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Home Equity and Refinancing

Parent Category: Mortgages
Home equity is the ownership value accumulated in a property. A refi involves restructuring a debt, usually to take advantage of lower interest rates.
i am 65yrs + live Nevada consindering walking away from my mortgage .the house is way upside down and i connot retire and continue to make house payments. i have good credit and i am still working full time but soon working will have to end the credit i do not care what rating i but would not want a...
The mortgagee clause will give the lender notice of cancellationbut it will not protect the lender for actions or damages done bythe insured on the policy. All property policies specificallyexclude intentional acts by an insured.
http://www.sterlingnational.com/calc4.asp you can look on any web site for a mortgage calculator this should help usafhamortgage.com or email us at usafhamortgage@gmail.com
Yes, the price at which bonds sell are determined by theinteraction of stated rates of interest and market rates ofinterest.
You will add money to the principal in your first payment. It willbe a small amount, but that is when you start. Your statementshould show how much the bank puts toward principal and how muchgoes toward interest. Over time, more money will be applied to theprincipal. You can also make an extra...
Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.
== Answer ==\n\nFrist mortgage seasoning requirements would be determined by the terms of your loan documents. Some lenders allow loans with no restrictions, others have requirements that would limit your ability to obtain secondary financing or re-financing for a specific amount of time.\n\nHome...
I am going to assume you mean "claim the repairs as a deduction onyour federal tax return." If so, the answer is generally "yes", butthe deduction could be limited in some way. Best to consult a CPAon that issue. (Disclaimer: answer not intended as legal advice.)
Not necessary. He should draft a will and make his wishes knownthat he wants the house be given to you. Probate Court could ruledifferently. Like split the house between you and his parents orsiblings. Get him to an estate planning lawyer and draft a will.
go onto google images and search in twelfth century homes in Francelook like
A Broker's License is required in each state where the business isconducted.
No you cant as far as know because you are still owing the IRSmoney witch could cause a conflict between you and the BankingAgency, Other words know what's up before you do it.
Soccer is an inexpensive way to allow large numbers of kids to participate in group sports.
Just above the line that should either say your name or the word"Grantor"
Most states provide some form of homestead exemption against creditors for your primary residence. However, the amount protected varies by state. The inherited property may be vulnerable to your creditors. Your creditors may seek judgment liens in civil court and may be able to record those liens in...
A joint tenancy protects the property from inheritance by other heirs at law but is not a way to protect property from creditors . The nursing home may be able to place a lien on the property and take your father's half interest. You would need to pay off the lien if you wanted to keep his half...
Yes, but only for FHA loans. As of last week many FHA guidelines were changed. One of those Guidelines include the percentage buyers can obtain in Seller provided closing cost. Previously, a buyer could receive up to 6% of the purchase price from the seller for nonrecurring closing cost (in the...
In order to get a loan for a US business when domiciled outside of the US, one has to either provide collateral or demonstrate that the business is providing enough cash flow to cover the debt in some period of time. Please be careful when evaluating loans - if someone offers one a cheap loan...
There is no payment due to the lender, so that part is easy. The borrower may choose to receive a monthly payment, or can get their reverse mortgage funds upfront or in the form of a line of credit. In cases where a monthly payment is chosen, the lender sets up the payment amount in a similar...
Yes, many good homes you can find by the use of gulf coast mls of samwinter.com. This real-estate company will help you to find best homes in Alabama state. This place is beautiful, many good universities are there, which is really nice for stidents.
Before repaying the borrowed home equity, you should make a properplan. Firstly, review final amount you have to pay before the endof your draw period. Planning should be done at least a year beforethe exact repayment date. Start accumulating the money to repayfrom different income sources you have....
I believe your question is: Can you get a loan if you already own a home? The answer to your question is YES! You can still obtain a home loan even if you currently own a house. The key is that you will still have to qualify for the loan. That means that you have to show proof of income for the past...
Tax you pay with regards to the equity you own
If you agreed to sign a mortgage for property that you don't own then you are responsible for paying the mortgage if the primary borrower, the property owner, defaults . That's the purpose of having a co-signer. The co-signer is a volunteer who guarantees the loan will be repaid and is equally...
If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.
Generally, but there are limitations and qualifications. See the related article for more details.
If you are in a chapter 7, you cannot sell any property without permission from the court and the knowledge of the trustee. Get a lawyer if you do not have one.
