Home Equity and Refinancing

If they have a bill of sale providing proof of ownership, the answer is yes they can purchase insurance on the mobilehome. If there is some kind of contention that they do not legally own the home, it may require more proof to satisfy the company.

you should always be able to pay more on the principle if you have any FHA loan. Escrow you most likely would have to call the individual lender and have them add more to the acct should be okay. Might have to call the tax department.

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easiest way is to call your lender and ask if your not sure

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any more questions feel free to reach out to usafhamortgage@gmail.com

Before repaying the borrowed home equity, you should make a proper plan. Firstly, review final amount you have to pay before the end of your draw period. Planning should be done at least a year before the exact repayment date. Start accumulating the money to repay from different income sources you have. The home equity has a flexibility, you can pay off anytime in between your draw cycle, the home equity line of credit.

One more important thing to add is if you are not able to repay the amount in time then you should contact the Bank or NBFC to allow you to qualify for a change in your interest rate and terms that can give you some relaxation. If you have taken home loan from Banks like IDBI, Axis or NBFC like Bajaj Finserv then you can request them to reduce your interest rate. Who knows you will get some help.

I believe your question is: Can you get a loan if you already own a home? The answer to your question is YES! You can still obtain a home loan even if you currently own a house. The key is that you will still have to qualify for the loan. That means that you have to show proof of income for the past to years, you have to have good credit history, savings, and 2 years of tax returns. Chances are that you will have to put 10-20% down on your second property, this is because banks believe that by lending you money on a second home/property they are assuming a bigger risk, so they make you invest a higher percentage upfront. I hope this answer helps.

If you have more questions please call me at:

Shira Crawford

Realty World

Monterey, California

(949)232-3232

Yes, as long as she and the property meet the lenders requirements. You should speak with several lenders paying close attention to fees, upfront payments and how quickly the amount owed will increase every year.

She can but will need your approval. You will need to approve the loan as well.

The first note belongs to the mortgage lender and the second to HUD. By doing this, other loan companies are prevented from attaching a 2nd lien to the home, because the secondary lien position is occupied by HUD. Visit the related link for more reverse mortgage information.

A furnished apartment is warmer than an unfurnished apartment since a furnished apartment has more furniture, etc, and the more items a house has, the warmer it is.

Not necessarily. Estate real estate is like any other - based on location, location, location, condition, etc. Unless the sale is a distress for some reason. If there is an executor or administrator, or trustee, all of them have fiduciary obligations to the estate to get the best price possible.

The "hanging habagat" is also known as the southwest monsoon. This natural phenomenon gets its start during the summer months in the northern hemisphere, when the Asiatic continent becomes warmer than the surrounding seas.

As a result, a low-pressure area develops over the continent. This happens when a large mass of air rises, causing low pressure in the area the mass left empty and inducing air from over the ocean to flow towards the continent.

The winds, rushing toward the low-pressure area, carry heat and water vapor which, when passing across the Philippines, becomes the prevailing winds in the country.

It may stick to styrofoam because dish soap mixed with tempera paint it sticks to glass.

If you put gasoline in my ferrari would you own half of it?

Unfortunately NO! One of the main reasons being how would you prove your paying towards the mortgage? and not just paying him rent?

Government agency whose primary purpose is to insure residential mortgage loans, as well as to improve housing conditions. The FHA was created by the National Housing Act of 1934, after the Great Depression.

FHA mortgages are more flexible than other loans, which benefits borrowers, and are appealing to lenders as well because there is less risk due to the insurance provided by the FHA.

If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.

Generally, but there are limitations and qualifications.

See the related article for more details.

The purpose of acts in plays is to break up the storyline into segments or sections. Each act typically represents a different part of the plot, allowing for transitions between scenes, changes in setting or time, and building suspense or tension throughout the performance. Acts help structure the play and provide the audience with natural breaks to digest the story.

You will add money to the principal in your first payment. It will be a small amount, but that is when you start. Your statement should show how much the bank puts toward principal and how much goes toward interest. Over time, more money will be applied to the principal. You can also make an extra payment or payments during the year; you just have to specify that you want it applied to the principal when you make your extra payment. You should see how to do this on your statement. It's been said that even if you make just one extra payment per year, you can pay your mortgage off eight years early.

Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.

Yes

A Broker's License is required in each state where the business is conducted.

For the 2009 tax year amount. The maximum amount you can claim for the credit is $1,000 for each qualifying child.

The rules for the 2010 tax year will NOT available until the end of the year 2010. for all of the rules go to the IRS gov website and use the search box for Publication 17 go to chapter 34 Child Tax Credit

That will depend on the separation agreement. Or it will be specified in the divorce agreement.

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