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Can you get a home equity loan with no mortgage?
You can get a home equity loan with no mortgage but the process is a lot longer than the normal loan process. If you are interested in getting a home equity loan, please visit http://austinhomemortgageloan.com, we will be happy to assist you!
How can I request the removal of private mortgage insurance (PMI) from my Fannie Mae loan?
To request the removal of private mortgage insurance (PMI) from your Fannie Mae loan, you typically need to have a good payment history, reach a certain amount of equity in your home, and submit a formal request to your loan servicer. This request may require an appraisal to confirm the value of your home.
What is the process for removing PMI from an FHA loan?
To remove PMI from an FHA loan, you typically need to have paid off at least 20 of the loan, and your home's value must have increased to the point where your loan-to-value ratio is 80 or less. You can request the removal of PMI from your lender once these conditions are met.
How can I request a home appraisal to remove PMI from my mortgage?
To request a home appraisal to remove PMI from your mortgage, you should contact your lender and ask them to initiate the appraisal process. The appraisal will determine the current value of your home, which is needed to show that your loan-to-value ratio is below 80, allowing you to remove the PMI.
How can I request a PMI refund on my conventional loan?
To request a PMI refund on your conventional loan, you should contact your lender and provide documentation showing that your loan-to-value ratio is below 80. This typically involves getting a new appraisal to confirm the current value of your home. Once your lender verifies this information, they can initiate the process for cancelling your PMI and issuing a refund if applicable.
Can you get a home equity loan with no mortgage?
You can get a home equity loan with no mortgage but the process is a lot longer than the normal loan process. If you are interested in getting a home equity loan, please visit http://austinhomemortgageloan.com, we will be happy to assist you!
How can I request the removal of private mortgage insurance (PMI) from my Fannie Mae loan?
To request the removal of private mortgage insurance (PMI) from your Fannie Mae loan, you typically need to have a good payment history, reach a certain amount of equity in your home, and submit a formal request to your loan servicer. This request may require an appraisal to confirm the value of your home.
What is the process for removing PMI from an FHA loan?
To remove PMI from an FHA loan, you typically need to have paid off at least 20 of the loan, and your home's value must have increased to the point where your loan-to-value ratio is 80 or less. You can request the removal of PMI from your lender once these conditions are met.
How can I request a home appraisal to remove PMI from my mortgage?
To request a home appraisal to remove PMI from your mortgage, you should contact your lender and ask them to initiate the appraisal process. The appraisal will determine the current value of your home, which is needed to show that your loan-to-value ratio is below 80, allowing you to remove the PMI.
How can I request a PMI refund on my conventional loan?
To request a PMI refund on your conventional loan, you should contact your lender and provide documentation showing that your loan-to-value ratio is below 80. This typically involves getting a new appraisal to confirm the current value of your home. Once your lender verifies this information, they can initiate the process for cancelling your PMI and issuing a refund if applicable.
How long does a loan process take?
Answer-Most finance company tell within 1 to 3 business days that loan has approved or not. The total process takes around two week from submission of loan request form.
How do you remove PMI from an FHA loan?
To remove PMI from an FHA loan, you typically need to have at least 20 equity in your home and request the removal of PMI from your lender. This can be done by submitting a written request and providing evidence of your home's current value.
What is the process for a consumer loan payoff?
The process for a consumer loan payoff involves contacting the lender to request the remaining balance, making a final payment to clear the debt, and ensuring that the loan is marked as paid in full on your credit report.
Can you refinance your 1st mortgage if you have a home equity loan?
Yes. You must either pay off the home equity loan separately or with the refinance, or you must request that your home equity lender "subordinate" your loan. This means they sign a written and recorded agreement that allows your new first mortgage to be recorded on title in place of the old one and the home equity lender agrees to state "subordinate" to the new first. Your refinance loan officer or title company can make this request for you.
Where can one find a No Income Verification Home Loan?
You can find a no income verification home loan online by using websites such as Trulia and Zillow. The process of finding a no verification home loan however is extremely difficult.
Can I get a loan against my house deed?
Yes, you can get a loan against your house deed through a process known as a home equity loan or a home equity line of credit (HELOC). This type of loan allows you to borrow money using your home as collateral.
What is the process for obtaining loan approval for a home purchase?
The process for obtaining loan approval for a home purchase involves applying for a mortgage, providing financial documents to the lender, undergoing a credit check, getting pre-approved, finding a home within your budget, and finalizing the loan with the lender.
