Josh-Prestigeloans replied to the topic Finance for a Young Investor in the forum Finance 18 years, 5 months ago
just_car1,
Owner Build constructions dont sit quiet well with lenders now-a-days. They are becoming accustom to it though but it will take awhile. They like to see the funds that they are lending to be done by a professional builders, however this is not to say that they wont lend to you but from what i have seen, when you mention owner builders…[Read more]
Josh-Prestigeloans replied to the topic What is a resistible second mortgage? in the forum Finance 18 years, 5 months ago
G3ipd,
Unfortunately i never heard of a resistible second mortgage, would you be able to explain where you found this?
To me a second mortgage is where a lender takes the equity in your existing home as a second mortgage over your new home loan. Some lenders will be ok with having the second priority over the mortgage, however some lenders will…[Read more]