125% Home Equity Loans - How To Eliminate Debts With A No Equity Loan

#Tip 27 - 125% Home Equity Loans How To Eliminate Debts With A No Equity Loan!!!

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125% Home Equity Loans - How To Eliminate Debts With A No Equity Loan

With a good credit rating, you can eliminate high interest debts with a low rate home equity loan. Borrowing up to 25% of the value of your home, you don’t have to have equity to qualify for a second mortgage. With low rates, you can cut your payments as much as two thirds.

Advantages Of A 125% Home Equity Loan

The prime advantage of a 125% home equity loan is that you can secure lower rates than what you are paying now on your short term loans. In reality, you aren’t increasing your debt. Rather you are trading one rate for another.

With lower rates, you payments immediately shrink. You also have the option with a home equity loan to keep the same payment, but take fewer years to pay off your debt, saving you even more in interest charges.

Financial companies are willing to lend to you based on your credit history along with the expectation of increasing property values. Both you and your lender are banking on your home appreciating.

125% home equity loans are for those who plan to stay in their home for several years, or at least until their property value increases significantly. Consolidating your debts with a home equity loan maximizes your term choices. So loans can be for five to thirty years, affecting payment and interest size.

Look For The Best Loan Rates

Take the time to look for the best loan rate before signing any loan contract. Many financial companies now offer 125% home equity loans, so you should have no problem finding loan quotes online.

Compare closing costs is as important as rates, since this can be a hidden expense. By looking at the APR, which calculates both closing costs and interest, you can find who has the cheapest loan overall. Your terms will also affect your rates. The shorter the loan, the lower the rate.

When you have found the right loan, start the application process immediately to secure quoted rates. With online applications, you will receive final paperwork in days. Then, you can have your debts paid off in just a couple of weeks.

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Tip 26 - 125% Home Equity Loans Danger Of Borrowing More Than Home's Equity!

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125% Home Equity Loans - Danger Of Borrowing More Than Home's Equity!

Because of home equity loans, homeowners are able to acquire extra money for a wide variety of purposes. Moreover, these loans make it possible to tap into the equity built without selling your home. There are many home equity options. Aside from getting a loan, homeowners may opt for an equity line of credit. Additionally, there is the 125% home equity loan option.

What is Equity?

The concept surrounding 125% or no-equity home loans is very simple. Ordinarily, homeowners would acquire equity loans that equal the amount of equity built in the home. Before going any further, it is important to understand how a home's equity is determined.

Two factors contribute to a home's equity, rising home values and amount owed to the mortgage company. If a homeowner's property is valued at $200,000, and they owe the mortgage company $120,000, the home's equity totals $80,000. In this scenario, the homeowner may obtain a home equity loan up to $80,000

How 125% Home Equity Loans Differ

If applying for a traditional home equity loan, homeowners may obtain a dollar amount not to exceed the home's equity. This money can be used for home improvements, starting and operating a business, retirement, debt consolidation, etc.

On the other hand, if a homeowner is approved for a 125% equity loan, they are able to borrow more than their home's equity. Because a portion of the loan is unsecured, many lenders steer clear of these sorts of loans. However, if your credit rating is high, several mortgage lenders are ready to offer a no-equity loan.

Reasons to Beware a 125% Home Equity Loan

125% home equity loans are more fitting for homeowners who require a large sum of money. Typically, these loans are common among those attempting to start a business. Moreover, these loans are beneficial for homeowners embarking on major home improvement projects.

If home prices continue to rise, 125% home equity loans will pose little threat. On the other hand, if the housing market takes a sudden nosedive, those who accept 125% home equity loans will likely owe more than their homes are worth.

Shady lenders will offer 125% equity loans because it's a win-win situation for them. If a homeowner defaults on the mortgage, the lender forecloses on the property. However, because the amount owed exceeded the home's value, homeowners are obligated to pay mortgage lenders the difference.

