Posted on: 02nd Feb, 2012 06:13 am
The real estate business can give you unique benefits like price appreciation. In the short term, the market may go up or down, but over the long term, you will have a safe investment because holding on to your property will almost guarantee an increase in value. Having a large portfolio of properties is a key secret to building massive wealth.You will find out that there is huge profit in dealing with undervalued foreclosure property and the statistics now show that out of every one hundred mortgage loans, at least two are under foreclosure. And this shows great increase compared to last year and there are indications that it will be steadily on the rise.
the question to you is that how can i arrange easy mortgage loan if i want to expand my investment portfolio in distress. what tactics i should use for expansion?
the question to you is that how can i arrange easy mortgage loan if i want to expand my investment portfolio in distress. what tactics i should use for expansion?
Hi alvinajohn,
You need to have excellent credit scores and good income along with stable employment in order to qualify for mortgages. But it is also a fact that you can't take endless mortgage in your name. There are limitations as to how many mortgages you will be able to qualify for.
Thanks
You need to have excellent credit scores and good income along with stable employment in order to qualify for mortgages. But it is also a fact that you can't take endless mortgage in your name. There are limitations as to how many mortgages you will be able to qualify for.
Thanks
Some states allow lenders to reclaim property by simply declaring the borrower has defaulted, a process known as strict foreclosure. Most states, though, require lenders to file a foreclosure suit and obtain a judgment before seizing and auctioning off a borrower's property. Proceeds from a foreclosure sale are applied first to pay off the mortgage debt and foreclosure expenses, with the remainder, if any, going to the borrower.
:idea:
:idea:
my credit report is good.previously i have taken 3 loan, out of which 2 are cleared now.i am generating cash flow by giving them out on rent. but currently i am jobless. i have no other mean except rent. i can qualify for more loan in the same area but now i want to move to alberta. canada is very strict in its rules and regulation. i find some nice deal in alberta but the mortgage company denied me of giving loan in alberta, they require at least previous owner occupancy record in alberta to qualify for more loan/mortgage. is their any way out?
Hi alvinajohn,
If you're jobless, then it will be quite difficult for you to qualify for any kind of loan. None of the lenders will be ready to offer you a loan in such a situation.
Thanks
If you're jobless, then it will be quite difficult for you to qualify for any kind of loan. None of the lenders will be ready to offer you a loan in such a situation.
Thanks
You can find out more about paying off your home loan sooner in our section called :idea:
It's rather tiresome to see that a discussion in "Property Appraisal" consists of boilerplate language gleaned from other discussions, and that it contains little (if any) value to any person who might desire to learn something about the appraisal process as it relates to home ownership.
It's distressing, honestly. Let's all try to eliminate these spammers from the site!
It's distressing, honestly. Let's all try to eliminate these spammers from the site!
