
18 March 2020 | 5 replies
However, on another thread someone suggested allowing tenants to "borrow" from their own security deposit to pay the rent.

1 April 2020 | 13 replies
It still could be a smart way to borrow, even without a tax deduction, provided that it does not violate the lending rules: check whether you may be prohibited from using borrowed money for a down payment.
28 March 2020 | 6 replies
See link: https://www.towerfcu.org/borrow/home-equity-loans/#1476475273171-508dedd3-9567

7 April 2020 | 27 replies
Many are going to focus more on experienced borrowers.

20 September 2021 | 975 replies
Your Borrower will need to execute the Pre-Negotiation Letter and request the ability to obtain a PPP loan.
22 March 2020 | 18 replies
I suspect lenders will want to see that.this is not owner occ issues landlords are a for profit business profit or LOSS.. so they will be treated differently I suspect. but end of the day i don't think those holding mortgages want a repeat of mass defaults and will come up with creative workouts for borrowers..

20 March 2020 | 6 replies
I totally understand the increments of .5% each month but what I don't understand is how the interest gets applied.The 2 different options that keeps popping up from people that tries to explain this to me is the following:If I borrow $100,000Option A:1st Month: $100,000 x 4.99% = $4,990 interest2nd Month: $104,990 x 5.49% = $5,763 interest3rd Month: $110,753 x 5.99% + $6,634 interestOption B:1st Month: $100,000 x (4.99% / 8) = $623 Interest2nd Month: $100,623 x (5.49% / 8) = $690 Interest3rd Month: $101,313 x (5.99% / 8) = $758 Interest

20 March 2020 | 9 replies
Borrow from Peter to pay Paul.

22 March 2020 | 19 replies
The people who took out HELOC's on their personal homes (borrowed) to be able be in this business might be facing a double edged sword if their W2 income is effected by this.Losing their homes would be a tough blow, a lot tougher than having to sell off an under performing SFH rental.It used to be called "Betting the Farm".Hopefully we pull out of this thing before it gets that bad.

21 March 2020 | 2 replies
Delinquent borrowers living pay-check to pay-check will not be able to catch up.