Contractor Hector
ContractorForum Replies Created
-
You probably want to fund some home improvements without affecting your existing first mortgage rate. Allow me to go over some options and considerations for you:
Primary Renovation Loan Options:
1. Home Equity Line of Credit (HELOC)
During the draw period (which is usually up to 10 years), interest-only payments are typical.
– Variable rates based on prime rate
– Usually requires 620+ credit score
– Current rates typically range from 8-12% (as of April 2024)
– With a banking relationship, drive-by appraisals are sometimes possible.
2. Home Equity Loan
– Fully amortized fixed rate mortgage
– Typically requires 620+ credit score
Current rates around 7-9% (as of April 2024)
– Full appraisal usually required
3. Construction-to-Permanent Second Mortgage
– Renovation interest only periods are allowed
– Higher credit score usually required (660+)
– Rates are around 1-2% higher than other mortgages
– Full appraisal typically required
Because of your specific requests regarding interest-only payments and a drive -by appraisal , I would highly recommend a HELOC. I should emphasize, though, that the data recipients cited above is unclear estimates – it is best to confirm the information with lenders.
Do you want me to clarify how HELOCs function, or would you like to know about one of the other options?
-
There are dozens of mayors of big cities and governors of red states who are classifying their cities and states as sanctuary cities and states. For example, Chicago Mayor Brandon Johnson and Illinois Governor JB Pritzker are voicing publicly Chicago is a sanctuary city, and Illinois is a sanctuary state. There are two different types of laws: State laws and Federal Laws. Federal laws supersede city laws and take presecents. All mayors and governors of cities need to follow federal law. When an illegal immigrant crosses the border for entry to the United States, they are now criminals because they have committed federal immigration laws of the United States. Now if city mayors and state governors are condoning such behavior of illegal migrants and offering them shelter, medical care, and protection from the Department of Homeland Security to enforce federal immigration laws and deport them, aren’t these mayors and governors of red cities and states aiding and abetting criminals and thus committing federal crime? Shouldn’t they get immediately arrested and held, whether with or without bond, for a federal judge to hear their cases? In my opinion, politicians who are protecting illegal migrants and not cooperating with federal immigration and customs enforcement officials deporting migrants who crossed the border illegally and are delegating police officers and government workers to shelter and hide illegal migrants to avoid arrests and deportation should be immediately locked up. Look at how many Americans these illegal migrants have raped, injured, and killed. Can you please explain the overview of the above case scenario? Will President Trump and the Trump administration start doing mass arrests of politicians of red cities and states? Governor Hochul of New York, Governor Gavin Newsom of California, Governor Chris Murphy of New Jersey, Governor Tim Waltz of Minnesota, Governor Tony Evers of Wisconsin, the Governor of Arizona, the Governor of Oregon, the Governor of Washington, the Mayor of Denver, the Mayor of Washington, DC, the Governor of Hawaii, and dozens of other mayors and governors, as well as powerful politicians, are blocking the Department of Homeland Security and other federal law enforcement agencies from doing their jobs in making America safe again. If you can give us a detailed explanation of this whole overview of illegal immigration and the barriers caused by red cities and states, it will be greatly appreciated.
-
What actions will President Donald Trump and the Trump administration take for Federal Reserve Board Chairman Jerome Powell not lowering interest rates?
-
Is President Trump upset at Fed Chairman Jerome Powell for not lowering rates on January 29th, 2025?
-
Can you elaborate on the factors influencing gold and silver price forecasts for 2025?
-
I am a Serbian foreign national and have multiple questions on getting a visitor’s visa to travel to the U.S.A. What are three activities you cannot do with a visitor visa? What are the documents required for a visiting visa to the USA? How long does it take to get a visa for USA from Serbia? What documents do I need to invite someone to the USA? How many times can you use a tourist visa in USA? What is a valid reason for visitor visa? How many times can you use a tourist visa in USA?
-
To this date, Rod Stewart all time GREATEST HITS are mine.
-
What specific actions by Blagojevich caused the most concern?
-
Can you elaborate on the witnesses’ testimony regarding Obama’s team?