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Alternative to Hard Money Loans (by: nancy.mortgage)

Alternative to Hard Money Loans (by: nancy.mortgage)

This is a discussion on Alternative to Hard Money Loans (by: nancy.mortgage) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; ... (Limited to $20K if in Foreclosure No-Doc, SISA to 60.0% LTV, 65.0% LTV DTI to 55.0% Close in 14 ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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08-16-2008, 12:20 AM

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Alternative to Hard Money Loans (by: nancy.mortgage)

... (Limited to $20K if in Foreclosure No-Doc, SISA to 60.0% LTV, 65.0% LTV DTI to 55.0% Close in 14 Days or Less 48 to 72 hour approval subject to verification equity and ownership. - Last Post by: nancy.mortgage on 08/15/2008 @ 3:59 PM.

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