0
To qualify for a mortgage, there are several factors that the lenders will look at. First of all your credit history, available down payment, your debt repayment capacity, property value, property status and your income. They have ratios (which we call as debt service ratios) that are to be met in order to get you the mortgage. Now the fact is with so many lenders out there, the chances of getting mortgages is really varied depending on your situation. If you are a A+++ client, the banks will offer you the best rate and the best options but if your credit and history of payments is not that great, you may have to consider other lenders (called B lenders). We are mortgage professionals at Dreamlife Mortgages, look at all these aspects and hence are able to offer a customized mortgage solution plan to our clients. Weigh in your options property before you make any decision. Mortgage rate though an important factor may not be the only factor that will decide where you get your mortgage from.
What else can I help you with?
What is the amortization schedule mortgage?
Amortization schedule mortgages are mortgages in which a person makes regular payments, usually monthly, to pay off a loan or mortgage. It is used by calculating the amount of a payment that goes toward the interest and how much goes toward the actual principal. It is used for determining how much of a payment goes toward paying off the principal.
The mortgage is interest only. how is the effect to mortgage?
It is considered a term mortgage which is how mortgages were before the amortized mortgage. In a amortized mortgage a part of every payment goes to principal (the amount you owe) and a part goes toward interest (what the bank charges to loan you the money) In the beginning almost all of the payment goes toward interest but as time goes by more goes toward the principal and less toward the interest until the principal is paid off. The interest only mortgage only pays the interest so you never pay off your debt.
Can a mortgage company sue for the entire amount of a second mortgage after foreclosure even though they received money to cover the first and some of the second after the sale of the property?
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
What can you do if you have givin the deed to a house to a person who you have a contract with and has not paid you any monies toward the house as per contract you are in the state of California?
If the buyer executed a mortgage in your favor then all you need to do is foreclose on the mortgage and take possession of the property. If the money due to you from the sale is not in the form of a mortgage in your favor then you will have to take your chances suing the new owner in a court of equity for breach of contract.
What is commercial mortgage rates in office leasing?
In businesses commerical mortgage is very important and to lease an office space you would need to look at loans that are going toward that specific business.
Is it beneficial to calculate a mortgage payment for the future?
It is always beneficial to calculate a mortgage payment for the future. Being aware of financial obligations, especially one as large a a mortgage payment, whether in the present or future, is a good step toward financial security.
How can I claim the house that is in my in spouse's name that I paid for?
You can't "claim" the property. There are many cases where a person is the owner of real property by deed and a "partner" who is not on the deed pays toward the mortgage during the relationship. The partner is usually considered to be a volunteer in making the mortgage payments. That's why it's not a good idea to take responsibility for or make payments toward another person's mortgage without some written agreement.You can bring a lawsuit in a court of equity however your case may be hard to prove depending on the circumstances. You would need strong evidence, such as canceled checks for the exact amount, that you made actual mortgage payments. Your legal fees may be costly. Judges don't usually allow a person to live for "free" on another person's property and may determine that your payments should be considered rent. You should consult with an attorney who can review your situation and determine what your options are and whether you have any cause of action.
Can someone be slightly gay?
I think that would qualify him/her as being bisexual, but leaning toward heterosexual. So, yes.
In paying off a mortgage loan using level periodic payments the amount of the periodic payment that goes toward the reduction of principal increases over the life of the mortgage is it true or false?
True.
What output will a simple mortgage calculator give me?
A simple mortgage calculator will give you the amount of your monthly payment. It may also break it down in to what part is interest and what part goes toward the principal.
Why should you sue a mortgage company?
There are many reasons why you would sue your mortgage company. Each reason would be because the mortgage company wronged you in some way (for example, not putting enough of your monthly payment toward principal). If you feel you have been wronged by your mortgage company, please contact your state attorney generals office.
Why did Chief Joseph march toward Canada?
To get away from the US Army.
