Why are home equity loans easier to get than a regular first mortgage?
The paperwork and requirements for a first are much more difficult to satisfy. Why? I owe nothing on my home, I want a first on it, but because I work abroad and can’t show tax returns for 2009 I can’t get a first. But home equity seems do-able. Why?
Actually, I live in the house 4 months out of 12, and my Bank of America account shows monthly deposits from Tokyo. And the house is free and clear. They will give me a second (in first position) , but not a first. I don’t understand the difference: why give me a second, but not a first? Is it related to the source of the funds?
I simply want to understand how the system works. For future reference.
Categories: Mortgage Tags: 4 months, bank of america, first position, first-mortgage, home equity loans, paperwork, tax-returns, Tokyo
Coldplay – Yellow (Live Tokyo 2009) (High Quality video) (HQ)
Coldplay – Yellow (Live Tokyo 2009) (High Quality video) (HQ) Coldplay live Saitama Super Arena, Tokyo February 2009.
Categories: Quality Tags: 2009, Coldplay, coldplay yellow, high, High Quality, live, Live Video, Quality, saitama super arena, Tokyo, Video, video live, Yellow