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What else can I help you with?
What does it mean when a condo is in a foreclosure?
When a condo is in foreclosure it means that a lender is trying to recover funds from a borrower who has defaulted on their loan. The lender claims possession of the property to satisfy the debt.
What is the average rate for a mortgage loan?
The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.
How much paperwork is involved in applying for a small business loan?
Not any more than is involved in applying for a regular loan.
Turnaround time for va condo loan approval?
It all depends.There are too many variables to give you a firm time. They include:Your credit-worthinessYour down payment percentageYour lender's parameters for lending to condominium buyersThe status of the existing titleDocumentation your lender might require from the associationAnd more.
What are the steps involved in taking a loan out?
The steps involved in taking out a loan typically include: researching and comparing loan options, submitting an application with personal and financial information, undergoing a credit check, receiving approval or denial from the lender, reviewing and signing the loan agreement, and finally receiving the funds.
What two sets of loan guidelines must one qualify to refinance a condo?
Your condo must be approved for FHA or conventional financing (from Freddie Mac or Fannie Mae). You will need approval because a third-party is involved, which makes refinancing a loan risky. You will also have to fill out a questionnaire, which will ask questions about you and the other occupants.
A personal business letter may be written by?
A college student inquiring about a loan.
You own a condo and the loan is about to adjust can you refinance if the loan amount is more than the condo is worth?
Your lender or banker is best prepared to answer your question. You may need to leverage additional collateral to make up the difference.
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with 1/3rd down payment?
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with one-third down payment?
How long can you take a loan out on a condo for in Florida?
A local lender can give you the answer you want.
What does it mean when a condo is in a foreclosure?
When a condo is in foreclosure it means that a lender is trying to recover funds from a borrower who has defaulted on their loan. The lender claims possession of the property to satisfy the debt.
Do you have a tax liability if given a condo?
Yes.Like on any home, you will pay a property tax. You can discover the amount by inquiring of your county or provincial property tax assessor where the condominium is situated.
Where can one get a loan consolidation?
You can receive a loan consolidation by contacting your local bank or credit union that you use and inquiring about consolidating there. You can also check websites online such as Wells Fargo and the Loan Consolidation website which is government run.
What is the average rate for a mortgage loan?
The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.
How much paperwork is involved in applying for a small business loan?
Not any more than is involved in applying for a regular loan.
Is a unit of a condo association able to secure a SBA loan if association rents out property?
SBA loans are vetted for use by small business. The association may be a small business, but the purpose of the loan should be to expand and grow the business, which is not a goal of an association in a common interest community. If the association needs money and wants to take out a loan, there are banks that will loan money to associations, based on the association's ability to collect assessments from owners. Best practices dictate that the board sit down with a banker to discuss loan options.
How can I get an emergency cash advance on a loan from Bank of America?
I would suggest going directly to the bank and inquiring. Banks don't generally participate with cash advances. If you have perfect credit go for a signature loan.
