Posts Tagged "cash"

Refinance Mortgage Rates (FHA, HARP, VA, Cash Out)

on Jun 4, 2014 in FHA Information | Comments Off on Refinance Mortgage Rates (FHA, HARP, VA, Cash Out)

Refinance Mortgage Rates (FHA, more about here HARP, store VA, Cash Out) In a cash-out refinance, the refinance mortgage may optionally feature a lower mortgage rate than the original home loan; or shorter loan term, such as moving from a 30-year mortgage to a 15-year mortgage. The defining characteristic of a cash-out … If you would like more informaiton please visit here… 30-Year Mortgage Rates Fall For 5th Straight Week, Reach 4.12% Mortgage rates will also be different for loans which are not "conventional"; that is, backed by Fannie Mae or Freddie Mac. This includes mortgage rates for FHA loans, for VA loans, and for USDA loans. Rates for these loan types are similarly low, however. If you would like more informaiton please visit here… Refinance Mortgage Rates (FHA, HARP, VA, Cash...

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What is the HAFA program for short sales and why is it called “Cash For Walkers”?

on Apr 10, 2013 in HARP Refinance | 1 comment

Question by careful grl: What is the HAFA program for short sales and why is it called “Cash For Walkers”? Is it true the government is actually paying people to walk away from their mortgage or do a short sale to get out of their home? Is it a good idea and will it work? Thanks! Best answer: Answer by My Take on ItThey are not paying individuals I believe they are paying the banks to shorten the process of short sales. What do you think? Answer below! What is the HAFA program for short sales and why is it called "Cash For...

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Q&A: How do I calculate a apartment building investment cash flow after taxes or before taxes?

on Mar 19, 2013 in Stated Income Loans | Comments Off on Q&A: How do I calculate a apartment building investment cash flow after taxes or before taxes?

Keeping It Real: Underwater mortgage holders may be able to refinance The Home Affordable Refinance Program was announced in March 2009. It was designed by the government to help 5 million underwater or equity-challenged borrowers nationally. In October 2011, visit this discount in an effort to help more borrowers, story the loan-to-value … If you would like more informaiton please visit here… Wall Street Breakfast: Must-Know News … says mortgage-bond trader Patrick Ahn. The Federal Housing Finance Agency will show in a report today how more borrowers, particularly those who are in negative equity, are taking advantage of the government's Home Affordable Refinance Program, … If you would like more informaiton please visit here… US mortgage refinance program on the up The US government effort to help struggling homeowners under the home affordability refinance program (HARP) nearly doubled in 2012 from 2011. Harp helps borrowers stuck in loans backed from Fannie and Freddie Mac and which are in negative equity. For more informaiton please visit here… Question by boss: How do I calculate a apartment building investment cash flow after taxes or before taxes? I am going to invest in a apartment building using a loan. Is it the noi-annual debt service-annual mortgage payments-the annual loan paybacks-income taxes? If this isn’t right, pharmacy then please provide the proper way of determining my actual annual profit after taxes or pre-tax. Best answer: Answer by fn0384You need to calculate the after-tax rental income first, remedy then after tax cash flow second. First after-tax income from the property. Income a) gross income from the rentals Expenses b) mortgage interest c) depreciation (assume 80% of the purchase price is depreciable building, thus annual depreciation is purchase price * 80% / 27.5 years or about 2.9% of the purchase price) d) real estate taxes e) rent loss due to vacancy, tenant f) management fee g) maintenance fee h) insurance Income – expense would give you roughtly taxable rental income from the property. Assuming the rental bldg generates a (paper) loss, you can apply it towards your personal ordinary income and use it to reduce your ordinary income. If you show a rental profit, then you would have to pay at your marginal tax rate. Cash Flow: Annual Rental income – annual mortgage payment -/+ tax liability or tax benefit from owning this property. Add your own answer in the comments! Q&A: How do I calculate a apartment building investment cash flow after taxes or before...

