0
Can someone cosign a mortgage if they already have a mortgage of their own?
Wiki User
∙ 16y ago
Yes. My boss owned a home and co-signed for me. It all depends on your credit. Yes
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Where can one learn how to refinance own mortgage online?
There are many places online where a person can learn how to refinance their own mortgage. Websites such as, quickenloans, homeloans, and mortgage-calc all have info on how someone can refinance their own mortgage.
What are the negatives and positives of having someone cosign on a home loan if you have less than perfect credit?
the pros are obvious. you get to buy the house whereas you couldn't with poor credit on your own. if they are a percentage owner on the deed they would get those proportional proceeds when the house would sell. ideally you would have them on the mortgage, but not on the deed.
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.
What are the home mortgage rates in Chicago?
The home mortgage rates in Chicago vary from area to area and are dependent upon the type of home you are thinking of owning or already own. You can contact a mortgage representative to learn more about home mortgage rates in your specific area.
Can someone with a mortgage get another mortgage to buy a second house?
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.
Would cosigning a car loan hurt you for a mortgage?
It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.
Where can one learn how to refinance own mortgage online?
There are many places online where a person can learn how to refinance their own mortgage. Websites such as, quickenloans, homeloans, and mortgage-calc all have info on how someone can refinance their own mortgage.
What if im 17 and have gradauted form high school already can i go out on my own and purchase a car?
If you are buying from a dealer, you need somebody 18+ to cosign for you.
What are the negatives and positives of having someone cosign on a home loan if you have less than perfect credit?
the pros are obvious. you get to buy the house whereas you couldn't with poor credit on your own. if they are a percentage owner on the deed they would get those proportional proceeds when the house would sell. ideally you would have them on the mortgage, but not on the deed.
Is mortgage payments considered federal debt?
If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.
What are the current mortgage rates on manufactured homes in the Burnet, TX area that do not involve a land purchase We already own our land.?
5% for a fixed rate mortgage, and an introductory 3.9% for a variable rate mortgage.
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.
Where can one sell mortgage online?
Someone could sell a mortgage on many websites that are dedicated to mortgage selling. Additionally, one could do it through a bank or their own personal business.
What are the home mortgage rates in Chicago?
The home mortgage rates in Chicago vary from area to area and are dependent upon the type of home you are thinking of owning or already own. You can contact a mortgage representative to learn more about home mortgage rates in your specific area.
Can someone with a mortgage get another mortgage to buy a second house?
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.
How do you find private individual to loan money or cosign for a loan?
You'd need to ask your friends and family. No one you don't know is going to cosign for you, and a lot of people you do know may turn you down also. Answer If you need someone to cosign a loan because you cannot obtain it on your own, you should not get a loan. All you are doing, in essence, is passing on the problem to another person, who will likely end up paying for both. Improve your habits and credit history and wait until you can do this on your own.
How does a bank exit the mortgage brokerage business?
A bank exits the mortgage brokerage business by getting rid of mortgage brokers. Many banks have done this recently because they would rather have their own loan officer work with someone on a mortgage.
