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Home Equity and Refinancing
Home equity is the ownership value accumulated in a property. A refi involves restructuring a debt, usually to take advantage of lower interest rates.
11,531 Questions
What are the types of equity?
Asked by Wiki User
There are many of them, but two of them are mutual funds, and fidelity investments
Can a wife go to jail for sign her husband signature for credit card loan without his permission?
Asked by Wiki User
Yes, it is fraud, stealing, and stealing a identity. A jail or prison term could result.
Can you contest a will if property is tenants in common?
Asked by Wiki User
Can I as a tenant in common contest my late husbands will? I signed a transfer of property form stating that we were joint owners but it was never explained to me at any point that I was signing a 'tenants in common' agreement. I have lived in the property with my husband for 19 years and have invested thousands of pounds of my money on renovations. Now it transpires that I actually only own 40% of the property in a tenants in common agreement.
Can i withdrawl my 401k while in chapter 13 bankruptcy in Louisiana?
Asked by Wiki User
Bankruptcy is a federal procedure in a federal court. What state you are in is irrelevant except for exemptions. Your 401(k) balance is exempt by federal law, but once you withdraw money from it, that money is no longer exempt, and the trustee will want it to be applied to your plan. If you withdraw it and fail to disclose that to the trustee, you may find your bankruptcy in serious trouble. Don't do it.
Is it normal when buying a house to pay up front a year taxes and insurance?
Asked by Wiki User
No, typically if insurance and taxes are required in the loan by the lender they are part of the monthly bill.
However, if you purchased property is a distressed sales (forclosure/short sale) and the current owner is delinquent on taxes those have to be paid before the county will register your deed of trust.
Paying for insurance in advance sounds fishy to me, have you spoken with your agent?
What percentage of income can be used for rental property when refinancing your home per fannie Mae?
Asked by Wiki User
Where does a corporation gets it equity from?
Asked by Wiki User
From stockholder's equity which is the money the corporation's stockholders invest.
Why do businesses or individuals that are considering giving you credit look at your debt-to-income ratio?
Asked by Wiki User
They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.
They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.
They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.
They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.
How do interest rate influence economic activity?
Asked by Wiki User
I dont know search it in another website
What documents are required for home loan application in India?
Asked by GayatriSubramanian
To avail a home loan from an Indian Bank you will have to submit your personal, financial and bank account details along with ID,Age,Address proofs.
Does the spouse have to sign the mortgage in PA-Hubby is the one on the mortgage but bank states wife has interest in property so she must sign. Does that mean she has to be a co-applicant?
Asked by Wiki User
Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.
The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.
Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.
The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.
Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.
The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.
Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.
The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.
What describes an adjustable rate mortgage?
Asked by Wiki User
It is subject t changes in interest rates
Can a equity loan get audited for predatory lender?
Asked by Wiki User
If you feel you are a victim of predatory lending then by all means it should get audited
What if your home is destroyed and you have a reverse mortgage who pays the real estate tax?
Asked by Wiki User
You do.
You do.
You do.
You do.
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
Asked by Wiki User
no
How many house payments do you have to be behind for a trustee sale?
Asked by Wiki User
A trustee sale is a public auction at which a piece of real estate is sold. Trustee sales are held when people default on their mortgages and the lenders take possession of the property, and they are also held when people fail to pay their property taxes and the taxing authority takes the property. Such sales are usually listed in the newspaper so that members of the public are aware of the fact that property is available for sale.
In the case of mortgaged properties, when someone mortgages a property, part of the agreement involves a clause which allows the lender to foreclose on the property if the borrower does not pay. When property is foreclosed, a person is appointed to act as a trustee to handle the repossession of the property and the sale at auction. The purpose of the trustee sale is to collect the balance of the loan. Tax auctions are held for similar reasons.
What if you signed mortgage but not promissory note?
Asked by Wiki User
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
