Tdtele Mortgage and Loan » investment http://www.tdtele.com Sun, 11 Sep 2011 20:57:48 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Loans for investment condo: Can I use the income expected to qualify http://www.tdtele.com/2010/12/loans-for-investment-condo-can-i-use-the-income-expected-to-qualify/ http://www.tdtele.com/2010/12/loans-for-investment-condo-can-i-use-the-income-expected-to-qualify/#comments Sat, 25 Dec 2010 01:53:05 +0000 admin http://www.tdtele.com/2010/12/loans-for-investment-condo-can-i-use-the-income-expected-to-qualify/ I am looking to buy an investment flat in Chicago. At present most of my income is tied to my house today, and I would not be able to qualify 45% debt to income without using the projected income for the apartment. I have now reached about 6 different banks, but they all require two years experience as an owner to use the revenue expected to help qualify for when buying an investment opportunity.

now anyone know of a particular bank that allows the use projected income inexperienced owners? Put 25% down is no problem.


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I got a check from my insurance company for damages from the hurricane. My mortgage company will not approve the invoice until the job is done. I need money to do the job. How can I get mortgage company to approve the check?
One family I was out of a house in his will. If a mortgage (mortgage) in the house when I die, take over the mortgage? I intend to sell the house after leaving me.

]]> http://www.tdtele.com/2010/12/loans-for-investment-condo-can-i-use-the-income-expected-to-qualify/feed/ 6 Looking for a lender that will do 55% DTI on an investment condo http://www.tdtele.com/2010/12/looking-for-a-lender-that-will-do-55-dti-on-an-investment-condo/ http://www.tdtele.com/2010/12/looking-for-a-lender-that-will-do-55-dti-on-an-investment-condo/#comments Sat, 25 Dec 2010 01:47:34 +0000 admin http://www.tdtele.com/2010/12/looking-for-a-lender-that-will-do-55-dti-on-an-investment-condo/ I need a lender that will do a 55% DTI on an investment condo in IL, or allow use of active leases on owner occupied 3-Unit home.

 

Unfortunately all the lenders I’ve contacted won’t allow me to use the current leases on my owner occupied 3 flat since I haven’t had 2yrs rental experience.

Mortgage
by homesbythomas

My friend was selling his house and couldn’t make the mortgage payments while the house was on the market. He said the real estate agent/company would pay his mortgage while it was up for sale. Then when the house sold, they deducted it from the price of the sale. How is this done?
Also, if you don’t make any mortgage payments while the house is on the market can it go into foreclosure?

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List Price: $ 18.95 Price: $ 2.46

]]> http://www.tdtele.com/2010/12/looking-for-a-lender-that-will-do-55-dti-on-an-investment-condo/feed/ 11 capital gains on selling investment properties http://www.tdtele.com/2010/12/capital-gains-on-selling-investment-properties/ http://www.tdtele.com/2010/12/capital-gains-on-selling-investment-properties/#comments Sat, 25 Dec 2010 01:05:16 +0000 admin http://www.tdtele.com/2010/12/capital-gains-on-selling-investment-properties/ do you have to keep an investment property 6 months before selling to avoid capital gains on the profit?

Selling Home
by joanna8555

We are selling our $ 300,000 Pennsylvania home and are looking into how much it would cost us. When is money due to a realtor? Are there other costs affiliated with selling home? Is it possible to take out loans to pay off a realtor?

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I am considering getting in the insurance field but would like to know a little more before going through licensing. I am trying to establish long term residual income and was told by selling home insurance @ 30years a pop given my clients stay with me I could achieve this. I am bilingual and can generate leads and understand some agents can even work from home part time. Can someone please explain a common pay scale on say a $ 100,000 home policy that goes for the full 30 year term. Thanks

]]> http://www.tdtele.com/2010/12/capital-gains-on-selling-investment-properties/feed/ 9 Getting a mortgage on investment properties http://www.tdtele.com/2008/01/getting-a-mortgage-on-investment-properties/ http://www.tdtele.com/2008/01/getting-a-mortgage-on-investment-properties/#comments Tue, 22 Jan 2008 04:22:47 +0000 admin http://www.tdtele.com/2008/01/getting-a-mortgage-on-investment-properties/ Hi my situation is this, my husband and I both retired, I’m 55 he is 60 years old.  For the past 20 years we could show an income of around 100,000 .   We have 401k and annuities until we can collect social security at 62.  I receive a pension of 560.00 per month.  our assets are above  $ 300,000.  I was told we could not qualify for a mortgage because we have no income.  Is that right? I have a few blemishes on my credit, we put 3 kids through college. We are small time investors paying cash for our investment properties.  is there any way to get financing for investment properties? Even with 50% down? Thanks

Mortgage
by Rev Dan Catt

Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $ 200,000, that comes out to a scary $ 14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $ 280 billion. It could obviously be much higher.

Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.

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Mortgage

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Cover shot for the "illustrated guide to the mortgage crisis"

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