If you are an individual, the most common forms of collateral are real estate properties and
the available equity on any property that has already been used as collateral.
Loans based on equity are then secured loans that use
the available equity on the property to guarantee repayment of an amount of money lent to the proprietor.
Even if you already have a mortgage on your home,
the available equity on your property can be used to secure an additional loan with great terms: a home equity loan can provide you with significant amounts of money, a low interest rate and very flexible repayment programs.
Not exact matches
The cash - out option is
available on primary home (e.g., a home
equity loan) loans, investment
property loans or second home loans.
Home
equity loans and Home Equity Lines of Credit (HELOCs) are first or second deeds of trust available on residential pro
equity loans and Home
Equity Lines of Credit (HELOCs) are first or second deeds of trust available on residential pro
Equity Lines of Credit (HELOCs) are first or second deeds of trust
available on residential
property.
Home
Equity Loans are
available only
on property in Texas.
Home
equity lines of credit also come with higher credit lines, although these are dependent
on the
available equity in the
property.
The fact that there is
equity available on a
property provides tranquility to a lender even if the
property is not used as collateral because the lender knows that in the event of default, even though the mortgage lender has privileges over the
property, he can still collect from the remaining amount produced by the sell of the
property if the balance
on the secured loan does not exceed the value of the
property.
HELOCs are
available to homeowners with at least 20 per cent
equity and good qualifications (provable steady income, a reasonable debt ratio, a solid credit score, a marketable
property, and so
on).
You can borrow as little as $ 15,000 or up to $ 750,000 (up to $ 1 million for
properties in California), depending
on your credit history,
available equity in the
property and your current monthly debt.
• The balance of the existing mortgage
on the
property exceeds the
available funds from the reverse
equity mortgage.
In an era of rising unemployment income is not a barrier to reverse mortgages — such financing does not require monthly payments and the financing is based
on the value of the
property and
available equity.
The built - in add -
on option is identical in every other respect to the mortgage add -
on option, and still requires an up - to - date
property appraisal to determine how much
equity you have
available to borrow against.
Real Estate Agent • Take information from clients regarding their need for buying, selling, leasing and renting • Look through company database to determine if similar
properties are
available in needed categories • Compare prices and chart out the best possible solution for clients, based
on their individual needs • Appraise
properties using local comparison charts and discuss cost of maintenance and repair • Visit sites to determine suitability for clients and show
properties that are deemed suitable • Create effective and meaningful relationships with clients for further purchase and sale purposes • Provide clients with financial assistance solutions and ensure that appropriate background checks are carried out • Educate clients
on equity in their
property and refinancing options • List
properties for sale or purchase in local newspapers and respond to calls for information • Assist clients through the payment procedures and indulge in negotiations • Ascertain that all paperwork involved is in order and that any discrepancies are managed before a transaction is carried out
Financial Information that becomes public if any regional MLS database was accessed by unauthorized users: — easily calculated income of every REALTOR
on that MLS - address and contact info of every REALTOR
on that MLS -
Equity gain for every current homeowner
on that MLS - Mortgage info
on every active home seller
on that MLS - Selling date and moving date of every pending sale
on that MLS -2 nd and 3rd mortgages registered
on any active home
on that MLS - lease agreement terms and length for any home leased
on that MLS - Failed sales and subsequent transfer of ownership - Ownership details and transfers for any home that was found
on that MLS - Capital Gains
on any home sold
on that MLS - Current CMV for any home sold
on that MLS - Accurate Details to individually assess a home for
property taxes
on that MLS - Complete details
available to every bank for any home and owner associated with that MLS database
For reverse mortgages that are subject to the Rule, a loan originator's compensation may be based
on either (a) the maximum proceeds
available to the consumer under the loan; or (b) the maximum claim amount (if the mortgage is an FHA - insured Home
Equity Conversion Mortgage subject to 24 C.F.R. part 206), or the appraised value of the
property, as determined by the appraisal used in underwriting the loan (if the mortgage is not subject to 24 C.F.R. part 206).
Typically most lenders only offer recourse financing, as they are taking a risk
on the borrower, but Growth
Equity Group has non-recourse financing in place for all its
available properties.
See all
available properties and calculate how much
equity you expect to gain
on your future home or investment.
Get FREE new listing alert and full analysis report
on the situation of your favorite areas, find out what
property types and in which neighborhoods you can make the smartest real estate investment, calculate how much
equity you can expect to gain
on your future home and see the latest
available properties.
Blanket loans evaluate
available equity on multiple
properties which extends the risk
on the loan but this risk is addressed with a proper appraisal.