 Am I a canidate for a home loan? |
Am I a canidate for a home loan?
My husband makes $45,000 a year (We have a 6 month old so I stay home)
We have $1500 in credit card debt (due to Christmas shopping)
We owe about $6000... |
|
 Can 2 people each get their own mortgage to buy the same house if they are both living in it? |
| ok so 2 people live in a house they rent, the landlord gives an offer for us to buy it, but we want our own mortgages ect. can these 2 people each get there own seperate mortgage for the house and ... |
|
 Mortgages........? |
| Does anyone know of any mortgage companies who will lend 4-5 times salary? We are not first time buyers but are struggling to get a bigger ... |
|
 What are some good real estate websites to browse pics of properties? |
| Totally new to the real estate game. I can't seem to do an effective search in Google to get me good sites.... |
|
 Home Foreclosure? |
My house is being foreclosed on. Will I still owe money?
Can I sell the house.... |
|
 Planning on buying a house advice is needed.? |
| And I need all the advise I can get as far as all the extra fees that they chage when processing all the paperwork. My husband and I are a young couple and I am afraid that they'll try to screw ... |
|
 Went ot jail and got evicted? |
| I went to jail for one month and when I got out, my landlord changed the locks and kept all my belongings inside the house. Everything. He did not evict me through the court system just a 3 day ... |
|
| What kind of notice does a landlord have to give before coming to your house? |
Additional Details
how many hours before coming over? my landlord wants to have an appraiser come over tomorrow. i thought they were supposed to give 48 hour notice?... |
|
 Sell remortgage or rent?/???? |
have a house which we have completly renovated!had i valued and made48% equity!!
the dilema is that things went a little wrong a while ago and now our credit rating is poor although we ... |
|
 Closing But No Keys? |
| I closed on the house I'm buying this morning, but the title did not give me the keys to the house because the lender had not wired the money to the title company. I called my loan officer and ... |
|
 I am trying to sell my house, but the neighbors are horrible. Their house is a dump,People see it and leave.? |
| the neighbors houses are dumps. there is trash everywhere, old junk cars, ect. I had over 50 people come and look at my house, and they all loved it, then looked next door, asked if people really ... |
|
 How can I find out who owned my home previously? |
| My husband and I feel like our home may be haunted. I know it is against the law to withold any information reguarding murders when buying a home. How can I found out if something may have heppened ... |
|
 Mortgage or Home Equity Loan? |
| My maternal granparents just moved out of a house that belongs to my dad. He is now going to give us the house. We have about $60,000 we want to spend on paying off some bills and remodeling the ... |
|
 Mortgage held by Mom. Mom dies. House deed in mom's name and mine. Who owes on remainder of mortgage? |
| The deed is in two names but the mortgage was only in the deceased's name. Who does the bank go after to repay the reminder of the debt. Does the debt go away? What if the deceased was poor ... |
|
 By law, what can a landlord charge for a pet security deposit? |
| Is there a max? I live in RI. I can't find any information on this. I have even talked to a lawyer in this area who can't quite seem to find a definite answer. Thanks.... |
|
 What to do about home offer not responded to? |
Here is my problem:
I put an offer in on a home last week Wednesday (August.29,2007), Finally on Friday, August.31,2007 the listing agent faxed a letter to my agaent stating that the home ... |
|
 Charges for carpet after walkthru was completed and signed off.? |
| There was some damage in the bath and it was noted in my move out. She said she was going to get her carpet guy to quote it for repair. (I had the carpets cleaned the day before my final walkthru). N... |
|
|  |
Happy | Mortgage issue!? |
I bought my house for £46,000 last year, I now want to get a bigger morgage and take it to £75,000, a joint mortgage with my fiance, we went to the bank and they asked us to call some solicitors to get quotes on putting his name on the deeds. Ive had quotes from £150 inc. VAT to £700 inc. EVERYTHING! But what is everything? I dont understand what I need to ask the solicitors to do? Any advice on what to ask the solicitors and how much this should all cost? Do i have to pay the solicitor up front or when we get the mortage through!!
CONFUSED!!
Thanks........ Serious answers please! X
Additional Details
No Im in the UK, North Wales to be exact! |
 |
 
JOHN F
 |
You have to pay for the mortgage company to produce the deeds.The solicitors have to change the title deed and have it registered .The solicitors also liase with the mortgage company re the re-mortgage. I would expect it to cost in the region of 200 pounds.Simply ask the solicitor exactly what the work entails for them.. Also do you have to have the house revalued for the increased loan ,I assume you do and that will cost a bit too..Good luck. |
|
Jack
|
"Everything" includes the following costs:
-Preparing a new deed in both names
-Registering the deed
-Sheriff's Certificate indicating no executions against either of you
-Tax certificate on the property
-Title Insurance or certification of title
-Preparing and registering the new mortgage
-Preparing and registering a discharge of the old mortgage
-Other disbursements such as photocopies and requisitions.
The quote of £700 seems a little high. Normally this runs somewhere around £450 - 500.
I hope this helps. |
|
BWgirl
|
You didnt say whether you are buying a different house or just remortgaging the one you are in. Either way you need to see an independant mortgage advisor who will look at all the deals on the market at this present time and find the best one for you. When you have done this they will either put you on to a solicitor they use or the mortgage company will use their own panel of solicitors. Costs for solicitors vary. If it is just a remortgage then you might be able to get a deal where the solicitors fees are included. If this is the case they will deal with all the normal stuff for free but you will have to pay to have your fiance put on the deeds which will be about £250. There are lots of different scenarios but as I said it depends on what you are doing with your current property. You will have to pay the fee for putting your fiance on the deeds before the mortgage completes or you could have it taken out of the remortgage if you are just releasing equity. Hope this helps a little but I really do recommend going to an independant mortgage advisor as they will take away all the hassle and guide you through it. If you are in the South Yorkshire area I can put you in touch with a good one. Good luck |
|
David
|
I assume the bank have provisionally offered you a re-mortgage - has the house been re-valued to confirm the increase in value to support your loan?
The solicitor will prepare the deed information and register the change in ownership at the Land Registry.
Quite often banks and building societies will not deal direct with the borrower and will insist on a solicitor being used. This is due to the 3rd party advice you will receive, insurance and the fact that they can liaise with a legal professional far easier.
You don't always need to use a solicitor - a licensed conveyancer can do the job just as well and usually at a lesser cost. They will guide you through the process but it will be pretty much the same as when you first bought.
Don't forget to factor in extra mortgage and survey fees if these haven't already been discussed. |
|
Richard M
|
what country are you in? in dosent appear by your question that youre in the USA? Solictors are not used in the USA. |
|
mjammy1978
 |
speak to a financial advisor or conveyancer and get them to confirm what is involved |
|
kimmy771144
|
I work in the mortgage business (U.S.) and don't understand why you need a "Solicitor" to put a name on your deed. You can only get a certain mortgage amount for how much your house is worth/appraised at. Adding another name to the deed will not change the value of your home. Adding a person for credit reasons on your loan application will help you be approved for the loan easier. Maybe that is what the bank is talking about. |
|
Paul
|
You have to get fiance deeded on so you are able to refinance. If the property is only in your name and you are not able to qualify for that higher loan amount. Then deeding your fiance on will help you support the debt. If you can do it on your own now, you can always deed them on later |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 26 minutes(s) ago
| | | |
8 | 43 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 2 month(s) ago
| | | |
9 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
