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Can you get ins. on someone who left you 50 percent of his real estate but is spending the equity and you don't want to get stuck with a mortgage?
Wiki User
∙ 8y ago
Yes. If the person - insured signs the application he can name ANYONE he wants as the beneficary. If not, then you might be able to get "Confidential Life Insurance" without his signature. For more information see www.SteveShorr.com/life.htm
Wiki User
∙ 8y ago
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What are the main rules for equity mortgage loans in the UK?
The best way to find rules about equity mortgage loans in the United Kingdom is to speak to someone at a financial institutions. Equity mortgage loans are complex and best discussed with an expert.
Can I refinance my mortgage if I have low equity in my house?
Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.
What if you pay your first mortgage but not your home equity?
If you have a first mortgage and a home equity mortgage, the home equity mortgage is a second mortgage. If the home equity mortgage is not paid, the lender can foreclose and take possession of the property subject to the first mortgage. The home equity lender can pay off the first mortgage and keep any excess proceeds from a sale.
Where can someone get a home equity mortgage calculator?
Most financial or banking websites have home equity mortgage calculators. They are offered as a courtesy so you are not required to have an account with them in order to use the calculator.
Can you use a home equity loan to pay off your existing mortgage?
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.
What information would a mortgage equity calculator give?
A mortgage equity calculator would provide information on the impact that changes in the mortgage interest rate will have on payments for the mortgage loan someone has taken out. It can be useful to help people predict how much they will be paying when interest rates change.
Can someone who is on the home deed but not on the mortgage get a home equity line of credit?
The persons who are on title must both sign for a equity line of credit.
What is a Paramount equity mortgage?
A Paramount Equity mortgage can be described very simply. One of the best ways to describe this is simply a mortgage through the Paramount Equity company.
Do you know how a reverse mortgage works?
A reverse mortgage works by allowing someone to borrow against their home equity. The money does have to be paid back, though
What banks allow bad credit mortgage?
Unfortunately, fewer banks will lend to someone with bad credit. Some of the major banks that advertise that they will give a mortgage to someone with bad credit include Paramount Equity and FHA Mortgage.
What is a paid off portion called on your mortgage equity?
equity
What is the purpose of an equity home loan mortgage?
An equity home loan mortgage is similar to a second mortgage where it is possible to borrow on the equity of a home. This helps reduce financial pressure like facing a foreclosure on a home.
