Mortgages
Using property (e.g. normally real estate) as collateral to obtain a loan that is paid by the borrower in installments.
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Multiply the balance of your mortgage times your interest rate. Add this number to your balance. Divide by 24. Make that...
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Sure, why not?
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yes you can put a lien on anythig but if you are on the deed you are an owner,so yes u can put a lien on the house It...
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No. You pretty much would need to "square up" with the tax man for the gain on your investment, when that gain is realized. ...
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Car loans are riskier than home loans. The car looses value from day one, is in danger of collision and theft and has a limited...
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Anyone can if they have enough good credit. Relationship to you has no bearing.
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Yes, you should have your loan officer check what your interest rate would be with a cosigner and without. If the cosigner has a...
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Texas is a community property state and the issue of marital debt is complexed as it is not considered a "true" CP state due to...
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The same way you get the loan for any property. You go to the bank and apply. They may have requirements to include...
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Yes to both.
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Yes, and be very careful. In some cases they will show it as a foreclosure on your credit report. Talk to an attorney that you...
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what can I do if i don't have all the money they are asking for up front?
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yes...mortgage brokers have to have a Real Estate license. So does someone in a property management company. You could do all...
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AnswerYes. However, you should be fully aware that if the primary borrower does not pay you will be responsible for paying the...
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As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary,...
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The age of majority is 18, which allows you to legally enter into a contract.
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Nowadays, it is pretty tough to buy a home when one's credit score is merely 595. One signer is enough to obtain 100% financing,...
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To remove someone's name from a mortgage, you must first remove them from the deed. You can't just randomly take someone's name...
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In one way or another you will be responsible for and money in a short sale of your home. If you do not have the cash at the sale...
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Corporate Structure
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Credit to cash, debit to the liability account for the mortgage.
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Ok. In this situation the bank is a creditor, and being a creditor they want their money back, or as much of it as possible. So...
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The title company handling escrow and the documents should see the lien, which should be recorded, when they do the title search....
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If you're saying your mother issued a new deed with your name on it, while there was already a mortgage lien, then the old...
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No the Broker was not legal to perform business; unless the Mortgage Banker is working with another lending institution that is...
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I guess your asking, can I essentially sell or otherwise use up my assets on myself, leaving only the debts that I promised to...
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Someone who wants to pay off a loan in a relatively short period of time or an uninformed borrower.
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Technically the wife and husband own the home while the husband is the only one who owes money to the lender. The property has...
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FHA mortgage interest rate depends on many factors. There is no set rate. Banks send lenders and mortgage companies a rate sheet...
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There are several scenarios that cover the way Loan Offices can be paid. Some Loan Officers are paid on salary. A large...
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The best way to stop a foreclosure is to avoid it occurring in the first place. If a foreclosure is pending, it can be stopped by...
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In most cases, especially now since banks have tightened approvals, yes. A repo shows that you don't care if someone takes your...
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Actually I never really heard of a spouse co-signing for a loan, but more being on the loan with you. More like a joint account....
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Check on google.com
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It means that the person from whom you bought the property is personally supplying the mortgage financing themselves. (i.e.: they...
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Consumer credit, credit cards, auto loans, mortgages, home equity lines of credit, etc. are funded by banks who make the loan...
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A mortgage company usually has a set date that mortgages are due, i.e. the first of the month. Anytime payment is not received by...
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Any other person who may inherit the property would inherit it subject to the mortgage. If the mortgage is not paid the bank can...
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You can go BK individually, but you won't be able to include the debts or portios that are your wifes....and of course any...
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Sure but information of any acquired mortgage must be disclosed to the new lender.
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Yes - Think about it.... If the borrower paid the MI premium, and the resulting APR increased in order to reflect the true cost...
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No
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It could mean the owner is selling the house under "land contract". It is much like renting, except that after a certain amounts...
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Technically you could, but you are going to have a very hard time finding any institution to finance the loan as a 589 is...
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This depends on your individual location. The best option is to check with several banks in your region. Another option is to...
