Loans

Generally, the lender will sue you in court and obtain a judgment lien. The lender can use the lien to take possession of any property you own to satisfy the debt. If the line of credit is an equity credit line mortgage, the lender can take possession of your property by foreclosure. Finally, your credit will be ruined.

Mortgagee.

Secured party.

In many states, there is a discounted refinance rates for the premium. Ask the title insurance agent who is doing the new Mortgage Policy if you qualify for a discount.

There are no discounts that I know of, on an Owner's Policy, since when a new Owner's Policy issued, it means the property and chain of title, has transferred hands.

If you don't pay the mortgage the second mortgagee can foreclose and take possession of the real estate subject to the first mortgage. Many of them do just that.

Despite all states having specific payday lending rules concerning price, duration, etc., few of them provide any guidance regarding collections processes. Accordingly, the rules are provided as follows in overriding order (i.e., the first bullet will override any of the following bullets, the second bullet will override all bullets except the first, etc.):

* If a state has collections components in their payday lending laws, those laws are used

* If a state does not have collections components in their payday lending laws but does have collections supported by their fair credit reporting laws, the state fair credit reporting laws on collections are used

* If a state doe snot have collections components in either their payday lending laws or fair credit reporting laws, the federal fair credit reporting act provides the guidance on collections

PMI is Private Mortgage Insurance. It is insurance for the lender in the event a borrower defaults on their mortgage payments. Any loan amount that is higher than 80% LTV (Loan-To-Value) requires PMI, as this is considered a "high-risk loan" for the lender.

Examples: If a home appraises for $100,000, then PMI is required on any loan amount higher than $80,000. If a home appraises for $200,000, then PMI is required on any loan amount higher than $160,000.

Exceptions to PMI: If you obtain a USDA loan or VA loan, then there will be no PMI required. Instead, there is a higher than normal "Funding Fee" included in the closing costs of the loan, but this "Funding Fee" can be financed into the loan (so you do not need to pay the "Funding Fee" up-front).

The Home Owners' Loan Corporation started in 1933, its purpose was to help homewners save thier houses through mortgage foreclosues. This program lasted for over four years.It ended in 1936.

Reverse mortgages are offered in all 50 states including Colorado. If the question refers to personal guarantee exemption, any HECM reverse mortgage qualifies regardless of location as there is no personal recourse to borrowers any any circumstance with a HECM reverse mortgage.

You can get a home equity loan with no mortgage but the process is a lot longer than the normal loan process. If you are interested in getting a home equity loan, please visit http://austinhomemortgageloan.com, we will be happy to assist you!

Yes they do

Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.

No, not as long as they didn't co-sign the mortgage. However, if the parents have died and their property is subject to a mortgage the lender will foreclose on the property if the mortgage isn't paid. If the heirs want to keep or sell the property they must keep the mortgage payments current.

Yes, Jackson Hewitt and H&R Block are providing holiday loans in 2010.

H&R Block has committed to providing the loans in early December.

Jackson Hewitt has committed to providing the loans in mid-November.

If you have a good credit history and assets to cover a potential loan as collateral, any mainstream bank will be happy to provide you with a loan.

One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.

absolutley!!! remember you are the "owner" you have absolute power do not let the morgage company try to act like they have power. when you go through another bank its called re-financing and most time that can lower you monthly payment and save you tons on your total loan terms. best of luck. prayer is power.

No. And if someone wants to give you one, run away from that dealer.

I've heard if the 2nd was used to buy the property initially then there is no recourse. If the 2nd is a line of credit taken later after the initial purchase the lender can sue you for the money.

Yes, if the individual has an outstanding credit history AND the equity in the home is still high enough to support the second mortgage.

There are certain interest rate environments that warrant refinances and the current environment, with rates as low as they have been in decades, represents one. The difference, however, vs. other low rate environments is that homes have lost a significant amount of value, putting new and even a subset of existing home equity lines of credit in jeopardy.

The easiest way is by working with a credible mortgage company; this will not only provide you with the best financial solution possible, but will also take a lot of the stress off of buying a house.

A mortgage company will look at your income and credit information, as well into the nature of the house you are looking to buy itself, to determine if you are eligible to receive any type of loans. Once this process is finalized and approved, you will forwarded the loans at the place of settlement.

Get in contact with a good mortgage company and they will help you determine the best way for you to pay off your mortgage.

believe it or not a significant amount can be saved in total when extra payments are made. remember you are paying taxes and intrest on the total amount. so if the total amount owed is even a few dollars shorter you could save thousands over the term of thirty years. i am not able to give you an exact amount because you did not post the actuall cost of your house or the amount of monthly payment or you insterest rates, but you can definetly save alot of money in the long run even with a few dollars extra each month paid twords your moragage. best of luck to you. prayer is power.

the montly mortgage payments go up or down from year to year.

Loans where the interest accrues over time and then the interest plus the principal are paid are known as "bullet" loans (derived from the theory that having to pay interest plus all of the principal at once is like taking a bullet by the borrower).