Vincent Matraxia
Life Collateralized Mortgage Obligation (LCMO)®
Has anyone had any experiance with this type of loan?DESCRIPTION: A NET LIFE LCMO® is a thirty (30) year fixed, low cost (average 4.5% APR) amortized mortgage which is available to all applicants over the legal age of...
Olga Fomenko
Collateral Assignment of Note and Mortgage
Doing my first lending deal and the borrowers attorney sent us the paperwork that doesn't have property address nor it mentions the title company that I'm instructed to wire money through. Can someone who has experien...
Amy A.
EDR Collateral Screen problem with loan
I'm refinancing a 5 unit apartment building and the bank just started doing "EDR Collateral Screening". I think EDR stands for "Environmental Data Resources". The result is quoted below:
" EDR collateral screen out...
Account Closed
CD's used as collateral for flipping
I spoke to a local lender who told me that cd's could be collateralized for loans of 80% total ARV. With the cd as collateral they will quick cut checks for the re-hab per your own draw schedule. This was exciting to...
Chris Gravitt
Using land as collateral to build
I own 3 parcels debt free and am wanting to develop them with as little out of pocket as possible. Any suggestions on using a commercial loan vs. Line of credit vs. Mortgage. Business credit is not seasoned and I woul...
Michael Randle
Free and clear property as collateral?
I hope to keep this an easy question. Sorry for posting this in two places but I am not 100% sure this is the right place.If I have a free and clear land that I want to build a 5+ building on, will a bank accept the t...
Keith Nixon
Investing with collateral but bad credit
Hey guys...can anyone help me out with how I would go about getting a loan if I have bad credit ? What I do have going for me is a fully paid off 4 unit apt bldn with positive cash flow valued ~70 k.. What would be my...
Maarten Stevens
Bonds as a collateral for loan
Hi Everybody,I am currently working on pre-arranging financing for my first deals. As I am currently not living in the countries where I want to execute these deals (Eurozone and Turkey) , I am limited in conventional...
Jared Kuhn
Mortgage note as collateral For loan
Hello Everyone,
I am getting a mortgage note with a UPB of 60k, amortized for 6 years at 8% so the monthly payments are $1051.99. I would like to use it as collateral to borrow 42k from a private lender, interest on...
Kevin Barton
4.68 Cul De Sac acres as collateral
Greetings and much thanks for reading and responding. What is the best strategy in using my land(debt free) as collateral for my first duplex/triplex opportunity. The land appraised for 50K. It's currently for sale fo...