Sure. Just like you can work for two different 7-11 stores as longas you have separate hours for each. I take it in your questionthat the Mortgage Broker and Title Agency are owned by the sameowner and in the same office. No big deal.
Yes, as long as she and the property meet the lenders requirements. You should speak with several lenders paying close attention to fees, upfront payments and how quickly the amount owed will increase every year.
Answer . Compared to an active partner - NONE.
She can but will need your approval. You will need to approve the loan as well.
Answer . That is a tough one. If they are abusive you can involve the local authorities. If not you will have to settle that in court; which takes a while. I know of one couple who split and the husband moved into the basement and is still there; the divorse has been in the courts for over a...
It depends on when & how the real estate was obtained. (This isa discussion beyond our capabilities here.) Typically the wifewould go through the probate process to transfer the deceasedhusbands interest in the real estate to his heirs.
Not necessarily. Estate real estate is like any other - based on location, location, location, condition, etc. Unless the sale is a distress for some reason. If there is an executor or administrator, or trustee, all of them have fiduciary obligations to the estate to get the best price possible.
Keyword here is "Co-applicant" ... Both of you are equally responsible and liable for the debt. If your name is not listed on the mortgage deed, then there would be little recourse in coming after you for the amount owed.
No. If the property was held as joint tenants with the right of survivorship then the decedent's interest automatically passed to his wife upon his death. That is the reason for creating a joint tenancy and she is the owner of the property.
A warranty deed. It must be done by deed if you want your daughter to become a co-owner.
Typically the trustee is the successor bank, but it does depend onwording in the trust as well as potentially state and/or federalbanking laws.
You can do it either place. It is referred to as a life estate.Most states automatically give a spouse a life estate in theresidence at the death of the other spouse.
easiest way is to call your lender and ask if your not sure usafhamortgage.com any more questions feel free to reach out to usafhamortgage@gmail.com
Buy Real Estate close to where you live.
You haven't mentioned the tenancy on your deed and that is an important detail. . If you and your brother owned as joint tenants with the right of survivorship then you became the sole owner when your brother died. You would not need a deed from his widow. If you owned as tenants in common then...
You must pay off the lien. The bank will insist it be paid off from the proceeds of the loan. The child support lien has superiority over any subsequent mortgage. The lender must make certain it is paid before handing any money over to the child support delinquent.
It doesn't matter whether it's Replacement Cost or Actual Cash Value. You can do whatever you want with the money. Just don't expect a cent more.
The first note belongs to the mortgage lender and the second to HUD. By doing this, other loan companies are prevented from attaching a 2nd lien to the home, because the secondary lien position is occupied by HUD. Visit the related link for more reverse mortgage information.
A furnished apartment is warmer than an unfurnished apartment since a furnished apartment has more furniture, etc, and the more items a house has, the warmer it is.
Styrofoam, along with most other expanded plastics, is a very poor insulator of heat and electricity, thereby making a foam coffee cup a very good insulator.
Answer . Just from the information you have provided, I would not think so. If there are 2 more years to go on the original rate, and you are planning on selling by the time it is scheduled to increase, what advantage would you have? The lowest interest rates on fixed loans aren't much lower...
I have seen this many times before even though I am only 15. Don't worry, there are ways of getting braces even thought you may not have the necessary funds to pay for them. Here's what you do: if you have a Medical card, and if your teeth are as bad as you said they are, then you may qualify for...
The "hanging habagat" is also known as the southwest monsoon. This natural phenomenon gets its start during the summer months in the northern hemisphere, when the Asiatic continent becomes warmer than the surrounding seas. As a result, a low-pressure area develops over the continent. This happens...
Government agency whose primary purpose is to insure residential mortgage loans, as well as to improve housing conditions. The FHA was created by the National Housing Act of 1934, after the Great Depression. FHA mortgages are more flexible than other loans, which benefits borrowers, and are...
What do you mean by "safe"? The rental agreement or lease will not be affected by the Chapter 13, but you as a prospective landlord should make sure the rent amount is in the plan or is supported by the debtor's current income, which would have to be more than the original income. Many Chapter 13s...
You should check with a Lawyer concerning transfer of property and Chapter 13 bankruptcy. Some things are legal and some things could bring a conviction of fraud and prison time. Sometimes there is an extremely thin line between the two! I assume that whoever is filing Chapter 13 has a lawyer. That...
