Comments on: Equity Managment Is Not What It’s Cracked Out To Be http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/ Home Mortgage Expert in Phoenix, Arizona Wed, 19 Nov 2008 17:47:51 +0000 http://wordpress.org/?v=2.6.1 By: Arizona Mortgage Guru » Equity Management Counterarguments http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1608 Arizona Mortgage Guru » Equity Management Counterarguments Thu, 28 Feb 2008 20:18:39 +0000 http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1608 [...] few weeks ago I made the claim that equity managent was not what it’s craked out to be. I also wrote a post on AgentGenius.com (a national real estate magazine) that equity management is [...] [...] few weeks ago I made the claim that equity managent was not what it’s craked out to be. I also wrote a post on AgentGenius.com (a national real estate magazine) that equity management is [...]

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1557 Shailesh Ghimire Tue, 19 Feb 2008 20:19:19 +0000 http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1557 It is illegal to receive cash back during a purchase transaction. Lenders will only lend on the purchase price or the appraised value (which ever is less). These are standard rules in the mortgage industry (may even be Federal laws – I’m not sure). It is illegal to receive cash back during a purchase transaction. Lenders will only lend on the purchase price or the appraised value (which ever is less). These are standard rules in the mortgage industry (may even be Federal laws – I’m not sure).

]]> By: maureen http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1549 maureen Tue, 19 Feb 2008 18:28:11 +0000 http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1549 I have a general question about obtaining a mortgage. My fiance and I are looking to purchase a condo. The sale price is 250k. It is appraised at 323k. Is there anyway that we would be able to obtain a mortgage for 300k. We have talked to 2 standard bank lenders who have said no, they are only willing to finance the sale price. Right now the way we see it is if the developer agreed to cut us a check for the surplus, is this even legal or a possibility? Any insight anyone could provide would be helpful. I have a general question about obtaining a mortgage. My fiance and I are looking to purchase a condo. The sale price is 250k. It is appraised at 323k. Is there anyway that we would be able to obtain a mortgage for 300k. We have talked to 2 standard bank lenders who have said no, they are only willing to finance the sale price. Right now the way we see it is if the developer agreed to cut us a check for the surplus, is this even legal or a possibility? Any insight anyone could provide would be helpful.

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1530 Shailesh Ghimire Thu, 14 Feb 2008 02:25:27 +0000 http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1530 Jeff, Thanks for making a very good point. I tried to make that point in all of my comments relating to home equity management. It is very important that consumers are made aware of everything including those elements which many not necessarily figure into a rational analysis such as those I mention. Thanks! Jeff,

Thanks for making a very good point. I tried to make that point in all of my comments relating to home equity management. It is very important that consumers are made aware of everything including those elements which many not necessarily figure into a rational analysis such as those I mention.

Thanks!

]]> By: Jeff Brown http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1527 Jeff Brown Wed, 13 Feb 2008 22:07:05 +0000 http://www.azmortgageguru.com/equity-managment-is-not-what-its-cracked-out-to-be/#comment-1527 Shailesh -- In the post on your alternate site you said -- However after thinking about the implications of these ideas I have come to the conclusion that this strategy can yield results for the right person within the right context. People can debate about the degree to which any particular investor should apply these principles. The practice of equity management isn't new by any stretch. Is it misused and abused by amateurs and unethical pros? Of course it is. Has it allowed thousands of regular folk the option of early retirement at higher retirement incomes than they thought possible. Absolutely. 'Within the right context' says it all. Thanks for your thoughts so eloquently put into the post. Shailesh — In the post on your alternate site you said — However after thinking about the implications of these ideas I have come to the conclusion that this strategy can yield results for the right person within the right context.

People can debate about the degree to which any particular investor should apply these principles. The practice of equity management isn’t new by any stretch. Is it misused and abused by amateurs and unethical pros? Of course it is. Has it allowed thousands of regular folk the option of early retirement at higher retirement incomes than they thought possible. Absolutely.

‘Within the right context’ says it all.

Thanks for your thoughts so eloquently put into the post.

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