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Are you responsible for the difference of equity on an upside down mortgage?
Yes, you are responsible for the loan amount (you signed the papers for the loan)
Can you refinance your home use some equity as a down payment for a second home and take out a mortgage loan for the second home for the remaining balance?
Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.
What is the singular possessive of equity?
The possessive form of the singular noun equity is equity's.
What is net new equity?
net new equity is given by the formula; new equity-old equity- addition to retained earnings
What is the equity multiplier if a company has a debt equity ratio of 1.40 return assets is 8.7 persent and total equty is 520000?
The equity multiplier = debt to equity +1. Therefore, if the debt to equity ratio is 1.40, the equity multiplier is 2.40.
Are you responsible for the difference of equity on an upside down mortgage?
Yes, you are responsible for the loan amount (you signed the papers for the loan)
Can you trade if you are upside down?
An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.
Will lender approve loan if 1st mortgage is upside down?
No; there needs to be equity in your property before you can borrow additional money.
What is in a mortgage contract that releases the mortgagee from the contract if the property value decreases to negative equity?
There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.
How do I figure the amount of equity in my home?
To calculate the equity value you must know the current market price of your home and the remaining debt owed. Subtract the debt owed from the current market price to obtain the equity value of your home. This number may be negative, meaning you are "upside-down," owing more money than the home is worth.
Can you refinance your home use some equity as a down payment for a second home and take out a mortgage loan for the second home for the remaining balance?
Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.Yes. Of course it depends on several factors:Do you have any equity in your home- enough for bank to hand cash over to you in these times of diminishing equity, reduced home values and upside down mortgages.Are you a good credit risk- is your income high enough and stable enough to guarantee payment of both mortgages.You should speak with several local banks.
Difference between equity and owner's equity?
EQUITY:- Equity is the term in which liability is introducedOwner Equity :- Owner Equity is the term in which liabilty and owner capital is introduce...it is some time called Equities....
Is it wise to get a home equity loan to buy a new car?
Answer No. Home equity loans are revolving credit lines. In simple terms, that means you could pay on that for three years and not even touch the principal. I wouldn't do it. Maybe rolling it into a consolidation loan if you have enough equity in your home, but not a HELOC. Answer No. You want to avoid "institutionalizing" your debt. In other words, you don't want to spend 15 years on an equity loan paying for a car that you might only have 5-6 years. It really depends on your personal situation. If you have lots of equity in a house, and the monthly payments aren't too much, and you expect that the house will continue to appreciate etc. then MAYBE. But what if interest rates rise (equity loans are usually directly tied to the fed rate), or the housing bubble bursts - then you are stuck with those payments forever. Upside is that the equity loan is tax deductible, car loan is not. Do the math!
What is net equity?
net new equity is given by the formula; new equity-old equity- addition to retained earnings
What is the singular possessive of equity?
The possessive form of the singular noun equity is equity's.
What is net new equity?
net new equity is given by the formula; new equity-old equity- addition to retained earnings
How do you spell upside down?
Main Entry: backward Part of Speech: adverb Definition: Toward the back. Synonyms: about, around, back, rearwardMain Entry: back Part of Speech: adverb Definition: In or toward a former location or condition. Synonyms: about, around, backward, rearward, round If you mean going backwards like a car, "reverse" is the word you are looking for.
