Search Results for negamtag:searchlightcrusade.net,2024:/mt//feed/negam2024-04-26T08:57:19ZMovable Type 4.21-en36136Games Lenders Play, Part V - Selling a Low Paymenttag:gockel.hmdnsgroup.com,2006:/~searchli//3.24012023-01-24T15:00:00Z2023-01-24T19:30:02ZDan Melsonhttp://www.searchlightcrusade.net/
Hello, I've been reading your website for awhile now, and have found it very helpful as I'm learning to navigate this crazy loan process! I had a question I was wondering if you could write about/answer. We currently have...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2009://3.47322022-02-21T15:00:00Z2022-02-21T17:10:27ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200...
Full Circle: Back to More Traditional Lending Standardstag:www.searchlightcrusade.net,2009://3.47192021-12-21T15:00:00Z2021-12-21T18:14:13ZDan Melsonhttp://www.searchlightcrusade.net/
When things went south in the real estate market, I saw more changes in the lending industry in a few months than the previous five years. But those changes mostly restored us to the place we were a few years...
Efforts to Rehabilitate the Negative Amortization Loantag:www.searchlightcrusade.net,2009://3.47082021-11-01T14:00:00Z2021-11-01T16:24:42ZDan Melsonhttp://www.searchlightcrusade.net/
The negative amortization loan is a very popular loan with certain kinds of real estate agents and loan officers. It has two great virtues as far as they are concerned. First, it has a low payment, and despite the fact...
Refinancing Out of A Negative Amortization Loan (Or Any Other) Before The Penalty Expirestag:www.searchlightcrusade.net,2009://3.46762021-10-14T14:00:00Z2021-10-14T15:49:47ZDan Melsonhttp://www.searchlightcrusade.net/
HI, My name is DELETED and my husband and I are searching for a way to get out of our Negative ARM loan before we get upside down. Our problem right now is our loan to value. Our loan right...
Should Negative Amortization Loans Be Banned?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.29132021-10-04T14:00:00Z2021-10-04T13:08:56ZDan Melsonhttp://www.searchlightcrusade.net/
Having written several articles on Negative Amortization Loans, telling of the details of what is wrong with them, and even destroying the myth of Option ARM cash flow, I sometimes get asked if I would like to see them banned...
Option ARMs and Cash Flowtag:gockel.hmdnsgroup.com,2007:/~searchli//3.29112021-10-02T14:00:00Z2021-10-02T14:59:24ZDan Melsonhttp://www.searchlightcrusade.net/
One of the standard arguments I hear about Negative Amortization and Option ARM loans is that they "give the client the option to make a smaller payment if they need to." This so-called "Pick A Pay" benefit is a real...
Negative Amortization Loan Issues on Investment Propertytag:gockel.hmdnsgroup.com,2007:/~searchli//3.29092021-10-01T14:00:00Z2021-10-01T15:35:00ZDan Melsonhttp://www.searchlightcrusade.net/
Read your article on negative arm loans, and for the person who only owns a residence and most real estate investors it will not work. I own several properties, and the parcel to be refinanced is ocean front...so is...
Negative Amortization Loans - More Unfortunate Detailstag:gockel.hmdnsgroup.com,2007:/~searchli//3.29082021-09-30T14:00:00Z2021-09-30T13:49:43ZDan Melsonhttp://www.searchlightcrusade.net/
(This is a reprint originally from December 2005. I have reasons for reprinting it even though these loans are not currently available) My article on Option ARM and Pick a Pay - Negative Amortization Loans is one of my most...
Discovering You've Got A Bad Loan - Don't Panic!tag:www.searchlightcrusade.net,2009://3.46552021-09-28T14:00:00Z2021-09-28T12:16:03ZDan Melsonhttp://www.searchlightcrusade.net/
No, this isn't the Hitchhiker's Guide to the Galaxy But having written half a dozen articles roundly critical of the way in which these loans are generally sold, it's not unusual for me to get e-mail like this one: Hi,...
