Is it any easier to obtain a mortgage for a 2nd home if you already own a home and it is paid off even if you and your husband are both retired?
as long as your fixed income can support the payments for the second property you will not have a problem getting a mortgage.
Can a second mortgage put a lien on a home that is not foreclosed but I owned as a primary home however since foreclosure the first mortgage was paid its full amount and the second mortgage nothing?
It is a good idea for someone to file a mortgage at a bank, especially if this bank is one that the person already has been doing business with. The reason that it is a good idea is that rates can be better for them, they can easier combine payments for their mortgage right from their bank account, as well as knowing the people that are taking care of one's mortgage such as the bank…
In recent years it has become easier to apply for a mortgage with a CCJ on your credit report. The easiest way to determine if you're eligible to apply for a mortgage is to contact a UK independent mortgage broker after you have received your credit report from a credit reporting bureau to see if you qualify.
MERS isn't "deactivated" on a loan. MERS is a servicing agent for numerous lenders and it is the actual mortgagee on a mortgage. The servicing system was devised to make mortgage discharges easier to obtain. Its involvement lasts as long as the mortgage remains unpaid. When the mortgage has been paid off then MERS will record a discharge.
The advantages of a self certified mortgage are numerous. Self certified mortgages are beneficial to those who are self employed because they do not have to show a constant income. Underwriting is a quicker process making deadlines easier to make. They are available to first time buyers, which can make it easier for them to be approved.
What can you do if your mortgage company requires a reaffirmation agreement for a loan modification but your lawyer said it was not needed so you did not do one?
If your mortgage company requires a reaffirmation agreement but you did not do it based on the advice of your lawyer, talk to the mortgage company and explain to them why you didn't do it. The lawyer should contact them for you and explain that these documents are not needed. In some cases it can be easier just to sign the reaffirmation agreement as the mortgage company is requesting.
On the mortgage documents is a list of the interest payments for each year. If they are by month, you add them up. You get the year's interest payments. When you fill out your income tax forms, you put mortgage interest in the proper blank. Then you follow directions. If you use a computer program, it is even easier.
genius guy,i think its a good idea to get homeowners insurance. If you own the house outright, then no it is not required but if you have a mortgage, then the institution that made the loan most likely does require it. They already have laid out the monies for the real estate they do not pay to insure it also. You can add your taxes and insurance into an escrow account the will include those…
A mortgage loan can be set up at several different locations either online or at a local tax office. When looking to set up a mortgage loan it is a good idea to look around due to the fact that some businesses have easier setups than others and in order for a person to get the easiest setup comparison browsing may help.
A wraparound mortgage arrangement is being used in certain areas to make selling a home easier. The seller doesn't pay off their mortgage as part of the transaction. They keep paying it. The buyer takes the property subject to the mortgage. The seller takes back a mortgage from the buyer based on the difference between the selling price and the balance owed on the first mortgage. That type of transaction is not legal in every…
Can you buy private mortgage insurance directly from an insurance company vs. going through the mortgage co.?
That depends on the lagnuages that you already know. For example, if you already have a reasonable knowledge of Russian, the answer might well be Polish. For most native speakers of English with a knowledge of French or Spanish (and no other foreign language) German is generally regarded as the easier of the two.
The husband of your mother's first cousin, once removed, is not related to you as you do not share a common ancestor. In some cases, your mother's first cousin once removed is your second cousin. so you would refer to the husband as "my second cousin's husband." In other cases, your mother's first cousin, once removed, is your first cousin, twice removed. It might be easier to refer to that husband as "my gransmother's first…
The advantages of a 30 year mortgage interest rate are that you have a fixed repayment amount each month over the life of the loan making it easier to budget. With wages gradually increasing each year "during good economic times" the proportion of your wages going towards repayments gradually decreases.
The first and most essential step in a lot of regards is to identify and evaluate all your possible options. Find a reputable mortgage company that can help be your guide and advise you on which financial option is best suited for you based off your income and several other factors. From there, it will be much easier to settle on a mortgage option and then you can go through the qualification process. This is…