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Great Benefits of a 125 Home Equity Loan

transcript

Do you know what a 125 home equity loan is? I'm sure you know all about traditional home equity loans where you can borrow money using the equity in your home as collateral for the loan. These secured loans provide many people with cash for a wide range of uses. Of course there are other types of equity loans besides the traditional equity loan, and the 125 home equity loan is one of these options. This type of loan lets you get even more cash than usual based on the available equity in your home. Let me first define what equity is. Your home's equity is quite simply the difference in what you owe the bank still and the value of your home. For example, if your home is valued at $300,000 and you still owe $150,000 to the mortgage company then you have $150,000 in equity. One nice benefit is that in a rising real estate market you gain additional equity simply through the rise in your homes value.


Traditional Home Equity Loans vs. 125 Home Equity Loans

In a traditional home equity loan you are offered a loan that does not exceed the amount of equity present in your home. So, if you have $25,000 in equity you're able to get a loan for $25,000. This loan can be used to pay for anything you want from home improvements to education or even a vacation if you choose. The difference between the traditional secured loan and a 125 home loan is in the amount you can borrow. With a 125 loan you can borrow up to 125% of the present value in your home. In this case if you have $25,000 in your home you would be offered a loan of $31,250. In the past many lenders would shy away from this type of loan since part of it is unsecured and increases their risk. These days however more and more lenders, especially online lenders are offering this kind of partially unsecured loan. If you're thinking of applying for this type of loan you should know that a high credit score will help you greatly in getting approved. 125 Home Equity Loan Warning

The 125 secured loan is especially suited for those who need access to a large amount of money. If you are thinking of using the money to start a business or take on a large home improvement project a 125 loan could meet your needs quite well.


Keep in mind that as long as home values continue to rise or at least stay stagnant you're in little danger from this type of loan. However, if your home value declines your equity will decline as well and you could actually end up owing more than your home is worth. It really depends on your needs and circumstances to determine how much sense a 125 home equity loan makes for you. As I said previously, it can be very useful for those starting a business, particularly if you expect the business to have good cash flow. It is also useful for large home improvements since they are likely to increase your home's value and also your equity. Just be careful that you don't overextend yourself when taking any type of home equity loan.

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Get a Home Equity Loan

A home equity loan is often considered a second mortgage and is based upon the equity in the property, or the difference between market value and any existing mortgages/loans against the house.1 Since houses, like all assets, constantly vary in market value, the amount of equity in a home constantly changes. A home equity loan is given in a lump sum and used for major expenses, such as paying for college, medical expenses, or major home repairs, using your house as collateral. A home equity loan usually has a fixed term of repayment and a higher interest rate than a mortgage, but rates are lower than the rates on credit cards and other loans, and payments are often tax-deductible.2 If youre considering a home equity loan, youll need to determine the equity of your home and find a reputable lender who will offer you a fair, affordable loan.
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-------------------------References---------------------
---investopedia.com/terms/h/homeequityloan.asp

---investopedia.com/terms/h/homeequityloan.asp

---guides.wsj.com/personal-finance/buying-a-home/the-basics-of-home-equity-loans-and-lines-of-credit/

---files.consumerfinance.gov/f/201204_CFPB_HELOC-brochure.pdf

---guides.wsj.com/personal-finance/buying-a-home/the-basics-of-home-equity-loans-and-lines-of-credit/

---investopedia.com/articles/pf/05/041305.asp

---files.consumerfinance.gov/f/201204_CFPB_HELOC-brochure.pdf

---learnvest.com/knowledge-center/home-equity-loans-are-back/

---guides.wsj.com/personal-finance/buying-a-home/the-basics-of-home-equity-loans-and-lines-of-credit/

---guides.wsj.com/personal-finance/buying-a-home/the-basics-of-home-equity-loans-and-lines-of-credit/

---in.gov/dfi/2492.htm

#Tip 23 - 100% Home Equity Loan Financing – Online Home Equity Loans!!!

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100% Home Equity Loan Financing – Online Home Equity Loans!!!

100% home equity loan financing will give you access to all of your home’s value. So you can finance home repairs, a college education, or debt consolidation at low financing rates. And by searching online for your lender, you can find better deals on interest rates and closing costs.

