 Can you get a mortgage without a credit rating? |
| Me and my boyfriend want to move out this year but I don't think we will be considered for a mortgage because neither of us have a credit rating. We have never had loans or credit cards, the ... |
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 How long should it take to build a house, and how many contractors can work at the same time? |
| My husband and I are finally ready to start bilding our house. My father-in-law started building his house in June 2006 and didn't finish until June of this year. It took him a year to build ... |
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 Can I break an apartment lease by presenting a dr's note stating the apartment stress is affecting my health? |
| I am living with two roomates in an apartment that we all signed a lease for. I would like to get out of the apartment because Im not getting along with my two roomates. If my doctor provides a note ... |
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 How can I sue my mortgage broker without going broke? |
| I was taken for a ride by a mortgage broker. He lied to me about the terms of my loan, lied on my application about my income, and lied about numerous other things. Now I am stuck in a horrible loan ... |
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 What does a real estate agent/realtor do? |
| I want to get a realtor license when I turn 18 the summer. I just want a basic explanation of what the job is and how money is made.... |
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 Lawyers! I'm trying to move out of my appartment but they said there is a "no winter move out clause" ?? |
| My lease began 03/01/05 but under the "Lease Period Ends" it says "N/A". I plan to buy a house and was told that I have to give a 60-day notice but the 60-day notice cannot expire ... |
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 Real Estate Problem/ Dispute? |
| If you have a written contract for a property/ real estate and the buyer(supposed buyer) breaks it by not paying, can I enforce that contract? And get the property back since he didnt pay for it? The ... |
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| I heard its a way to get a morgage with less than subprime credit, anybody heard of it? |
Additional Details
i heard with these mortagages u have to refinance in 2yrs or lose your house. the loan is based on the property value and if the bank is likely to make a profit in 2 ... |
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 Are home inspectors often wrong? |
| We're selling our house & have an offer & today we had a home inspection. We bought our house from the builder & it's only 3 1/2 years old & we keep it in top shape! A... |
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| Can my landlord increase my rent before my lease is up for renewal? |
Additional Details
There was a "lower rent" discount that I was receiving and the landlord got rid of it because supposely he got audited and this discount is not suppose to ... |
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 What does not in a...? |
Subdivision mean when looking at house for sale?
Additional Details
is it a good are a bad thing?... |
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 Im 3 months behind on my morgage. i tried to refinance and sell but no.cant afford house, just want out, how? |
| i have an 80/20 loan on my house. i am 3 months behind on 1 and 2 on the other. i have tried to sell and i cant get what i need to pay off the house and i dont have any extra money to pay off the ... |
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 Any ideas - Problem Neighbour? |
Myself and my fiance have been living in our current house since july last year. We rent it from Leaders.
During our first viewing of the property, the neighbour took the leaders ... |
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 Apartment maintenance problems...what can I do??? |
| Ok, so for the last 4 to 5 months our air conditioner has not been cooling properly. The maintenance guy came and attempted to fix it but couldn't figure it out. He then promised to order a new ... |
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 Please help me, im so mad and scared about this pls help? |
| k my mom and dad got divorced and now because my dad refinanced on the house 2 times the house payment is 1500 a month!! so now the bank will take our house away in august if we cant pay the bills or ... |
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| Mortgage - If Bank Goes Under What Happens To Borrower? |
If your Mortgage Lender Defaults what will happen to the borrower?
Ok, They will try to sell your loan. Can they demand payment in full (call the loan?) Are there any legal protections ... |
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andy f | 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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acermill
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You don't have a fixed rate mortgage. A fixed rate mortgage is one in which the interest rate is fixed for the duration of the mortgage loan, even if it is thirty years.
In your situation, you can either attempt to refinance elsewhere, or continue on with your current arrangement. Chances of you obtaining a fully fixed rate mortgage for the duration are slim if you are in a negative equity position. |
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Annette C
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I'm not a financial adviser but as far as I am aware the Mortgage will continue to run as normal but no longer on fixed rate so whatever the current rate is and this would probably be variable as you said. You could contact the lender to establish if they have any offers available or try a Mortgage broker to get a better deal. My fixed rate finishes March 2009 so I will be looking to remortgage if possible? Not sure how this would pan out with the negative equity. I think there may be a lot of people out there in the same position. |
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julie_spendlove
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Thats exactly what will happen yes. You will be able to shop around for another product when your no longer in a negative equity situation. |
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WelshLad
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You would just go on the existing lenders variable rate. |
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A Texas Tycoon
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A Fixed Rate loan stays fixed for the entire length of the loan. Hence the name fixed rate. If the loan changes after five years it is not a fixed rate loan. Also, fixed rate loans are NEVER negative equity loans. |
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bcnu
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At the end of a fixed rate mortgage you have paid the lender and they will release the mortgage lien, whether it's 5, 15 or 30 years of fixed rate. Many people pay off fixed rate loans before the end of its natural term, thus saving thousands of dollars of interest on money they no longer owe. |
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Roy <
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Yes, normally you would revert to the lender's standard variable rate (SVP), but check the smallprint of your fixed rate agreement. You are normally free to stay as you are, switch or re-negotiate another deal if you wish. |
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sarreh7
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Id doesn't become fixed after its not fixed |
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Unofficial
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ur poor |
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