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Mortgages

Using property (e.g. normally real estate) as collateral to obtain a loan that is paid by the borrower in installments.

9,165 Questions

What is reverse equity mortgage?

A reverse equity mortgage is a financial product that allows homeowners, typically aged 55 and older, to access the equity in their homes as tax-free cash without selling the property. Unlike traditional mortgages, there are no monthly payments required. Instead, the loan is repaid when the homeowner sells the home, moves out permanently, or passes away.

This type of mortgage is designed to provide financial flexibility for retirees, helping them supplement their income, cover medical expenses, or fund their lifestyle while retaining ownership of their home. It’s a powerful tool for leveraging home equity to achieve financial stability in retirement.

What is the phone number to make a chase home mortgage payment?

There is more than one mortgage company called "Chase" on the planet.
Please re-ask your question giving an EXACT LOCATION.
For example "What is the phone number to make a chase home mortgage payment in London UK?"

What is the payment achma visb?

It appears that "payment achma visb" is not a standard term or concept in any recognized field or subject. Without additional context or information, it is difficult to provide a precise answer. If you can provide more details or clarify the question, I would be happy to try to help further.

Are home mortgages in the US callable?

In the United States, most home mortgages are not callable. A callable mortgage is a type of loan that allows the lender to demand full repayment of the outstanding balance before the scheduled end of the loan term. However, most traditional home mortgages in the US are structured as fixed-rate or adjustable-rate loans with specific terms and conditions that do not include a callable feature.

How do you pants someone without them knowing?

If this particular person lives with u take a strong thin wire or string and take a pin or needle and punch a hole in ther pants while there sleeping and put the string or wire threw there pants and tie it goood, after that loosen there belt, then when he/she wakes up sneek up behind him/she and pull the string or wire.if ther person has sweat pants or any pants that dont require belts u wont need to loosen any belt.PLZ make shore this is done in the back of the persons pants.now if its a person that doent live with u or anything i dont really know how to do that.

What is ledger selling?

"Ledger selling" does not have a standard definition in accounting, finance, or business terminology. However, it might be interpreted as a practice related to managing or utilizing financial records in a specific way. If you're referring to a niche concept or practice, it could involve:

  1. **Accounts Receivable Factoring:** Selling outstanding invoices (ledger entries) to a factoring company for immediate cash.

  2. **Data Sharing or Sale:** Selling access to financial data or ledgers for auditing, compliance, or analytics.

If this term is used in a particular context, please provide more details for a tailored explanation.

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Sample of school fee promissory note?

Oh, dude, a school fee promissory note is just a fancy way of saying, "Hey, I promise to pay my school fees on time." It's like a formal IOU to the school, saying you'll cough up the cash when they ask for it. So, it's basically a piece of paper saying, "I'll pay you back, I swear." Just make sure you actually do pay up, or you might end up with some not-so-funny consequences.

Can you refinance your third mortgage?

Honey, if you're already on your third mortgage, maybe it's time to reevaluate your financial decisions. Technically, yes, you can refinance your third mortgage if you can find a lender willing to take on that much risk. But maybe it's time to focus on paying down some debt instead of digging yourself deeper. Just a thought.

Can i sue the ex for using my credit to refinance her mortgage?

Well, honey, if your ex used your credit without permission to refinance her mortgage, then she's playing a dangerous game. You have every right to sue her for identity theft and fraud. So, get your legal ducks in a row and show her that messing with your credit is like playing with fire.

Can a mortgage holder foreclose because you quit your job if you are current on the payments?

Oh, dude, technically, yeah, a mortgage holder can foreclose if you quit your job, but like, it's not just because you decided to binge-watch Netflix instead of going to work. If you're current on your payments, they can't just kick you out for taking a personal day. But if you can't keep up with the payments because you quit your job, then yeah, they might start knocking on your door.

Which credit score is used by lenders most frequently?

Well, isn't that a happy little question! Lenders often use the FICO score, created by the Fair Isaac Corporation, to help them make decisions about loans and credit. It's like a friendly little guide that helps them understand your creditworthiness. Just remember, no matter what your score is, there are always ways to improve it and create your own beautiful financial landscape.

Where will the Five Region Fastener Association Conference 2018 be held And when?

Oh, what a delightful question! The Five Region Fastener Association Conference 2018 will be held at the beautiful Green Valley Resort in sunny Las Vegas. The conference will take place from September 12th to September 14th, allowing attendees to enjoy both the educational sessions and the lovely surroundings. It's sure to be a wonderful experience for all who attend.

What was the average cost of a home in 1963?

The average cost of a home in 1963 was around $19,300. This figure can vary depending on the location and size of the home. It's important to consider inflation when comparing historical home prices to current values.

When is an adjustable rate mortgage calculator useful to you?

