reading - Refinance

I would like to refinance to get more money and also a lower apr since it went down my question is I have had the loan for 6 months never made a late payment can I refinance for a couple thousand more and have my payments stay the same Also wanted to add my husband to the note to help clean his credit up a little bit If that bank for some reason wont could I take out a second note on it.

Basic things about I would like to refinance my loan on land

Mortgage loan
Upon making a mortgage loan for the purchase of a property, lenders usually. Pfandbrief-like securities have been. Refinancing; No Income No Asset (NINA) Annual.

Commercial mortgage
The borrower most likely will attempt at that time to refinance the loan or sell the property.. loans with clauses and structures which make them more like what.

Title insurance
? insurance company when purchasing or refinancing residential property.. Estimate Value of the Property; Loan Amount; Anything. boiler insurance industry, which like title.

Balloon payment mortgage
? is that either the borrower will have sold the property or refinanced the loan by the. there is no risk that the lender will refuse to refinance or continue the loan.

Refinancing
Refinancing may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary.

Land loans are very rare. You would have to go back to your current lender and apply for a refinance. The 6 ontime payments help you a lot. I do not think that you can do a cashout refinance on your land. That would be almost unheardof. I have never heard of a 2nd mortgage on vacant land. It would be legal and possible tho so go ahead and.

Florida HRM is a marketing affiliate for a Florida based Land Trust Company. We work with property owners who are currently in distress or upside down in their mortgage. We currently offer the only option for Florida homeowners to refinance an upside down mortgage and regain equity in their home. Existing Upside Down Mortgage 300k Current Market Value of the Home 175k New Mortgage with this program 140k If your property qualifies your old mortgage is permanently cancelled and you are given a NEW mortgage set BELOW the current market value of the property enabling you to finally regain the equity in your home and lower your monthly payments.

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Im looking to invest in real estate through hard money loans and after some research and talking to some advisors in the field I found that you only make profit on these type deals when they are sold since the property is being used as collateral. Ive also heard that you can refinance the property brought with hard money but I didnt think this was possible since its already being used as collateral with the hard money. Can someone please share their knowledge with profiting from hard money deals. Thanks in advance.

A hard money loan means they are giving you a loan based on what the estimated value of the property will be after renovations commonly referred to as AFV After repair Fair Value. A project I recently looked at was as followsPurchase price 59000Purchase costs 1000Hard Money Loan 6months 75000Estimated repairs 9500AFV 100000So Id have bought a duplex for 60000 including costs and received a loan of 75000 of which 10000 was available for repairs and another 5000 for emergencies or in case the costs went over estimates.

75000 would pay off the hard money. There would be interest charges of 5622 for the hard money loan they are expensive so this particular transaction would have cost me a 622 cash investment. In the end I would have had a duplex earning about 1200month in rent with a mortgage costing And equity of 20000. Now at first blush it looks like a sweet deal. I buy a house and renovate it and have litlle money involved. Actually I do. Most hard lenders want to see you have liquid assets in the bank In this case 10000 and a decent credit rating to make this type of loan so they know you have some money to draw on in case of complications.

This is one reason I often work with partners. I dont tie all of my cash up on all my deals. Many times I have partners with good credit and 20000 earning interest in the bank. They put up the liquid equity and the borrowing chops when I get stretched thin so I can take care of the other details. There are Real Estate Gurus who talk about taking hard money loans like this and pocketing that extra 5000. They are idiots. Watch Flip This House on TV and see all the things that happen that delay the project higher interest costs from the hard money loan or cost more than the estimates envisioned.

I want to have a better idea of the terms Ill have to face in 612 months for something like this that I would consider a borderline transaction for me. Last year I would have done it except instead of keeping it as a rental I would have sold it to cash in on the equity. This year Im waiting for really super deals planning to hold them as rentals for 25 years when the market turns Hope this helps.

Hubby out of a job. Money situation is not good. He has a 2007 Scion that we are about 10000 upside down in dont ask. We need to get rid of this car. We want to try to avoid repossession if at all possible. We got a 2 month loan extension from Toyota so we have a little bit of time. Any ideas of what we can do to get out from under this vehicle.

