Category Archives: home morgage

How can i sell my home if I have a morgage? What do I do? Morgage is 130,000. House is worth 160,000.?

Notify the mortgage holder that you are considering selling the property and find out what they require and what your options are for selling the property and If they would consider financing the new buyer and what the terms would likely be based on certain credit scores. If you are not careful the Realtor will [...]

who handles home america morgage’s loans?

most every bank handles home mortgage loans!!! addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-morgage%2Fwho-handles-home-america-morgages-loans’; addthis_title = ‘who+handles+home+america+morgage%26%238217%3Bs+loans%3F’; addthis_pub = ”;

I inherited a 2 unit home with my brother. What type of morgage would I apply for to buy him out?

Fixed rate only. No variable rate, no interest only loans. You don’t want to risk foreclosure when the interest rates go up again and then you can’t afford the payment. Keep it at a 15 year loan if possible and if you can afford it. If the mortgage payment will be more than 25-30% of [...]

Obama blames the morgage crisis for the economy recession?

Out of a trillion $$, Obama uses only 53 billion for the people in home morgage crisis? Then he gives the rest to the upper 1%, and most of them are not even American! Dear Matttt, to think, you are what my sons are in Afghanistan fighting to protect….. The crux of the issue started [...]

Needs any and all info on purchasing a mobile home. Like the morgage stuff hidden costs etc?

Don’t do it. People think of mobile homes because they are cheap but you can find houses that cheap if you look around. Mobile homes do nothing but depreciate and because of that the loan is riskier and has more interest and larger down payment. Even a nasty house will appreciate somewhat over time. addthis_url [...]

how many morgage lenders should i talk to for refinancing my home?

i never know who to trust and would like some advice on how to deal with banks, morgage lenders etc. The first answer was great. A mtg broker can find you the best deal hands down. Haggle over the charges, don’t pay points. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-morgage%2Fhow-many-morgage-lenders-should-i-talk-to-for-refinancing-my-home’; addthis_title = ‘how+many+morgage+lenders+should+i+talk+to+for+refinancing+my+home%3F’; addthis_pub = ”;

Can I sue my husband for not paying the morgage when I would give him the money and now my home is being repod

I’d give the money to my husband to pay all the bills becasue I’m always out of town but I came to find out he has not paid a single one and my home is being reposessed. I got a letter that I need to turn it in in 30 days. Is there anything I [...]

what happens to a home equity line when doing a morgage deed in leiu of forclosure?

It needs to be paid off or you cannot execute the deed in lieu of foreclosure. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-morgage%2Fwhat-happens-to-a-home-equity-line-when-doing-a-morgage-deed-in-leiu-of-forclosure’; addthis_title = ‘what+happens+to+a+home+equity+line+when+doing+a+morgage+deed+in+leiu+of+forclosure%3F’; addthis_pub = ”;

Should I help my parents with the down payment on their new home?

I am in my last year of law school, still searching for a post-graduation job. When my parents filed for bankruptcy, they were allowed to stop paying on their home morgage (around $1200 a month) under the Bankruptcy Code. This "automatic stay" has been in place since my dad filed, a total of 6 months. [...]

Is your morgage and home insurance added together and you pay one monthy bill?

First time buyer. No, I would never do that. This is because the mortgage company will have to pay your homeowners insurance once per year when the renewal comes up. I cannot tell you how many times the mortgage company does not pay These are 2 excuses: 1 – "They never got the bill", 2 [...]