Home Equity and Refinancing

You must discuss that matter with your lender.

In short, yes. Any note is negotiable if the note holder feels it is in their best interest for some reason. For all practical purposes, can you just call up your lender and ask for a lower rate or payment? No. Real Estate loans are very serious and governed my countless laws with numerous agencies overseeing those who make them. With that being said, if you can demonstrate to a lender that you have serious, long term financial hardship, that you have done as much as you can to help yourself, and that they are in danger of suffering a loss greater than the downside they will experience by negotiating your loan...then you may have some luck. Remember that lenders must account for losses in interest and principal balances. So although you may feel that they have no reason to say no to you, they might have a very good reason: it costs them real money on their balance sheets.

Equity refers to the ownership value in an asset or company, calculated as the difference between the total assets and total liabilities. In a business context, it represents shareholders' stake in the company, often expressed in terms of shares. In real estate, equity refers to the portion of property owned outright, excluding any mortgages or liens. Overall, equity signifies an individual's or entity's claim on assets after all debts have been settled.

in order for the bank to remove your personal property from your home the foreclosure must have taken place and you must being legally evicted first.

Patroit mortgage and NL loan servicing are SCAMS! I had the pleasure of dealing with them! They wii take your money! OR they will Demand payment before they SCREW you! I had the chance to work or got played! the person I was contacted by was DREW STEVENS if that was he real NAME! Started out we can help you. but got it in the BUTT BAD! to make a long story short my house went up for sale on 4-28-11! THEY will not return my calls or Emails or faxes! So what does that mean! Would a good company act like that! I have been trying to get my money back but they will not answer the phones, Take my advice STAY AWAY!

From beginning to end mine took two weeks. But I'm sure it varies widely depending on the needs of the individual and the mortgage company

Yes, as of June 1, 2012, under Obama's revised HAMP program.

In theory, an auto lease is the same as renting an apartment or anything else for that matter. If you stop paying the lease payments and return the car, you may have to pay a penalty, but you have not defaulted on a "loan." However, banks and other financial institutions may not see it that way when considering a loan applicant. They may consider the lease obligation as a "debt" and the payments as a monthly obligation. It will depend on the particular institution.

As long as your tax preparer is familiar with the tax codes in both states you should be OK. For federal it is all the same anyway. If you are really concerned about it the base where your hubby is stationed should have someone on staff to help you. Good luck and Thank you and your hubby for your service to our country and our way of life. The taste of freedom is sweet, the protected never know.

Owner financing a home is a term that refers to the act wherein a person who wishes to buy a home contacts his/her bank to apply for a home loan (mortgate loan) in order to fund his purchase. The bank may finance around 80-90% of the home value (depending on the bank and country) and the owner would have to arrange funds for the remaining amount himself in order to buy the house.

If the foreclosure hasn't been recorded then look for the name of the lender on the notices that were sent to you.

If the foreclosure has taken place, you can also visit the land records office in your jurisdiction, look for your name in the grantor index and look for the recently recorded foreclosure deed. The staff will assist you. The name of the foreclosing lender will appear as a party to the foreclosure deed.

Yes - if you have enough income in order to meet the monthly loan repayment amount.

Ex: If your monthly income is Rs. 50,000/- and you are asking for a loan of Rs. 20 lacs which would work out to an EMI of around Rs. 20,000/- you will be able to get the loan all by yourself without a co-applicant.

A co-applicant is included in cases where the loan applicant does not have enough income to meet the monthly EMI payments himself and the addition of the co-applicants income boosts his loan eligibility and also the chances of him getting the loan.

The homeowner/lender should have certain items available to the appraiser either when the property is inspected or prior to inspection. This will speed the process along smoothly. The appraiser needs a copy of the deed, or sales contract, a survey, and a copy of a recent tax bill. Please be sure to point out any recent improvements to the property. If you are aware of any recent sales in the area, that may be of help and be sure to point this out as well. The appraiser may or may not use all of the data that you supply, but you can be sure that the appraiser will appreciate your efforts and will consider them in the appraisal process.

no you cant. you need proof of income. you can have your boss make you pay stubs and they might accept those

It depends on the dosage.

Yes. On your schedule A you can include your dental bills as medical expenses.

An increase in mortgage interest rates

Individual trusts act in several capacities including executor, administrator, trustee, guardian, conservator, custodian, and conservator in lunacy

A trust company is primarily involved in establishing trusts, mechanisms under which the company manages assets for the benefit of a third party

Special reports are limited to specific businesses or companies and are provided under contract. These reports are more extensive than the general reports and contain background as well as general information.

The applications are reviewed and approved by a local committee that is composed of three people, at least two of which must be farmers. The money for the loans and grants made by the administration come from appropriations from Congress

Though they are self-employed, some brokers act as agents, working only for a single lender. Such agents and brokers usually operate on 100 percent commission, but may also receive health benefits or application fees

A borrower who moves to another house may take this loan with him without paying additional points. In the event that a borrower needs additional money, they are added to the loan at the prevailing rates,

Lenders, buffeted by interest rate risk, looked to shift the risk to the borrower. In exchange, they offered borrowers a lower initial rate