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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] from a lender's perspective Posted by hard money lender on June 27, 2009 at 9:15 PM In Reply to: If I buy 2nd at sale, can I reinstate first? posted by Timmy in MN on June 26, 2009 at 11:00 AM interest rates are one thing that a lender looks at. but it is not everything. they originally made a loan to an individual, after reviewing info about said individual. they have made no such determination about someone wanting to re-instate a loan. the loan was originally made based upon a certain property value. in a down market, the lender may want to start that process over. i know i would prefer all my loans pay off, so that i could start over, based upon current appraisals, as opposed to appraisals from 2 years ago. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : interest rates are one thing that a lender looks at. but it is not everything. : they originally made a loan to an individual, after reviewing info about said individual. : they have made no such determination about someone wanting to re-instate a loan. : the loan was originally made based upon a certain property value. : in a down market, the lender may want to start that process over. : i know i would prefer all my loans pay off, so that i could start over, based upon current appraisals, as opposed to appraisals from 2 years ago. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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