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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 much does used home cost in the 1970's?
I looked at a house in 1969 that was several years old and the selling price was 13,000. That seemed like a lot of money at the time. Housing prices vary from area to area and state to state. Depending on where the house is located the price can be higher or lower. So, it is hard to tell you prices of houses because they vary so much.
Can a bank call the home loan because you rented the home?
Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.
Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.
Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.
Possibly. You need to carefully read your mortgage documents to determine if there is a clause that the property must remain owner occupied.
Can you change from a FHA loan to a conventional loan?
It's possible to refinance from an FHA loan to a conventional home loan, but the underwriting guidelines are different. For example, FHA allows a higher loan to value, and a lower credit score to qualify for a mortgage. See: http://www.loandepot.com/LoanOptions/FHA.aspx
What would monthly payment be on a 82000 pound mortgage over 30 years?
how much would a 82000 mortgage be over 20 yeras
How do you use an equity release calculator?
If you are going to take out equity from your house, it's always good to pre-evaluate your property. You will get an idea on how much income you can gain from the house. therightequityrelease.co.uk makes you available with equity release calculator on their website. They will ask you a few simple and personal questions to feed on the calculator. You may be asked:
A) your name or names, if couple
B) age or youngest age, if couple
C) Current value of your property
D) Any outstanding mortgage
Once these questions are fed into calculator, an approximate value of equity on your house is generated.
What is degrimming in car wash?
Removing accumulated or long ingained dirt, sooth or filth on car paints
When do you pay capital gain tax on house you sold?
In Canada you pay the capital gains only on investment properties that are sold and it's paid with your income taxes (so you may have a income tax balance due when you file your taxes, for the year the property was sold).
Why is it not smart to refinance a home mortgage?
Refinancing may or may not be a smart move but it depends on several key factors (like your current mortgage rate and how long you plan to stay in your home).
PRO:
If your current mortgage is at a very high rate or if you have a variable rate mortgage that could go up, refinancing could be a smart move. Interest rates can't go much lower than 3-4% so many home owners might benefit if you are paying more than 6%, for example.
PRO: Over 15-30 years, this savings can amount to tens of thousands of dollars -- a huge advantage IF you plan on staying in the home over a long term (maybe a minimum of 5 years, but preferably 7-10 years or more).
CON: Refinancing can be expensive after you factor in appraisal costs, application fees, title fees, and the closing costs. You may need to pay an extra monthly payment while they close one loan + escrow account and start the next.
If you plan to move within the next few years, the added closing costs and fees may exceed the long-term interest you could save.
CON: If your life is already hectic, refinancing can add an unnecessary burden.
Bank of America has taken more than 4 months to close a refinance loan and they repeatedly keep asking for additional information occasionally asking for the same information twice since it is taking them so long. They are very backed up due to the number of people refinancing and have assigned 4 different agents to work my application due to a branch closing and their backlog.
Some people will say that it helps to deduct mortgage interest from our income tax return but that's a dumb reason not to refinance at a lower rate. You only save a small portion (20-30%) of the interest that you deduct.
If your ex-husband has an interest in the property then he must sign the deed. You need to review your divorce decree to determine if there are any provisions that would affect the sale of the property.
If your ex-husband has an interest in the property then he must sign the deed. You need to review your divorce decree to determine if there are any provisions that would affect the sale of the property.
If your ex-husband has an interest in the property then he must sign the deed. You need to review your divorce decree to determine if there are any provisions that would affect the sale of the property.
If your ex-husband has an interest in the property then he must sign the deed. You need to review your divorce decree to determine if there are any provisions that would affect the sale of the property.
OMG i tried that but im not sure sorry tell me if u find out im curioys
A second mortgage
What is half and full duplex modem?
half duplex modem is each station can transmit and receive but not at the same time.
full duplex modem is both stations can transmit and receive simultaneously.
Can heirs make payments to keep the home of a reverse mortgage?
Yes. They can pay off the mortgage within a certain time period set by the lender.
Yes. They can pay off the mortgage within a certain time period set by the lender.
Yes. They can pay off the mortgage within a certain time period set by the lender.
Yes. They can pay off the mortgage within a certain time period set by the lender.
Can you refinance a first mortgage without paying off an existing home equity line of credit?
Typically you can refinance the a Primary Mortgage without refinancing the second line of credit or equity loan. It will require a subordinaion agreement by the lien holder of the line of credit. They will require several documents from new Primary Mortgage Holder to be. They will need things like a copy of the appraisal, application for the loan etc... They will most likely require a payment to process the agreement usually around 100-200 dollars. The subordination agreement usually takes about 2 weeks to complete with most lenders. Loan to Value will be a concern for this.
In Florida if your parents are refinancing would your spouse need to sign the mortgage?
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
What is the average size for a typical home window?
the height should be somewhere around 3 1/2 ft. and the length would be around 2 1/2 - 3ft
Does a husband have rights to a home if his name is not on the deed?
removing husband from home when name is not on the deed?
Can a spouse take a home equity loan in one spouse's name?
A mortgage must be signed by all the owners of the property because if the mortgage isn't paid the lender must be able to take possession of the property by foreclosure. If only one person signed the lender can only take that person's interest and not the interest of the co-owner who didn't sign the mortgage.
A mortgage must be signed by all the owners of the property because if the mortgage isn't paid the lender must be able to take possession of the property by foreclosure. If only one person signed the lender can only take that person's interest and not the interest of the co-owner who didn't sign the mortgage.
A mortgage must be signed by all the owners of the property because if the mortgage isn't paid the lender must be able to take possession of the property by foreclosure. If only one person signed the lender can only take that person's interest and not the interest of the co-owner who didn't sign the mortgage.
A mortgage must be signed by all the owners of the property because if the mortgage isn't paid the lender must be able to take possession of the property by foreclosure. If only one person signed the lender can only take that person's interest and not the interest of the co-owner who didn't sign the mortgage.
Who owns the home with a reverse mortgage?
With a reverse mortgage, the seniors (the original home owners) still owns the house. They retain full ownership, and no one can kick them out. The debt, aka the loan, is paid off - but only once the homeowners move out of the house, or if both of them die. For more information about reverse mortgage loans, visit
http://www.aboutreversemortgages.com
Housing loan is actually different from mortgage loan. It is a loan that is taken to purchase or construct a house. It may appear the same, but mortgage loan includes loan that is granted again security of a property.
It is money borrowed from a licensed money lender or a financial institution primarily a bank. This consist an adjustable or fixed interest rate and payment terms.
What is the cost to discharge a mortgage?
Generally, if you recently paid off a loan, the lender has already charged you the service fees to obtain, draft and/or record the release/discharge of mortgage.
On the other hand, if you are dealing with a missing mortgage discharge that has been paid off years ago (perhaps it's not even your mortgage, but remains on title for a prior owner) than you need to get a independ servicer to research your request.
