NLIC.org

Johnny Said:

Self cert mortgage?

We Answered:

Get in touch with these guys:

http://www.freshmortgagesolutions.com

They got us the right mortgage in the middle of a complicated situation (I won't bore you...)

Hope that helps.

Lewis Said:

Does anyone know of an understanding nonconfirming home lone lender in Queensland?

We Answered:

Fill out the free evaluation form at

www.totaldebtsolutionsllc.com

and a loan officer will contact you Monday.

Ana Said:

Should I allow my home to foreclose?

We Answered:

If you bought the house before you got married and your husband isn't on the mortgage paperwork.... then his credit should be safe.
But since I don't want you to make major financial decisions on my advise I would suggest that you have a talk with your tax consultant.
It shouldn't cost you an arm and a leg but it is better to have your ducks in a row before you end up ruining your husbands credit.

As to the house that you want to foreclose on

Make sure that you don't "own" any other assets that could be liquidated to pay for the shortfall when the bank forecloses on your property and sells it for less than what you owe on it.

Yes, they could come after you for their "shortfall" and if your name
is on the house that you and your husband acquired together then that means that you have assets that they could put liens on.

This is why you need to get some real good financial advise before you turn the keys in to the bank and tell them to take back the house that you can't afford anymore.

There are ways to prevent that... but only a real good expert can get you prepared and keep your other assets save.

Dana Said:

How should a partner and I purchase 2 rental properties at different prices for our LLC?

We Answered:

Set up 2 separate single entity LLCs, one for each property and have both of you own 50% membership interest of each LLCs. This way, you can have two separate loans and you both will guarantee both loans. You buy the properties under LLC #1 and LLC # 2 under two separate contracts.

Also, it is easier in the event you want to sell one of the property down the road and not the other and you don't have to fool with quit-claim anything. Furthermore, in the event one investment turns sour, it does not affect the other one. You have to keep two sets of books though. My partners and I have many LLCs this way investing in office buildings.

Kenneth Said:

Need Help, Im paying 10% APR on my mortgage. What can I do?

We Answered:

Check you credit report for errors
Talk to independent mortgage brokers.
Talk to your local council housing department
Talk to owners of the block
negotiate a better deal
seek specialist legal advice re mis-selling of part buy part rent if not made clear rent portion would increase faster than real inflation & mortgage rates; unenforceable contracts for loans (up to 80% of pre 2007 loans)

Shirley Said:

i want to use my dad to co-sign a mortgage to reduce my interest payments?

We Answered:

i'm not sure that i completely followed your plan but here is my suggestion. since your dad is going to give you the £34000 anyway, why not just get the mortgage for £76000 which will pay off your dad's siblings and give you the refurbishment money. your dad was already prepared to cosign with your for a short period of time. so buy the property now and refinance it after you have it fixed up (and worth more). a refinance will be simpler because there is no split interest and the property will be in better condition and you can use the equity to your benefit.