Most mortgages are nonrecouse, or use?
Deal Score0
How do you find this type of loan you?
Login / Register Submit a deal
No widgets added. You can disable footer widget area in theme options - footer options
Random Posts
- Can I “safely” buy a home now?I just wanted an easy evaluation of I can “safely” buy a home without trouble, or if it would be best to wait for a year to increase the balance on my account. A factor …
- Can you buy an investment property as afirst time home buyer?I have been pre approved at one time for down pymnt assistance as a first time home buyer . However I would like to make it an investment property without occup the prop . Are …
- Can you use the money from your home equity loan to buy another house?Say I remodel my house, end up with 30k in equity, and take out a home equity loan for that amount. Can I turn around and use that 30k as a down payment on another …
- Any loan company sites out there who specialize in giving home loans to those with less than perfect credit?Related Posts:Can you get a home loan with bad credit?company offer loans for those with poor credit?Mortgage loan websites say I can't get loan?VA HOME LOAN...who/type are the best offices when…I was asking about a …
- Reduce mortgage rates on jumbo .. 401K?We bought a home worth 670K, and makes 70k sissemakse.Olime as if considering a loan of 401K to reduce the annual salary is a common laenusummast.Meie 195K/annum.Kas is wise to borrow money or go to …
Random Topics
- Rebuilding costs of Krakatoa 1883 [how life changed]?So can anybody give me an approximation of the rebuilding costs of this volcano. Also how life was affected in Indonesia … ? Thanks. Related Posts:Rebuilding costs of Krakatoa 1883 [how life changed]?What were the …
- Tax RefundJust filed taxes today.* We are getting a refund of about 1600.* When we realized our financial situation a year ago, we adjusted so that we would break even at tax time, why let the …
- Im in need of a good answer from anyone, but really appreciate a therapist or Psycollogist on this oWhy is that at my 31 years, married, 2 kids and together with the only man I have been with since I was 15, I feel I have so many things to learn or say …
- What interest rate would I get for a car loan for $8000 with a 704 experian creditscore, limited history? I have had 2 credit cards in the past six months. Very low limits, on time payments and both have less than 30% balance on them. I was looking agt a car …
- From 580 to 676 in 18 months!I just wanted to share for those of you who are getting started that it is possible and I plan to keep on going! I declared bankruptcy two years ago due to divorce. My first …
Mortgage loans are not typically referred to as being ‘recourse’ or ‘nonrecourse’ loans…. could you explain a bit more what it is that you need to find out?
A Non-recourse loan contains express language in the mortgage that the lender will not seek a personal judgment against the mortgagor but will rely entirely upon the security to satisfy payment.
They are almost unheard of in third party residential loans. [Tho’ certain VA & FHA loans were effectively similar] They exist pretty much exclusively in commercial lending & I haven’t seen one since I got out of representing developers some 25 years ago.