 Bankruptcy question,,, please help? |
| I have gotton myself into a financial bind and i feel like I am drowning. I have decided to claim bankruptcy so that I can start over and have piece of mind. I was wondering if anyone knew a good ... |
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 I live off of $1300 a month for all expenses for a family of four What do you live off of? |
| I live off of $1300 a month for all expenses for a family of four. What do you live off of? Half of that is rent. I just graduated with a Bachelors Degree I think I'm getting killed. How do I ... |
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 How much do you spend a month... breakdown? |
we did this thing in careers
and it had a breakdown on what average people spend on what they spend it on in a month
it was like
rent
utilities
car payment
... |
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 Should we loan money to my mother-in-law? |
| Let me start off by saying that I love my mother in law and she is a wonderful and good person. She does have a history of making poor financial decisions. She filed for bankrupcy last year, but ... |
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 We have been accepted for a loan from welcome finance for £2000. today we recieved a letter from them asking? |
| for proof of address for my husband, so we faxed it through to them this morning. does anyone know how much longer it should take for the money to get into the bank account from today, and has anyone ... |
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 After all expenditures I have $250 left every month. Is that enough for a teenager? |
| Hi I get a total of $832 of disability $$$, but I spend some on rent and some on gas for the car, and the car insurance is paid for. Is $250 a month enough for a teenager?... |
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 Is the loan I applied for a scam? |
| I was approved for a private loan. They require me to make 4mo payments before I can recieve any money. I'm not so sure about it. Please help!... |
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 Can I ask for a raise? |
| When the minimum wage increases can I ask for a cost of living increase of salary if I make more than the new state mandated minimum wage rate.... |
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 I'm a kid, and i need money, FAST? |
| i need a camera, like really fast because im going up north for a while and i think it would be such a waste to not bring a camera. It costs like 250 and right now i only have 150....and im leaving ... |
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 Should we close our major credit card account? |
| My husband and I have a plan to have all our credit card debt paid off over the next year. We only have one major credit card and we do have a solid, healthy, excellent credit history. We are ... |
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hucky | Can you have 2 seperate mortgages for 1 property from 2 different lenders? |
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hunneybunney
 |
No i dont think so... Ive never heard of it anyway.. technically your house belongs to them til you've paid of the mortgage. I dont think you will find any lender who will take joint ownership.x |
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UncleBen
|
Sure, that's what they call a second mortgage. You can get a second mortgage by taking out an equity loan against your property. Equity loans are typically lent in amounts up to 80% of the value of your property minus the amount of the first mortgage. Let's say you owe $100,000 on your first mortgage and your property is appraised at $250,000. You might get an equity loan or second mortgage at 80% of the $150,000 or a second mortgage of $120,000. You now owe a total of $220,000 to two different lenders. You can do whatever you want with the $120,000 and the interest you pay is tax deductable as mortgage interest when you file your taxes. |
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dick19532003
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agree with MDW that answers it for me . |
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rowlfe
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Sure you can, but the total owed will not exceed the full value. The 2nd mortgage is against the equity. |
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Dazedandconfused
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Why wouyld you want one. I consolidated 2 mortgages with a great product from Citi company Primerica. go tp primericafna.com it will explain a great solution. |
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mdw
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yes you can but you need to have both lenders permission. one lender (usually the major one) will have a first charge on your property whilst the second will have a second charge. |
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RED
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I wouldnt think so unless you can prove you can afford them both, but then if you could why on earth would you want two mortgages??? |
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galdesigns
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This is very common. Usually if you buy a home with 100% financing. You will have your first mortgage be 80% and your second 20%. They are usually from different lenders.
You can refinance later to combine both mortgages into 1 mortgage.
Your first lender has the right to take your house back if you default before your 2nd lender does. |
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skens girl
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No. You can change lenders but this usually carries a penalty.xx |
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mumof3
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what!!! i dont think so.that sounds absurb |
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matt g
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Yes you can. Its called a second mortgage. However, you will pay a much higher interest rate on the 'second' mortgage. This is because its a greater risk to the second mortgagee (the lender). |
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