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Can you re-fi your primary home after losing an investment property to forclosure?
Wiki User
∙ 15y ago
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
Wiki User
∙ 15y ago
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What is the difference between a high and a low tolerance for risk?
It's a client's willingness to trade higher rates of return on an investment for the risk of losing part or all of their capital investment.
What are title pawn loans and are they safe?
You give over a piece of property and get a low amount of money on loan. They usually have a very high interest rate and you may end up losing your property.
Where is the best place to invest your money on pay day?
The Stock market is a classic choice for investment. You can also invest in Belaris Bank, there is no risk of losing it and has an annual 13 percent interest rate!
Can you get approved for a new mortgage if you have an existing home which is being rented out?
Yes, you can. You add the rent to your income and add the payment to your monthly bills. The difference is called "positive cash flow" and it's ideally what you want to have or you will be losing money as a landlord. Owning rental property and making the payments on time with positive cash flow is a good thing when trying to get a mortgage, HOWEVER if you are getting a mortgage for more rental property, expect to pay a higher interest rate. The key is to finance it as your primary residence and live there for a while before converting it to rental property.
If you are paying interest only on a mortgage and have no equity in a home that has depreciated can you abandon the property?
Sure, if you don't mind losing your entire investment, ruining your credit rating and being hassled by creditors. Ok... enough sarcasm... maybe you need to talk to Suzie Orman. Yes, but the borrower will still be responsible for any deficiency between the loan balance and the amount that the lender receives in the sale of the property. In addition to any deficiency that may result, the borrower is also responsible for all other costs incurred by the lender related to the foreclosure process.
What are the consequences of friendly foreclosure of an investment property?
Foreclosure results in the buyer losing the property.
What are the Questions asked by customer related to investment?
Some common questions are: # Risk profile - Chances of losing the investment # Returns on Investment # Investment Tenure # Reputation of the investment house # etc...
What is another word for a property losing its value?
property devaluation
What if a person has life estate but is on the verge of losing the property what can the heir do?
You need to explain why a life estate holder is on the verge of losing the property and why you call yourself the heir.
Can a landlord file bankrutpcy without losing property?
Yes.
What risks are associated with trading options?
There is a risk of losing your entire investment rather quickly. As the option nears its expiration date there is an increased chance losing the whole investment. Also, some option contracts have excercise provisions may lessen the profitability of an option.
What is the difference between a high and a low tolerance for risk?
It's a client's willingness to trade higher rates of return on an investment for the risk of losing part or all of their capital investment.
Did Hillary Clinton run for president?
Yes, she did in 2008, losing the primary to Barack Obama, and again in 2016, losing the general election to Donald Trump.
You are a financial advisor whose client is concerned about losing his investment if a company goes out of business what do you advise the client to buy?
preferred stock
What does it mean to be trapped economically?
Being "stuck" in a predicament relating to money. For an example, making an investment that fails (losing money) or being in debt.
Is a 1994 Nissan 300zx a good investment?
Yes and no. It's value will appreciate if it's in good condition. But you will be losing money overall on maintenance.
Can you get charged with malicious destruction of property for losing something in Michigan?
Generally, losing something is not the same as malicious destruction of property. In order to prove that someone maliciously destroyed property the remains of the property having been destroyed is normally presented as evidence of such destruction. The misplacement or loss of something would be considered more of an accident -- something for which you could be sued in civil court, but probably not prosecuted for in criminal court.
