I am looking for an individual investor to refinance my mortgage, i enjoy approx. $50,000 equity?


Answers:
try using the percentage of your property value,when you are referring
to equity. when some one is offering private financing,they want to know
the ratio of loan to the value of the property.
example,if your home is worth $100.000. after any one with funds would
be interested in offering financing to you ,because nearby is 50% equity.
but if your home value was $1000.000. next the equity is only 5%, no
one would even consider that kind of risk.


Related Questions:
  • I own mortgage of $80,000 equity chain of $90,000 can they foreclose if you product the first pocket money but not 2nd?
  • Is the "basis" contained by tangible property my equity with the sole purpose? Or my equity, plus the mortgage?
  • The $15,000 toll credit surrounded by the stimulus.Would I find that if I refinance? The loan is home equity to a mortgage.?
  • How much equity within a rent house do you own to hold until that time you can element for another mortgage?
  • Does a mortgage enjoy to be remunerated past its sell-by date until that time division split of equity between party?