I bought a house a couple of years ago. I don’t have much equity in it. Now my fiance and I want to buy a new home, but we won’t be able to sell my home for what is owed on the mortgage. Are there programs that let you borrow on your new mortgage to allow you to pay off previous mortgage?
Jan 222012
Nov 302011
I am trying to find alternative student loans to finish my college education. I am receiving enough money in stafford loans to cover my tuition, however I need more to cover my mortgage payment so I can continue school full time for 1 year. Every company I talk to says I can only borrow 60% [...]
I would need to get a loan of $ 30,000 per year to cover the costs of my mortgage and other bills until I graduate. Are there any loan companies that would loan this amount? Would the loan company continue to do this until I graduate?
I was answering a question about tax liens, certificates/deeds, and considering that I’ve never taken out a mortgage, it’s a little blank spot in my knowledge.
Assume that my mortgage is $ 600 / month, and that I have a bank account paying 5%. How much do I need in the bank to cover 1 years mortgage payments taking into the account the interest that will be earned over the year.
My property taxes went up just after my mortgage company made the annual tax payment to the county. They’ve since raised my monthly escrow payment by 1) the amount of the tax increase and 2) an additional 1/6 of the new escrow payment to cover the past 11 months of increased taxes as well as [...]
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