Mortgages

No they don't now go away

If a husband and wife buy a house together and the wife's name is not put on the deed until the second mortgage, yes, the deed is still shared after the second mortgage is paid off.

Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.

The symbol for Nuveen Mortgage Opportunity Term Fund in the NYSE is: JLS.

Principal, interest, tax, and insurance

Probably not. It may be possible if you qualify for any FHA loan. Your credit score isn't horrible, but your income is very low. You would have to have a very large down payment to offset the cost of the house. The bank needs to know that you'll be able to make your payments.

Ownership of the home. Until the mortgage is paid, the lender retains a financial interest in the home.

In Ohio, signing a quick claim deed to land and a house when your name is on the loan will still make you legally responsible for the loan.

In Ohio, if you sign a quick claim deed to land and a house when your name is still on the mortgage loan, you will still be responsible to the bank.

110,082.80

A reverse mortgage is a home loan taken out by a senior home owner that requires no loan payments for as long as the borrower remains living in the house.

The mortgage clause for JP Chase Bank offers mortgage name and address listed as loss payee under the mortgagee clause.

Nuveen Mortgage Opportunity Term Fund (JLS)had its IPO in 2009.

As of July 2014, the market cap for INVESCO MORTGAGE CAPITAL INC (IVR) is $2,124,528,083.92.

It would you in a better financial position if you were to pay back all of your debt.

The Adjustable-rate mortgage(ARM) rate is determined by interest rate, adjustment period, index rate, the margin,discount, prepayment, and many other factors.

If you short sale a house you don't have to wait any specific amount of time to purchase a dwelling. It does mean that the interest rate on the new mortgage could be higher than normal, or it may be more difficult to purchase a new dwelling due to the poor credit score resulting from the previous short sale.

A toll-free phone number for One Reverse Mortgage is 888-786-8654.

The par rate (the actual rater for a particular loan) for a 30-year fixed loan is 3.41 percent.

Yes, in some cases. It depends on where you are in the process, and what else is going on. If you can find any loophole in the wording of the contract, you can withdraw at or before closing. In one case I heard of, a seller backed out because he wanted a cash payment and he refused to accept a cashier's check as an equivalent. But if the loan has cleared and the buyer's name is recorded, it officially belongs to the buyer, and realistically, if that was something you wanted to do, you shouldn't have accepted the buyer's offer in the first place. Buyers put money into the process, getting a home inspection, etc., and pulling out at the last minute is kind of a mean thing to do.

You would not be able to sell the home without the owner knowing, but unless your mortagage includes a clause forbidding it, you could rent the home to another party.

Reverse mortgage is a loan given to homeowners aged 62 years and above to help them convert part of the equity in their home into cash and you can get it only if you own a home.

That's the appraiser's job. The appraiser comes out, looks at the house to see if there are any obvious problems (like, "missing roof" really lowers the value), then gets recent sale prices for "comparable" homes, and uses all that to come up with an estimate of what the current market value is.

If they foreclose, then they don't really care what the value is. They know what the loan was, and they put it up at auction. As long as they get at least that, they're happy. If they get less, then it's still a debt the former homeowner owes them. If they get more, they're supposed to give the surplus to the former homeowner, but in practice, there won't be a surplus.