Sentences with phrase «1st lien»

Example: I just bought a 1st lien in SC for 13,500; it had an UPB of 26,000 and the house value is 50,000.

Terrence — in that case you would most likely be giving your private lender a 2nd lien on the property and your bank would get the 1st lien.

- Some banks and credit unions combined a 1st lien 30 yr fixed rate loan or ARM with an embedded HELOC.

I've read that the 1st lien are «safer» for you and the lender but can you achieve the same results w / o being in the 1st position?

@Renee Bridwell perhaps you could post the name of some lending institutions that offer 1st lien HELOCs on any type of property.

If I do the exact same thing with a $ 100K HELOC in 1st lien position for the same house, the same monthly expenses, and instead of 5 % interest rate I assume 6 % interest rate, I will be done paying in 7 years.

Even if you replace your 30 year mortgage with a 1st lien HELOC, it doesn't matter, you still have to pay interest and principal until you pay the principal off.

I have personally been researching this method for months and have called more than 20 different banks to learn more... I've even developed up a checklist that I'll share if anyone want's it / and will add to it... I guess I'll just keep researching because although I'd like to take the step I can't see myself refinancing into a 1st Lien w / o knowing exactly how to execute for success.

The secret of the good ole days was having the 1st lien double as the HELOC.

There are 1st lien HELOCs still available, as well as 2nd lien HELOCs.

It can not be piggybacked with a lenders own 1st lien similar to how CHDAP could be structured.

This 3.5 % assistance satisfies the 1st lien's minimum down payment requirement.

Unfortunately, the MyHome Assistance Program can ONLY be combined with a CalHFA 1st lien program.

After a period of time the 1st lien holder orders an appraisal to verify market value and after doing their due diligence determines that $ 290,000 is well within the acceptable limits of market value.

The buyer's agent and myself were going to pay it out of our commission but the 1st lien holder refuses to allow it on the HUD.

1st lien approved.

We have qualified 7 NonPerforming 1st Lien Notes that are on nice properties that need little, if any -LSB-...]

This is a 1st lien Non-Performing Note that we picked up with our Joint Venture Partner since he was familiar with the city.

We offer borrowers speed and certainty of execution: loans $ 1M - $ 15M, commercial real estate, 1st lien, LTV not to exceed 75 %, clear exit, nationwide, owner occupied & investment real estate.

If you don't mind tying up cash for longer (~ 9 to 24 months) any of the older more - established top - name Real - Estate Crowdfunding Debt Lenders (1st Lien Debt, not Equity) providers have worked well for me earning very high yields (~ 9 - 11 %).

In today's market, I would invest $ 150k in non-performing 1st lien mortgage notes in the MidWest.

I saw another bank that will do it as well - provided they're in 1st lien position.

The 2nd lien holder will be able to foreclose on the property if they make loan payments to the 1st lien holder on behalf of the borrower in order to keep the 1st loan current.

On 1st lien loans, rate locks are not permitted in Alaska, Colorado, Connecticut, Nebraska, and Virginia.

Interest Rate Locks are not allowed on the following lien / loan types in the noted states: On 1st lien loans, interest rate locks are not permitted in Alaska, Colorado, Connecticut, Nebraska, and Virginia.

Our mission is to provide homeowners with an alternative to refinancing their 1st lien by means of low rate 2nd loan financing.

Typically when you apply with lenders, many will try and talk you into refinancing the 2nd loan at the same time you redo the 1st lien, otherwise you will have to get the second mortgage company to agree to complete a subordination agreement.

Therefore, if a person defaults on their mortgage and home equity loans, the lender listed in the 1st lien position on the mortgage would get paid the balance, and whatever dollar amount is leftover would go to the home equity lender.

And why buy 2nd mortgages if there is a 1st mortgage or can you negotiate with the 1st lien holder to accept a discount?

A 1st lien loan is a quick way to get cash using your car as collateral.

After a period of time the 1st lien holder orders an appraisal to verify market value and after doing their due diligence determines that $ 290,000 is well within the acceptable limits of market value.

1st lien approved.

There are tax advantages to the lender that far outweigh the offer of $ 5000 that they received from the 1st lien holder.

The buyer's agent and myself were going to pay it out of our commission but the 1st lien holder refuses to allow it on the HUD.

Home Equity Loans with greater than a 20 year term are limited to a 1st lien position only.

On Home Equity Loans, rate assumes 1st lien position.

Besides their 1st Lien Loan, they offer a small assortment of personal and signature loans.

Through the 1st Lien Loan, you can borrow up to $ 2500 according to Florida state law, and will need a lien and loan free vehicle, legal ID, proof of residence and proof of income.

This scenario rate is 4.500 % (6.261 % APR) JUMBO loan of $ 956K on a $ 1,195 K purchase at 80 % Loan - To - Value in 1st Lien for 360 month term and 704 middle credit score.

This scenario rate is 4.250 % (4.470 % APR) conventional loan of $ 135,920 on a $ 169,900 purchase at 80 % Loan - To - Value in 1st Lien for 360 month term and 679 middle credit score.

This scenario rate is 3.990 % (4.033 % APR) conventional loan of $ 417K on a $ 626K purchase at 66.61 Loan - To - Value in 1st Lien for 360 month term and 704 middle credit score.

This scenario rate is 3.750 % (3.958 % APR) VA loan of $ 285,000 on a house of $ 285,000 refinanced at 100 % Loan - To - Value in 1st Lien for 360 month term and 765 middle credit score.

This scenario rate is 4.375 % (4.654 % APR) VA loan of $ 155,000 on a $ 155,000 purchase at 100 % Loan - To - Value in 1st Lien for 360 month term and 635 middle credit score.

This scenario rate is 3.990 % (4.862 % APR) USDA loan of $ 180,740 on a $ 180,740 purchase at 100 % Loan - To - Value in 1st Lien for 360 month term and 686 middle credit score.

Not exact matches

WHY WAIT??? Your Job is your Credit, 1st Time Buyer, Bad Credit, No Credit, Repos, Tax Lien, Bankruptcy, == > No Problem!

Your Job is your Credit, 1st Time Buyer, Bad Credit, No Credit, Repos, Tax Lien, Bankruptcy, == > No Problem!

According to FICO, if a lien or judgment does not match three of their four criteria (name, address, social security number, and birthdate), it will no longer appear on your credit report as of July 1st.

Once HECM purchase is complete, no additional liens are permitted (Lender in 1st position, HUD in silent 2nd)

A buyer comes along and makes an offer for $ 290,000 which is accepted by the seller and sent to the 1st and 2nd lien holders.

However, you are still responsible to pay those senior to you in this case the 1st and 2nd lien holders.