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I'm looking to refinance investment property and take cash out. Could you tell what the requirements are for investment property. Thank You?
Eligible Property Types 1- to 4-unit investment property Properties that meet the definition of Condominium Hotels per Guide Sections 42.3 and 42.10 are not eligible Eligible Mortgages If the subject property is the borrower�??s only financed investment property: 15-, 20-, and 30-year fixed-rate mortgages 5- and 7-year balloon/reset mortgages Most standard ARMs A-minus Mortgages If the borrower owns more than one financed investment property: 15-, 20-, and 30-year fixed-rate mortgages 7/1 or 10/1 CMT- and LIBOR-indexed ARMs 7/6-month or 10/6-month LIBOR-indexed ARMs Super conforming mortgages. See Guide Chapter L33 for requirements. Ineligible Mortgages The following mortgages are not eligible for delivery as investment property mortgages: Mortgages with temporary subsidy buydowns Home Possible?? Mortgages Initial Interest?? Mortgages Alt 97?? Mortgages Affordable Merit Rate?? Mortgages Streamlined Refinance Mortgages Seller-Owned Modified Mortgages A-minus Mortgages, when the borrower
Who financed Howard Carter's work?
Lord Carnarvon financed his work
Where can you find a release of lien for an owner financed property and being that the owner's have died?
Once you have paid off the loan to the seller, or the seller's estate or heirs, they should give you a lien release.
What line of business does a trainee mortgage advisor work in?
They work in the business line. They usually help with advising other people's mortgages. They give them information on their mortgages and say possible things that they can do for their mortgages.
What did Scrooge do for work?
He was a money lender, primarily managing mortgages.
Who financed watts steam engine?
Matthew Boulton financed Watt's work and was his partner (1775-80) in manufacturing the engines at Soho near Birmingham.
What is assumable mortgage?
An assumable mortgage is a type of home loan that allows a buyer to take over the seller's existing mortgage, including its terms and interest rate. This can be beneficial for buyers if the existing mortgage rate is lower than current market rates. The seller remains liable for the loan, but the buyer makes the payments. Assumable mortgages are typically more common with FHA and VA loans, but not all mortgages are assumable.
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
How can I find out if an owner financed home is insured?
To find out if an owner-financed home is insured, you can request proof of insurance from the seller, such as a copy of the insurance policy or a certificate of insurance. Additionally, you may want to contact the insurance company directly if you have the details, though they may not disclose information without the owner's consent. It's also wise to include a clause in the owner-financing agreement that requires the seller to maintain insurance throughout the financing period.
How you can sell mortgages?
You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.
Does Jacksonville Mortgage deal in residential as well as commercial real estate mortgages?
Yes, Jacksonville Mortgage deals in residential as well as real estate mortgages. They not only work with home mortgages but also with real estate for companies and other properties.
What country did hernan Cortes work for?
Hernán Cortés was financed by the Spanish monarchy, although he did not exactly "work for" them; he was not an employee.