An adjustable-rate mortgage (ARM) calculator is useful in several key scenarios where you’re considering an ARM and want to understand its potential costs and benefits. Here’s when it can be especially helpful:

  1. Evaluating Initial Payment Savings

ARMs typically offer lower initial interest rates than fixed-rate mortgages, which can mean lower monthly payments at the beginning. An ARM calculator helps you estimate these early payments, so you can compare this option against a fixed-rate loan and see the upfront savings.

  1. Planning for Rate Adjustments

If you want to see how future interest rate changes might affect your mortgage payments, an ARM calculator can project different scenarios. You can input various rate caps and potential increases to get a clearer picture of possible monthly payment fluctuations over the loan term.

  1. Estimating Costs Based on Loan Terms

An ARM calculator allows you to input different ARM terms (like 5/1, 7/1, or 10/1), showing how long the initial rate will last before adjustments begin. This can help you decide if a particular ARM structure aligns with how long you plan to stay in the home.

  1. Assessing Potential Savings if Rates Stay Low

If you believe rates will remain stable or decrease, an ARM calculator can show how much you could save over time compared to a fixed-rate mortgage. This is particularly useful for assessing long-term costs and potential savings.

  1. Planning for Refinancing Strategies

Many homeowners choose ARMs with the intention of refinancing before the rate adjusts. An ARM calculator lets you evaluate how much you could save in the short term and estimate the break-even point for refinancing down the road.

  1. Budgeting for Possible Rate Increases

An ARM calculator is useful for stress-testing your finances. By inputting higher rates, you can see how much your payments might increase, helping you decide if your budget can handle potential fluctuations.

Using an ARM calculator is invaluable for weighing the advantages and risks of an adjustable-rate mortgage, especially when you want a clear view of how interest rate changes could impact your payments and overall loan costs over time.

What is GE Capital?

Oh, dude, GE Capital is like the financial services unit of General Electric. It's all about lending money, managing investments, and basically doing finance stuff for the company. So, if you've ever wondered where GE gets all that sweet cash to make light bulbs and stuff, that's where it comes from.

How do you back a real estate mortgage?

The collateral for a real estate mortgage is the real estate itself. If the borrower defaults the lender can take possession of the real estate.

Can you reinstate a mortgage after it has been discharged in bankruptcy?

No, generally you cannot reinstate a mortgage after it has been discharged in bankruptcy. Once a mortgage is discharged (typically under Chapter 7), the borrower is no longer personally obligated to repay the loan. However, the lender, including Dream Home Mortgage, still retains a lien on the property, meaning foreclosure is possible if payments are not made.

In some cases, you may be able to work with the lender, like Dream Home Mortgage, to reaffirm the mortgage during bankruptcy, but this usually must be done before the discharge. After discharge, reinstatement is not possible, though negotiating a new loan or modification with the lender could be an option. Consulting with a bankruptcy attorney is advised to explore alternatives.

Does the VA look at a credit score for a home mortgage?

Yes, the VA itself does not set a minimum credit score requirement for a VA home loan, but lenders still typically consider your credit score. Each lender has its own standards, and many require a score of around 620, though some may accept lower. In addition to credit score, lenders also evaluate factors like your debt-to-income ratio and employment history.

Dream Home Mortgage is one such lender that works with VA loans and may offer options to veterans or active service members with lower credit scores, providing more flexible terms for first-time homebuyers.

What companies offer mortgages to a first time home buyer that has bad credit?

Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.

How do you get a quitclaim deed notarized if grantors live in different states?

The deed should be drafted in the state where the land lies and then sent by registered mail or commercial currier to the grantor. The grantor must sign the deed in front of witnesses and a notary and return it the same way it was sent.

If there are several grantors, the deed should be drafted on one page (or however many pages are required) and the signature/witness/notary pages should each be self-contained. That way, each grantor could keep a copy of the deed they signed for their records and just return the signature page. Once all the signature pages have been returned signed, witnessed (if necessary) and notarized, they can be attached to an original copy of the deed and the deed should be recorded immediately.

This type of complex transaction should be handled by an attorney, or, by an extremely professional and organized agent who will handle it correctly, handle the distribution of the proceeds correctly and keep copies of all the checks and receipts for costs. The mail or currier fees will add up and there will be recording fees. Any fees should be deducted from the proceeds before they are distributed. A copy of the recorded deed should be sent upon request to any of the grantors.

What happens to a mortgage after a bankruptcy?

What happens to a mortgage after bankruptcy depends on whether or not the debt is reaffirmed. If the mortgage is reaffirmed the homeowner continues to pay it as if the bankruptcy had not been filed, since the debt has not been discharged. If the debt is not reaffirmed, what happens to the mortgage depends on the policies of the individual lender.