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Some home owners with mortgages choose to refinance their home loans to lower their monthly payment and to manage their credit. You can also refinance in order to use some of your home's equity.

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14y ago

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How do you explain what a refi is?

Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment. Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment. Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment.


If you are on a mortgage you have to claim half of the interest by Texas law?

If you are on a mortgage you have to claim half of the interest by Texas law?


Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?

no


Your name is on the deed to a house but not on the loan are you entitled to half of equity?

Yes. If you are a joint fee owner and you didn't sign the mortgage then your half interest is free of the mortgage.


What is the criteria for getting a two and a half percent interest rate in Florida when refinancing?

In order to get a two and a half percent rate in Florida when refinancing you must apply under a FHA loan to refinance. Your income must be a certain amount and all previous payments must be current and in good standing.


Can real estate property be split and half of it sold when house is still mortgaged?

It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.


You your cousing cosigns your mortgage will he be part owner of the house you are buying?

yes, and if you and your cosigner get into a disagreement. you would have to take them to court to get them off the mortgage if they dont agree. and they could sue you for half of what your mortgage is worth. and if they win you pay them what they won and then they can be taken off. but yes they own half.


Can you pay half of your mortgage every two weeks?

Yes, you can pay half of your mortgage every two weeks, which can help you pay off your loan faster and save on interest costs in the long run.


Can mum is paying half the mortgage of her house because her husband died the other half should be paid by his son but is not will it get repossessed?

It could. Take the son to court before the mortgage co. takes mum to court.


What is the advantage of a convertible adjustable-rate mortgage?

This type of mortgage vehicle gives the borrower the benefit of a low initial rate with the option to refinance to a fixed-rate mortgage at about half the typical refinance cost.


How much does it cost to take your name off a joint mortgage?

Probably can be done for half of the remainder of mortgage cost (And a little bit extra for costs)


Do you have ownership rights to the house if you are listed on the deed but not on the mortgage?

Yes, but if your name was added to a deed after the owner granted the mortgage your interest is subject to the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure and your interest will be wiped out.If the mortgage is paid and the house is sold you will receive half of the proceeds at the time of sale.