0
What else can I help you with?
How do you cash check from homeowner insurance claim that includes mortgage company?
Endorse the check & send it to your Mortgage company. They will decide how much you get from it.
How much would E and O insurance be per month for a mortgage company?
It may start 1% per month for a mortgage company
What is the purpose of second mortgage calculator?
A second mortgage calculator is a tool used to help borrowers determine how much they may be able to borrow for their second home loan. It helps them estimate the loan payments and other associated costs, allowing them to better plan for their financial future.
What are the benefits of using a 2nd mortgage calculator?
A second mortgage is when, already having a mortgage, you take out a second loan/mortgage secured on the property. This is possible if you have positive equity. A second mortgage calculator will give some indication about how much might be able to be borrowed without having to actually approach a money lender and give them your personal details.
Do you have to have to pay the second mortgage if the house is sell for less than the whole amount?
Yes. You have to pay the second mortgage regardless of how much your home sells for. You borrowed the money, you pay it back.
Can you file chapter 13 bankruptcy keep your house but get rid of a second mortgage?
It depends on whether the second mortgage attaches to any equity in the property. If the house is worth as much or more than the first mortgage balance, you may well be able to.
The house you were renting is going to a forclosure because the owner did not pay the mo rtgage company?
a mortgage is a secured loan - that means if the owner cannot or will not make his mortgage payments, the mortgage company can seize the house. if the mortgage company seizes the house, any leases are voided meaning tenants are not protected and are pretty much at the mortgage company's mercy. generally speaking, they still have to be provided adequate notice (30 days or 60 days is the usual amount depending on jurisdiction).
Where is the best place to get a bridge loan on your mortgage?
There are several places to get a bridge loan on your mortgage. Any bank or mortgage company will sell you a bridge loan, but remember they always have a much higher rate of interest.
How can you find more information about a second home mortgage loan?
A second mortgage is a home-secured loan taken out while the original, or first, mortgage is still being repaid. Here’s what you need to know: Definition: A second mortgage is a lien taken out against a property that already has a home loan on it. Unlike other types of loans, such as auto loans or student loans, you can use the money from your second mortgage for almost anything. Second mortgages also offer interest rates that are much lower than credit cards. Home Equity: Your home equity determines how much money you can get when you take out a second mortgage. It’s the portion of your home that you’ve paid off. Calculating your home equity is relatively easy: subtract the amount you’ve paid toward the principal balance of your home from the total amount you borrowed. For example, if you bought a home worth $200,000 and you’ve paid off $60,000 (including your down payment), you have $60,000 worth of equity in your home. Uses: Homeowners might use a second mortgage to finance large purchases like college expenses, a new vehicle, or even a down payment on a second home. Alternatives: Consider other financing alternatives, such as a personal loan or cash-out refinance, which could be better choices depending on your specific needs.
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 would one apply for 2nd home mortgages?
Application for a second mortgage is much the same as for the first. The primary difference is that with the application for a second mortgage, most major incentive plans such as the Home Affordable Refinance Package (HARP) are not available.
How does a commercial mortgage company differ from other mortgage companies?
Commercial mortgage companies differ from other mortgage companies because they lend a much smaller percentage of the market value and they allow you to lease the buildings in multi parts, for example the shop space and the flats above