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It depends on the what is in your credit file when it comes to FHA. The best FHA lenders offer the best rates at 660 minimum...
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Lenders use a front ratio as a guideline to see if you qualify for a loan. Acceptable front ratios vary from lender to lender....
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you are in upside down then. I am surprised you could have mortgaged for more than the house is worth
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An equal percentage reletive to how much she invested vs the other investors and the sale price of the house NOT the purchase...
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If you are speaking of making payments on line, the answer is probably yes, however most mortgage servicing lenders will accept...
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No. The executor or executrix cannot be held personally responsible for the decedent's debts.
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Interest is computed on the remaining balance monthly..If you have a credit card balance and pay exactly every 30 days, you will...
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Yes. Since she has a job, she is filing her taxes on the income she received last year. If at any time, you were supported by her...
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No, prior to the closing, the attorney or title company should have all the information in regards to all costs in buying the...
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Yes. There does not need to be the issue of bankruptcy for a lending institution to refuse the applicant. What they may not...
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Yes, I think that it should. It shows that you paid on time and that you can make the payments. Alot of times rent is more...
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As long as their debt to income ratio is low enough. Generally your mortgage payment should be 25-35% of your net income (what...
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The deed to property and the wording of the deed establishes ownership. If a married couple does not reside in a community...
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Not if the couple reside in a community property state. In all other states the state's probate succession laws would apply....
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Ownership of real property is determined by the wording on the title or deed not by the names on the lending agreement. If the...
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Check inside your homeowners policy. Some companies let you and others will get really annoyed with you and possibly cancel your...
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You can refinance your mortgage anytime you want to. There is no minimum time before you can refinance. That being said, you do...
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A summons for a foreclosure is a lawsuit by the plaintiff/lender against the defendant/borrower. All civil suits are basically...
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Generally, no. If the debt was not reaffirmed, then the lender usually can only seek their judgment against the real estate...
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The mortgage is still attached to the property. An heir can take over any interest in the property, as assigned by the probate...
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Sure, it just won't be at a very good interest rate.
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Yes, there are several loan programs that offer great financing at good rates and do not have credit score requirements. Most of...
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You would need to go to a bank or a mortgage broker. First you will need a pre-approval, then you can start looking for a house....
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NO, your homeowners policy will cover 'additional living expenses' but will not cover your mortgage.
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That depends on the financial institution where you have the mortgage. Talk to them, tell them your problem and work out payment...
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Normaly only if you have not recorded such quit claim...
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In almost every state, the answer is "NO".
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The amended return will have to filed with the IRS. You can not just fill out the amended return, give it to the underwriter and...
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No your spouse does not have to be on your mortgage but depending on the state, they must sign away their martial rights to the...
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Whoever inherits the house would need to either pay off the mortgage or refinance the house to take ownership of the house. The...
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This depends on the state you live in and the lenders requirements. Some states allow "anyone" on title to secure a second...
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If you have enough income, you can write off any interest you paid on your mortgage. This will help reduce your taxable income.
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It is not the homeowners themselves who file foreclosure on a house, nor do they decide when to file the paperwork, nor do they...
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A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to...
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If two people granted the mortgage and one dies the other is responsible for paying the debt. If the debt is not paid the bank...
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Your wife must convey her interest to you by her signed deed.
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It's not illegal in that it does not violate the law. However, the contract documents that you signed in order to get your...
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You don't file bankruptcy "on" any debt. You file bankruptcy because you can't pay your debts, and they must ALL be listed.If the...
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boc tx
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Yes. 8 months unless the lien holder has waived thweir right to a deficiency. Then it's 12.
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All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a...
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A major advantage of a buy to let mortgage is that you have an investment property that you never pay a dime on, your renters do...
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A reverse mortgage is generally granted by an elderly homeowner who needs additional income and has equity in their property....
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At times yes. The new HARP program currently allows refinances on properties up to 125% of their value. After March of 2012 once...
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Right away as long as the lender will ok it. Some want a year some want 6 months some do not care. Read your note to make...
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