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5 July 2016 | 8 replies
From Fannie:Borrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate [EDIT: eg, a HELOC], or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt [EDIT: in other words, 401k loans are not only acceptable, but we don't even hit your DTI with the payment].I like to push things; I've been waiting for an opportunity to use artwork-secured debt for ages but it's never come up.
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20 December 2007 | 12 replies
At the same time, I was always able to buy a house with no money down even during this automobile block.
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19 April 2008 | 23 replies
Domestic goods would only be effected if imported goods are incorporated but since most commodities are steel, oil etc are traded in Dollar the US is immune to imported inflation from these goods.This is the self regulating mechanism that will bring the trade deficit back in line.
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21 June 2010 | 11 replies
Odds are you know more HIV infected people than you do Meth cooks.
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19 June 2009 | 2 replies
I hired a contractor who replaced all infected sheetrock walls, cleared the mold and painted the whole area.
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18 January 2011 | 15 replies
We will still see some markets exhibit price weakness and that will infect other collateral industries.
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7 November 2014 | 52 replies
I sell my contract to buy at $25k for $27k before I am actually required to put up the money and take possession of the car.You are claiming that the fact that I am a principal to the initial contract, and to the second, is going to insulate me from having to be licensed as an automobile dealer?
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23 May 2014 | 5 replies
I see you are in Tampa which probably means you are possibly infected...
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2 July 2017 | 28 replies
And I'm not immune myself.
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24 September 2017 | 8 replies
And even then, In most states, homestead residences are immune from foreclosure on Judgment liens.