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What else can I help you with?
Can you claim an equity loan on chapter 7?
No
Do you pay PMI on a home equity loan?
No, private mortgage insurance (PMI) is typically not required on a home equity loan.
Do you have to have have homeowners insurance with a credit line?
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
What to do if something is stolen that you still owe on?
Notify your insurance company and file a claim. Failing this, you will pay the balance owed on the loan. The property that secured the loan, that which was stolen, only acts as security for the lender.
Do i need to have home owners insurance in order to get a home equity loan?
Yes,you do.
Can you claim an equity loan on chapter 7?
No
Do you pay PMI on a home equity loan?
No, private mortgage insurance (PMI) is typically not required on a home equity loan.
Do you have to have have homeowners insurance with a credit line?
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
Can you file bankruptcy on a home equity loan and credit cards?
Yes.
Do i need to have home owners insurance in order to get a home equity loan?
Yes,you do.
What to do if something is stolen that you still owe on?
Notify your insurance company and file a claim. Failing this, you will pay the balance owed on the loan. The property that secured the loan, that which was stolen, only acts as security for the lender.
When can FHA mortgage insurance be removed from a loan?
FHA mortgage insurance can be removed from a loan when the borrower has reached a certain amount of equity in the home, typically when the loan-to-value ratio reaches 78 or less.
Will mortgage companies aid home owners when insurance company rejects claim after sewer collapse?
NO. The mortgage company does not warranty the purchased home. However, If you have acquired equity in the home you might be able to take an additional loan (second mortgage) on the equity to effect you repairs.
Is it possible to remove FHA mortgage insurance from a loan?
Yes, it is possible to remove FHA mortgage insurance from a loan, but it typically requires refinancing the loan into a conventional mortgage once you have built enough equity in the property.
How can I get mortgage insurance removed from my loan?
To remove mortgage insurance from your loan, you typically need to reach a certain level of equity in your home, usually around 20. Once you believe you have reached this threshold, you can contact your lender to request an appraisal to confirm the value of your home. If the appraisal shows that your equity is at or above 20, you can then request to have the mortgage insurance removed from your loan.
Does anyone who owns a home have to pay equity?
Not all home owners have to pay equity but equity loans are available to all home owners. This loan can go up to a maximum of ´£60,000 this loan is provided by the government using your house's equity as insurance to pay the money back.
What are the usual terms for a home equity loan?
The usual terms for a home equity loan are that the person takes out the loan using their home as insurance against the loan not being repaid. The loan can last any number of years depending upon its size and length agreed with the loaning company.
