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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

What Mortgage Market Niche Are You In?
October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more...

home buying property real estate agent bridge loan related definitions

Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

More about home buying property real estate agent bridge loan

Buying Outer Banks (OBX) Investment Property
So, youre thinking of purchasing a rental property at the beach. Historically, real estate investments have proven to be a wise investment strategy. The name of the game has always been maximizing cash flow. Years ago, one could realize a healthy rate of return based on cash flow generated from ... more...

Home Buyers Your Price, Not the Listing Price
Here is your opportunity:The media by blowing out of proportion minor interest rate increases has given home sellers concern about the market slow downs, and possibly being stuck with the house. You may be able to get a discount on a home if look closely and are ready to buy quickly.Start today by ... more...

What is a Bridge Loan?
A bridge loan, which can also be called a hard money loan, is a short-term loan that is used until a person or company can secure permanent financing. Basically, they "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or ... more...

Buying Your First Home
Buying your first home can be exciting but there is a lot to know. Buying a home will depend on real estate laws and customs where you are located but there are basic steps that every first homebuyer needs to accomplish.Step 1- Your FinancesEstablishing credit is very important especially when you ... more...

Women Bodybuilding For Beginners
With the current craze of the Atkins diet women are finding success fitting into clothes that they couldnt fit into for a while. Without a doubt the Atkins diet works. Unfortunately the diet doesnt help muscle tone or the cardiovascular system. Now with the fat that was covering the underlying ... more...

A Guide to Finding the Cheapest Home Improvement Loan
To find the cheapest home improvement loan that you can, you need to realize that there are a lot of factors that can affect the amount that you pay.The equity that you have in your home or real estate is a major piece, but other factors that are considered are your credit history, national and ... more...

Check The Appraisal Carefully To Avoid Being A Fraud Victim
There is a type of investor fraud in which an unsuspecting Real Estate investor believes he is buying a property worth a certain amount, when in reality the property is worth much less. This places the investor in a hopelessly upside down situation, owing more money than the property will ever be ... more...

How I made $122,000 and lost $132,000 - A lesson in Assets vs Liabilities
This is a true story from my own experience that illustrates how buying assets for wealth creation works.Just over 3 years ago I found myself with $75,000 to spend or invest. My wife and I needed a new car as the old one was 8 years old and not as reliable as it used to be, so we spent $40,000 on ... more...

Save Thousands at Auto Auctions - Without Marrying a Car Dealer!
The Common Misconception: Auto auctions are only open to car dealers.The Surprising Truth: Anyone with the right resources can participate in the same auctions as the dealers!Think about it. How much could you save if you bypassed the dealers and purchased directly from their sources? 30%, 50%, ... more...

Benefits of a Remortgage
There are many benefits in choosing a remortgage, some of which are listed below.A remortgage is changing your mortgage without moving your home.Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money.A ... more...

Life Insurance: Why There's No Need to be a Desperate Housewife
Life insurance looks set to make a comeback in the UK, after a period of neglect by consumers who were simply occupied with affording a home. The stabilising of the UK house market has made many consumers take a broader view to their personal finances.LifeSearch (a life insurance broker), in the ... more...

Do You Need A Financial Planner?
No matter how much money you make, it pays to keep on top of money coming in and going out. Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense.Almost every major life event - finding or losing a job, getting married or ... more...


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