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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.
5,740 Questions
How do you find out who holds the mortgage on a house?
Unless you are one of the people or agencies allowed to know that you can't.
If you are a person or agency that is allowed to know that you know how to find out.
If you have a legal claim against the property or owner you r lawyer will be able to access that information.
Which companies offer home equity loans for people with bad credit?
People with bad credit may still be able to quality for home equity loans with a few companies. Quicken Loans, TruStone Financial, and Downs Inc all have programs to lend to those with bad credit.
What type of home buyer credit is available to members of the military?
Members of the military have a $6500 credit thanks to the workers, homeownership and business assistance act of 2009. The member must live at the home at least 5 consecutive years out of 8.
Most companies will have policies on how data should be stored, special attention should be paid to protect confidentiality of personal data. There are now many data protection laws in place, which need to be followed.
Can one obtain home equity loans even with a bad credit?
It is possible to obtain a home equity even if one has bad credit. The process will be more difficult than if one had good credit. One needs to consider how long one plans to live in a home before even considering a home equity loan.
How can one turn home equity into income?
There are many ways to free up money from assets and equity release is one such an option. This turns the value of the property into cash by effectively releasing it from the price of the house and renting it back from the lender. To do this there are a number of important things to consider and it is always best to seek the advice of a professional financial advisor and to go through the correct channels and make sure the company providing this solution is fully registered and trustworthy.
How does paid off home affect your property taxes?
Generally, property tax is not determined based on a mortgage. If you owe a mortgage on your home or if it is paid in full, the property taxes will be the same. The difference for you is that you will need to track and pay the taxes yourself, instead of letting the mortgage company pay the taxes from your escrow account.
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What is the best heloc rate possible?
Heloc stands for Home Equity Line of Credit . The best heloc rate possible depends on the financial history of the individual applying for the program.
How does one get a loan against a property?
The first step to getting a loan against property would be to find the Banking Institution that you would like to use for the loan. A person would need to have a job with a salary in order to apply for the loan. Then they would have to have all of the documentation necessary to submit to the bank for the loan including proof of income, financial statements, income tax returns and proof of identity.
What are the advantages of a home equity loan from a bank over a home equity line of credit?
One Advantage of a Home Equity Loan Is That You Get the Money in One Lump Sump and Pay of a Set Monthly Amount Over a Period of Time. This Allows You to Accurately Budget for the Payment Each Month.
Where can you find information on home equity lines?
Finding pertinent information on home equity lines can be tough, but not impossible. Very good resources for rates and eligibility include Bankrate, Lending Tree, and the government's Federal Trade Commission site.
What organizations helped to guarantee home loans?
Getting an FHA Loan will do it. FHA has just a few conditions, like it has to be your primary residence, you have to live there and promise not to sell for a minimum number of years, etc. But an FHA loan will serve you well. They're easier to quallify for, mortgage companies like working with them. They have a wonderful support system in place. You can get in a house with less down on an FHA loan, and should bad times arise and your forced to leave your home, the PMI (personal mortgage insurance you had to get will satisfy the lenders and they won't come looking to get it from you. PMI is added to loans that aren't seem as strong as the lender would like, so you'll pay about $100 more per month until you have about a 78% ratio value of the loan vs equity, then you can drop it if you like.
What private corporations create money?
Private banks, financial institutions and other private financial organisations can only increase circulation, they can never create money because they can no longer add a credit without accounting for a debit as they did for centuries under the goldsmith theory of banking. Today only the Fed can credit without debiting and they can only do so under the authorization of Congress who give them that authorization in big blocks such as the $2 trillion authorized 2008 to early 2009 to support the shaky banking system.
Though they are many times the formal activator of the process, the Treasury cannot create money either because they can neither debit nor credit anybody's
account. They can only request (by check) such debiting and crediting just as you and I do.
But that is old theory. This crisis has taught us that the Treasury can, under Congressional authority, print treasuries, give them to bankrupt banks, and all without debiting or crediting anyone's
bank deposit. Since it adds to a bank's net equity balance, that is creation of money.
treasury bonds
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Where can someone find a comparison of home equity loan rates between major financial institutions?
To find a comparison of home equity loan rates between major financial institutions you can try lendingtree website. They offer every rate for almost every financial institution.
Can you use your previous rental payments to pay towrad a down payment on a mortgage?
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
Do you need home owners insurnace after you pay off your mortgage?
You don't HAVE to cover your property with homeowners insurance once your home has not mortgage but you could lose everything if you had a fire or if someone was injured on your property. Some HOA's require some type of insurance on every property regardless of mortgage. Its not a wise decision to drop coverage.
The question asks 'What is sole selling agent. - it relates to one individual or group and no other. That is the sole selling agent
Can a spouse get a home equity loan without the other spouse's signature?
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
