Loans

The total of all 1098's; If you only have one ... then that total.

The short answer is yes. The long answer is that when you co-sign a loan for another person, you agree to be responsible for that loan should they default so if they fail to pay the loan back, the creditor will expect you to shoulder the responsibility. If you fail to pay the loan back, it goes on your credit report.

Title insurance and mortgage insurance are NOT the same.

Title insurance policies are written to cover a specific tract of land and can be offered to either the mortgage lender (called a lender's policy) or the purchaser of the property (called an owner's policy) and is usually paid out of closing costs. Title insurance protects against any hidden defects in the title to the property that would not be disclosed by a search of the public records, such defects including, but not limited to, a forgery of an earlier transfer document, a missing heir of a previous owner suddenly appearing to claim an interest, or human error in indexing the records. Most mortgage lenders will require a title insurance policy and will pass the cost on the their borrower. Owner's policies are usually optional but highly recommended, as they usually require only a very low one-time payment and can prevent potential attorneys fees and other costs, in a dollar amount up to the purchase price of the property. The insurance policy will protect an insured owner for life, even after he or she moves away from the property.

Mortgage insurance policies are written to cover a specific loan solely to protect a mortgage lender. Mortgage insurance is meant to protect the lender in the case the borrower defaults and does not make his/her payments, so that the lender must foreclose. This policy is most often required when the borrower does not have enough "ownership" in the value of the house relative to the loan amount. (The typical requirement is at least 80% equity, which for a buyer translates to a 20% or higher down payment.) It allows a buyer (in the case of a loan made to purchase property) who normally would not have enough cash for a down payment, or an owner (in the case of a loan made to refinance property) who does not yet have enough equity in the home to still obtain a loan. The conventional belief of financial institutions is the less a borrower feels he has invested in the house, the more likely he is to "walk away." The mortgage insurance is meant to make up the difference in the debt-to-equity ratio. It, too, is a cost passed along to the borrower, but as part of the monthly mortgage payment. With loans insured by the Federal Housing Administration (FHA) program, an up-front mortgage insurance payment will also be required, usually about 3% of the loan amount, paid at closing. Federal law allows the insurance to be cancelled, as it is no longer deemed necessary, once the borrower gets enough equity in the property over time, as he makes payments toward the principal balance of the loan.

Endorse the check & send it to your Mortgage company. They will decide how much you get from it.

The two phrases refer to exactly the same thing. No need to worry, they have the same legal effect.

Until your car loan is paid in full. Usually around 36 months, give or take.

If you mean because you're in default and want to avoid foreclosure, it's called a "deed in lieu of foreclosure" and it's usually part of an overall agreement that hopefully also extinguishes the mortgage debt. Typically the mortgage company is not required to accept it. They drive the bus.....

1% equates to 1/100 of a number .

So 1% of the loan can be found by multiplying the amount of loan by 1/100.

And this is equivalent to dividing the loan amount by 100.

EXAMPLE : Say loan = $15,000, then 1% = 15000/100 = $150.

Absolutely - Depending on the age - it can range as long as 20 years

I am not a lawyer but any car loan I have ever signed, the following are true. The car is the collateral for the loan. The loan company a.ka.,the bank, is the owner of the car and holder of the title not you. I also make the promise that I will maintain what we call collision (accident loss) and comprehensive (theft, vandalism, weather etc. loss) which protects the bank from loss by insuring the vehicle is paid for in the event of a loss. The State mandates I carry my liability coverage. So I gather in some parts of the country this would be called full coverage.

