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Read e-book online 106 Mortgage Secrets All Borrowers Must Learn - But Lenders PDF

By Gary W. Eldred

ISBN-10: 0470152869

ISBN-13: 9780470152867

ISBN-10: 0470191511

ISBN-13: 9780470191514

Do you want to find all the many ways so that you can finance genuine property? are looking to tips on how to minimize your financing expenditures, stay away from pitfalls, and negotiate the simplest phrases? Then permit Gary Eldred's 106 loan secrets and techniques All debtors needs to Learn—But creditors do not inform, moment version consultant you. totally up-to-date, this sensible consultant explains how latest altering loan industry particularly works. in contrast to different personal loan courses, this e-book is going past conventional bank-originated loans and indicates you the way to profit with vendor financing, assumables, subject-to, wraparounds, rent concepts, foreclosure, and different money-saving probabilities.

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Extra resources for 106 Mortgage Secrets All Borrowers Must Learn - But Lenders Do not Tell

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Equity Build-Up with Appreciation True, 30-year (or 40-year) terms help you qualify for higher priced properties than 15-year loans. 3 Equity Buildup Due to Mortgage Paydown of $151,000: 15-Year vs. 30-Year (no assumed appreciation) 15-Year Term (Balance) Original loan Total paydown @ 5 years Total paydown @ 10 years Total paydown @ 15 years $151,000 35,502 65,578 151,000 (151,000) (114,498) (85,422) (−0−) 30-Year Term (Balance) $200,000 12,799 30,466 54,898 (200,000) (187,201) (169,534) (145,102) Both loans require a payment of $1,264 per month.

Do you want to structure the best way to finance your acquisitions? Would you like to seriously improve your net worth? Would you like to live free of destructive debt? Would you like to achieve financial independence? Yes. Then start now. It’s your movie. It’s your move. 3 For more on this technique, see Gary W. Eldred, Investing in Real Estate, 5th ed. (John Wiley & Sons, 2006) and Make Money with Fixer-Uppers and Renovations (John Wiley & Sons, 2003, 2008). 16 JWPR045-02 JWPR045-Eldred September 4, 2007 13:32 Char Count= 0 CHAPTER 2 Increase Your Borrowing Power kay, you realize that, to a much larger degree than most people believe, your borrowing power and your buying power depend on the knowledge you gain and the decisions you make.

The rental income provided the money for my mortgage payments. . My triplex wasn’t my dream house . . [but] few of us can afford to buy our dream home when we start out. ” (As mentioned earlier, I got my start in real estate with a multi-unit property/home. ) How to Finance a Two- to Four-Family (or Larger) Home Every property financing technique you will learn throughout Mortgage Secrets is available for two- to four-family, owner-occupied properties. You can finance these multi-unit properties through FHA, VA, conventional (Fannie/Freddie), portfolio lenders, or seller-assisted financing.

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106 Mortgage Secrets All Borrowers Must Learn - But Lenders Do not Tell by Gary W. Eldred

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