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What else can I help you with?
Can you demolish a house that still has a mortgage on it?
Yes, a house with a mortgage can be demolished, but the mortgage would still need to be paid off even if the house is destroyed.
Can I demolish my house and rebuild if I have a mortgage?
Yes, you can demolish your house and rebuild even if you have a mortgage, but you will need to get permission from your mortgage lender and follow their guidelines for the construction process.
Will it affect my credit if I short-sale a house that I own but do not have my name on the mortgage?
To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale. Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house). If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.
Can I change jobs before closing on a house?
It is generally recommended to avoid changing jobs before closing on a house, as it could affect your mortgage approval. Lenders prefer stable employment history to ensure you can make mortgage payments. Changing jobs could lead to delays or even denial of your mortgage application.
If you apply for a mortgage loan can you put your husbands income on the application also even if he is not applying for the loan with you?
You can use income that is at your disposal. If you will have access to your husband's income as a household income for this mortgage then yes you can. If you are separated and he will not be living in the house then the answer would be no.
Can a creditor put a lien on your mortgage over a 2000 dollar unpaid student loan?
Yes. If you owe a creditor money and you have an asset (such as a house), a creditor can put a lien against your asset for any amount, even $1.
Can you demolish a house that still has a mortgage on it?
Yes, a house with a mortgage can be demolished, but the mortgage would still need to be paid off even if the house is destroyed.
Can I demolish my house and rebuild if I have a mortgage?
Yes, you can demolish your house and rebuild even if you have a mortgage, but you will need to get permission from your mortgage lender and follow their guidelines for the construction process.
Will it affect my credit if I short-sale a house that I own but do not have my name on the mortgage?
To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale. Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house). If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.
Can you get a second mortgage with only one signer?
You need to go and see a mortgage broker. However if there is already a mortgage on the house with two signatories, it is unlikely that you will be able to get a second mortgage without the agreement of the second signatory as it will affect their primary mortgage. It will also depend on the property deed. If the land is titled to a single person, that person can obtain a mortgage. Note that a spouse is considered to be on the title even if it isn't printed there in most jurisdictions.
Is this a good time to re mortgage a house?
Now is a great time to re mortgage your house or any other mortgageable item! You also may be able to bundle your mortgages together and save even more.
Your parents died and left you property your name is on the deed but not on the mortgage is that a problem?
It is not a problem, but the mortgage will still have to be paid by the surviving co-owner even if that co-owner did not borrow or get any of the money from the mortgage, because it is a lien on the house.
Does your mortgage company have to ask or notify you when they inspect your home and charge a fee even if it's only a picture of the house?
no
How do you get fannie Mae to show your mortgage?
Even if Fannie Mae is guaranteeing your mortgage, it is most likely that the company servicing your account (the ones you send payments to) is the place for you to contact to see your mortgage information. Fannie Mae is in a sense an investment house.
Can I change jobs before closing on a house?
It is generally recommended to avoid changing jobs before closing on a house, as it could affect your mortgage approval. Lenders prefer stable employment history to ensure you can make mortgage payments. Changing jobs could lead to delays or even denial of your mortgage application.
What would happen if you lives with your mother who dies with an unpaid mortgage and your name not on the loan or deed?
Children will normally inherit their parents' property, which will include the equity in a house, even if the mortgage is not fully paid.
Can a mortgage be foreclosed if your husbands name was on the loan and he died but I am still making mortgage payments and have my name on the deed?
Generally, no, however it could be yes if: * The mortgage lender is not aware of your presence and there is no will passing the asset (house) to you as part of your late husband's estate or * The mortgage loan has a force-sale requirement in the event of the note-holder's death Even with the above conditions, you (or your legal representative) should notify the mortgage lender and let them know (1) you have lived in the home with your husband up 'til the time of his death (2) you want to continue to live in the home as you have no where else to go and (3) you want to continue to make payments and can demonstrate the ability to do so.