If youre 10K upsidedown I seriously doubt if you could sell that Scion privately and make up that deficit. And as mentioned by myself and other TCs many times on this forum There is no magic way to get out of negative equity. Theres no magic dealer that will get rid of your negative equity theres no magic website you can go to and get your car paid off no matter what you owe. If you find that one person that will pay you WAY over what its worth privately then you found that one needle in a giant haystack.

Plus the bank probably wouldnt refinance it if you were that far upsidedown. Even if they would youre only extending the term of the note to save a couple bucks on the payment. Youre indeed correct try like heck to avoid a repo. The Scion will be sold at auction and youll be onthehook for the difference between what it brings and what you owe. So in essence youll pay for the car regardless. If you cant pay it up front theyll get a judgment against you and garnish wages. Being that far upsidedown your only bet is to keep working with your lender.

Might not be what you want to hear but its about all there is. Side note I sure hope folks dont advise you to drive it off a cliff or anything that would set you up for EDIT Even if she tried the pick up my payment deal and found someone to do that she is still liable for the car. If that person gets into an accident gets tickets etc. She is still responsible for that. She still has to keep insurance on the vehicle. Thats the risk you take.

I got married 2 years ago and just recently found out from my husband that my name is not on the house that we live in. He purchased the house in the state of Georgia months before our wedding. He said that in the state of Georgia there is a clause in the real estate market to which he cannot add my name on the house. Is this true.

Ive never heard of such a clause. Although if there is a mortgage on the home technically the lender can call the loan due in full if he adds a name to the title but normally they dont care as long his name also remains on the title and the payments are being made. But honestly if I purchased a home BEFORE I got married and I did it entirely with MY money I wouldnt add a name either. That leaves him in a very vulnerable position should you ever divorce and the divorce rate is skyhigh. Plus if theres a mortgage him adding your name to the title gives you a legal interest in the property with NO legal obligation to make the payment because it doesnt add your name to the mortgage.

But if refinancing would save you money ie a lower interest rate you might suggest that you refinance in both names that would put your name on the title and the mortgage. Now I can understand that if youre helping to make the mortgage payments you feel like you should be entitled to something. In most states if you get divorced and the house was your martial home and you used martial funds to make the payments then the court considers the increase in the value of the property to be a martial asset even if your name isnt on the title and it was purchased before the marriage.

You should talk to a GA attorney many will give a free initial consultation to verify if this would be the case in GA Im pretty sure it would be but I cant say with absolute certainty.

Refinance Car Loan?

how to go about it. personally i have not done refinance before. So i would also like to hear fix all the way. Why would one need to refinancePlus OCBC put Depending on your loan tenor .

On how to go about it. personally i have not done refinance before. So i would also like to hear fix all the way. Why would one need to refinancePlus OCBC put Depending on your loan tenor Currently most car .

Mortgage refinance rules changing again

Mortgage refinance rules changing again Finance minister announces new mortgage rulesFinancebut they the fuck would we do it when right now I am sitting my ass on my front step of my so many people got in over their heads when buying a home because the rules were not very strict .

But they the fuck would we do it when right now I am sitting my ass on my front step of my house which is sitting like so many people got in over their heads when buying a home because the rules were not very .

House for sale? should I refinance my current mortgage?

House for should I refinance my current mortgage My house has been on the market for aboutwas booming. My interest rate is comparatively high to what I could refinance for today.Im not sure howfinding a lender who can refinance you as investor guidelines prohibit refinancing of such properties .

Finding a lender who can refinance you as investor guidelines prohibit refinancing of such properties .

Best place to refinance?

Of best offered rates lowest closing costs etc. I got a prelocked offer from my mortgage companyat for either a 21 year or 30 year refinance with no closing costs. But to me that is stillneed 20 to refinance Quote I just looked there but it sounds like their rates are only .

Need 20 to refinance Quote I just looked there but it sounds like their rates are only. Then if I feel like going through all the bullcrap process to refinance even lower then maybe Ill do terms just pay more .

Refinance Question

My lock runs out on July 11th. Im set to close July 2nd but Im convinced something is goingto pay the application fee again That would me look like an idiot and that was bad for business. Since I primarily got my business .

Make me look like an idiot and that was bad for business. Since I primarily got my businessWhy would something go wrong Well last time I refinanced early 2009 the deed was an issue with having my ex cosign without .

Anyone refinance their Ally loan on their Camaro?

