Real estate blog entries tagged with real estate by Jeff Trevarthen (Accessbanc Mortgage)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Jeff Trevarthen : Jeff's Blog : Tag "real estate"

real estate: The BIGGEST misconception in real estate lending. - 12/16/08 02:19 PM

I always here this a couple of times per year, "We have $500,000 worth of equity in our home, but we only make $50,000 per year. We want to take out $400,000 worth of equity in a cash out refinance. Can you help us out?"(The numbers obviously vary, but for the sake of argument, they are somewhat exagerated in this example)
Nope! I sure can't. The biggest misconception in real estate lending is that you are not borrowing money using your house as collateral, you are borrowing money against your income. More specifically, you are borrowing money against your ability to … (1 comments)

Related Links:

Jeff Trevarthen

Campbell, CA

More about me…

Accessbanc Mortgage

Office Phone: (408) 558-5218

Cell Phone: (408) 761-6849

Email Me

Links

Archives

Find CA real estate agents and Campbell real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.