Comments on: Will Lower Interest Rates Alter Your Mortgage Plans? http://www.fhaloanpros.com/2008/12/will-lower-interest-rates-alter-your-mortgage-plans/ The Unofficial Guide to FHA Loans & Mortgages Sat, 21 Nov 2009 08:29:52 +0000 http://wordpress.org/?v=2.6 By: c tynes http://www.fhaloanpros.com/2008/12/will-lower-interest-rates-alter-your-mortgage-plans/#comment-34717 c tynes Thu, 01 Jan 2009 19:19:42 +0000 http://www.fhaloanpros.com/?p=812#comment-34717 what help is available? what help is available?

]]> By: c ice http://www.fhaloanpros.com/2008/12/will-lower-interest-rates-alter-your-mortgage-plans/#comment-34715 c ice Thu, 01 Jan 2009 19:17:06 +0000 http://www.fhaloanpros.com/?p=812#comment-34715 i have over 1.2 M in equity in 2 homes leased and paying all debt service and another home mortgaged with about 20% equity still remaining after the housing slump. I pay all obligations on time and Still I cannot get a loan of less than 50 value on a 4plex of rental units that is free and clear and fully leased - with income DOUBLE the amount of the payment on the loan I am requesting !! I am trying to do this loan to pay off unsecured debt (credit cards) that have raised interest rates to 29%! I have income - which the lender says does not "qualify" under the NEW RULES. Is my own country going to force me into a bankrucptcy situation when I can no longer pay the Increased 29% interest? AND I have well over $1.2 million in CURRENT VALUATION EQUITY in fully leased and paying assets? This is INSANE! i have over 1.2 M in equity in 2 homes leased and paying all debt service and another home mortgaged with about 20% equity still remaining after the housing slump. I pay all obligations on time and Still I cannot get a loan of less than 50 value on a 4plex of rental units that is free and clear and fully leased - with income DOUBLE the amount of the payment on the loan I am requesting !!

I am trying to do this loan to pay off unsecured debt (credit cards) that have raised interest rates to 29%! I have income - which the lender says does not “qualify” under the NEW RULES. Is my own country going to force me into a bankrucptcy situation when I can no longer pay the Increased 29% interest? AND I have well over $1.2 million in CURRENT VALUATION EQUITY in fully leased and paying assets? This is INSANE!

]]> By: Vergie http://www.fhaloanpros.com/2008/12/will-lower-interest-rates-alter-your-mortgage-plans/#comment-33183 Vergie Thu, 25 Dec 2008 03:59:51 +0000 http://www.fhaloanpros.com/?p=812#comment-33183 Just stopped by, nice blog! Just stopped by, nice blog!

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