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Is tithing an acceptable monthly expense when being considered for mortgage loan modification?

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Q: Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
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Are mortgage payments on an investment property an expense?

Any payments you must make from Gross Income to keep the property running are expenses. Although a mortgage is usually also called a Liability Expense, it is still an expense to run the property.


Is mortgage valid if your name is spelled incorrectly on deed and all documents?

Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.


What feasibility determines if the project is an acceptable financial risk and if the organization can afford the expense and time needed to complete the project?

organizational


What is the meaning of corporate advance on a mortgage?

A corporate advance on a mortgage is a payment for a service related expense that is owed by the borrower. These expenses may include such things as foreclosure expenses, attorney fees, and bankruptcy fees.


What is the best remortgage deals cost?

If you wish to refinance a mortgage, your best deal can often be with your existing mortgage holder or your personal bank. Costs can range from low ($200) to high (thousands of dollars). However, many mortgage companies will allow you to roll any costs into the refinanced loan amount, resulting in no out-of-pocket expense.

Related questions

Is the mortgage of a rental house considered a business expense?

yes. along with repairs to the property.


Is not making mortgage payment considered fraud?

No. fraud, in the legal sense, is to deliberately mislead in order to benefit at another's expense.


Is mortgage included in common area maintenance?

The mortgage is not included in the Common Area Maintenance. Common Area Maintenance (CAM) expense is considered the expense for taxes, insurance and maintenance and operation of the Common Areas of a property including but not limited to, shared utilities, community lighting, parking lot repairs, landscaping, etc. A mortgage is not considered an operations expense. Leases will usually specify what constitutes CAM charges reimbursable by the tenant (lessee) to the owner (lessor).


Are mortgage payments on an investment property an expense?

Any payments you must make from Gross Income to keep the property running are expenses. Although a mortgage is usually also called a Liability Expense, it is still an expense to run the property.


Can you deduct private mortgage insurance?

PMI is not a deductible expense.


Would costs incurred for advertising be considered revenue or expense?

it is considered as a deferred expense.


What is interest expense on balance sheet?

When you pay back a loan or mortgage, part of each payment is interest, the rest is principal. For the interest part you would have Interest Expense, for the principal part something like Mortgage Expense.


Are common stocks considered an expense?

Common stocks are indeed considered an expense. However, if the company from which the stock is issued is not profitable, it could be considered a liability.


Is mortgage valid if your name is spelled incorrectly on deed and all documents?

Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.


Which of these is considered a fixed expense?

insurance


Is a cellphone considered a living expense?

No


Is withdrawal considered a miscellaneous expense?

no