BestInMortgage.com Post Your Mortgage Question Find mortgage expert in your area
You are not logged in. Login here. Not a user? Sign Up
Email: Password:
 
Search by Mortgage Terms: Ask My Question


Search: "Moved"

Pages:  1 
 
 2 
 
 3 
 
 
 

Asked 04/02/2007 01:03 pm CT (Lindsay, Ontario)

My husband and I are separating and he does not want to have anything to do with the house or mortgage and wants his name removed. My brother would like to move in and share ownership of the house. Can we just add or remove people from the Mortgage. Of couse all monies have been negotiated and agreed upon, just not sure if you can change ownership name or you have to start again. I have a good rate until 2009, so I do not want to renegotiate at this time, just change owership of Mortgage. Thanks

Keywords:
            

Unfortunately, you will have to refinance the property to remove your husband from the loan. Since ...

[ Total Answers: 1 ]

 
 

Asked 03/31/2007 11:49 pm CT (Phoenix, AZ)

My friend bought a home about 2 years before and he got the mortgage with 4.75% interest rate. Now, I want to buy that home from my friend as he moved to another state. Can my friend still have the mortgage in his name but I pay the monthly installment?

Keywords:
            

Yes, if you do a lease with the option to buy. A word of caution must be given here. If the origin...

[ Total Answers: 1 ]

 
 

Asked 03/30/2007 07:04 am CT (Miami, FL)

My mother home is going into foreclosure so, she asked me to purchase the home and then quick deed it back to her. Is this legal? How could it affect me and my credit score? Will my name permanently be removed from the home after the quick deed?

Keywords:
                          

You can purchase it but if you finance your purchase you will be in default of the mortgage when you...

[ Total Answers: 1 ]

 
 

Asked 03/29/2007 09:19 am CT (Chicago, IL)

My wife and I decided to divorce last year. I bought a house based on the fact that she said she would not live with me when we moved. She did not communicate any other wishes. I bought the house for me and our three kids in June,06. She returns from a month with Alanon in July and moves in with me. I said I wanted to refinance the loan to get a better rate. She refuses to sign the Homestead waiver Act form, subsequently I can't refi w/o her signature. Is this true and is there a way I can refi w/o her signature? Technically we are still married but currently in divorce proceedings.

Keywords:
                

Not only are you not able to refi, but she may have a claim to the equity in the new home. I highly...

[ Total Answers: 1 ]

 
 

Asked 03/26/2007 09:28 am CT (Hedgesville, WV)

3 years ago I divorced. In the process, my ex got the house. He could not afford to refinance in just his name. So, the situation is my name is on the mortgage and on the deed. If I quitclaim the deed can my name be removed from the mortgage without refinancing? Someone suggested this, but I have my doubts. I want to be able to buy my own home sometime but I'm afraid his mortgage payment will be held against my debt to income ratio.

Keywords:
                                

Don't JUST give a Quit Claim Deed (giving up your property rights) without getting released from the...

[ Total Answers: 1 ]

 
 

Asked 03/23/2007 02:48 pm CT (akron, OH)

I have a prior bankruptcy two years ago this march it included a home that was not resold until 13 months ago and at that time my name was taken off the title at the time of bankruptcy my lawyer did not tell me to have that removed. So I have a foreclosure only 13 months. My credit score remains low after bankruptcy (590) I am a single mother and have a good job but no savings at this time is there any 100% loans I qualify for or any programs to help me pay for down payment?

Keywords:
                              

 
 

Asked 03/22/2007 12:15 pm CT (yarnell, AZ)

My wife and I are getting divorced, we own 2 houses, she getting 1 house and I the other. We are both on title and loan for both houses. Can we be removed from the loan on the others homes somehow?

Keywords:
              

Larry, usually not, depending upon who the lender is and what type of loan you have. However, in ou...

[ Total Answers: 2 ]

 
 

Asked 01/30/2007 08:31 am CT (Elk Grove, CA)

I'm in California. I have an employee that claims if she is moved to a salaried position versus hourly (same pay) that she will be able to get a home loan. Is there a preference that an employee be salaried versus hourly for a home loan?

Keywords:
      

Alan, This should not be an issue. Have you employee give me a call so I can get some additional in...

[ Total Answers: 1 ]

 
 

Asked 10/18/2006 02:04 pm CT (Kansas City, KS)

My husband and I are going through a divorce but have been seperated for a year I moved out of the home and filed a Quit-claim deed. The house will possibly foreclosed on. Does that release me from the mortgage and protect me from the foreclosure?

Keywords:
                      

When you signed your mortgage papers, you agreed to be held liable both jointly(with your husband) a...

[ Total Answers: 2 ]

 
 

Asked 08/07/2006 07:15 pm CT (Marysville, WA)

I purchased a home FHA financing in June of 2000, for $155,000. I have refinanced twice with a FHA mortgage and my new balance is $154,000. My question is, I am trying to get rid of my MIP insurance. Do I have to use my latest refinance date to qualify to have the MIP insurance removed or can I use my original mortgage date? I know the value of my property is well above the requirements to have the MIP removed. Thank You!

Keywords:
                        

 
 

Asked 07/24/2006 03:41 pm CT (austin, TX)

My ex-girlfriend & I bought a home together in 2001, & she wants nothing to do with it now, since we are no longer a couple. How can I have her removed from my loan, & how will this reflect me?

Keywords:
        

Renee, The only way to get her completely out of the picture is too refinance your home. You can...

[ Total Answers: 1 ]

 
 

Asked 05/24/2006 04:40 am CT (San Francisco, CA)

Yesterday, we signed closing documents to refinance a house that we own and rent out with the same lender as our original loan. throughout the process, our loan consultant was aware of that our property is a rental property. At closing, there was a set of docs called that they wanted us to sign, stating that this property was a secondary residence. Upon seeing this document, the consultant removed it and assured us it was the only reference in all of the documents to it being a secondary home. All the while. the notary is quickly passing documents to sign. When we got home, we looked carefully through the docs and saw references to our property as a secondary home. We are concerned that we may have inadvertantly committed fraud! we called the consultant and he says he will take care of this issue. Is that enough now that he has signed and notarized docs in hand? We were also told we had a right to rescission but I have read that you do not have this right when refinaning with the same lender. Any advice on how to proceed? We have sent a letter detailing the issues with copies of the four places our property is called a secondary home. Is this enough?

Keywords:
                            

Kelly, Sorry, i hope this is better late than never. 1st of all, you will not be in legal jeopardy...

[ Total Answers: 5 ]

 
 

Asked 03/10/2006 04:33 am CT (Fort Wayne, IN)

My husband is being relocated for his job so SC. We would like to purchase a new home that is a step up from our current home. The problem is that our debt to income ratio is out of whack. We had given up on relocating and assumed more debt for cars and toys and credit cards. Our total debt is about 65K (not including our mortgage) It seems like our only option is going to be moving into an apartment for four years to pay off our debt, or renting a house rather than buying. We would rather buy than throw our money away on rent. What can we do ? Our income is 75K ,we'll have approximately 15K for a down payment, but our monthly dept is at $2200 per month. We'll be moved within the next 6/8 months.

Keywords:
                        

Take a look into "stated income" or "no doc" products, the interest will be a little higher, however...

[ Total Answers: 2 ]



Pages:  1 
 
 2 
 
 3