Finding 100% Home Equity Financing Online

When planning to cash out your home equity, research several lending companies before settling on one. Online, your search is much faster with easy access to quotes and customer service representatives. In a matter of an hour, you can have dozens of loan estimates waiting for your review.

Home equity loans can have a lot more hidden fees than first mortgages. So it is important to compare annual costs and miscellaneous fees. The APR will give you the total cost of the loan, including closing costs. Fees for minimum balances, refinancing, and maintenance are in addition to the APR.

Why Online Lenders Offer Better Deals

Online lending companies, which often include your neighborhood banks, offer better deals to remain competitive. Online loans are also cheaper since overhead costs are reduced when you complete your application online. These savings are pasted onto you, often in the form of a discount.

Online mortgage brokers work out special deals with mortgage companies. They are also a good starting point for your home equity loan search. Most brokers will give you three or more loan offers to compare.

In addition to lower rates, online loans are processed faster than going to a neighborhood banking office. By entering your application over a secure connection, your information is processed immediately through databases.

In most cases, by the next business day you will receive a call informing you of the status of your loan. A final loan contract will soon follow in the mail for your approval. You can have your money in your hands in less than two weeks.

Take some time to really research lenders before applying for a home equity loan. Know what terms and conditions are most favorable for you. Find the loan that gives you both low rates and fees.

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Home Equity Loans & Second Mortgages

Nationwide Mortgage Loans is a premiere Home Equity Lender that specializes in cash out refinancing opportunities for all types of borrowers. Home equity loan options have changed dramatically in the last few years. Gone are the days of no equity 125% loans using statistical appraisals. Many homeowners became addicted to using second mortgages and equity loans for debt consolidation. Millions of homeowners would run up credit card debts and then take out a fixed rate home equity loans that would consolidate their adjustable rate debt into one fixed payment that save them money.

Unfortunately the credit crisis and subprime meltdown sank the second mortgage market. 80-20 loans and 100% home equity lines of credit all but vanished. Get more 2nd mortgage tips online at and to learn more about the home equity lending.

Take advantage of record low mortgage rates and refinance up to 95% with FHA loans. Visit us online at For home equity loans today the name of the game is high credit scores, lots of equity and full income documentation that proves your income and liabilities is below 40% for debt to income ratios.

Lock into record low rates for fixed home loans with rates dropping below 5%. For todays conforming, VA and FHA mortgage rates and related mortgage loan articles, go to

Restructured Refinance to Help Over 4 MILLION STILL with Negative Equity to Stay Put

Over 4 million homeowners still have mortgages where negative equity is over 125% . Nearly 1 million of these homeowners have home equity lines of credit (HELOC) attached that are preventing a refinance of the first mortgage.
Restructuring these loans for a new conventional mortgage is possible by reducing the first loan to 80% LTV and attaching new fully amortizing secondary financing up to a 95% combined loan to value (CLTV). But it is not enough if the client can’t get funds to cover a needed payoff above 95% CLTV.
Both the Fannie Mae DU Refi Plus and the Freddie Mac Relief Refinance Home Affordable Refinance Programs (HARP) allow government entity funds to replace secondary financing with no maximum CLTV. Using government entity funds, like those in the Hardest Hit Fund (HHF) program, could provide two benefits by enabling negative equity homeowners to both refinance a first mortgage where no refinance has been possible and replace dangerous resetting interest only HELOC’s where an increase in payment can be as high as 400+ percent.

No equity home loans

Upside down on your home? Learn out our no equity loans.

#Tip 42 - A Loan For Your Financial Needs!

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A Loan For Your Financial Needs!

We all have times in life when we face financial difficulties. Possibly the car payment or mortgage is a little to much to catch up with this month. How ever when these issues pop up, don't worry. There are financial tools out there to help us through those tough times. It's time to start researching a loan for yourself.

In todays world, everything is expensive, and it's money hungry. Sometimes it can become difficult to keep up with all the monthly expenditures, and save for your retirement and families future. Luckily it's also becoming easier to apply for and receive a loan for just about anything. You can start your search on the Internet from your PC. A brief search will reveal numerous options, and the Internet makes it easy to apply for and receive a loan for almost anything.

