With home equity loans, the interest varies from lender to lender. For the most part, each lenderstays within the interest guidelines setup by the loan officers. Home equity loans are sort of a cash inadvance loan, since many lenders will provide the loan with no closing costs, fees, or other upfrontcosts. Most loans require that the borrower pay origination fees, title costs, arrangement fees, stampduty, and closing costs, while the home equity...more
Are your thoughts stopping you from having success in Network Marketing?Thoughts are made up of our belief system. We choose and form judgments based on beliefs we have collected over the years. We have attitudes, ideas and opinions of others and ourselves. We have been conditioned to think and act a certain way.All our life experiences have led us to believe certain things. Whether these things are true or not, to our brain it really does not...more
The one thing I want you to think about as we are starting the New Year is the single most important factor in all of business. Take and throw everything you know out the window because without this one possession, you'll end up more lost than driving down an old country, dirt road in Alabama.It's called direction...Direction for you and your business... Since it's the beginning of a new year, you should initiate the year off on the right foot. Take the next few days to work on your real estate business instead of in it. What do I mean here? Shut off all the phones and conduct some serious soul searching to figure out what it is you're really looking for from your real estate business. See, it's time for you to stop tiptoeing along and get to work. This can be your year to stop being a "lookie-lou" and become a real investor. More on that in a sec but let me ask you -"What direction are you heading in right now?" Are you where you want to be in life?And no I'm not trying to sound like the latest Geico commercial with Tony Little yelling, "Yeah Baby, you can do it."I'm being totally serious here. See, a few years ago, when I worked at the...more
When a person takes out an equity loan, he may be expected to pay upfront fees and costs. One ofthe fees he may pay is the conveyance fees, which is the legal process of transferring ownership fromthe seller to the buyer. This means you area paying to take possession of the home's title. Generally, lenders hire contractors who are licensed...more
If you have bad credit and believe you are out of luck when it comes to refinancing or purchasing a new home, you may want to reconsider your options.Just because you have bad credit, it does not mean you will be unable to get a loan, nor does it mean that you are at the mercy of the mortgage companies. You are not.The mortgage industry is a very...more
The Federal Trade Commission has issued alerts to homeowners-and specifically homeowners whoare elderly and poor-in recent months. The market is swarming with mortgage lenders providingequity loans and some of these lenders are taking advantage of the misfortune. Some lenders are giving loans to homeowners who do not generate enough income each month torepay the debt. The lenders' goal is to take possession of the home once the mortgager fails to repaythe debt, thus gaining equity for himself. Some lenders are encouraging homeowners by offering them a equity loan. And some borrowershave been taken for a ride because they failed to read the terms and conditions on such loancarefully. The Balloon Repayment stipulated that the homeowner will repay only the interest towardthe mortgage and once the interest is paid then the homeowner will repay the principal on themortgage. Thus, the homeowner pays for the interest all to find out he never paid a dime on themortgage itself, and once the repayments kick in for the principal, the homeowner is at risk of losinghis home if he doesn't have the cash to repay the debt. Few lenders will offer what is known as "flipping" loans. If a...more
When considering home equity loans, borrowers often take out loans to increase equity on thehome. The loans are then utilized to improve the home, increasing the value. The homeownermay consider drops in market value and additions to the home to...more
Did you know that... we live in a lawsuit-crazy society?I'll bet you do know that. And I bet you also know thatcourt judgments are getting more and more outrageous all thetime. Unless you have some sort of asset protection strategyalready set...more
It has been centauries since the countries of the world understood the interdependence of each on the other. The phenomena of globalization are one of the reasons of this interdependence. The countries are trading among each other through economic...more
To keep up with the rates of equity loans, you should read any information available to you. If youhave the Internet, you can go online and read surveys, which will guide you to links that willprovide updates on equity loans and rates. For example,...more
Human beings are the building blocks of society. The societies agglomerate to make states. And then the nations are formed. The economy of a nation is the indicator of its prosperity. What the economy affects primarily are the people of a country....more
In part one of this article, we talked about the importance of database management in the success of your business. If you haven't already started your database, it is absolutely critical that you go back to part one of this article and get...more