admin — Sun, 05 Feb 2012 17:30:59 +0000

What happens if you default on a mortgage and they sell your house for more than you owe?

Say the band sells your house for $ 300K, and you only have $ 50K left on the mortgage. Do you get your $ 250K?

admin — Sun, 22 Jan 2012 19:12:34 +0000

I paid for 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 means to sell my home for what is owed on the mortgage. Are there programs that let you steal on your new mortgage to allow you to pay off previous mortgage?

admin — Thu, 12 Jan 2012 17:31:37 +0000

Let me be specific: I have 130,000$ cash, but am unemployed. I received this money as an inheritance. I intend to buy a house with several floors and tenants. Is a mortgage possible in my case? My intention is to at first keep payments going for the mortgage through the revenue generated by the tenants. This will give me the time to get a new job. Would a bank accept this case despite my being unemployed?

admin — Sun, 25 Dec 2011 17:27:51 +0000

I have an interest only mortgage with my mortgage lender but I would now like to let my house out.

I have been advised that if I let my house out I am obliged to let my mortgage provider know.

I don’t know what the repercussions of this would be if I did or didn’t tell them. How would they find out if I just let it out anyway? What would they do if they ever found out? If I meet their mortgage repayments they shouldn’t have a problem, should they?

Can anyone enlighten me on these matters?

admin — Tue, 20 Dec 2011 17:28:20 +0000

A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me.

admin — Sun, 04 Dec 2011 17:39:00 +0000

I’m planning to relocate, but current owe a mortgage for $ 50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be means to get a second mortgage or refinance my current home in order to pay for a new one?

admin — Thu, 01 Dec 2011 01:10:48 +0000

When you pay it off, is that called unfinancing, or what? And if you get a new mortgage later, is that called refinancing even though it’s a new mortgage? Are the terms and rates usually the same as normal refinancing?

admin — Thu, 01 Dec 2011 01:09:42 +0000

What does mortgage pre-approval mean??

I am living in an apartment and the mortgage attorney told me to go ahead and give my 60 days notice?? I already found a house.
Yes we already sign that stuff with the sellers last week .

admin — Thu, 01 Dec 2011 01:09:31 +0000

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

admin — Thu, 01 Dec 2011 01:08:56 +0000

Can some explain this to me. I’m unsure of the meaning of mortgage. Thanks in advance.