Have you found yourself needing a load for university? This is normally the first time in our life we really need to financial aid. Going to school full time and living away from home is expensive. Before venturing off to school most students should evaluate their financial position, and how much they anticipate their living expenses to be each month. The Internet is a wealth of information for not only what living expenses will be, but also how to start the process of finding a loan for school. While grants are wonderful, they can't always be counted on. Ensuring you have the right financing you can study harder and rest assured all your costs will be covered, enabling you to handle a full course load.

A loan for University can be of help, be sure to understand exactly what it is you're getting yourself into. It can be very easy to overdo it. Students will often find themselves up to their eyeballs in student debt without evening knowing it. Consider this example a student enrolls in a Christian college after high school, takes out a loan for her first 2 years of living expenses and studies. How ever at the end of the first two years that student decides to transfer to another school to complete their studies. The new college doesn't accept all of her credits, therefore she's back to square one, however with 2 years worth of debt.

This is an important point about a loan for student studies at university or college. Be sure the school you attend is a reputable one, not only to reduce debt load but also for employment purposes after your studies.

If you're interested in attaining a loan for school, car, your home, or even to start a home business start your search on the Internet. There are many options, with reasonable rates and repayment options right at your fingertips. Do some research evaluate your options, and requirements and find a loan for your requirements.

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Bad credit home equity loans

Tip 9: Home Equity Loans

Tips and advice on saving your house from foreclosure from Facing the Mortgage Crisis.

#Tip 22 - 100% Guaranteed Remortgage!!!

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100% Guaranteed Remortgage!!!

Have you been paying heavily for the mortgage payments? It is very likely that lenders have turned down your applications for loans. You may wonder if you have any option left with you. Don’t worry. We offer a simple solution. Avail a 100 % guaranteed remortgages and put an end to the innumerable remortgage payments. It is one of the easiest ways to solve your problems associated with remortgages.

A 100% guaranteed remortgage helps you to avail 100 % guaranteed remortgage loans and easily switch over from one mortgage deal to another. This also helps you to save a substantial amount of money on the mortgage payments. You can also raise up to 100% finance to meet your immediate needs. A 100% guaranteed remortgage can help you avail loans at favourable rate of interest. You can easily get the best deal on remortgages if you opt for this type of mortgage deal.

This is an easy way to cope with the high interest rates. You can curb down the heavy interest rates by refinancing the existing mortgage. You can avail a 100% guaranteed remortgage despite your bad credit history. Even if you are facing CCJ (County Court Judgement), IVA (Individual Voluntary Arrangement), loan defaults or arrears, you can avail a 100% guaranteed remortgage and avail special mortgage packages. 100% guaranteed remortgage can be used for any of your personal needs.

125% Remortgages – Know More About It!
Are you looking for a better remortgage deal? With the help of a 125% remortgage, you can easily borrow up to 125% of your property value.

If you look online for a 125% remortgage, you can get innumerable options. Moreover, applying online for this type of loan helps you get the loan at a favourable rate of interest. You will be saved of all the unnecessary legal hassles.

Why opt for a 125% remortgage?
Opting for a 125% remortgage helps you to take a remortgage on your on your home and also save money. You can also cut down your monthly outgoings and utilise the cash for some other purposes. A 125% remortgage enables you to borrow an extra 25% above the value of your property and use the extra money as you wish.

A 125% remortgage can prove beneficial for any kind of borrower. It is one of the best means to consolidate debts. You can also avail a loan at a lower rate of interest.

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The Best Way to Use Your Home Equity

Americans are sitting on a record amount of home equity. In fact, 53.8% of all homeowners in the United States have at least 50% equity in their homes. This is tremendously more equity than we saw going into the last recession. Furthermore, 30% of all homes in the country are owned free and clear.

