Ryan Hoffman at Wholesale Capital Corporation
26 October, 2011
Call Ryan Hoffman at Wholesale Capital to get qualified for your new home loan.
New Home, Refinance, or Invest!
951-488-3114
RHoffman@wccloans.com
Duration : 0:0:35
Mortgage Line of Credit – What is Possible and What is Not
26 October, 2011
http://mortgagelocator.ca/
Many buyers ask me for a line of credit as part of their mortgage package, but they only put 5% down. This video explains whether or not this is possible, and under what circumstances it can be considered.
Hey everybody, Rowan Smith with The Mortgage Centre. I want to talk today about lines of credit. More specifically, mortgage lines of credit. A lot of times people will come to me and they’ll want to get a line of credit, along with their financing for their purchase, for renovations and whatnot.
Now, generally, if it’s going to be a mortgage, you’re going to have to have 20% down payment or 20% equity in the property before you can start getting a line of credit. Because CMHC, who governs less than 20 percent down purchases, doesn’t not allow an interest only product at this time; they do, but no lenders really support it.
So you’ve got to have 20 percent down if you want to start getting the ability to have a line of credit. Now what I mean by that is if you have 20% down and you pay it down so that you now have 30% equity in the property, you could borrow that 30% to 20%, that 10%, you could get that in the form of a line of credit assuming that your income and credit qualify for it.
So, if you’ve just bought something with five percent down and want renovation funds, a line credit with the mortgage is not part of the option. What you can do is get an unsecured line of credit through your financial institution you bank with. They can supply that to you, you can use that. Now you will not get mortgage rates on that line of credit, but it’s really the only option.
Alternatively, there’s a Purchase Plus Improvements Program if you want money for renovations. I’ve covered it in detail in the prior blogs, please do a search and you can watch it. It’s a good three or four minutes and it explains how the Purchase Plus Improvements Program works, or Refinance Plus Improvements.
If you’re applying for a line of credit increase – maybe you already own your property, you’ve got a substantial equity position at home and you simply want to increase that line of credit, come and talk to me. There’s many institutions which we can stick a line of credit behind any other mortgage.
So if you’ve a RB Royal Bank first mortgage, we can stick a line of credit behind that and get you mortgage rates on that line of credit. You don’t have to go to your bank if that’s the case. It’s only the unsecured lines of credit which you need to speak with your bank about.
If you’d like any clarification on this or need a line of credit, please give me a call. It’s Rowan Smith from The Mortgage Centre.
Duration : 0:2:8
What is private mortgage insurance and how does it work – Colorado Springs Real Estate
13 October, 2011
Learn what private mortgage insurance is and why you have to have it. Watch this short video to learn more.
Presented by Craig Turner and Chris Courtland with First Priority Financial – The mortgage loan experts you refer your friends to.
Duration : 0:4:37
The Best Home Loan
11 October, 2011
VISIT FOR MORE http://the-home-mortgage.blogspot.com
Tips Home Mortgage, Home Mortgage, Home Mortgage Benefits,The Best Home Loan, Refinance Home Mortgage, Refinance Second Mortgage, Home Equity Loan, The Best Home Mortgage , Mortgage Rate, Bad Credit Loan
Duration : 0:9:58
Mortgage Rates Hit Record Low
04 October, 2011
Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.
Duration : 0:2:16
Southeast Mortgage Alpharetta GA Office – TBWS
30 September, 2011
Frank Garay and Brian Stevens discuss the opening of Southeast Mortgage’s newest office in Alpharetta near GA400 and Haynes Bridge. 770-279-0222. Opens October 24, 2011.
Duration : 0:1:8
The Early Show – Now is the time to buy a home
17 September, 2011
With interest rates at an all-time low, CBS News Business and Economics Correspondent Rebecca Jarvis talks to Erica Hill and Chris Wragge about what viewers can do to get the best deals available on mortgages.
Duration : 0:2:50
The Early Show – Is refinancing into shorter mortgage right for you?
20 August, 2011
Many homeowners are trading 30-year mortgages for shorter terms with lower rates. Personal finance expert Carmen Wong Ulrich talks to Erica Hill and Chris Wragge and has advice for those considering refinancing.
Duration : 0:3:38
Who cares about getting the best mortgage rate?
18 August, 2011
Mortgage Rate, Best Mortgage Rate, Cheapest Mortgage Rate, Revelstoke, Canada, RMR, Okangan, Kootney, Shuswap, Salmon Arm, Mortgages, Interest Rate, Save Money
Duration : 0:2:17
Debt Downgrade and Mortgage Interest Rates | Real Estate Outlook
13 August, 2011
http://www.amerifirst.com
The S&P credit downgrade of America is more political than financial. Warren Buffett says so, President Obama agrees, and so does Mark Jones of AmeriFirst Home Mortgage. Watch Mortgage Minute TV for insight into the credit downgrade news, and real estate news like median home prices in Michigan.
Download the free eBook “The Get Mortgage Ready Kit” here: http://blog.amerifirst.com/download-your-free-get-mortgage-ready-kit/
Duration : 0:6:46