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Am I guaranteed a mortgage approval on a property that was bought outright?

Aug 01, 2008 by LMB | Posted in Renting & Real Estate

I have no credit whatsoever, and I am in the process of purchasing a home with cash. Will I be able to get some type of loan from it? Its assested value is of 35K and would like to borrow 10K. Any information you can give me will be greatly appreciated.

You are not guaranteed. Almost guaranteed but not fully. Paying cash for the house is a great sign for a lender. When you apply for the new loan, you will face the same scrutiny that you would if you were buying. Good credit, good job, good track

Ed Atun | Aug 01, 2008

If you are paying more than 10k in cash then yes you will be able to get a loan for 10k. Because you will own more equity than the bank has to put up, so the bank can easily make back the money if you default and they foreclose and sell your house.
That Guy | Aug 01, 2008

How can I get guaranteed approval for a mortgage loan modification?

Feb 05, 2010 by Love My Kids | Posted in Personal Finance

My husband and I recently separated. Prior to him leaving our home our mortgage was severely delinquent and since he's left the balance owed has escalated. I do not generate enough income to financially pay the mortgage, plus support our two small children

Bad Credit Mortgage Home Loan Personal Dept Consolidation Refinance Credit Card Auto Loans Car Loans And Many More Type Of Loans Visit Us Now And Apply Online Guaranteed Approval

Bad Credit Mortgage Home Loan Personal Dept Consolidation Refinance Credit Card Auto Loans Car Loans And Many More Type Of Loans Visit Us Now And ...

Daniel Borenstein: Oakley city manager receives $366500 bonus from taxpayer ...

09.10.11

The Oakley City Council just gave its city manager what amounts to a $366,500 bonus as part of a sweetheart deal to rescue him from an underwater mortgage.

The generous taxpayer-funded payoff far exceeds loan restructuring terms banks would offer borrowers who owe more than their homes are worth.

Under the council's agreement with Bryan Montgomery, manager of the community of 35,000 people, the city forgave a home loan it had issued him and received in exchange a far-less-valuable partial ownership of his property.

Source: Contra Costa Times

guaranteed mortgage approval - Bookshelf


Introducing race and gender into economics
210 pages 		Introducing race and gender into economics

Creator: Robin L. Bartlett | Business & Economics - 1997-09-11
It may surprise students that studies of the HMDA data still indicate wide differences in mortgage approval and rejection rates for minorities and whites. ...
Publisher: Psychology Press
Investment companies, an industry in transition Investment companies, an industry in transition

Creator: Practising Law Institute | Business & Economics -
FNMA Guaranteed Mortgage Pass-Through Certificates (also known as "Fannie Maes") are solely the obligations of FNMA and are not backed by or entitled to the ...
New York supplement New York supplement

Creator: West Publishing Company, New York (State). Supreme Court, New York (State). Court of Appeals | Law - 1946
Where mortgage company sold guaranteed mortgage participation ... Necessity of acceptance and approval. Sup. Where application for life insurance signed by ...

Assured Auto Mortgage Approval is a Huge Body fat Gigantic Lie ...

Go through this little poor boy all the way through and I am going to help you out if you might be hunting for vehicle finance. Lets get one thing straight here, appropriate now though… There is no such factor as guaranteed auto loan approval.

Let me notify you a little story…

In 1998, I was standing in Jacksonville, FL on the showroom flooring of a nicely-recognized dealership. An aged man got dropped off at the automobile whole lot by a taxicab and walked in. He stated, “I am here to fill out a mortgage application to get approved for a auto”. Odd, he didnt care what auto… he just wanted a credit score app.

...

Read more...

guaranteed mortgage approval - News


Daniel Borenstein: Oakley city manager receives $366500 bonus from taxpayer ...
Contra Costa Times - Oct 09, 2011
The Oakley City Council just gave its city manager what amounts to a $366500 bonus as part of a sweetheart deal to rescue him from an underwater mortgage. The generous taxpayer-funded payoff far exceeds loan restructuring terms

Hom Mali auction will test system
Bangkok Post - Oct 02, 2011
Officials will seek bids to establish free-on-board (FOB) prices for 30000 to 40000 tonnes of 100% Hom Mali rice based on the guaranteed price at 20000 baht a tonne of Hom Mali paddy plus milling and packaging expenses. The paddy mortgage programme

Thailand's Rice Mortgage Program
Asia Sentinel (blog) - Sep 27, 2011
The Thai parliament recently approved a paddy pledging program that will increase the minimum guaranteed price for farmers by more than 60 percent. Since Thailand is the largest rice exporter in the world, accounting for one-third of total global rice

Fannie Mae approves Total Mortgage Services for multifamily financing
Housing Wire - Sep 13, 2011
Mortgage lender Total Mortgage Services said it received approval from Fannie Mae to sell and service one-to-four family first lien mortgages. The Milford, Conn.-based lender said it will retain mortgage servicing rights,

"How The New FHA Regulations Will Affect Your Condominium"
Mondaq News Alerts (registration) - Oct 07, 2011
Previously, when someone purchased a condominium unit and wanted to obtain an FHA backed mortgage, the purchaser could obtain approval of the condominium association where the unit was located for that specific loan by providing some basic information

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