 Owner financed home, can they report to credit union? how? |
| My husband and I are buying a home from a personal seller. Everything is official, we have a legal binding contract, and everything. We just make payments to them, instead of getting a bank loan. We ... |
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 I'm at a loss.... not sure what to do? |
| I work 2 jobs, approximately 60 hours per week. My wife also works full time but in a salaried position about the same amount of hours. We were both raked over the coals in our previous marriages and ... |
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 How would you choose a realtor? |
| My friend is realtor for more then a year now. His houses sell less then 30 days even in this difficult market right now his last one in 4 days…. But he still seems to struggle to get new business ... |
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 My dad wants my name off the title of our mobile home? |
| about 9 months ago my dad bought a mobile home for me, my husban and him self to all live in when we got it he put all of our names on the title of the home because he wanted us to always have a ... |
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 What kind of loan do you get to fix up a new home you just purchased? |
| I am purchasing a foreclosed home and the previous owners took the kitchen cabinets and counter tops. Now my banker says I can't get additional money to purchase what i need to fix the kitchen. S... |
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 Tenants rights who are not on lease? |
| me my girlfriend and our two little ones moved in with a co worker.i guess her roomate moved out and she needed someone quick so we got the main room and paid 70% of rent we have been here six months,... |
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 Should i take someone with me to home inspection? like a friend or family memeber? |
| i just bought a condo and need to do a home inspection. Can i do this on my own with my realtor or should i wait until someone else can go with me.... |
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 What happens at the end of a fixed rate mortgage? |
| if at the end of five years fixed rate I am still in negative equity, would i just go on existing lenders variable rate for next 20 years or would there be a problem?... |
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 What is the etiquette in dealing with Real Estate agents? |
| We are first time home buyers and have never used a real estate agent before. What is the etiquette in dealing with an agent, do you choose one and stick with them or go to a number of agents and ... |
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 I want to refinance a 1st mortgage and a 2nd which is a equityline that is with a another bank. need help? |
| Can i pay them both off with a refinance from home is we have enough equity in home. I am told i need to pay a .5 point fee to convert an equity line to a cashout loan since this loan is not a ... |
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 I'm on month-to-month lease agreement. How much I've to pay if I'm going to move out middle of the month? |
| I live in Glendale California, and I plan to move out on 15th of Feb but I've to pay rent on 1st every month, so on Ferbruary I have to pay rent for the whole month? ($1795) or I can pay only $92... |
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 I'm looking at building a new house next spring. Should I look at selling my house now & move to an apartment? |
| I have a wife & 3 1/2 year old son and, we want to be in a good position and not have to worry about selling this house once the new one is built. Renting would save us about $3-500 per month ... |
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 Inland empire, So. california, who are the best mortgage bankers, name top 3 please? |
| I wish to add a borrower with 701 median fico, relative, have 510 median fico, want max cashout, primary and rental property both to be refinanicaed, and stated income for both of us. Urgent, as ... |
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 Is it better sell my house by owner ans offer 5% to the buyer's realtor?or go to a reputable real estate co? |
| A local realtor in a gated community averages 1 sale per month in that community. is it better to list my house (water view, 1 mile from the beach and listed below market price for 2 months with ... |
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rednipur | What does a mortgage entail? |
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Bill
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A lends B money to purchase a house from C.
If B doesn't pay A back, A takes B's house away. |
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CHRIS P
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Tie a bloody great rock around your neck and carry it around for 25 years. That'll give you some idea. |
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sb85
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i think it's a loan to buy a property with |
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greybeard
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You sign up to pay for a house with a Building Society, then you proceed to pay back thousands of pounds in interest, and with luck, when you retire you MAY own the house, or leave it to your Kids, or use the equity to pay for your Nursing Home Fees! |
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angryman1n
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money, property, even more money, even less property, eventually your soul...
Umm dude, talk to a bank. If you really need to ask the question, YOU CERTAINLY DON'T NEED ONE. |
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MANCHESTER UK
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The biggest cost anyone has to bear in life. However, a Mortgage Protection Policy should be considered because in this day and age with up to 5 times the income of the Mortgagor being offered, any failure to pay, because of matters covered by such a Policy, the onus of responsibility would be less worrying.
Payment on time is essential but from one who has discharged two Mortages and a business loan in 40 years of trading and living in two houses, the result is well worth it! |
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Bob Danvers-Walker
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Bit of a question, this.
A mortgage is an organisation lending you money to purchase property with a repayment term over a period of years - normally 25. However, the lender has a legal charge over your property, which means that the property cannot be transferred to another without the mortgage first being paid off.
Further, if you default in the mortgage, the lender can repossess the house and resell it. They would then take the money owed to them in arrears, the balance of the loan, and their charges for obtaining possession, and return the balance to you. In reality, the money raised is usually less than the loan and you end up with no house and still owing them money.
however, mortgages are a necessary evil, for without them no-one could afford to buy their own home |
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Lee
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It means taking a loan out on your house! |
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She She
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WHAT??...Basically it is a monthly bill that you are expected to pay every month(even when you don't feel like it!) and the bank will in turn let you stay in your house...If you stop paying they in turn stop letting you stay there..ss
Usually it includes your principle, interest, mortgage insurance, taxes and home owners insurance... |
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