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What else can I help you with?
Can a second mortgage put a lien on a home that is not foreclosed but I owned as a primary home however since foreclosure the first mortgage was paid its full amount and the second mortgage nothing?
A second mortgage already has a lien on the home. If you don't pay the second mortgage they will foreclose and take the home. By paying off the first mortgage you just make it easier for the bank to get their money back out of the property when they sell it.
What resources are available to make obtaining a first home mortgage a little simpler?
Banks are a very good resource to obtaining a first home mortgage. They will help you from the very start but choose wisely and go to many banks ask for their deals. Don't be afraid to ask your friends and family for their mortgage rates and default insurance. Sometimes paying down a mortgage is faster and you'll gain strategies just by asking the bank. If you start now you'll be mortgage free years sooner. You'll be innovative and make life easier if you pick the right bank.
Can the first time home buyer credit be used or considered in the financing of the home such as down payment?
No, it cannot. It can make it easier to pay for a home, but will not make it easier to purchase one. :-(
Can you pay off first mortgage using home equity line of credit?
Yes. If you qualify for an amount high enough to cover the first mortgage. You should make certain it will be to your benefit.
What are the advantages of a self certified mortgage?
The advantages of a self certified mortgage are numerous. Self certified mortgages are beneficial to those who are self employed because they do not have to show a constant income. Underwriting is a quicker process making deadlines easier to make. They are available to first time buyers, which can make it easier for them to be approved.
Who do you make your Wells Fargo mortgage payment payable to?
wellsfargo home mortgage
Is it advantageous to use a home mortgage calculator?
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 figure out. Things would get done faster and more efficiently.
Why does the second mortgage holder have to approve of the first mortgage refinance?
The second mortgage holder typically needs to approve the first mortgage refinance because they hold a subordinate position to the first mortgage. Refinancing the first mortgage could impact the second mortgage holder's position, so their consent is often required to make changes to the primary loan.
How many payments on 1st mortgage until you can get a 2nd mortgage?
This is not determined by the number of payments you make, it is determined by how much equity you have in the home. If the home is worth more than the outstanding balance on the mortgage, you may be able to get a second mortgage or home equity line of credit.
How can I find out more information about home mortgage companies?
A home mortgage company is basically a bank. A mortgage is the payment you make every month on your house, you can find out more about this by consulting a loan officer in the bank.
Do i have to use an insurance payout to repair damage when i am going to sell the house and have reflected it in the price?
If you own the home free and clear then no,, you do not have to make repairs. If you still have a mortgage on the home then yes, the terms of your mortgage contract require you make the repairs regardless of whether the home is for sale or not. When there is a mortgage involved, the decision to repair or not is our of your hands. it's up to the mortgage company.
What does mortgage home improvement mean?
It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.
