Monthly Archives: February 2006
Going Through Underwriting
We are opening up our tents and setting up shop at ThinkGlink.com
Over the next few weeks, you’ll be able to see the new look and feel of ThinkGlink…
Using Home Equity Loan Or Cash To Purchase New House
A recent retiree is planning on moving to a less expensive area and is thinking about using a home equity line of credit or use the proceeds from the sale of his condo to pay cash for his new home. There are advantages of buying with cash versus financing the new purchase. However, prior home sale contingencies make buyers nervous. He needs to go over all options for home equity loans and cash purchases with a mortgage broker before making a decision.
Understanding Exclusive Buyer Agents
A buyer wonders how to assure that his agent is really looking out for your best interest. The nice thing about an exclusive buyer’s agent is that you never have to worry about the agent ever representing the seller. Exclusive buyer’s agents never represent sellers, just buyers.
Reverse Mortgage Or HECM May Be Good For Elderly
Older Americans who own their homes outright may benefit from a reverse mortgage or HECM, where they’ll receive monthly payments from the equity in their homes. Reverse mortgage or HECM lenders can advise on how much a reverse mortgage will cost in fees and the issues inheritance issues involved.
Refinancing A Home For Repair And Estate Planning
Refinancing a home for repair and estate planning purposes can be a challenge for a person who is doing this for an elderly loved one. If the property is in the elderly person it’s best to speak with a mortgage lender who specializes in loans to senior citizens, in order to refinance and repair the home. Speaking to an expert in this field can help the person decide whether to refinance and repair the home, or whether selling the home now would be the better option.
Real Estate Commission And Protected Buyer List
When you’re looking to buy a property you may end up on a “protected buyer” list. When a listing contract ends, the listing real estate broker wants to make sure the seller does not contact any of the people the listing real estate broker showed the property to and deprive him of a commission. If the seller and the real estate agent can’t agree on the protected buyer list or the commission it could delay the sale.
How Consumer Credit Counseling Services Affect Credit Ratings
Consumer credit counseling services and debt management programs can affect a person’s credit rating. Entering a debt management program is a much better move than filing for bankruptcy protection. While some lenders may view it negatively, those that work with debt management companies and the participants in their program will view it more positively.
Cash Out Refinance To Purchase Investment Property
Can you use home equity to purchase investment property? Or should you do a cash-out refinance? Current tax law allows you to borrow up to $1 million on a first mortgage and up to $100,000 on a home equity loan and still deduct the interest paid. But when it comes to investment real estate, the real bonus is being able to write off your expenses against income that the property generates.
Saving Money When Getting Married
Getting married is frightfully expensive. No one’s disputing that. But do you have to spend $10,000 on a Vera Wang dress? Perhaps not.
What guys have…
On My WSB Show This Morning
We’re talking about health care this morning. To find less expensive insurance, try www.ehealthinsurance.com. The website will allow you to shop aroun…
