I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. Would mortgage companies see the worry that I would [...]

The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find [...]

You can get a home equity loan, but with your credit score, existing debt and today’s credit crunch, you are not going to get a good interest rate. It would be better off doing without whatever you want the money for and start paying off existing debts. Start paying off the loan that has the [...]

In Jan. 2008 I filed Ch. 13 in a frantic attempt to keep my home. In the end, I ended up losing the property due to raising ARMs. I am still in the Ch. 13 and am wondering if I couldn’t switch to a Ch.7 instead? If I do switch to a chapter 7 can [...]

how does bankruptcy effect everything? will they take my house, belongings, etc? will my credit card debt be erased & my credit rating worse than ever? what does bankruptcy entail? I am to the point where my phone rings constantly from collectors. I am choosing betw paying a bill or buying food. My kids need [...]

Say the purchase price is 140k can you finance 160k and take the $$ left over to make home repairs and pay credit card debts off? Only if the house is worth more than $160k but yes, you can use the extra money for whatever you want…I recommend paying off the car or getting a [...]

The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find [...]

If my home is underwater by 100K for example, it’s unlikely my kids would want it – and a burden I would not want for them. If I had 100K in the bank willed to them, would that have to pay off the mortgage difference before my kids? I’m thinking it would: all my estate [...]

Do I just call my lender? My home value is lower than the mortgage balance (when you combine my primary and secondary loan). If I sold my home, can the bank forgive some of my primary loan? My secondary loan went to credit card debt and student loans so I know it will not be [...]

Nope. It’s not considered your debt unless you’ve signed on the dotted line (or about a billion dotted lines where homebuying is concerned) and your name is listed on the debt. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-debt%2Fif-a-wife-is-not-on-the-home-mortgage-does-is-it-still-considered-as-part-of-her-debt-to-income-ratio’; addthis_title = ‘If+a+wife+is+not+on+the+home+mortgage+does+is+it+still+considered+as+part+of+her+debt+to+income+ratio%3F’; addthis_pub = ”;