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What can happen if you pay your first mortgage but not your home equity when selling your home?
You do not have the option of not paying off the home equity mortgage when you sell your home. The buyer's attorney has the legal obligation of clearing any liens on the property prior to the buyer taking title. Any unpaid mortgages will be paid from the proceeds of the sale before the net proceeds are paid over to you. If you owe more than the selling price that will impact the sale and must be resolved before the sale can take place.
What does a equity release plan refer to?
An equity release plan enables one with a mortgage to take cash from the equity of one's property. Before choosing this type of plan, one should understand both the short and long-term consequences to one's equity and overall financial worth.
Is it advisable to take an equity loan out on your home if it is paid off?
There are many reasons that people take out equity loans such as remodeling or bill consolidation. For reasons such as this then it is advisable to take an equity loan out.
How does a person qualify for a second mortgage?
If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.
Do you take the license plate when selling a car?
Yes, when selling a car, it is important to remove the license plate before transferring ownership to the new owner.
What do you need to take out of a laptop if you are selling it?
To sell a laptop, you will need to erase everything on the hard drive before selling it. There are hard drive erasers available which are free of charge.
Can anyone take out a private equity loan?
Yes. Good credit will help. You also need equity.
What are the advantages and disadvantages for AMSC to forgo their debt financing and take on equity financing?
What are the advantages and disadvantages for AMSC to forgo their debt financing and take on equity financing?
Is the loan you take to buy the business considered a liability and equity?
The loan is considered a liability - The value of the company is the equity.
Can you take out a home equity loan if you have a prepayment penalty if you sell your home before two years after you purchase it?
Yes, as long as there is equity to use. The lender that will do the home equity loan will have figured the prepayment penalty into the 1st mortgage balance just in case you do sell your home before 2 yrs. are up. The lender will ask for specific paperwork including your mortgage (promissory note) so they will know about the prepayment penalty.
How long does biaxin take before symptoms of strep are gone?
It will usually take a couple of days.
What are the qualifications for a home equity loan?
The typical qualifications to take out a home equity loan are, you must have sufficient equity or collateral in your property, this is the difference in what your mortgage balance and home value's is.
