Eva Mackowski
forebearance/deferral/good or bad?
29 June 2020 | 25 replies
.• The Mortgagee must capitalize into a modified mortgage balance:o the accumulated arrearages for unpaid accrued interest; ando eligible unreimbursed Mortgagee advances and related feesand costs chargeable to the Mortgage.• The Mortgagee waives the Borrower’s accumulated late fees.• The Mortgagee sets the interest rate at no greater than the MarketRate1as defined by HUD.• The term for the modified loan is 360 months.
Matt I.
Real Estate Investing VS Socialism
31 March 2020 | 1 reply
Given the current rent crisis, it would expect him to add this to his agenda.Could there be a limit on how much profit property owners can accrue, after all expenses are covered?
James Carlson
Will mortgage forbearance affect credit or loan qualification?
1 July 2020 | 8 replies
—During a period of forbearance described in this subsection, no fees, penalties, or interest beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract, shall accrue on the borrower’s account.
Keith Foltz
Seeking advice on HELOC or cash out refinance
1 April 2020 | 2 replies
If you use a HELOC you have cash ready to pull, and only accrue/pay interest once you have pulled it.
Paul Thomas
After Settlement Issue
22 August 2020 | 11 replies
Half house is demoed, some small expenses have accrued, seller realtor encouraged her to sign docs after getting ok from title.
Mike Hartzog
Borrower Accommodations for COVID-19 Impacts
4 April 2020 | 5 replies
Interest does not accrue over this period, and there are no late fees and charges.
Timothy Douglas
Private Lending Mechanics
13 April 2020 | 9 replies
My last question is whether or not these private money websites that accrue investors that lend nationwide are worth my time?
Josue Hernandez
Can City Code Enforcement Fines Ever Be Settled?
2 April 2020 | 2 replies
Here it ranges from 10-60% of the accrued amount.
Marquis Williams
Steps after Purchase of List Source
3 April 2020 | 6 replies
Again, it's simply a curiosity question and maybe the youtube video you watched explained the answer.
Trecia Benjamin
How do I use my current properties as collateral?
6 April 2020 | 7 replies
If you have more than 20% equity in the homes, you should be able to take out an interest-only line of credit against that additional equity, which basically sits in an account without accruing any interest until it's used.