DISQUS

Living Off Dividends · 1 year ago

never lend to family members in excess of what you can afford to lose.

the last thing you want to do is evict a friend/family member.

BobSmith · 1 year ago

This would be insanity... FAR too much risk for the lender. There are so many problems with this, from a purely financial perspective, that there isn't enough space here to cover all of it.

When you add in the relationship factors, it's a terrible idea. This is a great idea for the borrower if he/she can find a family member gullible enough to go for it, but it's a disaster waiting to happen for the lender. A truly bad idea.

M Petrone · 1 year ago

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Affordable SEO Services · 1 year ago

Refinance options for individuals who find they may be unable to continue to afford mortgage loan payments are available through the Michigan State Housing Development Authority

Affordable SEO Services · 9 months ago

There are many factors that the bank will take into consideration when assessing your application for a refinance. Sometimes, your application is rejected, even when you feel that your credit and finance profile are pretty good. If that is so, what is the reason that is preventing them from accepting your application?

WealthBoy · 9 months ago

Many banks are just simply unwilling to take on additional risk right now,
even with those that have above average credit.