Can the Bank Take My House Away if My Husband Dies?
If I am not on the loan, and my husband dies, the bank can take the house away. FALSE! I felt so bad that my client today was so worried about this. A bank cannot “take away” the house or force you to pay the loan back if the borrower or even main wage earner dies. As...
Stock Market News
This week was a doozy in the stock market! Normally that helps the bond market, but it had little effect. In the end, it was a seesaw week. We got a final GDP revised number and it now was determined that the GDP grew at 3.9% in the 2nd quarter which was much better...
This Weeks Win: 9-25-15
Veteran who has been trying to refi for 4 months comes to a class for veterans and gets a great rate in 3 weeks! He said that he had been overwhelmed with paperwork by a lender in San Diego. The lender had taken his loan application in June and was still “working on...
You Can Only Get a Home Equity Loan on a Home
FALSE! I have been specializing in teaching real estate investment since 1995 and helping investors build a strong healthy portfolio, and I am of the mindset that assets beget assets. That is, we borrow against cash flowing property to get more cash flowing property....