Comments for #1 Home Based Business Opportunity

Comment on Would it be better to apply for a small business loan or a home loan? by Filly

Filly — Fri, 12 Feb 2010 03:19:59 +0000

I AM HAPPY TO HAVE MEET WITH MR SAMUEL MARK , THE C.E.O OF GOLD STAR INTERNATIONAL LOAN FINANCE COMPANY , FOR HE IS THE REASON WHY I AM FINANCIALLY STABLE IN BUSINESS SECTOR,. I HAVE ONES BE LIKE YOU AND IT WAS MR SAMUEL THAT HELP MY LIFE , FOR IF YOU NEED A LOAN JUST MEET HIM WITH HIS BELOW DETAILS ,

name… Mr Samuel Mark

Email : samuelmarkloanfirm@live.com
References :

Comment on Would it be better to apply for a small business loan or a home loan? by Tony

Tony — Fri, 12 Feb 2010 02:33:59 +0000

hi
If you looking for a legitimate payday loans upto $1000 in 1 Hour .once approved your loan will be transferred directly to your checking account promptly, and securely. Now you’ll be able to use the cash for all your necessities.

http://bestpaydayloancompanies.net

• 100% secure and processing
• No faxing -No credit check
• Immediate online approval
• Excellent customer service
• Get Cash in Minutes!
Good luck!………..
References :

Comment on Would it be better to apply for a small business loan or a home loan? by loanmasterone

loanmasterone — Fri, 12 Feb 2010 02:08:59 +0000

You would want to get a mortgage loan for the purchase of the investment properties you would want to purchase. In the real estate or mortgage industry a 1-4 unit is considered a single family property for the sake of getting a mortgage loan. You might qualify for a FHA or conventional mortgage loan. If one of you were in the military you could do the same with a VA mortgage loan.

FHA have a mortgage loan that require a minimum of 3%-4% down, while a conventional loan would require around 10% or better.

The interest rate and loan terms are the same as if you were to purchase a single family home. In order for this to work you and your husband will sign documents at closing indicating that the property you are purchasing would be your residence and agree to live there a certain number of years normally 2-3.

Buying a house is a step by step process, this is the first step. Once this step is taken the others will fall in place for you.

In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book.

Make sure this mortgage broker or mortgage banker is able to do government loans such as FHA and VA loans if you qualify for one.

He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate.

The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase.

When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started.

#1 One month of pay stubs for each person that will be on the mortgage.

#2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment.

#3 Two years of federal income tax along with the W-2 that match.

Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased.

Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral.

Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments.

If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan.

You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once.

Make sure your mortgage broker explain all your options so you may make an intelligent decision.

What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else.

So select the best option for you and your financial situation.

You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment.

Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign.

Your mortgage broker will now order an appraisal to show proof of the property value.

The mortgage broker might ask for additional information or documentation, don’t get all up tight this is normal, just supply the information or find the documents needed.

After the appraisal has been completed you will be called by your mortgage broker to sign your loan docs so you can take possession of your new home.

Before signing any loan docs make sure they say exactly what you and your mortgage broker went over when you decided on what mortgage program was best for you.

I hope this has been of some benefit to you, good luck

"FIGHT ON"
References :

Comment on Would it be better to apply for a small business loan or a home loan? by Tonya

Tonya — Fri, 12 Feb 2010 01:19:59 +0000

The best type of loan is a mortgage…and when you apply say you plan to live in one of the units (it will be your principal residence). It is too hard to get a small business loan especially when you don’t have any proof that your business was successful, like past tax returns, etc. And with the economy recovering, banks are less likely to give "risky" loans. So a mortgage is the way to go…an when you move up, you can rent that property and buy another…and then another.
References :

Comment on Would it be better to apply for a small business loan or a home loan? by Fari

Fari — Fri, 12 Feb 2010 01:10:59 +0000

lucrative business; with a long term plan of owning several residential rental properties in michigan?????you would be better off selling friedchickenandwatermelon on the street corners of michigan....
References :

Comment on Would it be better to apply for a small business loan or a home loan? by LD

LD — Fri, 12 Feb 2010 00:55:59 +0000

Ummmm. Don’t you remember about a billion people just trying to do this and now they are filing bankruptcy and all the homes are being foreclosed on? It’s true that now may be a good time to pick up some investment property if you have the money. If you are trying to get a loan to get into this business you are nuts…
References :
Watching the world crumble down around me.

Comment on Would it be better to apply for a small business loan or a home loan? by Patricia C

Patricia C — Fri, 12 Feb 2010 00:30:59 +0000

You can’t buy a residential property with a business loan.
References :
RE broker and owner of several pieces of rental property.

Comment on Would it be better to apply for a small business loan or a home loan? by golferwhoworks

golferwhoworks — Fri, 12 Feb 2010 00:23:59 +0000

mortgage is what you apply for. Now if it is going to be investment or rental property you must put down not less than 30% to get a mortgage I am a mortgage banker in TN
References :

Comment on Would it be better to apply for a small business loan or a home loan? by crazyem

crazyem — Thu, 11 Feb 2010 23:37:59 +0000

Are you planning to live in the home? Unless you plan to buy it and use it right away as a rental property, you may not be able to get a business loan for it.
References :

Comment on How does the Google Home Business Kit Work? by capwest5a

capwest5a — Sun, 24 Jan 2010 01:57:59 +0000

Simple, it doesn’t work.

It’s a scam out of Asia that somehow is being allowed to use the word Google in the product name. The real Google (an American company) is in no way affiliated with this ‘Biz Kit’.
————
Ok, so what happens is, you sign up and type in your card info expecting to be charged like $2. Within 24 hours, your card will be charged again for like $60 (it’s all in the fine print). These charges will keep appearing on your card until you close that card number.

IT’S A SCAM.

Try it out if you don’t believe me.
References :