Google Answers Logo
View Question
 
Q: Estate mortgages ( No Answer,   1 Comment )
Question  
Subject: Estate mortgages
Category: Business and Money > Finance
Asked by: andrea007-ga
List Price: $10.00
Posted: 18 Jan 2005 13:41 PST
Expires: 17 Feb 2005 13:41 PST
Question ID: 459454
Can I get a mortgage based on future earnings from an estate?
(ie  I invest $600k of my estate..this percentage of the estate 
pays the mortgage..the interest rate is 4.25%..it is a 15 yr mortgage..
and the estate planner using a financial broker guarantees 6% + 2% 
dividend on the $600k..I reinvest the dividend (8%)total interest on $600k
minus the 4.25% giving me ..3.75% interest over 15 yrs or $1,042,252).
 Can I buy a $1M house today?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Estate mortgages
From: detroitjake-ga on 05 Feb 2005 00:09 PST
 
Your question considering the possibility of obtaining a mortgage loan
based on future earnings from an estate, is quite complicated. Many
issues need to be evaluated, especially credit rating, net worth,
collateral, liquid assets, employment status, etc. Many companies
offer estate mortgage services but such cases that require difficult
financial projections, an experienced estate mortgage banking expert
is required. I recommend this mortgage bank
http://www.paragonbankmortgage.com they are based in Raleigh the
banking and commerce capitol of the world. Kathy Cancro or Bob Parrish
are two of the leading estate mortgage bankers in the industry. Good
Luck.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy