Comments for Capital Lending http://caplend.com All Things Capital Lending Wed, 16 Dec 2009 18:01:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on What are some valid reasons to access the equity in your home for a loan? by http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16191 Wed, 16 Dec 2009 18:01:00 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16191 Tell them you are building a brothel in the backyard for extra income Tell them you are building a brothel in the backyard for extra income

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Contractor Insurance Yonkers NY http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16190 Contractor Insurance Yonkers NY Mon, 14 Dec 2009 23:21:00 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16190 They want to hear that you are getting the loan to make improvements if for a fixed interest home equity loan. Otherwise you could say that this is part of your financial planning strategy as interest rates are the lowest that they have been for years and you would like to diversify and not keep all your money in untapped house equity. Are you getting a first mortgage or a home equity line of credit (HELOC) or straight home equity? HELOC's rates are variable and the others are not unless you lose it and get an ARM....don't. Rates on 15 year loans are less than 4.5% fixed right now. They want to hear that you are getting the loan to make improvements if for a fixed interest home equity loan. Otherwise you could say that this is part of your financial planning strategy as interest rates are the lowest that they have been for years and you would like to diversify and not keep all your money in untapped house equity.

Are you getting a first mortgage or a home equity line of credit (HELOC) or straight home equity? HELOC’s rates are variable and the others are not unless you lose it and get an ARM….don’t.

Rates on 15 year loans are less than 4.5% fixed right now.

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Roll Off Albany http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16189 Roll Off Albany Sat, 12 Dec 2009 14:04:49 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16189 I used it for major addition. You use your home to protect your home not as a piggy bank. Instead of paying a bank interest just take that 500 or 1000 mortgage payment and sock it into an IRA I used it for major addition. You use your home to protect your home not as a piggy bank. Instead of paying a bank interest just take that 500 or 1000 mortgage payment and sock it into an IRA

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Roll Off Rochester http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16188 Roll Off Rochester Thu, 10 Dec 2009 08:12:15 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16188 The best answer is that you will use it for home improvements. That will make the bank feel like you are investing back into a property that perhaps they may own someday if you default. Bankers live in box called risk analysis, that is what every loan is based on. The best answer is that you will use it for home improvements. That will make the bank feel like you are investing back into a property that perhaps they may own someday if you default. Bankers live in box called risk analysis, that is what every loan is based on.

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Roll Off Pittsburgh http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16187 Roll Off Pittsburgh Wed, 09 Dec 2009 03:16:15 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16187 You have it backwards, going into debt and paying interest will not give you any security at all. You are in a secure position now, don't mess it up. You have it backwards, going into debt and paying interest will not give you any security at all.

You are in a secure position now, don’t mess it up.

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Dumpster Rental Arlington VA http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16186 Dumpster Rental Arlington VA Tue, 08 Dec 2009 09:10:19 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16186 You built the home and there is no debt on the home? Good for you! You have your financial security already. If you borrow against your equity at 5% then you have to invest that money in something that earns more than 5% of your are losing not making money. You built the home and there is no debt on the home? Good for you!

You have your financial security already.

If you borrow against your equity at 5% then you have to invest that money in something that earns more than 5% of your are losing not making money.

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Roll Off Springfield VA http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16185 Roll Off Springfield VA Sun, 06 Dec 2009 20:32:54 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16185 How is borrowing money going to bring you financial security? How is borrowing money going to bring you financial security?

]]> Comment on What are some valid reasons to access the equity in your home for a loan? by Roll Off TexarkanaDumpsters http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/comment-page-1/#comment-16184 Roll Off TexarkanaDumpsters Sat, 05 Dec 2009 23:43:51 +0000 http://caplend.com/what-are-some-valid-reasons-to-access-the-equity-in-your-home-for-a-loan/#comment-16184 They want you to REINVEST the money back into the house. Taking out a loan and parking the money is not a very sound thing to do financially. They want you to REINVEST the money back into the house. Taking out a loan and parking the money is not a very sound thing to do financially.

]]> Comment on How can i get a secured loan even though i have bad credit? by Contractor Insurance Galveston TX http://caplend.com/how-can-i-get-a-secured-loan-even-though-i-have-bad-credit/comment-page-1/#comment-16259 Contractor Insurance Galveston TX Thu, 03 Dec 2009 18:41:27 +0000 http://caplend.com/how-can-i-get-a-secured-loan-even-though-i-have-bad-credit/#comment-16259 There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements. Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on. There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

]]> Comment on How do you get info to pay off a past due loan? by Contractor Insurance Erie PA http://caplend.com/how-do-you-get-info-to-pay-off-a-past-due-loan/comment-page-1/#comment-16204 Contractor Insurance Erie PA Thu, 03 Dec 2009 10:48:16 +0000 http://caplend.com/how-do-you-get-info-to-pay-off-a-past-due-loan/#comment-16204 You can get the info from your credit report you just ran or write/call or go online and dispute the charges and either they will write back and the credit bureaus will notify you w/the address/info for the collection agency or if it's really old they will not reply and be unverified and they will remove the info. You can build credit even w/the past amounts still owe. You'll probably have to start with a secured credit card (Where you put at least 300 in a savings account) and how ever much you put away is the balance or line of credit you'll have. No you shouldn't need a lawyer to do this. You can get the info from your credit report you just ran or write/call or go online and dispute the charges and either they will write back and the credit bureaus will notify you w/the address/info for the collection agency or if it’s really old they will not reply and be unverified and they will remove the info.

You can build credit even w/the past amounts still owe. You’ll probably have to start with a secured credit card (Where you put at least 300 in a savings account) and how ever much you put away is the balance or line of credit you’ll have.

No you shouldn’t need a lawyer to do this.

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