Option ARM and Pick a Pay - Negative Amortization Loanstag:gockel.hmdnsgroup.com,2007:/~searchli//3.29042021-09-27T14:00:00Z2021-09-27T13:30:25ZDan Melsonhttp://www.searchlightcrusade.net/
(This is a republish of one of the first articles I wrote back in early summer of 2005. Everything I wrote then still applies. I am grateful that lenders have for the most part, stopped offering these, as they were...
Cash Flow Versus Balance Sheet Accounting in Real Estatetag:www.searchlightcrusade.net,2008://3.44242021-05-21T14:00:00Z2021-05-21T13:11:55ZDan Melsonhttp://www.searchlightcrusade.net/
An email: Greetings, I've recently been pitched the idea of refinancing my home and investing in apartments, or more precise, a four-plex. The idea is to refinance and get a negative amortization loan on my house. With the money I...
Games Lenders Play (Part IV) - Lying About Loan Typetag:gockel.hmdnsgroup.com,2007:/~searchli//3.27332021-04-24T14:00:00Z2021-04-24T12:21:15ZDan Melsonhttp://www.searchlightcrusade.net/
I was approached by these folks a while ago via email. I attempted to get them to write up the experience themselves but I wanted to write something about this before I completely forgot about it. This whole exchange is...
Credit Reports: What They Are and How They Worktag:gockel.hmdnsgroup.com,2007:/~searchli//3.26462021-02-02T15:00:00Z2021-02-02T13:27:24ZDan Melsonhttp://www.searchlightcrusade.net/
I went to a "direct from the providers" seminar on credit reports and credit scores. Some of this information has changed from previous information, and some of it will change in the future. Credit Reporting, FICO scores, and related items...
Do Not Sign Loan Disclosures That Don't Apply To Your Loantag:www.searchlightcrusade.net,2008://3.39492020-10-20T14:00:00Z2020-10-20T13:58:43ZDan Melsonhttp://www.searchlightcrusade.net/
from an email: First let me say that I really learned a lot from your postings/articles/website; its awesome that a resource like yourself exists. Now to the problem. I recently refinanced and the mortgage broker lied to me about many,...
Practical Examples - Refinance or Prepayment Penalty?tag:www.searchlightcrusade.net,2007://3.35352009-05-21T14:00:00Z2009-05-21T13:58:34ZDan Melsonhttp://www.searchlightcrusade.net/
Hi Dan wondering if you could help me out I'm getting a lot of different answers from a lot of people and I'm really searching for help I bought my house brand new (three years ago) for 550,000, and...
Regulators Toughen Negative Amortization Loans?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.27862008-12-24T15:00:00Z2008-12-24T14:52:05ZDan Melsonhttp://www.searchlightcrusade.net/
(This was originally published December 13, 2005. I'm reprinting it because it shows how utterly predictable the housing meltdown was) Ken Harney has a column I found in the local rag yesterday. It seems that there is (finally!) concern amongst...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2007://3.35302007-10-09T14:00:00Z2022-07-25T14:27:14ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $300,000. A 1200...
Full Circle: Back to More Traditional Lending Standardstag:www.searchlightcrusade.net,2007://3.35382007-10-02T14:00:00Z2022-07-25T14:21:48ZDan Melsonhttp://www.searchlightcrusade.net/
I've seen more changes in the lending industry in the last six months than the previous five years. But those changes simply restored us to the place we were a few years ago. Loans are easy to get, rates are...
Trying to Rehabilitate the Negative Amortization Loan - NOT!tag:www.searchlightcrusade.net,2007://3.35202007-09-26T14:00:00Z2022-07-04T15:39:08ZDan Melsonhttp://www.searchlightcrusade.net/
The negative amortization loan is a very popular loan with certain kinds of real estate agents and loan officers. It has two great virtues as far as they are concerned. First, it has a low payment, and despite the fact...