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Brian Brady's Advice

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Brian Brady wrote:

Re:my question on home equity loan for mortgage free home

Answer
I answered in your previous question
December 16 2008
(0)

Are any lenders doing home equity loans on homes that are mortgage-free?

Answer
There are still a few lenders offering first position Home equity lines of credit.  Generally speaking, you can't borrow more than 75% of the home's value and they will have a pre-payment penalty.  I funded one three weeks ago, in CA.The pre-payment penallty can be waived for a fee.You'll need to have excellent credit and verifiable income.Rates range from Prime plus .25% to prime plus 2%.
December 16 2008
(1)
Fed Proposed Changes to Mortgage Broker Compensation
While I'm no fan of government meddling in the loan origination process, I can find no fault in the Federal Reserve's recent proposal to define the role of a mortgage broker and to regulate lending. Those who know me know that I'm a known Fed-phile; I sincerely believe that they are the most appropriate body, within the government, to establish rules and guidelines for lending.  The full, 41-page text of the proposal is here. Any thoughts?  
December 23 2007
(0)

How often do you change the photpgraph of the home?

Answer
perhaps the owner could post a picture
April 23 2007
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MLS#: 061099685
April 08 2007
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MLS#: 076022564
April 08 2007
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MLS#: 061052419
April 08 2007
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MLS#: 071026164
April 08 2007
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