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Payday Loans No Credit Check Easily Acquire in Payday Cash Advance Loan UK

on Mar 2, 2013 in Stated Income Loans | Comments Off on Payday Loans No Credit Check Easily Acquire in Payday Cash Advance Loan UK

Payday Loans No Credit Check Easily Acquire in Payday Cash Advance Loan UK With the payday loans no credit check, buy information pills site it is considered easier than the standard loans since as the name implies, more about there is no credit check. Individuals are required to earn a monthly income, presently working, at least 18 years old and a resident of … For more informaiton please visit here… Babli verdict poses no problem: CM As per the revised tax structure in the Union budget, the state may get an additional income of `3,800 crore. The railway budget too is better than the previous ones. Crop loans: No government will be able to waive crop loans. There are around Rs 10 … More informaiton please visit here… TEXT-Fitch affirms University of St. Thomas, Texas revs at 'BBB-' MANAGEABLE DEBT BURDEN: UST regularly generates a sufficient level of net income from operations to cover annual debt service and has no plans for debt-financing in the near term. The manageability of UST's debt burden is contingent on the … For more informaiton please visit here… Payday Loans No Credit Check Easily Acquire in Payday Cash Advance Loan...

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Tax implications for cash purchase of second home for family member?

on Feb 26, 2013 in Stated Income Loans | 1 comment

Question by Penny76: Has anyone been able to get a Fannie Mae loan modification? My mortgage is current and always has been. I believe I meet all the requirements for a loan mod. I have applied through my credit union twice and have been turned down twice. Obama made it sound like everyone that met making home affordable requirements could get one! Do I need to skip a payment? I’m barely making it from paycheck to paycheck! Best answer: Answer by RebeccaThen you are over extending and need to sell and buy a home you CAN afford. The Credit Union surely gave you a reason for the denial for TWICE already. Don’t ruin your credit by skipping payments then finding out you still do NOT qualify. Know better? Leave your own answer in the comments! Question by Dave: Foreclosure Prevention Methods – Can the owner do a short sale on their own property? If some lenders are willing to take less from an outside investor, approved would they consider doing this directly from the owner? Possibly taking less for the home and refinancing it for the owner? We have not started foreclosure. In the last 6 months we have negotiated missing one payment and repaying another over 6 months. The mortgage has not been 1×30 as of recently, ask but was 1×30 about 6 months ago. Forgot to mention, visit yes we would like to keep the house and there is about 10-15% equity. Selling would not work, since hard prepay is very high, plus agent fees and other fess. Best answer: Answer by DJ BNo, they want what you promised to pay. They aren’t in the charitable business. If you default, it’s foreclosure. You could consider deed in lieu of foreclosure, but some companies aren’t accepting that. They want their money. Keep in mind as well, they could file a personal judgment lien or file a 1099 with the IRS for the balance if the property sells for less than the mortgage balance. If you need help call this number 888-995-HELP. It is a HUD approved counseling service that may be able to help you. Add your own answer in the comments! Question by gianinni: Best way (affordable) to purchase a home? My girlfriend and I are both 56 years young and neither of us have ever purchased a home…What is the best way for us to go? Our present landlord has offered to sell us the house and we are seriously thinking about it. I thought asking all you fine people for advice would be the best place to start…thank you. Best answer: Answer by alterfemegoI suggest you contact several local lenders to see what you qualify to purchase. Each lender will have different programs and you need to select the one that best suits your financial situation. You could write an offer on your own, treatment or have a Realtor help you. Or hire an attorney. Know better? Leave your own answer in the comments! Mortgage Rates: Italy's Election May Have Positive Results on Loan Rates Current FHA 30 year fixed mortgage interest rates are as low as 3.250%, pharm FHA 15 year fixed mortgage rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.250%. While FHA loans are especially popular with first time home buyers because … More informaiton please visit here… Raising FHA's Game However, like it or not, the FHA may have averted an even steeper decline in housing prices and higher mortgage rates had it not stepped in during the crisis when private capital evaporated...

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