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What else can I help you with?
Should I pay off my HELOC or mortgage first in order to save the most money in the long run?
Paying off your mortgage first is typically more beneficial in the long run as it eliminates a larger debt with higher interest rates compared to a HELOC. This can save you more money over time by reducing the total interest paid.
What should a first time home buyer look for in a mortgage loan?
The most important thing that a first time home buyer should look for in a mortgage loan is that it works for the person who is getting the loan. It's always smart to ensure that it's a reasonable amount and time, in order to fully pay off the mortgage when planned.
Where should one go for a mortgage loan?
One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
What is needed to qualify for a mortgage loan?
In order to qualify for a mortgage loan, one needs an annual income - this is normally approximately five times the amount of money which they are seeking to borrow.
What is a purchase money first mortgage?
A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.
Should I pay off my HELOC or mortgage first in order to save the most money in the long run?
Paying off your mortgage first is typically more beneficial in the long run as it eliminates a larger debt with higher interest rates compared to a HELOC. This can save you more money over time by reducing the total interest paid.
In what order should I pay off my mortgage, car loans and credit card debt?
Basic needs should be met first. Mortgages, rent and utilities should be paid first. Creditors want to get their money and would be willing to work with you. Ignoring creditors is never a wise decision.
What should a first time home buyer look for in a mortgage loan?
The most important thing that a first time home buyer should look for in a mortgage loan is that it works for the person who is getting the loan. It's always smart to ensure that it's a reasonable amount and time, in order to fully pay off the mortgage when planned.
Where should one go for a mortgage loan?
One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.
WHAT is a stand alone second mortgage and what happens to it when a home goes to foreclosure?
A stand alone second mortgage is another loan that is taken out against your home when the first loan is still in order. If your home goes to foreclosure, you will still owe this money as well.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
What is needed to qualify for a mortgage loan?
In order to qualify for a mortgage loan, one needs an annual income - this is normally approximately five times the amount of money which they are seeking to borrow.
After chapter 7 bankruptcy second mortgage was reaffirmed but not first mortgage if there is a foreclosure who gets their money?
In a foreclosure, creditors are paid in the order of their liens. A first motgage is paid first. Anything left over goes to the second, and if there is still anything left of proceeds, it goes to the third or to the debtor. Taxes and other municipal liens are paid before anything else.
Are there any websites to learn about mortgage financing?
Yes, there are many websites that you can go to in order to learn more about mortgage financing. You can start with the msn money section and there would be links to that topic.
What are the advantages and disadvantages of 100 percent financing however having a first mortgage and subfinancing in order to get 100 financing?
The advantage to having a first and second mortgage equalling 100% financing is that you would not have to pay PMI, which would be required on a first mortgage at 100%. The second mortgage is subordinate financing, meaning it is in the second lien position on the house, and therefore does not affect the first mortgage lender's ability to persue the subject property in the event of a default on the loan. The thing to consider is that when you do this on a purchase, your first AND second mortgage lender will qualify you at the cumulative mortgage payment.
Who should I make the money order out to in order to pay for my passport?
You should make the money order out to the U.S. Department of State to pay for your passport.
