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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? |
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There is no answer at this time. |
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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. |
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