Loans

You should ask your banker or mortgage lender if you can do that. If your debt to income ratio is to high you will be declined for a loan. I know with our money we were better off paying our car loans that got us a better interest rate then putting down a down payment and having debt we would have had a bigger interest rate. Now, if your other house is paid down enough where you will still come out ahead after paying back the home equity then it probably wouldn't matter.

No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.

You dont take out a loan to get out of this you work with the creditors and tell them your situation and they will work with you. Tax time is here did you file a return, if not do so and there are places that will give you money on the spot. Also look around your house and see if there is anything you can sell that can help you out. Taking on a loan to pay off others is like stealing from Peter to pay Paul.

there are aluminum pools, steel pools if they are above ground and they also have cement in ground pools that they build in your yard.

You need good credit and/or a good income. Start by applying for Store Cards at Sears, certain clothing stores, or even a gas card and using it every month and paying your bills on time. This will build your credit rating and increase your chances of getting a loan.

about 30 days, but don't close the card just yet that will have a negative impact on your credit score.

You need to talk to the lender to see if you can get taken off the loan. The reason they required her to have a consigner was exactly for this possibility. Sometimes, a lender may allow a cosigner to be removed, but it's reasonable to say that would only be if the primary has made timely payments as agreed for a reasonable period of time and improved their credit worthiness to where the lender could feel the cosigner is no longer providing any actual needed protection. That would not seem to be the case at all here.

First of all, you signed an agreement with a fixed rate, and just because it was sold does not mean they have the right to change the mortgage agreement. If you signed a new mortgage agreement stating the new agreement then you are liable for that, but you can call your mortgage company and tell them you have a copy of the agreement you signed and, that you didn't agree to an arm. To sum it up, unless you re-signed a mortgage agreement, they DO NOT have the right to change anything just because they have baught your mortgage from your original mortgagor. Please do not let them run you over. Good luck.

I infer from the wording of your question that you wish to borrow the money for the down payment on a house other than your primary residence. This is a big no-no. It doesn't matter what bank you go to. A down payment is supposed to be the loan-seeker's financial stake in a purchase. There are supposed to be no strings -- that is, liens -- attached to it.

The company wants their money so if the primary doesnt pay then the cosigner must. Their is no way of getting around this. Bankruptcy should be outlawed. If you cant afford things dont take on the debt.

Annual percentage rate, commonly referred to as APR, is what creditors charge consumers in order to allow them to make installment payments on rather large purchases, such as cars and homes. Loan types, credit score, report, and history, can all have effects on what APR you can get for a loan. The annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate. Typically the APR is found next to the note rate. APR does NOT affect your monthly payments. Your monthly payments are a function of the interest rate and the length of the loan. APR is a very confusing number! Even mortgage bankers and brokers admit it is confusing. The APR is designed to measure the "true cost of a loan." It is supposed to create a level playing field for lender by preventing them from advertising a low rate by hiding fees. Unfortunately, different lenders calculate APRs differently! So a loan with a lower APR does not necessarily translate to a better rate. The following fees ARE generally included in the APR: * Points - both discount points and origination points * Pre-paid interest. The interest paid from the date the loan closes to the end of the month. Most mortgage companies assume 15 days of interest in their calculations. However, companies may use any number between 1 and 30! * Loan-processing fee * Underwriting fee * Document-preparation fee * Private mortgage-insurance The following fees are SOMETIMES included in the APR: * Loan-application fee * Credit life insurance (insurance that pays off the mortgage in the event of a borrowers death) The following fees are normally NOT included in the APR: * Title or abstract fee * Escrow fee * Attorney fee * Notary fee * Document preparation (charged by the closing agent) * Home-inspection fees * Recording fee * Transfer taxes * Credit report * Appraisal fee Calculating APR on adjustable and balloon loans is even more complex because future rates are unknown. The result is even more confusion about how lenders calculate APR. Do not attempt to compare a 30-year loan with a 15-year loan using their respective APRs. A 15-year loan may have a lower interest rate, but could have a higher APR, since the loan fees are amortized over a shorter period of time. Finally, many lenders do not even know what they include in their APR because they compute it using a software program. It is quite possible that the same lender with the same fees using two different software programs may arrive at two different APR values! Yup - clear as mud.

What is a Hardship?

Reduced Income or Unemployment.

Inability to work due to health reasons.

Separation or Divorce.

Medical Bills.

Business Failure.

Death of a Spouse.

Adjustment in mortgage payment or unforeseen increase in your monthly expenses.

Any other circumstance that cripples your ability to repay your mortgage.

Additional info added by hardshipletters: One thing many people don't realize is that if they've had to care for an ill relative (like your parents, children or spouse) that can be counted as hardship, as well. This often results in inability to work full-time and also in extra expenses.

Bottom line, whether you can live there will depend upon who is the legal owner and whether they want you to leave. The house should have been part of the uncle's estate and an executor would have had the deed changed to the aunt's name, as she may be the sole heir to the home under the local laws of intestacy, but often only if there were no surviving children (they might get half). On the aunt's death, her estate would have the property and distribute it in accordance with the intestate laws in her state of residence. Chances are that you wouldn't get the property without a will, but it is certainly possible, particularly if there are no children or other closer living relatives (i.e., parents, siblings, grandparents, cousins, in the order prescribed by law). In many states the deed would not necessarily be changed until the house is conveyed by sale, as probate and divorce records are part of the title. Also, if it were a community property state, then different rules would apply.

It is very difficult but if you have a good relationship with the bank they may allow you if you pay some of the debt down.

No, unless you have a high debt to income ratio.

Yes and no. It depends on the state that you live in. See an attorney.

Typically a mortgage is a loan secured by real property (land!) and collateral is personal property (jewels, bonds, valuables, etc.) used to secure a loan.

As long as your mortgage or other payment is received by the loan company within the grace period which is usually 15 days...it is paid on time and does not show a late payment on your credit report.

The co-signer will be released from the loan when it is paid off. If the loan is refinanced under the primary borrower's name and credit, then that is also when the co-signer will be free. If the lender does not remove the co-signer, or keeps reporting the payment history on their credit report, then contacting them with the proper paperwork regarding payment should make it happen.

You can claim your loan origination fee and loan discount points as interest. Essentially a loan origination or discount point are used as pre paid interest to the lender to attain a desired rate. Claim you fees as interest deductions added to your interest paid ytd from previous mortgages(on a refinance) or YTD plus origination and discount. The current deduction is relevant to home loans only, within certain qualifying guidelines. Loans secured by things other than your primary residence (like a car, boat, business, stock, etc) generally are not deductible at all. The IRS has a special qualification for when fees and points that are on a home are allowed to be deducted when paid on origination, not as otherwise required - ratably over the course of the loan. Generally, it is best to follow the paperwork you will receive from the lender specifying which fee's and points are considered a prepaid interest and may be deductible. Fees (sometimes reflected as points) like those for appraisals, credit reports, brokerage, etc., generally are not.

Yes you still owe the money. When the account is "charged off" all it means is your account was taken as a loss. They still have the lien on the title and can't repo the unit anytime they want to.

There are no pros, except for making the person you are cosigning for happy. CONS--SEVERAL, whoever you cosign for does not have to make payment and still get to keep the house, you pay they stay for free. your credit is scarred if they do not pay and it goes into forclosure, you have to make up all payments or come up with the total loan, You really need to think long and hard before co signing! There are so many programs to help people with bad credit, no credit. They can help them, do not co sign. Talk with an attorney before cosigning, no matter who it is for.

You can use USDA loans, and they work almost the same way an FHA loan does.

Its owner, the giant New York private-equity firm Cerberus Capital Management.