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: "Second"

Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 
 

Asked 05/17/2006 05:34 am CT (johnston, RI)

I have a home with 3 mortgages, the first mortgage has a balance of 272,000 the second is for 35,000 and the third is for 25,000, the house appraised at 308,000. all three mortgages are with different lenders. i am having a hard time paying all of these, what would happen if i decided not to pay on the last mortgage for 25,000?

Keywords:
                      

If you decided to stop paying on any of them, you'd first off do a LOT of harm to your credit score,...

[ Total Answers: 1 ]

 
 

Asked 04/26/2006 03:08 pm CT (Laval, Ontario)

We are selling our house. As of March 31.we had the confirmation from the buyer's bank for the mortgage as accepted. After the appraisal we received on April 21, all the detail about her income and how she was going to come up with the down payment. On this paper at the top is marked "Conditions Outstanding" Then under the bank's name is written "Conditions of Approval Outstanding for " (name of the buyer.) Then today,April 26, we receive another paper to sign that we approve that she adds another name to the mortgage. What does this all mean? We would like to know if this is a way we can get out of the deal legally? Maybe she is having second thoughts? We did since the moment we signed. Why is it taking so long to finish all her financial information and what is it to us if she adds another name? A prompt answer would be greatly appreciated. Thank-you. Laval, Que. Canada.

Keywords:
                  

It could be that she is getting a better deal by adding someone to the mortgage. As long as the tran...

[ Total Answers: 3 ]

 
 

Asked 04/23/2006 10:30 am CT (pleasant hill, MO)

If we can only sell our current house for 15,000 less than we owe because of a second mortgage on the same house can we sell it and add the 15,000 to a new home loan?

Keywords:
            

Ileasha, typically this is not possible. You will need to give the new lender clear title. This me...

[ Total Answers: 1 ]

 
 

Asked 04/18/2006 07:51 pm CT (Ponoka, Alberta)

how long must i live in my home before i can sell? How can i take out a second mortgage?

Keywords:
        

Hi Darrell You can sell your home as quickly as you want, however usually you have to live in it fo...

[ Total Answers: 1 ]

 
 

Asked 03/09/2006 09:37 am CT (Davie, FL, FL)

We recently bought an investment property in AZ and took out a first and second mortgage for 100% financing. Our partner wants to refi to lower the payment by $200, but it would still require a first and second because the property hasn't appreciated enough to only require a first mortgage. Would it be better to wait a few months? Does How does the frequency of loan applications / refinancing affect your overall credit rating?

Keywords:
                                

You should wait until you have enough equity to get one loan. Unless you get extremely low interest ...

[ Total Answers: 2 ]

 
 

Asked 03/04/2006 10:19 pm CT (El cerrito, CA)

I am making interest only payment on my mortgage and the according to this payment option, this amt will pay all the accrued interest of the previous month however, no portion of the payment will be applied to reduce the principle. My questions are: Why then is my statement showing unpaid interest amount if my monthly pmt is suppose to be paying the accrued int. for the previous months. My second question is why is an amt being applied to principle as per info. in acct activity section, even though this option states no portion would be going to reduce principle. This is so confusing.

Keywords:
                      

That is a bit confusing. 1st things first. Interest is accrued in arrears, meaning that when you mak...

[ Total Answers: 1 ]

 
 

Asked 03/03/2006 09:37 am CT (west haven, CT)

what determines whether a property can be purchased as a second home and why would a second home loan benefit a buyer?

Keywords:
          

For a 2nd home, the Lender's guidelines determine how many miles away from your Primary Residence. ...

[ Total Answers: 1 ]



Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6