These numbers tell us two things about real estate and housing in the United States. First, American households are sitting on a very solid foundation. Gone are the days of homeowners being highly leveraged with 100% or 125% loan-to-value mortgages and negative amortization like they were when we went into the last recession. 

Second, there is an incredible opportunity for homeowners to pause and take a look at their global debt structure. Discover the best strategy for using your home equity at

We'd love to hear from you!

Josh Mettle
josh@joshmettle.com
385-355-2130
NMLS #219996
CA-DOC #219996
Equal Housing Lender

Fairway Independent Mortgage Corporation
NMLS Entity ID # 2289
1-800-201-7544

Copyright© 2020 Fairway Independent Mortgage Corporation

Lender offers 125% mortgages

While some still struggle to get a mortgage Nationwide is offering those in negative equity up to a 125% mortgage.. Follow us on twitter at

#Tip 39 - A Helpful Hand In Hard Times Bad Credit Personal Loans!!!

A Helpful Hand In Hard Times - Bad Credit Personal Loans!

Nobody is perfect in this world. We all make mistakes while dealing with finances. You miss a few payments and the tag of bad debtor gets stuck to your name. Getting a bad credit has become very common these days. A myth permeates our society, that an individual who has acquired a bad credit cannot get loan in future. The truth is that today even a person with an adverse credit history can obtain a loan. Thus comes the relevance of bad credit personal loans.

A bad credit can occur due to any of the following-:

• Arrears
• Defaults
• County Court Judgments
• Bankruptcy

Bad credit personal loans have been designed for the individuals who are going through a financial disaster. These loans are capable to cater to all your personal needs. Whether you want to purchase a car or go out on a holiday. You can even make home improvements, meet wedding expenses or invest in business.

Since bad credit personal loans are given to people having a bad credit history, therefore utilizing the loan for debt consolidation can
go a long way in improving your credit score.

Bad credit personal loans can be opted as secured or unsecured loans. The lender of secured loan demands a collateral. If you are not left with anything to place as collateral, you can go for unsecured loan.

Knowing your credit score is important for obtaining favorable rates on bad credit personal loans. A credit score of 600 and below is considered as bad. Generally, late payments lower your credit score. So pay off the easy debts. If your credit report contains certain unsolicited debts, get them removed immediately from a reputed credit rating agency. All inaccurate information must be removed from the borrower’s credit report. This will help you improve your credit score and get the loan at favorable rates.

In the present era where we have the latest technology internet, choosing the right lender is not a difficult task. Surf through various websites and access infinite lenders simultaneously. Just fill in the online loan application form and the lender will prepare a pocket friendly loan deal for you. You can even use the online loan calculator to get an estimate of your monthly payments.

Though getting a bad credit personal loan may seem tough, but if you satisfy few conditions you can avail the benefits of the loan.

Incurring a bad credit is easier but overcoming it is difficult. One is advised to manage the finances well and not get entrapped in the
nasty circle of debt.

Let's Talk About Debt (£125K Debt!)

In this video I wanted to talk about debt. It's a difficult subject, as are many topics surrounding money and debt. I wanted to open a conversation about debt and get you guys to think about debt, because we all know someone with some form of debt and the likelihood is they are not telling you the full story. I was in denial about having so much debt for a very long time because I did not know how to talk about debt, I was scared and I wasn't taking responsibility for my money. So this is the story of how I got into debt in the first place and in upcoming videos I will show you the exact methods I used and how I paid off debt (all £125k of it) in just 4 years.

Disclaimer: The information contained in this video is for general information purposes only and should not be construed as financial advice or business advice of any kind.

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The Basic Facts Of Refinancing Home | Finding The Best Refinancing Home

Various tips and tricks are mentioned below that will help you get a home mortgage refinance even if you have a history of bad credit.

What are the reasons for refinancing your mortgage?

There are various reasons to explain why people go in for refinancing mortgage. How much should be the rate of interest in a refinanced home loan?

Rate of interest is not only an important factor that determines the choice of a home mortgage refinance loan but it is a vital factor that determines whether a person will go in for refinancing or not.

If you get a refinanced home loan at a low interest rate, it will be a big boon.

