I purchase a house that had one mortgage they sold the mortgages and now i have 2 mortgages that i have to pay.
one is 180,000 and the other is 30,000 i can only pay for one. can i pay for the most expensive one and file bankruptcy on the 2nd one and continuing living in the house
Posts Tagged ‘fha mortgage’
I have 1st and 2nd mortgage on my house. I only can pay for the 1st not the 2nd Can I still live in the house?
Saturday, February 13th, 2010Any Zero down home loan out there?
Saturday, February 6th, 2010Thinking about selling but I will walk away with practically nothing. Any zero down or 3% FHA left ?
do home appraisers usually take pictures of the interior?
Sunday, January 17th, 2010i’m having my condo appraised for a home equity loan and there is a realtor (not affiliated with the bank) that said she will be taking pictures of the inside of my condo. it seems a strange that she can’t just estimate the value of the home by looking at it… and i’m a little suspect about her taking pictures of my stuff.(i don’t want her to have pictures of what is in my home) is it absolutely necessary for a home appraisal??
Can you do a Deed-in-lieu of foreclosure if you have a home equity line of credit on your home?
Friday, November 27th, 2009I am considering the Deed in lieu of foreclosure option but I have a Home equity line of credit on my house. Is this something that can still be done? BTW I live in Florida if that has any bearing on the answer.
Thanks in advance for any advice 
Is paying off a mortgage early beneficial tax wise?
Thursday, November 19th, 2009The following is from
http://www.usnews.com/money/personal-finance/retirement/articles/2008/06/19/should-you-pay-off-your-mortgage-before-you-retire.html
"The interest you pay on your home mortgage is tax deductible on up to million in debt. You can also typically write off interest on up to 0,000 of home-equity debt. But you benefit from this tax perk only if all your itemized tax deductions, including your mortgage interest, add up to more than the standard deduction that almost everyone gets automatically….. Jonathan Pond, a financial planner and author of Grow Your Money! 101 Easy Tips to Plan, Save, and Invest, argues that you need to be in the 35 percent tax bracket, or make at least 0,000 annually, for the tax break to be worthwhile. Most Americans in the 25 percent tax bracket might pay, say, ,000 in mortgage interest but save only ,500 in taxes."
If I pay ,000 in mortgage interst but only save ,500, that seems nonsmart to me. Is the above quote correct?
Refinance, mortgage question very confused?
Tuesday, November 10th, 2009I took out a 70k HELOC 1.5 years ago, adding my 1st i owe 205,000. My intrest rate on my 1st is "ARM’ 10% and 2nd 12%. These are killing my payments. I went to try to refinance my credit is 670, but they are telling me my property is valued at 185. if i would come up with 20k they tell me i could save a huge chunk of money. My home was actually appraised at 220 when i took out the HELOC 1.5 years ago. They used a computer to figure it out not a actual appraiser. After doing some reasearch homes sold for 184,000 at that time. I live in a townhome communtiy. I need some help tired of explain this to banks.
Liquid Equity G? a word that fits LEG as in “His home loan was a ARM (Adustable rate Mortgage) and a LEG”
Tuesday, November 10th, 2009I am looking for an acronym that fits the word leg.
I started with Liquid Equity Grab.
As in the bank grabs the equity in your home.
Free up the equity in your home and really pay the bank more with a LEG (Liqiud Equity Grab)
That does not sound official like an ARM (Adustable Rate Mortgage) does.
So here is the idea either a whole new acronym that fits the LEG or a word that starts with G that fits and sounds official.
The end result must be an official sounding phrase that uses the phrase an ARM and a LEG.
My house cost me an ARM and a LEG.
Refinancing vs Home equity Loans once you take the house of the market?
Friday, November 6th, 2009Taking the house off the market we are not eligible to refinance because of the rules by the government How can we do a home equity loan and where can I find the current fixed rates? Thank you
Related ‘fha mortgage’ sites :
| HUD - Federal Housing Administration FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. ... FHA mortgage insurance provides lenders with protection against ... www.hud.gov/offices/hsg/ | |
| FHA Loans, FHA Home Loan Financing Information from FHA ... FHA Mortgage Center.com provides information on FHA Loans, Home Loans, and Refinancing options available through FHA-insured programs. ... www.fhamortgagecenter.com | |
| HUD - Single Family Housing - Insurance Programs FHA Insured Mortgage Programs. Did You Know? Here's some links to some ... mortgage programs: Visit the FHA Resource Center for more information on all FHA programs. ... www.hud.gov/offices/hsg/sfh/ | |
| Federal Housing Administration portal.hud.gov | |
| FHA & HUD Government Mortgages Free FHA help and information for all FHA loan and mortgage products. FHA licensed Loan Officers are on call to answer all your FHA related questions. ... www.fhamortgage.org | |
| Wells Fargo Home Mortgage - Homebuying - Government Loans FHA and VA government loans offer affordable financing options that can help you become a homeowner. ... Let Wells Fargo Home Mortgage, a FHA/VA mortgage lender, see if these ... wellsfargo.com/mortgage/buy/ | |
| Federal Housing Administration - Wikipedia, the free encyclopedia The Federal Housing Administration (FHA) is a United States government agency created as ... FHA loans are insured through a combination of a small upfront mortgage ... en.wikipedia.org/wiki/ | |
| FHA Loan Pros - FHA Mortgage Guide FHA loan news & advice from the experts: 2010 FHA loan requirements, loan limits, FHA refinancing and new home loans. The best FHA mortgage rates & FHA Lenders. www.fhaloanpros.com | |
| Chase Mortgage: FHA Loan Information; FHA Advantages ... The Federal Housing Administration, generally known as "FHA," provides mortgage insurance on loans made by FHA-approved lenders like Chase. ... www.chase.com/chf/mortgage/ | |
| Florida FHA :: FHA home loans :: FHA mortgage rates :: FHA ... Call a Florida Mortgage Corporation FHA loan specialist with any questions. ... FHA mortgage insurance permits lenders to make mortgages for first time homebuyers without risk. ... www.floridamortgagecorp.com/ | |