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:
