Loans

I would contact mortgage company and send them copy of Death Certificate and see if they will hold off on foreclosure ( if it has gone that far 3-4 mos with no payments). If it is a HUD/FHA loan contact them and see what you can do. Go to www.hud.gov. and get your local HUD office number. The other solution would be to rent the house out until it sells. As long as your tenant knows you are selling and is willing to show the house when you need it...that's what I would do. I just went thru this in November 08...my dad died. He had a VA loan but luckily the house sold in 2 mos. Good luck to you.

yes, I did.

Assuming you already have a loan in your name, and assuming this loan was approved in the last 20 years or so, no. You can't change a loan from one person to another. The only way to change a loan is to get a new loan. Remember the bank needs to be sure your boyfriend is credit and income-worthy of the loan, just like they did with you. Assumable mortgages have not been around in a long time. Nowadays, loans are unassumable, meaning each time a loan is received, it must go through the process of approval with the bank. If I misunderstood you, and you were really asking can the deed have the names changed, sure. That's just a quit claim deed. However, no matter what the deed says as far as ownership is concerned, the loan will still be in your name until a new loan is received.

Yes, A-2 visa holder can apply for a mortage loan. Some lenders do it some dont, u need to check with the lenders to make sure they do mortgage on A-2 visa. Also do keep in mind to tell them that u do not have diplomatic immunity in the US. I f that is the case u cannot do a conventional loan.

Well Georgia is a Debt Deed state not a mortgage state. So if you have a debt deed to record you can do it at the clerk's office in the town , city or county where the property is located. Deeds will have to be filed there too.

1 extra mortgage payment..principal & interestcan lower your term to about 19 years.

Assuming you mean "What kind of documentation do I need to get a mortgage loan approved"; Typically, a mortgage company will want a couple of items before they'll approve a loan: 1. Proof of income, either w-2's or recent pay stubs. 2. They usually will have a minimum credit score requirement. 3. Proof that you've been at your job for a certain amount of time, or documentation to prove your business makes enough money.

The debt is transferred to your estate.

It still has to be paid, depending on the contract you signed of course, but is handled by the Executor along with any other debts you may leave.

Any creditor can make a claim on your estate but these claims may not all have the same legal standing. If there is a dispute it may need to be decided by a court of law. This should be avoided at all costs as it is expensive.

The best way to ruin a friendship is to loan them money. But if you intend to do this anyway, no matter how much you trust the friend, have papers drawn up and notarized as to the terms of the loan agreement. Otherwise, when (not "if", but when) the friend does not pay it back, you will have some legal recourse to get your money back. You don't even have to have an attorney draw up the papers, you can write the terms yourself, and both of you sign and date them, preferably in front of a notary public, so they can be notarized. Now, as to your question, the interest could be what the current rates at the banks are now, or you can give her a lower interest rate. If you have the money in a bank now, drawing interest, then you will lose that interest, which means a loss to you if you don't charge her the same amount of interest the bank is now paying you. Or you can charge a one-time fee that you both agree on. But which ever way you decide to go, have it written, signed and dated. You keep the original and give her a copy. If she gets offended that you want to do it this way, tell her it is for her protection, too. Which, of course, is the truth.

Gov't backed student loans are exempt from BKruptcy....they will come after you thru tax refunds or garnishment.

They cannot earn enough money which they can't full fill there lives properly....

In the US, each semester that you apply for financial aid and receive a stafford loan, it is considered a separate loan. SO, when you graduate your credit report will show 1-30 separate loans, depending on how many semesters you receive aid.

Once you graduate or leave school, you can consolidate them into one loan with one payment.

You always have the option of simply ceasing to make payments. Of course, at some point the bank will foreclose. If you want to keep the house but you do not want to pay the mortgage, talk to your bank and see if they can offer any alternatives.

Depends on your policy. They are all different and can have exclusions for many different reasons. Check with your agent or it should be written in your policy.

In the US, you must be attending at least 1/2 time. In most schools, this means 2 or more classes.

You should consolidate your defaulted student loans and stop the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants.

If you want help with the consolidation of your defaulted student loans, click on the link below

Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.

Mortgage rates or the interest rates for home loans are affected by a variety of factors. More often than not, they are influenced by supply and demand. A strong economy results in more borrowing which in turn results in higher interest rates. Conversely, with the softening of an economy, borrowing goes down and so does interest rates. The Federal Reserve can also influence interest rates through raising or lowering the discount rate which is the interest rate banks are charged when they borrow money from the Federal Reserve.

Read more http://www.housingnewslive.com/mortgage-rates.php

The winners are the hedge funds managers who shorted the mortgage securities, most notably John Paulson, and losers are American people.

Yes, a reverse mortgage is very similar to other mortgages in this regard. you own the home and may build or renovate accordingly. In many cases seniors take a reverse mortgage out to pay for improvements to the property. Any equity in the home is yours to keep, so if the improvements increase the value of the home you may be making a good long term investment as well, as long as the loan balance doesn't exceed the home value due to market conditions over time.

If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.

closed end is like a car loan or mortgage where you agree repayments and have a fixed end date.

open end is like a credit card ... you pay a minimium repayment each month but it could go on forever

Your head will be touching the ceiling

The 5 C's of credit sometimes used by bankers and others to determine whether a potential loan will be repaid. Character, Capital, Capacity, conditions, and collateral. These are indications of whether a loan will be repaid on time, late, or not at all. Character, quality of the individual who is responsible for repaying the loan. Capital, level of financial resources available to the person and the debt to equity ratio. Capacity, availability and sustainability of the person's cash flow to pay the loan off. Conditions, operating income and cash flows to the economy. Collateral, assets that can be pledged against the loan.