The other important issue is because the car is in fact owned by the loan company they are listed on the insurance document as the 1rst loss payee. So if in fact you are insured the loan company will be paid first. You promised to pay the loan company x dollars when you signed the note. Nothing will relieve from paying that amound plus accrued interest. If the settlement is not enough to cover the outstanding loan balance then you owe the remainder. If you cancelled your insurance or let it lapse for non-payment then you are already in default on the loan just has if you had missed payments. Per the terms you signed the loan company can demand immediate payment for the entire outstanding balance on the loan and start whatever processes it needs to collect that money including its legal fees to collect the money. All of this will affect your future insurance rates and your credit score. In most but not all states things like credit rating, insurance performance (cancellations, non payment, length of continuous insurance etc) will affect any insurance premium or loan interest in the future. You need to be upfront with everyone, take your financial hits and move on. It will only get worse, You see a lot of this issue. The lesson here is don't by more care than you can afford and insurance payments are every bit as important as your car payment. They are not an option. Never buy a car that puts you under water. That is you owe more than the car is worth. Generally this means putting down some kind of reasonable downpayment (my personal guideline is at least 30% of the purchase price of then vehicle) , never finance a new car for more than 4 years or used car for more than 3 years unless it's a vehicle that holds value extremely well like a new Mercedes. If you the find the payments plus the insurance are exceeding your budget, time to sell it and buy something with in your budget before trouble hits. Just because someone offers you a car loan with a 1000 down and finance the rest, doesn't mean you should take it. In fact you should run. This guy cares more about his commission than your financial well being. Unlike buying a house which is usually an appreciating asset, a car is a depreciating asset or expense.

It may be nothing,it could be a few points. It all depends on the lender and loan "program". The main purpose of points is to "buy down" the interest rate. So for example a 30 year fixed rate loan with 20% down with 0 points may have an interest rate of 5%, with 1 point a rate of 4.75%, 2 points 4.5% and so on. Other loan programs (ARMS, I/Os) may vary how points and interest rate are interrelated. What it amounts to is prepaid interest on a long term loan and a way of capping your monthly payment if you can afford the up front points.

$4,918,262,770,000

2007 US Census

$100,904 (avg. principal owed) X 48,742,000 (owner occupied homes)

Note: 24,885,000 owner occupied have no mortgages

yes.

The borrower is the grantor, the lender is the grantee.

i am 65yrs + live Nevada consindering walking away from my mortgage .the house is way upside down and i connot retire and continue to make house payments. i have good credit and i am still working full time but soon working will have to end the credit i do not care what rating i but would not want a judgment put against me

Most States require you to be at least 18 years old to legally sign a contract. Even if your State allows you to enter into a contract, most lenders will ask for a co-signer.

The mortgagee clause will give the lender notice of cancellation but it will not protect the lender for actions or damages done by the insured on the policy. All property policies specifically exclude intentional acts by an insured.

Accumulating enough savings for a down payment, closing costs, moving costs and an extra cushion of emergency savings can be the most challenging aspect of buying a home. Renters who want the stability and pride of home ownership and the opportunity to build equity in a property are sometimes thwarted by the lack of cash even if they have excellent credit and a stable income. Here's why: even federally-insured FHA <a href="http://www.yahoo.com">here</a> to go to yahoo. You simply: Specify the target in the <a href=" ">. require a down payment of 3.5%. That may not sound like a lot, but on a $200,000 home, you would need $7,000 just for the down payment.

To more information here

The estate must repay the loan before assets are inherited. Otherwise, only if they cosigned.

http://www.sterlingnational.com/calc4.asp

you can look on any web site for a mortgage calculator this should help

usafhamortgage.com

or email us at usafhamortgage@gmail.com

I don't know of a phone number that you can call to see if your tax refund will be taken or partially taken for debts such as you mentioned here. The IRS is not the agency that handles this action, it is the Department of the Treasury, but a different department with the Treasury Department. If you have a debt of this type that is listed as delinquent, the odds are that funds will be taken for these debts. Also, if you have a debt of this type you will already know about it. Letters are mailed to people many times who have these debts and whether or not your refund is taken, look at it as a way to get the debt paid. Once debts are paid in full you will no longer have to worry about your refund going toward delinquent debts owed to a Government Agency.

BAC Home Loans Servicing, LP is a subsidiary of Bank of America. Visit their website for contact information or call the phone number on a statement received from BAC.

This depends on what you mean by mortgage insurance. If you are talking about products like PMI (Premium Mortgage Insurance) look on your escrow billing and it will be listed. If you are talking about a life insurance policy that would be either through credit life with your mortgage company or separately through an insurance company.

This is a deduction in your favor so you should. It will bring down your tax owed.