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Tag Archives: 2nd Mortgages
Wait A Second… Where’d My Collateral Go?
Loan modifications & short sales are seen as the go to ways to avoid foreclosure, aside from staying and paying an upside down mortgage or a mortgage you can’t afford. But since the housing crisis started, one of the biggest … Continue reading
Posted in Banking and Finance
Tagged 2nd Mortgages, Foreclosures, Short Sales, Underwater Borrowers
3 Comments
High-End Financing Just Got Easier
Getting financing on expensive properties just got a lot easier. Recently, Wells Fargo has raised it’s combined debt-to-income level on high-end loans to 80%. Well-qualified borrowers can buy a $1,200,000 home with $240,000 down, a $729,000 first loan and a … Continue reading