is that borrower must get his home evaluated from the dealers so that he can fetch the loaned amount.

Secured homeowner loans amount ranges from £5000 to £75000 i.e. 90% of the collateral placed. Whereas loan amount can be extended to 125% of collateral’s value but depending upon the borrower’s credit history. Or borrower has to place higher value collateral to get greater loan amount.

The repayment term for the secured homeowner loan usually varies from 2-30 years. The interest rate charged on the secured homeowner loans are relatively lower as the risk borne by the lender is quite less. The interest rate charged on the loan amount depends upon the amount owed and the repayment period offered.

Secured homeowner loan amount can be used for various purposes like renovating the home, going for exotic vacations, meeting the wedding expenses, consolidating the debts etc.

Borrower should opt for the secured homeowner loans only when his present financial condition permits him as on non repayment, borrower may end up in loosing his home. As lender has full right to repossess the collateral against the non repayment or failure in repayment of loan amount.

Secured homeowner loans are open to all types of borrowers irrespective of credit score i.e. good or bad credit holder can utilize these loans for fulfilling their personal requirements.

Like other loans, secured homeowner loans can be easily accessed from various financial institutions like banks, lending organizations or online lenders.

Home is a place that provides shelter to person in his good days and bad days too. As in bad days his home acts as collateral for the secured homeowner loans.



Rent Back
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mortgage fraud

on investment property?

Rent Back Fast
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