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Can your daughter and son-in-law and you all be on the same home loan?
Wiki User
∙ 8y ago
Certainly. As far as the mortgage company is concerned, the more responsible parties the merrier.
However, be very careful if you are acting as a co-signer and your name is not on the deed. In that case your are completely responsible but have no legal rights.
I would consult with an attorney to be sure you completely understand what you are signing.
Wiki User
∙ 8y ago
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Can you have both a home equity and a home improvement loan at the same time?
Yes, it is possible to have both a home equity and home improvement loan at the same time. The home equity loan will typically be guaranteed by the value of the property and the home improvement loan will typically be an unsecured personal loan. Ideally, one would use the home equity loan (or line of credit) for home improvement activities in order to write off a portion of the interest paid from their taxes (unsecured personal loans do not get the same tax treatment).
What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
Are home equity loan rates the same as mortgage rates?
Home Equity loans are similar to Mortgages with a slight difference. The Home Equity loan is offered at a higher rate of interest than the normal mortgage ones because it is basically a refinance of the current loan.
Can your daughter and son in law and you all be on the same home loan?
Yes as long as you are careful!!
Can you have both a home equity and a home improvement loan at the same time?
Yes, it is possible to have both a home equity and home improvement loan at the same time. The home equity loan will typically be guaranteed by the value of the property and the home improvement loan will typically be an unsecured personal loan. Ideally, one would use the home equity loan (or line of credit) for home improvement activities in order to write off a portion of the interest paid from their taxes (unsecured personal loans do not get the same tax treatment).
What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
Can you have home and educational loan at same time?
Yes. They are separate lending industries. But what debts you have can prevent you from getting a loan.
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
Are home equity loan rates the same as mortgage rates?
Home Equity loans are similar to Mortgages with a slight difference. The Home Equity loan is offered at a higher rate of interest than the normal mortgage ones because it is basically a refinance of the current loan.
What happens if a guarantor dies and the loan is defaulted upon?
I was wondering the same thing. My father was the loan guarantor of my daughter's college loan, and he passed away a couple of years ago. Letters are still being mailed to an address where he never lived.
When living at home with mom can she insure a car for herself and daughter?
If the daughter lives in the same household, they should be able to share policies.
Can you use profit from sale of house to pay off home equity loan on same house?
You sure can.
Do the terms buying and owning a home mean the same thing when applying for credit?
No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.
Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.
