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According to the US Census about 70 percent of homes have a mortgage and 30 percent do not.
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Answer It is better to use a mortgage broker when purchasing a home. Banks do not require that their loan officers become licenced, they can be tellers one day a…nd loan officers the next. It is like going to a super store when using a mortgage broker, they have so many different options to give you that you will be sure to find one that is the right fit for what you are looking for in a loan. But, when you use a bank you are limited to what that bank can offer as far as loan options, and they tend to give you a higher interest rate, because they don't have a lot of options.
Traditional Mortgages are no longer callable. A variety of protection acts by the Federal Government have change mortgage terms.
The lender will have specific appraisers that they approve and usually the appraisal must be done within 30 days of the loan. That keeps the appraisal current and also avoids …conflict of interest between the real estate company (larger loan equals larger commission) and the lender (they don't want to lend more than the home is worth).
Yes it can, however there may be stipulations to your reverse mortgage contract that would either allow or disallow the pledge of the home. Another factor is the c…urrent market value of the home and the banks willingness to sell or to reassign the note on the reverse mortgage. Jake's Bail Bonds has experience with reverse mortgaged homes and can assist (depending on your circumstances) with most reverse mortgaged homes used for a bail bond. Jake's Bail Bonds (408) 269-0009 office www.BAILBYJAKE.com Jacob Peters - Jake Peters Owner / Agent CA Bail Agent 1843427 * Loved one in jail? Call Jake Now!
in short talk all after tax money add together use one third its safe .
Around 44.4 million This answer is derived from information provided at http://www.chron.com/disp/story.mpl/business/realestate/5985260.html The article claims that … a) there are 4,000,000 mortgages considered to be "at risk" b) this represents 9% of the mortages in the U.S. A quick calculations shows that there are 44,444,444 mortgages Obviously this is a very rough estimate
Unlikely. however, if I was your bnk manager and I had just read this question, I would be very reluctant to lend you money.
$4,918,262,770,000 2007 US Census $100,904 (avg. principal owed) X 48,742,000 (owner occupied homes) Note: 24,885,000 owner occupied have no mortgages
Yes and No. No you don't need a licensed contractor if you are only doing minor repairs like painting a room or putting in new carpet you don't need a licensed contractor to m…ake the repairs.
Yes, in very limited circumstances. If the land is completely paid for and has other permanent improvements, it may qualify. I've seen a 10 acre horse training facility in a r…esort area qualify. Though the mobile home was treated as if it did not exist for appraisal purposes, there was enough value in the guest cottage, barns and outbuildings to issue the reverse mortgage, it took an extremely capable mortgage broker to make it happen.
U.S. Bank home mortgage interest rates vary on a case by case basis. The factors may be your individual credit score, current income, employment status, Federal home mortgage …interest rates, etc.
mortgage rates are only affected by the government if they are a tracker mortgage. tracker mortgage can be a good option if you get lucky and the national banks flat lending r…ate falls
A home mortgage calculator would definitely be a very advantageous thing to use, as it would make things a lot easier. The calculations would be less difficult for you to figu…re out. Things would get done faster and more efficiently.
The value of a HOME, that has no mortgage has the same Real Estate market value as one which does have a MTG. The value is assessed by the market conditions at any given time.… The most recent 30-90 day sold properties in the same subdivision with similar qualities would provide a current value to all the homes and not just those that are free and clear of a Mtg. An appraiser would give the same Real Estate value to a home with or without a Mortgage attached.
Some of the things a person would need to qualify for a US Bank home mortgage would be a good income and a good credit rating. Some of the other things that may be needed wou…ld be job stability as well as having lived in the same place for quite a while.
The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for …the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.
Some home buyers benefit from using a home mortgage broker because the broker is able to access many different sources of home loans. This is especially advantageous for the p…rospective buyer who is wise enough to shop for a broker who is able to fund the loan at closing and then sell the loan later.