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Do you know of any loans that fits this description? If so, what's the name of the company(s) that offers it?

Posted by Real Estate Investor on Jun 30 | Real Estate Investing Chatter

Here’s the situation: Imagine you have 8 credit card debts totaling $20k or more and you also have a mortgage. You are thinking about consolidating them all into one monthly bill. And this is what you want from the bank:
1) It has no application fees or any upfront fees to pay (such as appraisals on your home).
2) No PMI (Private Mortgage Insurance)
3) An equity builder plan with an interest rate reduction that will accelerate your debt payments and get you out of debt sooner.
4) No prepayment penalties
5) A no fee bi-weekly payment
6) It uses simple interest vs schedule interest
7) It has no escrow (so you would have to set up an account on your own and use it as if it was an escrow). Escrow is used to pay for property taxes. Unfortunately, with a mortgage company, they only pay it once a year. Most of us that own a home pay property taxes on a quarterly or semi-annual basis. It shows you an amortization schedule.
9) No obligation to accept the loan if you qualify., more 

and If I obtain a home mortgage from my bank, will there be a service fee attached to my monthly mortgage payment?  , more 

and should i buy a house?  im currently renting and have been for years. im single, 26 years old and in a secure job. ive been told i can get a mortgage. but im just worried about the responsiblities and complications of owning a house. i dont earn a lot of money but maybe mortgage payments would be less than my monthly rent. i just dont know what to do., more 

Help Homeowner who is good standing?  Is there anything for homeowners who are good standing and pay there bill on time. We don’t have fannie mae or freddie mac. we are upside down on our house. Our balance is 300,000 and the home vale use is 167,000. What can we do?, more 

and How can i stop people using the side of our house as a toilet?  i live in a small 2 bed detached house and we have a driveway and next to the driveway are flats, and people are seriously using the wall or our fence as a toilet as it back away from the road.
as its rented i can’t put up any fences but can the rental agents or police do anything.
2 guys have on separate occasion peed up the wall and 1 classy woman left shi*t on the driveway, more 

Tags: repossessed, foreclosure, real estate investing, property listings