rehab loans: The FYI with FHA
- 01/23/09 01:44 PM
January 1930 - There are two great dangers to the continuance of prosperity. The first is the false idea that business is still governed by a cycle of boom and depression, and the second is that the leaders of business will think that the country is broke because some of their friends are. And also there is the danger that many executives who have been playing the market instead of working will not know how to get back to real work. Samuel Crowther, The World's Work The following news is old, a bit antique in the "live feed" internet world we live … (28 comments)
rehab loans: Sage Advice from a Pennsylvania Mortgage Guy:)
- 11/12/08 05:18 AM
Let's get to it... Should you refinance? There are some homeowners who are on the fence, perhaps scared, in a jam, or have a ton of equity that isn't doing much for them. Those folks are the ones who really need to look at their options (pro & con) and make a decision. This could be a great time to take advantage of a market where interest rates are still pretty low. If not, it is usually a great time to make a plan for down the road. Should you buy a home? If you are qualified, I don't see why not. … (41 comments)
rehab loans: Those Niche Loans You Rarely Hear About!
- 11/04/08 04:56 AM
There is the 'norm' and 'not so norm' in lending. Most folks know about refinancing, at least the general aspects of it. Perhaps you want to consolidate debt, shorten your term, lower your rate, turn equity into cash, or some other reason. You probably (whether you are a homeowner or not) have heard about refinancing before. You do a quick search, you'll be able to find a boat load of information on refinancing and a Mortgage Professional who can help you out. Then there are loans to buy a home (maybe even for the first-time) or purchase an investment property. Those … (25 comments)
rehab loans: A Different Type of Rehab!
- 06/11/08 04:47 PM
Understanding the specifics of Rehab Loans can be tricky. Especially considering parameters and products often change. If you get nothing from this post as a Prospective Investor, Seasoned Investor, or Real Estate Agent, I'll sum up the key to any Rehab transaction in my opinion. Find the worst house in a decent neighborhood, that's probably going to be the ideal transaction for most Rehab Products. I have a couple of different outlets for Rehab Loans. For a more conventional and less pricey product, check out this information on the post I did on REHAB LOANS a little while back. There's another type of Rehab Financing … (40 comments)
rehab loans: The Truth About REHAB......
- 01/10/08 05:22 AM
I have wanted to write about this subject for awhile. Now before I go any further, I should point out that the Rehab I'm talking about has nothing to do with any addiction. (I know, you are so disappointed and the title was such a tease:-). This has everything to do with newbie and/or seasoned Real Estate Investors who seek to buy properties and then Rehab them for eventual resale. Here's a concrete example of a typical and very doable Rehab Transaction... Customer is buying a distressed property for $45,000. He believes that he can fix it up to salable condition for $46,000. … (42 comments)
January 1930 - There are two great dangers to the continuance of prosperity. The first is the false idea that business is still governed by a cycle of boom and depression, and the second is that the leaders of business will think that the country is broke because some of their friends are. And also there is the danger that many executives who have been playing the market instead of working will not know how to get back to real work.
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