He can offer, at today's rate, a 30-year fixed streamline refinance at 4.625% with all costs rolled into the loan balance.

We recently received a letter that ALL business LOC were cancelled as of 15 Jan 09 and outlined the payment plan for paying off the balance.

I sold it very quickly for $85k with $20k down with the balance at 8% interest only with a three-year balloon.

A Proper, non-profit oriented focus on Human rights, and a voice for passive resistance which can be a tool. 4.

I think if you can develop a "what if" balance sheet and income statement, you can play with the scenarios to confirm this is a good way to go.

If the lender chooses to sue the borrower and obtain both a foreclosure order, and if the proceeds of the judicial sale of the real estate are not sufficient to repay the loan balance, then a deficiency for the balance.

Jon touched on this, I wanted to elaborate: The main reason is that the bank must be able to balance its fixed/floating assets and liabilities.For example, think of the bank's books when you take a loan.

All I can say is that VA financing is extremely difficult to get through and many banks and lenders want nothing to do with it and don't have enough experience to manage these types of deals properly.

You might be able to use a property management company to get your management costs in the proper ratio, provided an onsite manager isn't required by law.

That inspired me to start buying rental properties because I saw how many benefits there are (as long as they are managed properly) I joined the site to learn the hidden aspects of real estate that can be easily overlooked by someone just starting off.