Archive for the 'Loans' Category
Mortgage Forgiveness Debt Relief Act of 2007 Signed Into Law
The Mortgage Forgiveness Debt Relief Act of 2007 (H.R. 3648) was officially signed into law yesterday, December 20th, 2007, by President Bush. The main objective of this bill was to amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income.
If your lender forgives a portion of the […]
Interest-Only Payments and Negative Amortization
Keeping the early mortgage payments as low as possible is a recentconcept that has made loans possible for many real estate investors.To understand how this works, it may be helpful to look for a moment at the basic mortgage process. In a mortgage, monthly payments by the borrower do two things: pay the interest charged […]
You Don’t Need Money to Own Real Estate
I say you must own real estate, rather than need to or should. If you choose to change your life and create the income you know you deserve by investing in real estate, you must do certain things. One essential thing you must do is buy property in the United States today. With low interest […]
Home Equity Line of Credit
Using a credit line to borrow against the equity in your home has become a popular source of consumer credit. And lenders are offering these home equity credit lines in a variety of ways.
You will find most loans come with variable interest rates, some come with attractive low introductory rates, and a few come with […]
Loan Options — Which Loan is Right For Me?
Getting the right loan is one of the best ways to ensure your success in real estate. There are many loan options that can make your purchase a win win situation. The ideal end result from any transaction should be satisfactory to all parties involved.
Below is an explanation of just some of the different […]
