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Questions about Equity Spread

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					Presented by Daniel Toriola
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Questions about Equity Spread By Bryan Benson

Many people have questions about equity spread (and what is considered a common equity spread). Let me explain it to you this way. If you have a home that is subject-to and is leveraged pretty high, how much equity spread actually still makes it a deal? Before you can answer that, you need to ask how high-priced the home is; sure you can go off a list price. You can even see what other homes that are similar to this house may be going for. But it goes deeper than that. Think about the house. Think about the neighborhood. Is it a nice house in a nice neighborhood that has nothing wrong with it which could stop it from being sold? Is there anything going on in the neighborhood or area that can decrease its’ worth? Don’t just look at the structure, but look at its surroundings as well. If not, and if it is in a good, marketable area, then you have something to work with. The biggest thing that people forget is that you do accept trades. You should always put in your ads that you will accept anything of value in trade. Does this mean you might have to weed out the reality from the nonsense? Of course it does. You may get calls from people offering you motor homes and motorboats and other real estate. You just have to be up front with them. You need to let them know you are willing to take their house in on a trade. But you will have to be extremely careful. You will not be able to give one hundred percent of the value of the equity if you take the home on the trade. It is just not probable (or possible for that matter). Realistically, you will end up probably giving only half of their equity as credit. So where does that leave you? You could potentially end up with their house (which could be easier to sell than your house) and in addition, you’ll get some built-in equity and make a profit from cashing out of your house at the same time. It is really that simple. Finding a motivated seller and a motivated buyer (that’s you!), and you’ll be on your way! When it comes to real estate investing, I highly recommend information from Ron LeGrand . For vauable information regarding investing in homes visit http://www.RonLeGrand.com. You can also find useful investor resources in the free newsletter at http://www.MillionaireMakerNewsletter.com.
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The basics of a home equity loan. By Adam Jackson

In general, the basics of a home equity loan are quite simple. A home equity loan is a loan secured against the equity of your home. The lenders will measure the equity amount of your home, by looking at how much of the mortgage remains (if any) and what the current value of the property is. Most high street lenders are happy to lend money of up to 75% of your home’s equity. Similar to a mortgage, the loan will usually run for 10 to 25 years and have a rate of interest applied. In most cases, a home equity loan is seen as a second mortgage. It will run along side your original mortgage and be paid in the same way. The more common reasons for taking out a home equity loan include home improvements, purchasing a second home or debt consolidation. In fact, most lenders are now aggressively pushing their debt consolidation products. This has become a growth area in recent years, mainly due to people over spending on their credit cards. A home equity loan will allow the borrower to pay off all existing debts and loans and spread the low monthly payment across a number of years. Most banks are very happy with this situation as they are exchanging unsecured debt for secured debt. The security of course is the equity in your home. If you’re considering a home equity loan, there is one very important point that you should be aware of. The loan is secured against your property, if you fail to make repayments there is a very real chance of you losing your property.

Adam Jackson of http://www.besthomeequity.net is a home repair expert striving to bring you the best free home repair and improvement information on the web.

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