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Is mortgage better than a loan?

A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.


Can you get a home equity loan on your rental property?

If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.


Can you transfer the lien from your home equity loan to another property you own?

No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.


Can you get a home equity loan after you are divorced but still on the mortgage?

If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.


Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.

Related Questions

Is mortgage better than a loan?

A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.


Does a cosigner own the property if he pays off the original loan?

The cosigner of the loan owns 1/2 of the property if they are on the title.


Can you get a home equity loan on your rental property?

If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.


Can you transfer the lien from your home equity loan to another property you own?

No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.


Can you apply for a mortgage on property you have no title to?

No. You would have no standing to pledge property you don't own to obtain a loan.


Can you get a home equity loan after you are divorced but still on the mortgage?

If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.


Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


I am looking for a loan to put my 1981 Singlewide Bellmore on my property. Can you help?

I own a property that we could use some money out of how do I do this?


Can you own a property and get a VA loan if property fully paid?

Yes, you can still obtain a VA loan even if you own a property that is fully paid off. However, the VA loan benefits, such as the ability to borrow with no down payment, are generally intended for primary residences. If you're looking to finance a new home while owning another property, you'll need to ensure that the new property qualifies as your primary residence to take advantage of VA loan benefits. Additionally, your entitlement may be affected by your existing property.


Should both names be on the property title if you co sign a loan?

If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.


Is FHA mortgage owner occupied?

If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.


Whose responsibility is it when a tree falls on your property?

Nobody is liable for an act of nature. It does not matter who owned the tree. If a tree falls on your house just call your insurance company. If it just fell in your yard and did not damage your property you just have to get it removed yourself. If it's partially on your property and partially on the property of another, then each property owner is responsible for removing that part on their own property.