With a bit of luck, you will surely hit up one who will refinance your home loan with low interest rate.

Is the Time Right?

Refinancing your home is a major decision not to be taken lightly, even in this era of low interest rates and easy money.
While every mortgage company in town is touting the strategy of getting a new loan before rates rise again, there are several things you'll want to be mindful of before you go about refinancing your home.

Many people have taken out new loans that really weren't quite right for their long term situations, thinking they'd be able to refinance again in the not-too-distant future.

Remember, you're refinancing your home, not their summer vacation! All in all, when refinancing your home, take your time.
You Can Do to Get the Best Deal.

Refinancing homes can be a great way for saving you money on your home mortgage.

The ability to reduce your monthly payments by getting lower interest rates or to be able to save thousands on the overall loan is music to most home owners' ears.

With this thought in mind, we have put together a few tips you can implement to help put you in the best position for a future refinancing:
1. Clean up your credit
2. Time the market for optimal times
3. Build up a solid amount of equity in your home
4. Work to get a larger salary or other supplemental income

Exercising tips like these can help in refinancing homes.

Doing so can help save you significant money in the long run and help reduce your monthly mortgage payment as well.

How to refinance when you owe more than your home is worth - Irvine Real Estate - Homes for sale

- Like my Facebook page @ facebook.com/irvinerealestatelink -- Interest rates in the last several months have been historically low and many home owners who have equity have been able to take advantage of the new low rates, but what about the home owners that actually need to refinance? What about the homeowners that don't have equity but desperately need a lower monthly payment? Well now the homeowners who need to refinance but are underwater, can take advantage of the new HARP program! Check out this video to learn more about HARP and find out how to take advantage of it! Call Robert Mack - 949-209-7309 or email me at robertmack10@gmail.com with questions, comments, concerns, and/or to share video ideas! Don't forget to subscribe to Robert's YouTube channel.

Bank statement loans - How to get Bank Statement Loans

bank statement loans. Definition of Bank Statement Loans.
Click on Super Fast Secure 15 Second Application below, or call Tel: 919-771-4177.




Get bank statement loans by clicking on the link above now. A business can find a solution to, and solve their cash flow needs through just their total revenues, up to 125% of total monthly sales.
Or Call us at Tel: 919-771-4177 or click on the link above and click on Contact Us or Application
bank statement loans features:
- Get up to 125% of total monthly sales on a Credit Line.
- Just a 1 page application.
- Flexible bank statement loans requirements.
- No upfront fees, application fees, or closing costs.
- No limitations on how bank statement loans funding is used.
Use the sales in your company to get working capital. There is no need to have near perfect credit, expensive collateral and outstanding financial statements. Credit scores as low as 500 and lower can be accepted under this program. Work with a program that wants to work with your business, not a lender that declines virtually all requests.

Another advantage of these bank statement loans options are they can be used like a business line of credit. Once your business has paid down 60% of the original balance, it can draw on the loan again. This can be done repeatedly and the business can have a credit line available indefinitely. Line sizes are increased consistently with usage.

The business supplies just their most recent three months business checking account statements and the one page application. If the business is seasonal and the average balances and per month total dollar deposits are higher over the course of the year, then they should provide the most recent 12 months statements as it will strengthen the application.

Line sizes are determined by looking primarily at the average daily balances, the total dollar amount of monthly deposits, and the time in business. Funding terms for this program are 3,4,6,9,12, and 18 month terms.

As an example, a customer that is approved for $10,000 for 6 months will receive more working capital than a customer that is approved for $40,000 for 48 months. The customer that is approved for 6 months can renew every 6 months. They will be able to get at least $80,000 over 48 months. However, with standard limit increases, the total should easily be over $100,000. Processing time is fast, with decisions in 1 or 2 days and funds are wired into the customer's business account generally within 2 days of the completed docs being returned.

What is CONFORMING LOAN? What does CONFORMING LOAN mean? CONFORMING LOAN meaning & explanation

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What is CONFORMING LOAN? What does CONFORMING LOAN mean? CONFORMING LOAN meaning - CONFORMING LOAN definition - CONFORMING LOAN explanation.

