All Questions
Tagged with loans real-estate
45
questions
1
vote
2
answers
146
views
What are the disadvantages to borrowing money for energy conservation measures / solar panels?
I am contemplating putting solar panels on my roof, as there is a collective buying of solar panels in my neighborhood going on. Special loans are offered by local government for solar panels or ...
- 113
1
vote
1
answer
260
views
How does a variable interest rate loan work?
I took out a $100,000 loan on my house on a variable rate loan at 4.5% for 30 years. For example, see this calculator.
Assuming the interest rate stays the same, the final cost will be $145,000.
In ...
- 19
1
vote
1
answer
135
views
Value of a collateralized asset
I own a duplex and a business I am a part of wants to purchase more property. In order for the business I am involved in to get the loan needed I was given the option to put up my duplex as ...
- 11
1
vote
3
answers
538
views
What is a tranche?
I am studying Collateralized Mortgage Obligations (CMOs) - My understanding is that the product consists of mortgages which have real estate as collateral.
The mortgages are bundled in batches which ...
2
votes
1
answer
138
views
Real estate loans for repairs
I am very interested in purchasing a foreclosed home that is sold by Freddie Mac. The outside looks great, but the inside needs some work. Basically, the previous owners took everything including the ...
- 231
2
votes
1
answer
2k
views
Can I take a loan against propety in my children's name?
I am from Chennai, India. The house which we are living in Chennai used to be in my father's name. My father has four children and I am the last one, daughter and I am widowed and living with my ...
- 21
10
votes
2
answers
36k
views
Construction loan for new house replacing existing mortgaged house?
Let's say I buy a home with an ordinary thirty-year mortgage, intending to renovate the house slowly and live there a long time (ten years at least). Five years into the mortgage, however, I decide I ...
1
vote
1
answer
3k
views
How to calculate amortization table with pro-rated first month
From what I understand, banks prefer to have loan payments due on the 1st of the month. To that end, if you close on a property on, say, the 15th, they will charge you a pro-rated payment to get you ...
- 35
4
votes
3
answers
2k
views
Can future rental income be applied to present debt-to-income ratio when applying for second mortgage?
If someone wants to purchase a second home as a source of rental income (and potential investment), would (or could) a lender apply the estimated future income from rent on to the present debt-to-...
- 454
4
votes
3
answers
447
views
What costs should I consider when planning to maintain a vacant condo for a few years?
I have a job offer in a different city. I currently own a condo that I may return to but that would be really nice to have as a hub for returning to visit family as well as I have a family member who ...
- 143
17
votes
4
answers
149k
views
When can you use existing real estate as collateral to buy more?
My grandfather owned a dozen apartment buildings, and when I asked him when I was little how he got so many, he said he just bought one, and then used it for collateral to get the second, and so on.
...
- 2,585
2
votes
1
answer
5k
views
How can I get a loan secured with free and clear land?
I own a piece of vacant land free and clear. I have an immediate need for cash and would like to take out a loan secured by my property.
The land was last appraised at $980,000. I cannot pay a ...
- 21
1
vote
1
answer
288
views
Are "hard money loans" meant only for real estate?
I am interested to know whether Hard money loans are meant only for Real Estate or other fields too.
- 549
4
votes
3
answers
473
views
Homeowner's association funding a project in a condo: Bank wants an individual guarantor. What to do?
From time to time my HOA (homeowner's association) needs extra money for a project (eg painting fences, fixing roofs, plumbing repair, etc). They typically respond by raising the monthly HOA dues for ...
- 829
26
votes
7
answers
12k
views
Why do people use mortgages, when they could just pay for the house in full?
I would like your recommendation on whether you should buy a house with a mortgage, which you would pay as you go, or should you buy it in full.
Alex