I'm not aware of any 2nd lenders who are reducing the principal balance of loans as of yet, other than in short sales (where the lender(s) agree to let the home be sold f ... more
If you keep all other items on your credit paid on time, you will have less of a hit than if you are late on credit cards as w ... more
Naw.. you're not hopeless... you're just lacking some information...
If you haven't already, I'd hook up with a loan guy that is familiar with income property...
If ... more
E-mail me and I will send you a flowchart of options available to distressed homeowners.
I am a Loan Officer. If I can be of assistance, please let me know.
As for your orig ... more
Your rate will be a little higher because the broker needs to pay the closing cost from the yield spread the bank pays the ... more
Short answer is - no, one party can't take out an equity loan without the other's permission. If two family members own a house, both would have to approve the equity loan ... more