Mortgage lenders who utilize QM loans must first qualify a mortgage borrower’s income, liabilities, and monthly debt payments to determine whether the borrower can successfully pay back the loan in the future.

This business is about personality and trust between a lending provider and a borrower.

We borrowed the cash to purchase the home at no cost, but of course the family wants their money back.

During times when banks are risk-averse and reluctant to lend money to any but the most creditworthy borrowers, seller financing can make it possible for many more people to buy homes.

I have been the borrower a number of times with friends who use Quest ira.

An exception in the IRA world is if leverage such as a mortgage is used, in which case a small tax applies to the percentage of the income attributable to the non-IRA (borrowed) money. 

How much do you pay for the private money you borrow, versus what do you earn on the notes you buy with the borrowed funds?

@Juan VargasThere are two types of foreclosure, a judicial sale and a non judicial saleJudicial sale goes through the court process and the lender files a lawsuit against the borrower.

Yeah, you'll pay $22k over the year, but the payment is made monthly, bringing your balance to what you borrowed.   

I thought I could use the HELOC but I can’t and now I’m wondering is my only option at this point is to borrow money from friends, family, strangers!?