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3/11/2010
Thursday morning
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| If a person buys a $100, 000 home and has no more than a $80,000
first mortgage, they do not have to buy PMI (insurance) because
their loan-to-value ratio was not greater than 80%.
If they were then to get an equity line loan of $10,000, would
the lender of the ELL have to notify the first mortgage lender,
and would that trigger PMI? |
| Mapanari wrote in message
news:DiYj7.530235$lq1.107485704@typhoon.austin.rr.com...
And now with the new bankruptcy laws that Clinton and the democrats
fielded by accepting millions in bribes from the banking and credit card
industry, and then the Bush industry took over and its now approved,
do you know that debt can no longer be wiped out and you start clean?
Its going to be like 1800 England and debtors prison; you cant wipe it
out and to make sure you pay for the rest of your life, they can attach
any
paycheck, any money you recieve, any lotto, any inheritence.
That means, if some goofy sad sack doctor cuts off your leg instead of
your wart on your ass, you sue, and lose, and he presents you with a bill
for $600,000 and you cant pay it, youre going to be his wage slave for
the
rest of your life, and when your parents die and leave you their $300,000
house, theyll come and take it away from you and then garnish you
paycheck
for
life.
Death is your only escape fr. |
|
B Oberoi wrote
Banks advertising home equity loans say that the interest
on such loans *may* be tax deductible. When is such
interest NOT deductible? |
| Juan Jimenez wrote in message
news:81ul7.158413$oh1.66426213@news2.rdc2.tx.home.com...
Knowing when to fight, when to hold your horses and when to retreat is the
mark of brain ownership. You of course would face down a tank with rocks?
Wouldnt surprise me. Better to retreat and come back to fight another day
than wind up in a pile of ashes for no good reason.
Mapanari wrote in message
news:wYml7.226468$g_3.44459615@typhoon.austin.rr.com...
One, compared to the thousands of innocent little children in schools as
the cowardly terrorists, who dare not pick on armed soldiers, run in,
throw
a bomb and run out.
The palestians never stand up and fight. They run away and hide. Even
when
Egypt begged them to join in on the war when Egypt attacked Israel
without
warning, the palestinians waited and waited to see who was going to win
first
and then just stayed in their houses.
mapi
Earl Cooley III wrote in message
news:3b95c077.3203125@news.io.com...
| O. |
|
I have a client who wants to purchase rental property using
his home equity. The loan will be secured by his personal
residence. I am aware of the $100,000 limit on home equity
loans. I have read that the interest tracing rules do not
apply to home equity loans. The rental property will be
rented to his corporation. |
|
