I have my point of view on what are the opportunities in current real estate and mortgage markets, but I wonder if other folks want to share their thoughts.
The loans are always paid on time, but there is still a couple more years to go. I’m not hurting for money and there is enough saved up for a down payment and I can afford the monthly payment for a mortgage and taxes and insurance. I have a salary job. Would the bank finance me?
With a 20 year mortgage? of course we are not factoring in taxes or insurance, im just looking for a ballpark figure.
I think I found the right person to be my roommate, the problem is that I dont know how much to charge her for rent. I dont know how much people pay when renting just one room. I want to tell her to pay half of the mortgage which would be $500.00. Is this too much? Help please!
well i will be living there 2 and utilities are included
Someone told me that if I miss a payment on my mortgage the company that holds my mortgage can’t do anything but charge me a late fee. Is this true, or would I face more consequences than that?
Will the second mortgage holders come after you or be able to put something (other than a foreclosure) on your credit like a judgement? Would they be ale to garnish wages or do anything crazy like that in the future? The reason for two loans was a first and second (100% loan) was used to purchase the home. The value dropped and the foreclosure auction will only be enough to cover the first mortgage. BTW this is for a friend so don’t bother asking to buy the property because I am looking into it, thanks!
I’m looking for a mortgage (UK). I don’t know if I should first sort out the mortgage or should I firstly find the property?
My name is on the deed but my ex;s name is on the mortgage not mine. He left the country to never come back. I want to move and give the house back to mortgage company how do i do that? Not sure if it will effect my credit they do not have my ssn.
for example if you close on Aug 31 st , what date you must pay the first mortgage ?
I have already listed my home with a realtor so please NO responses indicating I should. We are now going to try to sell our home ourselves. I have already looked at FSBO.com as well as a few other sites. The legal aspect seems confusing so I think we will hire a real estate lawyer (unless someone can give me a better understanding of what to do with the documents you can download). My question is once I have a buyer (fingers crossed) how do I deal with my exsisting mortgage? Do we pay that off before the deed is changed with the profit or does it get paid off after? Do I contact them or does the lawyer handle all of that? Is that an extra document? Any help on the LEGAL aspect of selling my home and the exsisting mortgage would be great. I all ready know about the listing, advertising, and setting my price end of it.
