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26 March 2020 | 7 replies
thank youSounds like your attorney is referring to doing a loan in second position for the borrower, essentially a second mortgage.
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25 March 2020 | 1 reply
I would also talk to my lender about how this would effect my borrowing ability.
26 March 2020 | 7 replies
If you have a friend or family member (personal loan even) that you could borrow the funds from for 15-30 days, you could buy in cash and then execute a delayed financing under a residential loan immediately.
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26 March 2020 | 1 reply
We are definitely planning to complete our refinance as long as the interest rate makes sense, but this would be very unattractive for new borrowers as a lot of the other terms that were available a few months ago are long gone now.
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29 March 2020 | 17 replies
Many brokers had borrower relationships but no capital.
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7 April 2020 | 28 replies
Not all lenders are going to work with all borrowers on restructuring
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11 September 2020 | 328 replies
Machine is broken, can I do contingency work, fix it or borrow another machine.
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28 March 2020 | 2 replies
I don't see a point in keeping all that equity tied up when you can borrow on it for around 4% right now.
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25 March 2020 | 0 replies
Only conventional loans under government guidelines are required to allow borrowers mortgage extension.For any borrower who heard from from a servicer that they don’t have to pay and they will not be marked as late. — The borrower needs to understand other terminologies used by servicers reporting to credit bureaus, such as “Paid not as agreed” etc.
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27 March 2020 | 5 replies
To borrow a quote from my partner: There is no bad real estate just bad terms.