If "problems" means would the home be in jeopardy if a creditor sues and wins a judgment, it is possible. How the property is titled and state homestead laws determine what action a judgment creditor can take against a debtor's home not the mortgage agreement. For example, a home that is held jointly by a married couple as Tenancy By The Entirety is not subject to creditor action when only one spouse is the debtor.
It sounds like you are not on the mortgage with your husband on your previous home. If he is foreclosed on, and you are only on the deed, then you have no financial liability. If you are buying a new home and you are on the mortgage with your husband, you won't be able to get a mortgage because you are on the verge of foreclosing Be careful when buying a home while separated however. Depending on what state you live your husband may be entitled to half the equity in your new home in the event of a divorce. Its called community property Here is a list of community property states: http://www.bankapedia.com/mortgage-encyclopedia/residential-mortgage-terms/121-community-property
A good way to get a cheap home mortgage is by buying a home that is small. The larger the house, the more the mortgage will cost. The mortgage depends on the size of the house.
The Mortgage Works website offers mortgage advice and tips to people who are buying their first home. They also have worksheets and calculators for people to see what expenses they need to cover when buying a home.
If you are financing it then yes you can use a mortgage calculator. You can find a free one if you go to www.bankrate.com.
they will take the home away
no but it can help you figure out how much you would pay and how much you can afford.
your husband will be liable only if his name appears on the loan or mortgage documents as a co-guarantor of the loan
A sub prime mortgage is a type of mortgage in which you are paying a lower prime rate for the home you are buying. You could seek financial information from an attorney or financial rep.
Again it depends on the type of house planed on moving to, if it is larger home the mortgage is generally going to be higher. Buying a home for around 300,000$ monthly mortgage is going to be around 1,658$.
A sub prime mortgage is a mortgage that would be right for you if you are looking to pay a lower prime rate for your payment after buying your new home.
Buying a town home for the first time can be an enjoyable experience. Great companies you can look into for rates on your mortgage are Wells Fargo, Wachovia and Bank of America.
Buying a home is a great investment and can rattle your nerves a bit. There are plenty of websites allowing you to compare mortgage rates with different companies. The most useful site is www.bankrate.com.
mortgage payment are more expensive. -apex
If your still buying the house and you still owe the mortgage company then Yes. It is a part of your mortgage contract. Failure to comply with the terms of your mortgage contract will put you in default on your mortgage and subject you home to foreclosure. It has nothing to do with whether you filed a bankruptcy or not, it's a totally separate issue.
You can purchase a home with your husband and elderly parents by visiting a bank or mortgage broker. The bank or brokers office can help you fill out the paperwork to purchase a home.
The best place to find information about buying a home would be to consult with a professional financial adviser. They will be able to fill you in on all the confusing legal aspects of buying a house and what you need to do in order to obtain a mortgage.
You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.
Mortgage loans and home equity loans are two different types of loans you can take out on your home. A first mortgage is the original loan that you take out to purchase your home. Second mortgage means cover a part of buying of your home or to cash out some of the equity of your home. It is important to understand the differences between a mortgage and a home equity loan before you decide which loan you should use. Both types of loans have the same tax benefit since you can deduct the interest on each.
Buying a home is a huge investment and wanting to keep tabs on the latest mortgage rates is wise. A website that I find current and reliable is mortgage news daily dot com.
Some people could be priced out of buying a home.
It will have no affect on the mortgage as long as the lending terms are met by the primary borrower.
A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.
was the mortgage paid with checks or cash? look at bank statements, receipts, contact mortgage company for verification on such status.
as long as your fixed income can support the payments for the second property you will not have a problem getting a mortgage.
Yes. And if he does he will become equally responsible for paying the mortgage if the primary mortgagor defaults on their mortgage payments. The bank will go after him for 100% of the debt.