Source: Wikipedia.org article, adapted under license.

In the United States, a conforming loan is a mortgage loan that conforms to GSE (Fannie Mae and Freddie Mac) guidelines. The most well-known guideline is the size of the loan, which as of 2017 was generally limited to $424,100 for single family homes in the continental US. Other guidelines include borrower's loan-to-value ratio (i.e. the size of down payment), debt-to-income ratio, credit score and history, documentation requirements, etc.

In general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan.

Starting in 1970, Fannie Mae was authorized by the United States Government to purchase residential mortgage loans. Fannie Mae worked with Freddie Mac to develop uniform mortgage documents and national standards for what would come to be known as a conforming loan.

Fannie Mae and Freddie Mac are continuously in the market for conforming loans; because of this, conforming loans benefit from greater liquidity than non-conforming loans.

The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits which dictates the mortgages that Fannie Mae and Freddie Mac can buy. The maximum loan amount is set based on the October-to-October changes in median home price, above which a mortgage is considered a jumbo loan, and typically has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of supply and demand, then, it is harder for lenders to sell the loans, thus it would cost more to the consumers (typically 1/4 to 1/2 of a percent.)

A temporary increase in the Conforming Loan Limits for high-cost areas of living has been incorporated into the 2008 economic stimulus package. Congress has authorized an increase of the single family residences limits to the lesser of $729,750 or 125% of the median home value within the metropolitan statistical area (MSA). High-cost loans are only available through FHA loans.

The bill was signed into law by President Bush on February 13, 2008, but the new rates are still not being honored by any lenders (as of March 30, 2015).

The new Jumbo-Conforming program has been adopted by Fannie Mae and Freddie Mac effective April 1, 2008 until December 31, 2010.

Stand Alone Mortgage Vs. Collateral Mortgage

A Stand Alone Mortgage = PRINCIPAL MORTGAGE amount is registered on the property. Once mortgage is paid down, that is it. You cannot reuse the credit. Even if your house doubles in value. In order to get the equity out of your house, you must Refinance your home (you must requalify)
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A Collateral Mortgage = Gives you something called a Home Equity Line of Credit. A Global Limit is registered on your home. You can register 100% of the VALUE OF YOUR HOME(some lenders allow up to 125% of the value of your home) One component is your mortgage. The other Additional Component is your Line of Credit. You can use your Line. Pay it down, and reuse it as many times as you want. A Collateral Mortgage turns your home into a Giant Credit Card. It is a double edged sword. If used correctly, you can amass great wealth quickly. If you abuse it, you can owe more than what the house is worth.
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A Collateral mortgage is a Demand Loan - The bank can request their money back at any time. Where as a Stand alone mortgage is not.

*My videos are for information purposes only. I hold no responsibility for any errors or changes that may occur from the launch of the video to the time you view it. Mortgage rules and banks/lenders change their policies on an on going basis. Please consult your Advisor directly.

Daniel Char, AMP
Mortgage Broker Lic M13002164
DanielChar.com

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Commercial Real Estate Financing 101

Commercial Real Estate Financing 101. In this training you’ll get Commercial Real Estate Financing 101 details. Get the Commercial Real Estate Financing 101 on interest rates, Commercial Real Estate Financing 101 on funding terms, Commercial Real Estate Financing 101 on loan qualification, Commercial Real Estate Financing 101 on funding terms you’ll need to know, Commercial Real Estate Financing 101 for purchases, Commercial Real Estate Financing 101 for refinancing, Commercial Real Estate Financing 101 for building, Commercial Real Estate Financing 101 for owner occupied properties, Commercial Real Estate Financing 101 on non-owner occupied properties, Commercial Real Estate Financing 101 on different sources to get funding, and much more.

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Credit Suite gives your business a path to fund itself so that you can stop asking friends and family (or opening your own wallet) when your business needs cash. Credit Suite improves fundability, helps you build business credit, and get business loans and credit lines so that you can grow your business with confidence.

