Posts Tagged ‘mortgage’

my husband has another woman and he took a loan from the home equity. we are not separated or divorced yet.?

Friday, August 27th, 2010

now he wants to sell the house to split the money and divorce. the profit will be less now due to loan repayment. will we get the same amount of money from the house? even when he spent what he got from the loan? please help.

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Home equity loan term is running out. what to do now?

Thursday, August 26th, 2010

Our loan was for 5 years. That time is almost up but we will still owe approx. 66,000.00 as a balloon payment. Cannot find any information on what we can do now. All I can find is that you can refinance it through your existing company. We have done this twice before over the past 10 years. However, this time we have had a severe drop in our credit score. Our estimated property value is at least 3 times what we need to borrow in order to pay off this 66,000.00 balloon payment. would like it to be a regular mortgage, or whatever, so that at the end of the term, we wont owe anything.I guess I am wondering if my current bank is obligated to refinance it or would I be forced to find another company who finances couples with poor credit. We have been with this same bank for 15 years. The last time we refinanced the equity loan, when our credit was good, I asked the banker to set it up so that we wouldnt owe so much at the end of it. I guess he thought that 66,000.00 wasnt SO MUCH. Is any company out there helping couples in our situation .

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Should I refinance my mortgage?

Thursday, August 26th, 2010

My home is appraised at 5,000, my mortgage is at 5.875% with a balance of 67,000, I also have an equity loan at 31/2 % with a balance of ,500 should I refinance ?

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our mortgage is paid every month could we lose our house for not paying home equity loan?

Wednesday, August 25th, 2010

We have a home equity loan that we took out to purchase a bussiness for my brother inlaw he has fallen behind on payments but our mortgage is paid could we loose our home?

Home equity lines of credit, does defaulting endanger the ownership of the house?

Saturday, August 21st, 2010

I read an article in the paper stating that defaults are up on home equity lines of credit. The paper did not provide any detail but my questions are these. If you default on the home equity line of credit, can’t the bank take your house? Can you continue paying on your mortgage (1st Trust Deed) and default on your home equity line of credit and keep your home? When you default on your home equity line of credit do you lose your home? (Sorry for these questions, but the paper did not mention any of the items I brought up and I am really curious.) Thanks

Purchasing a home with zero down payment and closing costs?

Friday, August 6th, 2010

Hello, I just tried to apply with BOA to see if I would get pre-qualify for a home loan to purchase a condo that costs 0,000. When BOA asked me how much I would put down, I told them that I was hoping that the bank loan would do it and the guy told me that I would have to apply for a Down Payment Assistance and see if Hud would grant me 3%. I am looking for a seller who would pay all closing costs or if I could put the closing costs and down payment in the loan and BOA told me that I couldn’t. I’m not a first time homebuyer because I previously was a 4th person in a title and mortgage for another home. I guess my question here is to find out if there are other options for me for getting this condo that I want. Thank you in advance for your response.

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If I file for bankruptcy can I include my home equity line of credit in it?

Monday, August 2nd, 2010

I have a 1st mortgage and home equity line of credit. Can I include the line of credit in the bankruptcy filing and still keep the 1st mortgage and keep the house?

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Accessing property as joint tenant when ex resides there?

Monday, August 2nd, 2010

My ex husband resides at the property we jointly own and has done for the past 18 months. I chose not to live in the home as I wanted to remain close to my family and had more support than he did at the time. We have a 18 month old child together. We had an arrangement that he would pay me out a share of the equity. As he resides there he pays the mortgage. He decided to quit his job and study instead.

It has become apparent that he had no intention of paying me out and has had his new girlfriend move in to the property without letting me know. He also refuses to sell the property and keeps it in a run down messy state. I have since been advised that he is now pulling out the kitchen, pulling panels off walls etc. even though I have asked him to consult me prior to altering the property. I am concerned he is devaluing the property. Each time I pursue the property he sends me letters about what a bad mother I am and how he will apply for primary care of our son (when he has spent an hour with him in 12 months).

As a result, I have attempted on numerous occasions to organise to access the property to take note of its condition and any alterations that have been made. He will not provide me with any keys (as he changed the locks) and simply states it is inconvenient. It is obvious he does not want me to see the house.

Does anyone know or had experience with this situation? Im no sure of my rights in accessing the property. As I will be taking the matter to court I need to sight the condition of the house.

I need the matter resolved as I am having to pay all the rates and insurance (as he doesn’t pay his share and I don’t want my credit rating to suffer), cannot get my own loan or refinance my car as my name is on the property and just simply want to get on with things.

I don’t want to have to turn up with the police but I have been asking for at least 3 months with no co-operation from him.
I have been seeing a lawyer for the past 12 months, but he has been in and out of hospital and I can never get in for advice. About 00 so far for not much at all. My ex has a law degree so he is having a great time drawing things out to cost me money.
Our divorce should be finalised next month.
Just wanted to see whether anyone may know about this as I cant afford to start with a new lawyer.

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What does it mean to take out a 2nd or 3rd mortgage out?

Sunday, August 1st, 2010

l thought a mortgage was a mortgage. Buy a house, give up your life, slave away to pay until you are 80.

so whats the deal with taking out a 2nd or 3rd or 4th mortgage? what does that mean?

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Do you have to have permission from lender to add a name to a deed creating a joint tenancy? (Floroida)?

Saturday, July 31st, 2010

My friend was talked into adding her boyfriend to her deed and creating a joint tenancy. He makes no payments and has no equity in the property. There is a mortgage on the property and permission was not obtained from the lender before this was done. What can she do to get this reversed or is it even a legal deed in the first place since the lender is unaware of it and did not grant permission to do it.

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Mortgage101.com
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Wells Fargo Home Mortgage
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Mortgage loan - Wikipedia, the free encyclopedia
A mortgage loan is a loan secured by real property through the use of a mortgage note ... Features of mortgage loans such as the size of the loan, maturity of ...
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Bankrate.com
Provides rates for mortgages, consumer loans, savings accounts, and credit cards.
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Mortgage - Wikipedia, the free encyclopedia
Mortgage loan, a loan secured by a mortgage on real property. Mortgage, a security interest on real property granted to a lender, as in mortgage law ...
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MortgageDaily.com
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Fears for house prices as mortgage lending hits new low ...
Mortgage lending fell to a four-month low in July, according to the Bank of England, fuelling fears that tight credit conditions may hamper future growth.
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