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 a mortgage and a secondary line of credit on our condo (we didn’t have a down …
Author Archives: admin
Bridge Loans
One of the things I’m seeing a lot of these days is blanket advice on bridge loans. A bridge loan is a loan that you take out with the explicit intention of having it be short term. The most common situation is a loan against property A, which you own but plan to sell, so …
Smoker’s Vs. Non-Smoker’s Rights
Digger’s Realm trackbacked to my article on California declaring secondhand smoke a pollutant, angry at the “violation” or “smoker’s rights” and saying “Searchlight Crusade who thinks smokers should be taken out and shot.” No Digger, I don’t want you shot, and that’s not what I said. Read the article. I want you to grow up. …
Should I Buy A Home? Part 3: Consequences
Continued from Part 1: Preparation and Part 2: Process This is about the long term consequences of the decision to buy or not to buy a home, and economic benefits analysis into whether you should want to buy. In order to answer the question of whether it’s better to buy or rent and invest the …
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Should I Buy A Home? Part 2: Process
Continued from Part 1: Preparation I am considering buying a home, although I have not made up my mind on the subject. This is not due to indecision, but rather due to a lack of necessary information. There are many factors to be considered in my case, and in order for me to make an …
Should I Buy A Home? Part 1: Preparation
I am considering buying a home, although I have not made up my mind on the subject. This is not due to indecision, but rather due to a lack of necessary information. There are many factors to be considered in my case, and in order for me to make an informed decision about buying, I …
Reserves
Thanks again for the terrific posts. I’ve learned more about mortgages in the past two months than I ever dreamed I might. I am looking to buy my first home soon, and have myself in a good credit position to do so. My credit score is over 800 and I have no back-end debt – …
First in Series Sale
Now through Christmas, the first in each of my five fiction series is on sale for 99 cents in e-book! A duel in the shadows as echoes of an ancient war wash up onto a new planet! Life in the Empire has finally settled down. The last of the ston rebels have taken amnesty, and …
Problems with Multiple Mortgages
“We have several rental properties that we own (more than 10). When we were younger, before we got married, we both moved around a lot and bought houses, moved, stayed a year or so and did it again. I of course don’t have to mention why we did this (no money down, low fixed rates, …
Negative Amortization Loan Issues on Investment Property
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 going up in value more than the negative arm would be when refinanced after prepay penalty …
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