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heloc: WOW Great NEWS! Hard Money / Private Money 2nds Are Back In Florida (HELOC'S) - 06/04/08 02:26 PM
Hard Money / Private Money Home Equity Lines of Credit
As a Mortgage Broker in Palm Beach Gardens, Florida (Northern Palm Beach County) I have found many of my clients looking for Home Equity Lines of Credit(HELOC) or just plane seconds because they have such a great first Mortgage. Recently, with all of the guideline changes and the market conditions going crazy it was almost impossible to get a first Mortgage let alone a second one.  This is why I am so excited to have one of my Investors come back in the market with this product.
Minimum Loan Amount $25,000
… (8 comments)

heloc: Want to Refinance Your Home Loan? Have a Home Equity Loan... Be Warned - 04/06/08 09:27 AM
As a Mortgage Broker in South Florida (Palm Beach Gardens) I have seen this scenario all to well with my clients. They would like to take advantage of a new lower mortgage and have a Home Equity Line of Credit.  Now any lenders including Bank of America will not re-subordinate their HELOC's if your are in Florida. 
So what does Re-Subordinate mean? 
On the title of your property you have lien positions.  Your current mortgage is in first position or first mortgage. When you opened a HELOC on your home that loan went into second position behind your first mortgage.  Now when … (19 comments)

 

Matthew J Blum - (retired from the business)

Palm Beach Gardens, FL

More about me…

Address: Palm Beach Gardens, FL, 33410

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