It may stick to styrofoam because dish soap mixed with tempera paint it sticks to glass.
If you put gasoline in my ferrari would you own half of it? Unfortunately NO! One of the main reasons being how would you prove your paying towards the mortgage? and not just paying him rent?
No. The plan may provide for the sale of the home and using any net proceeds to fund the plan. If the house is under water (worth less than what is owed on mortgages and lines of credit), it may be better to just let it go through foreclosure. The mortgagee will have to file a motion for relief from...
Assuming no Will, if community property, then all goes to wife. Ifseparate property, then divided between wife & kids.
Absolutely not. A deed is a sealed instrument and it is illegal to alter it once it has been executed and before it is recorded.
can you avoid paying bright house if you move home
Yes but the life estate will be subject to the mortgage. If there is a default and the lender forecloses on the mortgage the life estate will be wiped out.
yes, there are several chemicals in Dawn Dish Soap! Bleach, vinigar and many others.
Not really, but the effect on ownership of the property is thesame. Also a gift, if large enough, could have a tax impact.
call them! They have been lending since 1996! www.myequityloan.com is their website 516 938 0022
you should always be able to pay more on the principle if you have any FHA loan. Escrow you most likely would have to call the individual lender and have them add more to the acct should be okay. Might have to call the tax department. usafhamortgage.com usafhamortgage@gmail.com
Yes. That issue should be discussed with an attorney before filing a bankruptcy.
Yes, land owned by tenants in common can be sold by a court decree through a partition proceeding in a court of equity. However, the costs will be deducted from the proceeds of the sale before they are equally divided between the co-owners. A partition proceeding can be costly. The issue should be...
You have an interesting situation. If you didn't sign the mortgage then the lender is in trouble. An unsigned mortgage is not enforceable. In many jurisdictions it is the mortgage that is recorded in the land records to provide notice of the mortgage lien. (Note that you may have also signed a...
They'll probably, eventually, foreclosure. (second response) The first lien holder will pay the second lien holder to prevent them from foreclosing on the property. A second lien would never get away with this, but if they did, boy would they be in the money. Imagine if you took a home equity...
Generally: The proceeds of the sale are used to pay outstanding liens that must be paid. Liens that must be paid are local, state and federal taxes, municipal services liens, the subject mortgage and any liens that were recorded prior to the recording of the foreclosed mortgage. Any liens that were...
First you'll want to pre-heat your oven to 220 degrees centigrade. Have a large pan coated with 2 teaspoons butter/margarine. Prepare 1/2 pounds with vanilla wafers, blend liberally with 2 cups of salsa and 1/2 cup of mayonnaise. Lastly, coat in 3.8 centimeters of fine-ground dirt and bake for 28...
If they have a bill of sale providing proof of ownership, theanswer is yes they can purchase insurance on the mobilehome. Ifthere is some kind of contention that they do not legally own thehome, it may require more proof to satisfy the company.
Pennsylvania law would have jurisdiction over real property in that state and Pennsylvania is not a community property state. However, you should discuss this issue with an attorney considering that any property acquired during a marriage may be considered marital property and subject to the court's...
Wilshire Credit Corp. (a mort. servicer) has said that they have transferred our mort. to BAC Home Loans Servicing the number that Wilshire gave to me is 1-800-669-6607 My advice is to be sure that this is a correct # for such company. The mortgage servicing and transfers are a joke!
The purpose of a living trust is to avoid probate when you die. This can only occur if your assets are titled in the name of your revocable living trust. Therefore, as a general rule, all of your assets should be retitled in the name of your living trust with two exceptions. Read more at http:/...
This probably depends on where you live. Your absolute bestrecourse is to call Chase mortgage and ask them. Sure you can asksomeone else, guess at the address, but none of this will help youif it's not correct. Just call them or look in your payment book,or on their website.
Generally: If you signed a promissory note the family member can sue you and obtain a judgment lien. Once recorded you cannot sell or mortgage the property until the lien is paid. Your family member cannot take your home unless they recorded a mortgage in the land records that reserved the...
Typically a will must be filed -- usually in court. Whether you need to actually open a probate estate, however, depends on the size of the estate and who the heir is. For example if the estate is very small and the heir is an adult, the state may have a procedure that simplifies the process. If the...