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17 May 2021 | 5 replies
@Ethan AdamsHonestly, the good old fashioned way of saving it up is my go to.
16 May 2021 | 0 replies
Most of my adult life has been spent associated with the military and federal government in some form or fashion.
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16 May 2021 | 0 replies
I have seen minor savings on some artwork and hiring soils engineer for the project.
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18 May 2021 | 1 reply
However, less than 5 miles away in which I have interest in, is a different county and city, that information is not available to be retrieved in that fashion.
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20 May 2021 | 0 replies
The old fashioned way 20% down conventional.
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4 June 2021 | 4 replies
The old fashioned way 20% down conventional.
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25 May 2021 | 2 replies
They want an old fashion in person signing of the agreement.
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28 May 2021 | 18 replies
This is good ole’ fashioned free market capitalism at work.
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27 May 2021 | 9 replies
If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed 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, 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.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower
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1 June 2021 | 8 replies
LLC's are mostly an REI fashion statement.