The only person who can answer your question is your mortgage lender.
If you are debt free, and if the equity in your condominium will give you enough cash for a qualifying down payment, and the house you want to buy requires a mortgage that you can afford, you may be able to obtain a mortgage.
If one would go to Internet Mortgage Leads, there is a great website that lets one apply for an Internet Mortgage Lead. Just get started by calling 877-245-3237.
Yes. "People with a second mortgage who are facing foreclosure should go to bankruptcy to get rid of the unsecured second-mortgage note," she said. "They should do it as soon as they're foreclosed upon, because that's when they're at rock-bottom, not when they've started to rebuild (their finances)."
For general information on home equity refinance loans, some excellent resources are the websites Bankrate and Mortgage Calculator. For information on specific home equity refinance options available, these will vary from lender to lender so it is best to contact each bank directly or visit their websites.
They started at 2.25% in 1950 and worked their way up to 5.00% . In the 1980's the rates went as high as 20% . As you can see the mortgage rate being around 3.75% right now is really a great rate.
HAMP is Home Affordable Modification Program which was started in 2009. It's for people who have more than 31% of their gross income devoted to paying their mortgage. Home owner may be eligible to receive a discounted interest rate, mortgage principal or payments.
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There are many websites that can be researched online where a person can apply for government mortgage. Go to Quicken loan they can a person get started.
If one would go to Internet Mortgage Leads, there is a great website that lets one apply for an Internet Mortgage Lead. Just get started by calling 877-245-3237.
A type of mortgage where a second mortgage or home equity loan is taken out by a borrower at the same time the first mortgage is started or refinanced. Piggyback mortgages are frequently used to lower the loan-to-value ratio (LTV) of a first position mortgage to under 80%, thereby eliminating the need for private mortgage insurance (PMI).
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I do not recommend an interest only mortgage for a single mom.I have an interest only morgage and after four years I am where I started with my loan. It gives you a false sense of security.
Yes. "People with a second mortgage who are facing foreclosure should go to bankruptcy to get rid of the unsecured second-mortgage note," she said. "They should do it as soon as they're foreclosed upon, because that's when they're at rock-bottom, not when they've started to rebuild (their finances)."
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For general information on home equity refinance loans, some excellent resources are the websites Bankrate and Mortgage Calculator. For information on specific home equity refinance options available, these will vary from lender to lender so it is best to contact each bank directly or visit their websites.
become a junior mortgage adviser my wife started without experience 6 months ago and now earns �22000 pa plus �1300 comission per signed mortgage arrangement payed by the money lender ( bank etc) on average she signs 3-4 mortgages per month
Yes
They started at 2.25% in 1950 and worked their way up to 5.00% . In the 1980's the rates went as high as 20% . As you can see the mortgage rate being around 3.75% right now is really a great rate.