Question for Ed Garcia and Others - Posted by Shelby (ATL)


#1

Posted by Paul Macdonald on November 16, 1998 at 09:49:14:

Title One is pretty simple. Its a regardless of equity home renovation loan. You still have to qualify based on debt to income ratios and credit - although its looser than conforming loan criteria.

Sorry, don’t know of any Fannie look alikes. Nor a web site to go to.

Call a couple of local banks. You’ll tend to get the best deal on Title One from them. Can’t find a local that does it? The Money Store writes them all the time and they are in a bunch of states…

Good hunting

Paul Macdonald


#2

Question for Ed Garcia and Others - Posted by Shelby (ATL)

Posted by Shelby (ATL) on November 16, 1998 at 07:38:47:

Hi all and go falcons!

Can anyone please explain how an FHA Title One loan works? Also is there a website with information about this type of loan program? I also heard that Fannie Mae has a similar type of investor loan. Any information will greatly be appreciated. Thanks