0
If you purchased a house 6 months ago for 145K with a loan amount of 130K could you now get a 2nd mortgage on it?
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
When should one refinance their mortgage?
One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.
Where can one find information if he should refinance his mortgage?
One can use a refinancing calculator website to work out if one can save money by refinancing ones mortgage. Bank rate is a useful website that shows refinancing the mortgage doesn't reduce the payments, what it does is restructure the repayments. For example, instead of paying å£400 a month, one could pay å£300 a month for six months but then it will increase to over the original amount after six months.
How much interest is added on to a mortgage loan?
There is no one way to determine how much interest will be added to a mortgage loan without knowing the specifics of the loan. The amount of interest could be as low as 2.7% or 5% or more. The bank, type of mortgage and credit history can all play a part in the interest rate.
Where can one find a free simple mortgage calculator?
There are a variety of places that one could find a free simple mortgage calculator. A free simple mortgage calculator can be found at HSH to compare rates of mortgage and to find the calculation of mortgage costs.
Where could one get help with mortgage terminology?
One could get help with mortgage terminology in a number of different places. For example, one could request help at their local bank. They could also stop in at a real estate agency. Help with mortgage terminology would be available at government offices and insurance agencies, as well.
When should one refinance their mortgage?
One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.
You had a rental property that went into foreclosure and you could no longer keep the property insured the property burned down and the city is sueing for the demolition mortgage co insured?
the mortgage co purchased insurance on the property in the amount of $65,000.00 the amount owed on the loan was $55,000.00 The house was set on fire and burned beyond repair now the city is sueing me for the demolition. Do I have any rights in regards to this matter?
What is the term that means limiting the the amount of goods that could be purchased?
Yasmeen
What is the term that means limiting the amount of good that could be purchased?
Yasmeen
Where can one find information if he should refinance his mortgage?
One can use a refinancing calculator website to work out if one can save money by refinancing ones mortgage. Bank rate is a useful website that shows refinancing the mortgage doesn't reduce the payments, what it does is restructure the repayments. For example, instead of paying å£400 a month, one could pay å£300 a month for six months but then it will increase to over the original amount after six months.
What car can you buy for 15000?
There are literally thousands of cars that could be purchased for around that amount.
How is a reverse mortgage satisfied?
When the person making the mortgage dies, the property goes to the lender. Alternatively, you could pay off the amount loaned (plus fees) under the mortgage and get the property back. Hope that helps!Check here for more details:http://www.talkrefinance.com/explain-reverse-mortgage
What are some expert tips regarding how to lower your mortgage?
There are many tips that one could give in order to lower one's mortgage payment. The best way that one could lower one's mortgage payment could be to refinance the mortgage.
How do I refinance a home?
You could go to a bank and pick up a mortgage. But remember that you always have to pay back the amount you picked up, including Taxes.
How much interest is added on to a mortgage loan?
There is no one way to determine how much interest will be added to a mortgage loan without knowing the specifics of the loan. The amount of interest could be as low as 2.7% or 5% or more. The bank, type of mortgage and credit history can all play a part in the interest rate.
Where can one sell mortgage online?
Someone could sell a mortgage on many websites that are dedicated to mortgage selling. Additionally, one could do it through a bank or their own personal business.
Can you claim mortgage interest with quit claim deed if you are not on the mortgage?
You must be making the payments to claim the interest. However, if you are not on the mortgage there could be an issue.
