Yes, you own the house
A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.
Sure, as long as your credit is good and you make enough/have enough assets to qualify for the mortgage. Again, the legalities that apply in one state, may not apply in another state. It will be wise to check it out first.
Yes.And I would recommend leaving your spouse's name and ssn off of any paperwork
Home equity loan rates are based largely on the credit rating of the person applying for the loan. Although one may be able to find out the average rate in a particular state at any time, that does not mean that the loan rate will apply for everyone that wants a loan in that state.
Yes. If you are married and your spouse has bad credit, you inherit that bad credit and depending on the state, you can inherit half the debt if you divorce. * No, debts incurred before marriage do not affect a new spouse's credit report even in CP states. Problems could arise however, if the couple apply for a joint line of credit such as a mortgage.
A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.
Sure, as long as your credit is good and you make enough/have enough assets to qualify for the mortgage. Again, the legalities that apply in one state, may not apply in another state. It will be wise to check it out first.
You need to apply at www.corp.ca.gov You also need to apply with www.dre.cahwnet.gov
Yes.And I would recommend leaving your spouse's name and ssn off of any paperwork
Home equity loan rates are based largely on the credit rating of the person applying for the loan. Although one may be able to find out the average rate in a particular state at any time, that does not mean that the loan rate will apply for everyone that wants a loan in that state.
The average mortgage rate is different for each state. Mortgage rates also vary based on the length of the mortgage and the person's credit score that is applying for the mortgage. To estimate the average mortgage rate for your state you could visit mortgagecalculator.org.
Yes. If you are married and your spouse has bad credit, you inherit that bad credit and depending on the state, you can inherit half the debt if you divorce. * No, debts incurred before marriage do not affect a new spouse's credit report even in CP states. Problems could arise however, if the couple apply for a joint line of credit such as a mortgage.
Yes, a reverse mortgage does not have credit requirements. you can use one to pay your way out of a bankruptcy, or one right after a bankruptcy. However, the bankruptcy court does have to approve the reverse mortgage if you are in the process of doing one or still paying on one.
You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.
Mortgage refinance companies include Freddie Mac, Pacific Credit Union, Federal Credit Union, Affinity Credit Union, Amegy Bank and Hartwick State Bank.
Home equity mortgage companies must register and the brokers licensed by the New York State Department of Financial Services. A list of all brokers and companies is available from the DFS website.
Generally, a reverse mortgage is based on owned equity in the real property.Your state or other locale laws and your bank can answer your particular question more precisely, depending on the location of the co-op and your relationship to owned equity in the property.