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All Forum Posts by: Max Matrin

Max Matrin has started 0 posts and replied 102 times.

Post: First Time Private Lending

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

When the word gets out that you’re lending private money, you’re going to have real estate investors coming out of the woodwork looking for funding. That’s great news, because as an investor yourself, you benefits from having a diverse selection of deals from which to choose.

Quitclaim deeds are a very common type of legal document that deals with the rights associated with a property. The forms are commonly used for divorce or joint mortgages. While you may be considering signing a quitclaim deed, you need to fully understand what you are signing before you do.

Post: Please Help.. Loan Refinance Advice

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

I think that One of the key reasons home owners choose to refinance their loan is to secure a lower interest rate and reduce their monthly repayments. However, refinancing can come with some costs, so it's essential to weigh up the savings of refinancing against the expense involved.

Post: Fed raises rates

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

Fedral Raise has raised short-term interest rates for the first time in nearly a decade, calling an end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.

Post: FHA loan on second property

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

Yes, if you're going to use it as primary and if your current home does not have an FHA loan. You can only have one FHA loan. There are some soon-to-Be New FHA Guidelines, so if you're thinking about getting an FHA loan, you might want to do it now before the guidelines change.

Post: Contractor loans

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

With our unsecured contractor loans or contractor Lines of Credit we offer:

  1. 24 Hour funding without the invoices or receivables
  2. No Need to Contact the contractors clients
  3. Line of Credit option available for qualified contractors.
  4. You do not need to sell your invoices or assign your invoices
  5. No Need to verify invoices or concerns about retainage
  6. No need for UCC's or No Lien on Equipment
  7. No lengthy bank approval process or additional liens on home or business property
  8. Easy contractor working capital to cover payroll
  9. Contractor Financing to purchase materials
  10. Gain Additional Financing to secure larger work orders and contracts!
  11. No Loan Payments for up to 30 days for some programs!

Post: What is a good mortgage interest rate?

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

he best mortgage rates are still at historic lows heading into 2016. According to the St. Louis Federal Reserve, average 30 year fixed mortgage rates are still under 4%. With these rates, home ownership has never been more attainable. Low mortgage rates are only one aspect of choosing a lender, but finding the best rates is the first step in whittling down your list. I’ve purchased two homes in the past five years, and can personally attest to the fact that the home buying process can be nerve-wracking, but tremendously worthwhile in the end.

Post: 203k Loan costs?

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

The maximum amount of money a lender will give you under an FHA 203k depends on the type of loan you get (regular vs. streamlined). With a regular FHA 203k, the maximum amount you can get is the lesser of these two amounts: 1) the as-is value of the property plus repair costs, or 2) 110 percent of the estimated value of the property once you do the repairs.

Very Low interest rates

Non-recourse

Flexible prepayment

No underwriting floors for all fixed-rate products

Full-term interest-only options

Post: Ideas about getting a loan against a 401k

Max MatrinPosted
  • Montgomery, AL
  • Posts 109
  • Votes 11

Borrowing against a 401(k) is a risky proposition. There are harsh penalties for failure to repay and taking money away from retirement savings is always risky and should not be a decision made lightly