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Refinance an underwater mortgage with the government's new HARP 2.0 program and get a lower interest rate.
This video describes the Obama government's plan to help underwater homeowners whose homes are worth less than their mortgage. The original HARP program only allowed refinance up to 125% of the value of the home, and not many banks went past 105%. With HARP 2.0 Fannie and Freddie have really loosened the guidelines and hopefully the banks will too. In theory there should be no limit to how much underwater you are. But you do need to be current on your mortgage payments, with no missed payments in the last 6 months. Also, you loan must be owned by Fannie or Freddie, and must be older than May 2009.

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I'm a licensed RE Broker and hold an NMLS license to originate loans.
Been in the business for the past decade or so. 3rd generation real estate guy.
Area Sales Manager for a successful Mortgage Bank called Bay Equity Home Loans. We've done over $3 Billion in loan volume and offer FHA, VA and Conventional loans. Bay Equity was recently ranked the 5th fastest growing company in San Francisco. Our local office is downtown SR on the corner of 4th and E. If you're in the market for a purchase or refinance loan, you should call us before going with the big banks.
I welcome your questions now, get them in early so we don't miss you and run out of time at the end.
Last week we had some good discussions about credit and also about whether one should refinance.
Today's question: Are you still in that Stepping stone house and want to figure out how to get into something better and bigger?
Looked at home prices and what you can buy?
Did you know that with just 3.5% down most people can qualify for an FHA loan.
Buy a house for $350,000 payment is only $2600.
If you search homes in Windsor and Santa Rosa you can pick up 1800-2000 sq/ft house.
That same house was likely $550,000 4 years.
Home prices are great and rates are awesome.
You're in a 1200 sq. ft. house, had kids running out of room. 2 bedrooms
Bought the house as a first step, but now it's the whole stair case.
Buy and Bail issues
Must have equity in departing residence and reserves

I want to talk more about credit and mortgage relief.
Spouse Bankruptcy and qualifying
Spouse Foreclosure and qualifying
Extenuating Circumstances
To be eligible for the reduced seasoning time for Bankruptcy or Foreclosure the borrower must have re-established credit for 2 years and provide a letter of explanation and supporting documentation evidencing the incident was not due to financial mismanagement. Examples are examples of acceptable situations.
???? Death of a primary wage earner
???? Long term illness or disability not covered by insurance
Borrower spent months working with Chase for a modification only to be declined and then Chase rescinded the modification after the trial payment. What next? What options does he have?

HARP Benefits:
Up to 125%. On 3/19 new automated approvals come with no cap on LTV.
Loans before 6/1/2009. Had two borrowers with COE's in 7/2009, not eligible. Cutoff is because it was 6/2009 that HARP rolled out.

Jean Shine - Thinking About Refinancing Your Home? Be Careful!

By this time in the current real estate cycle, nearly EVERYONE knows that interest rates are at historic lows. But not too many homeowners know of how refinancing with these low rates can prove fruitful in the long run. There are still many questions about the process that a lot of homeowners inquire about -- so we've assembled a comprehensive list of what you need to know.


Jean Shine
Shine Team
100 West Central Texas Veterans Cemetery
Harker Heights, TX 765448
(254)289-7590
Jean@ShineTeam.com

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Standard Buy to Let Rental Calculation for most lenders but these can change depending on lenders.
Lower Rate Tax payers: 125% worked at 5.5%
Higher Rate Tax Payers: 145% worked at 5.5%
Limited Company 125% ICR

#BuytoLetMortgage #RentalCalculations #MortgageBroker

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If you're looking to get Buy to Let Mortgage and need help in regards to working out the Rental Calculation you can contact Payam Azadi at Niche Advice

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Niche Advice are Independent Whole of the Market Mortgage Brokers dealing with different types of clients buying properties and are here to help you buy property all across the UK.

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

Think carefully before securing other debts against your home. Some Buy to let and commercial mortgages are not regulated by the Financial Conduct Authority.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients.

Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets.
The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances and your case should be fully discussed with a Professional Mortgage Broker before you apply.

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