0
Can I sell one of my rental properties and roll over the equity into one of my other rental properties of greater value to buy down the mortage on the second rental that I keep but already have a mortage on?
Wiki User
∙ 15y ago
No, you can't facilitate an exchange for property you already own.
Yes, you can accomplish this. Take the proceeds from the sale of property one and pay them towards property two. You may want to ask for a mortgage readjustment for property two.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How can a California reverse mortgage benefit residents of California?
A California reverse mortage can benefit residents of California by allowing them access to a portion of their loan equity Home owners can draw the mortage principal in a lump sum.
You want to buy a house and it has a lot of equity in it because they are only asking for half of what it is worth Can you get some of the equity and can you use some of the equity for downpayment?
i think you mean shared owneship. they are only asking for half the value as they are only intending to sell half the house. the other half they will still own. you will have no equity in the house, only what you put down as deposit for your share of the mortage. you will also need to pay rent as well as any mortage payment you make.
Can you get a reverse mortgage and get the equity you have in it out even if your house is not paid for?
Yes, as long as you use the proceeds from the reverse mortage to pay off any existing mortgages.
Can assets be greater then liabilities and owners equity?
No. Assets = Liabilities + Equity Always.
When it comes to equity what does it mean to have negative equity or be underwater?
The amount owed is greater than the car's worth
How does a foreclosure work if you have negative equity?
A foreclosure really has nothing to do with the amount of equity in a property. Banks foreclose on properties because the borrower has failed to pay on the mortgage note for 90 days or more. Most properties that are foreclosed on today usually have negative equity in them due to decreased property values.
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
How can I use my private equity to get a loan?
Private equity is money that is invested in companies that is not publicly traded on the stock exchange. It is strictly regulated and does not pertain to residential properties. Private equity is a loan from a private investor.
Can you get a first-time homebuyer credit on your home equity loan?
A home equity loan is something people take out when they have already purchased a home and already have a mortgage. It is a loan against the equity you have in your home. Therefore, since you already own your home you would not qualify for present first time home buyer programs.
The cost of external equity is greater than the cost of retained earnings because a. floatation costs on new equity b. capital gains tax on new equity c. interest expense d. risk premium?
The cost of external equity is higher because the floatation costs on new equity.
Which one is greater debt or equity?
There is not a real answer to this question. It can be either. Debt and equity sum to the total assets. Either one could be more than the other.
Why are equity earnings usually greater than cash flow generated from the investment?
true
