(Westin seattle) Lenders are in the business of making mo….
March 7th, 2010
Lenders are in the business of making money and are more likely to offer favorable rates to those with good credit than they are to offer these rates to those with poor credit.
For those buyers who claim to have already been pre-qualified, take down the name of their lender and verify it before taking any further steps.
Many home owners and speculative real estate investors are using what some would call risky home mortgages, the interest-only and no-income verification loans.
Home equity lines of credit are relatively easy to get, have low rates, and their interest is deductible.
If you are serious about buying a foreclosed home, spending a few bucks a month for an accurate and useful list will provide the best results.
A good mortgage lender will not charge exorbitant fee.
A home equity line of credit is essentially a second mortgage and two mortgages means that you’ve essentially put up your house as collateral.