I called Ally trying to accomplish this and they told me they dont do would have to talkand I hoped to deal with Ally directly. The woman sounded like an overseas call center so Im hoping she.I would imagine due to the price of these cars it would be basicly the same.Like the previous .

I would imagine due to the price of these cars it would be basicly the same.Like the previous post stated I would stay with the longer loan and just increase my payments then if you pay it offPopcornSent from ? .

Looking to refinance

Missed payments in the past. The best legal advice I have had is to refinance the loan so I am lookingor advice would be great.Geoffso any refinance would incur much higher interest rates from nonconforming lenders. Quote Agreed .

So any refinance would incur much higher interest rates from nonconforming lenders. Quote Agreed with the others a bad credit rating on the loan being refinanced is bad news so any refinance would been missed .

Refinance Question?

refinance.The reasoning was Faster closing. Less paperwork. No closing costs.It would still workWe are currently looking to refinance our home. We purchased it 7 years ago at a rate of the interest rate fixed My parents refi there mortgage to a home equity and now it has .

Is the interest rate fixed My parents refi there mortgage to a home equity and now it has a variable rate. such a bad idea Yes its a fixed rate. A fixed rate HEIL works just like a mortgage.How its strictly a refinance .

Opinion on refinance?

I recently joined USAA and they are offering me a lower rate on my auto loan. My original loanrate.So should I take the refinance now or should I wait a few months and try somewhere lost in the middle would drive up the liklihood that Id refinance. Thanks for the reply .

? somewhere lost in the middle would drive up the liklihood that Id refinance. Thanks for the reply Revelate. Ive only had the 3 months. The refinance saves me 50 per month. May not seem like much EVERY bit counts. .

Auto loan refinance

What it already has since I originally got the car loan. My question is does anybody know what wouldto close on a mortgage on May 8th which Im thinking helps my credit score improve even more thanwould be a good amount of time to wait before trying to refinance the loan and get a better rate .

would be a good amount of time to wait before trying to refinance the loan and get a better rate now. I would recommend using a company like BlueHarbor or like others said checking out a credit know what .

Like Gold Refined

An excerpt from Like Gold Refined by Janette Oke published by Bethany House Publishers Her Character Has Been Shaped and Tempered by Both Adversity and Triumph. If Virginia could have chosen to accept or discard all the changes that came her way, she gladly would have let most of them pass right by herself and her family.

But a change that is tearing at her heart is the gradual but steady physical decline in Grandma Marty and Grandpa Clark. She cannot imagine their familiar farm home without their welcoming smiles and their words of wisdom that arise from of decades of life experiences and a solid faith in God. And their lovely daughter Mindy, who has blessed their home ever since her mother left the tiny child with them, has been encouraged and guided to pray for that mother all these years.

Emergency Economic Stabilization Act of 2008

Continued failures of institutions like Washington Mutual , and the HOLC would administer a national program to help homeowners refinance .

Loan origination

This prevents fraud like ?equity stripping? and money embezzlement. wish to refinance for the amount of $373,500 ? the LTV ratio would be 90%. .

Subprime mortgage crisis

Belief they would be able to quickly refinance at more favorable terms. the GSEs like Fannie Mae began receiving government tax incentives .

Political positions of Mitt Romney

I think the idea of helping people refinance homes to stay in them He would like to see illegal immigrants register with the government, .

My Dying Bride

While bands like Paradise Lost and Katatonia have expanded their The band would soon release their first single, ?God Is Alone ?, on a .

United States housing market correction

Unknown buyers, but they multiply leverage like the Andromeda strain. borrowers who would indeed qualify as ?A? borrowers who can?t .

Financial planner

Way (whether to ?buy or lease? whether to ?refinance or pay-off? etc.). specialist skill sets like those in wealth management or private banking. .

The Weinstein Company

Weisbach would continue to manage all of Miramax Books? existing restructure-or-refinance/ title The Weinstein Company To Restructure ? Deadline. .

Larry Norman

For his work polishing and refining songs for H.R. Pufnstuf , ?I would like the work that I do, and all my artists do, to break down the .

Causes of the 2007?2012 global financial crisis

The initial grace period ended would try to refinance their mortgages. government sponsored enterprises like Fannie Mae date July 2009 .

Source: http://www.lintasbusiness.com/i-would-like-to-refinance-my-loan-on-land/

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