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Tag Archives: Loan Officer
SmartFit Loan from Wells Fargo Bad Loans?
Jose S asked: The situation We bought a condo in 2005 at the height of the housing boom for $308,000. Our loan was financed by Wells Fargo, and the type of loan that we qualified for consisted of an 80%/20%, … Continue reading
Posted in Renting & Real Estate
Tagged Bad Loans, Cal, Decline, Duh, Economy, Equity Accounts, Home Equity, Housing Boom, Loan Accounts, Loan Officer, Mortgage Loan, Proactive, Unemployment, Variable Rates, Wells Fargo
1 Comment
What Are the Home Equity Loan Rules in Texas?
Jon Spears asked: The state of Texas has some pretty interesting refinance rules. This is especially true when one wants to pull cash or equity out of their home.There are two types of mortgage refinances. The first type is called … Continue reading
I own my own land free and clear, I was told to cash out the equity to help buy a mfd home, how does it work?
awcr04 asked: I do not have a mortgage, the loan officer told us to cash out to reduce the amount of the loan for the mfd home. How does cashing out equity on land or even homes that are owned … Continue reading