tumblr page counter

How does a family mortgage work for their kids?

 Mortgage  2 Responses »
Jan 252012
 

Is it possible for a parent of a married couple to take a loan or a mortgage from a parent for, lets say $ 300k or so?
Is this possible? How does the interest rate work? Is it determined by the lender (the parents)?
Would this be a good thing for both the kids and the parents?

Anyone can shed some light will be appreciated!

 Posted by  Tagged with: , , , , , , , , ,

How do I calculate mortgage payments when buying a home from a family member?

 Mortgage  3 Responses »
Dec 162011
 

We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it [...]

 Posted by  Tagged with: , , , , , , , , , , , , , , , , ,

How do I calculate mortgage payments when buying a home from a family member?

 Mortgage  3 Responses »
Dec 152011
 

We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it [...]

 Posted by  Tagged with: , , , , , , , , , , , , , , , , ,

How do you sell a house when a family member is the lender and your mortgage is not paid off?

 Mortgage  5 Responses »
Nov 302011
 

My husband and I are buying a house from my father. He will be the mortgage lender on a 30 year loan. We are happy with this arrangement, but what happens if we decide to sell the house before the 30 years is up?

 Posted by  Tagged with: , , , , , , , , , , , , ,

Reverse mortgage – how quickly do family members have to leave the house after the owner dies?

 Mortgage  4 Responses »
Nov 302011
 

My grandfather has a reverse mortgage on his home. One of my aunts lives with him as his caregiver. He’s in the hospital now and may not survive. We’re all wondering how quickly she would have to move/we would have to clear the house of belongings. No one in the family intends on refinancing or [...]

 Posted by  Tagged with: , , , , , , , , , , , , , , , , , ,

Is it possible to get a mortgage for a single family investment home under the credit of a corporation or LLC?

 Mortgage  9 Responses »
Nov 302011
 

Is it possible to get a mortgage for a single family investment home (non owner occupied) under the credit of a corporation, LLC or Trust alone..If so what are the requirements and what lenders do this? Thanks!

 Posted by  Tagged with: , , , , , , , , , , , , ,
© 2011 Mortgage and Loan Suffusion theme by Sayontan Sinha
Home Of The Greek Gods - Cancun House - Amazonas Apartments - Villas In Hvar Croatia - Buy Flats In Dubai