Recent content by Unidin_foh

Most of these people will have insurance money to rebuild, so they"ll have to rebuild then deal with selling. With everyone rebuilding, the rebuild time may be longer than normal. Unless you want to get lucky and just buy a plot and build from scratch.

Rates are historically low as the government tries to stimulate borrowing for not just homeowners, but for everyone to get the economy going. Since your economy is doing much better, your lending rates are higher.

GDI Tyen

Most REOs now require you also get preapproved by the selling bank too. He may already have a preapproval, but needs another.

Or you know, you can produce shit that people actually like.

I see adds for this during Top Chef. Most Eligible Dallas - Season 1 - Bravo TV Official Site

cause you want a big ass house. Why buy a car when the police tell you how fast you can drive?

HELOCs are always variable rate. So even if it"s Prime + 3.00% which is what you get 3.25% right now, if (and when) prime goes up, it"s going to cut into your cash flow. That 3.25% is the lowest the rate is ever going to be.

If you have at least 3.5% equity in your home, you still could refinance without HARP and save some money. But yes you need a freddie/fannie loan to do the HARP program.

Three years in, I doubt you have any equity in your house so that"s out. You"re already at 30-40% DTI with your current debt. Getting a loan isn"t going to work for you and you didn"t list any savings you"re willing to put up. Unless you can find a really nice Family member to float you some...

You"d have to have at least a good chunk of equity. Remember this loan would be in 2nd position, so they"d only get the leftovers from the primary mortgage if the house went into foreclosure.

Rates are historically low right now. Even if prices drop another 5-10%, if the interest rate goes up 1-2%, your buying power will be the same.

Yeah! Stick it to Best Buy! errr...

Houses aren"t worth what they were two years ago. If you want to improve your house to make it more livable, go for it. If you"re doing it to increase the value it"s a waste of money.

How high LTV you could go really depends on the market and the bank. For instance, my bank in Las Vegas will only go to 60% LTV on a HELOC or HEL. Banks doing HELOC and HELs are in second position, so they have to be more careful to avoid losing all thier money in a forclosure. I think you"re...