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Home Loans
Reliable home loan and mortgage information for home owners.
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US $80.60
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US $59.99
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What are non mortgage expenses?
list all please and thanks
Can a childless couple get a larger mortgage than people with children?
Can a gay couple with no plans to adopt get a better mortgage since they won't have the extra costs that comes with raising children? Could we hope to make a down payment lower than 20 % because of this?
Grants to bay bills, mortgage, personal debt etc. in Wisconsin...where can I go or who can I call?
I'm under a heap of debt, is there real, legit help out there?
What was the mortgage crisis all about?
How to report rental income on a property that the mortgage is still being paid.?
I currently have a rental property that I am receiving $925 mo. The mortgage on the property is $875 mo. How do I report this on my taxes? Do I report the full amount received $11100 as rental income, or do I report the difference of rental income to mortgage expense $600 . My only other thinking was that I'm supposed to report the full rental income received, and possibly offset that by reporting the mortgage as an expense. Thank you for your time.
Advise on a mortgage loan?
So I've decided to come here because I want to have all my ducks in a row before I try to take the plunge into getting a mortgage. My husband and I have rented the same place for 11 years now and have recently had our 3rd child. The owner of our property is going to put the house up for sale this summer so we will have to move, we've outgrown this place anyways. I've found a few houses that are under $100,000 due to the economy but the problem is that we don't have the best credit. Is it possible to even get a loan with bad credit? It's mainly just medical bills that are the culprit due to my husband being out of work 5 years ago and we had no medical insurance. I'm hoping that because we aren't looking for a loan for more than $100,000 that it won't be that much of a hassle, but then again......
Can I write off mortgage interest if loan is not in my name, but I am on title and deed?
I am closing on a recent house purchase with 2 other friends. They are a couple, and It is a 2 family dwelling with them residing in 1 unit and me in the other. The mortgage is in both their name's, but I am not included on it. We did this because in the future it is likely that I will be moving out of my unit and they will buy me out to own the entire house. To avoid extra costs to remove me from the mortgage, they only applied for it in their names. However, I am listed as a co owner on the title and deed documents, as well as claiming 50 % ownership of the house on a tenants in common document. I pay 50 % of the mortgage costs and everything pertaining to the house is split 50 50 between me and them.My question is, am I allowed to write off my share of the mortgage interest on my taxes? Is my name on the title and deed enough to prove my debt for the mortgage, even if my name is not specifically on the mortgage?
When do I start paying my mortgage?
My husband and I are looking at a house to buy. The closing date would be in about 90 days, as it is currently occupied, and that is what they want. If we make an offer on the house, say tomorrow, and it gets accepted, when do we have to start paying the mortgage?Ok, dumb question, but closing day is the day i move in?
Is it possible to get mortgage approval with recent late payments?
I want to try to refinance. There are two late pays for 60 days over the past 2 years.
As a first time buyer, how much of a deposit do I need to secure a mortgage of £95,000?
Hello,I would be extremely grateful for any advice given There is a property I would love to buy. I have no deposit, and realise I cannot get a 100 % mortgage. The property is priced at 95,000 my partner and I have a shared income of 30,000. How much of a deposit would we need?We live in Scotland Hoping to get a deposit together shortly, im just trying to find out how much we might need Thanks for answers so far.
What is the amortization on a 71,428.35 mortgage at 6% beginning 1/1/12 at $500/mth and increasing $100/mth on?
each Jan 1st?I'm trying to find out how long it will take to pay off $71,428.35 6 % starting out by paying $500 mth and increasing that payment $100 each subsequent January 1st
Can I refinance my mortgage if I am underwater but have liquid funds?
I am inheriting about $100k. I bought a house about a year ago for $269k and the market value is now at about $240k. I bought it with an FHA loan at 5 %, and because my down payment was so small I have to pay mortgage insurance. If I put the 100k toward he house, will a bank let me get out of the PMI and refinance at a lower percentage?A bonus question is that I also have an MCC credit of 20 % of the interest. Would refinancing mean I lose that?
Can I get an advance on a mortgage if I haven't completed the pre-approval process?
I'm partway through a pre approval process, and all that's left is to bring a copy of my pay stub to verify that I'm still employed, and the other step that's left is actually giving them our $40,000 downpayment for our mortgage. HOWEVER, this downpayment is going to a be a gift from my mom, and is taking longer to get to me than expected could be 2 3 weeks from now . But because it was supposed to be here much sooner, my husband and I have already house hunted and found our perfect first home. I can't put an offer on the house right now because I can't fulfill my conditions financing within the required 7 business days. Like I said, it will take 2 3 weeks to get our downpayment money to the bank. We have been pre approved by the bank so far, as in everything looks good with our income, credit etc. I'm wondering if once I bring the rest of the paperwork in to them, and all that's remaining is to put the $40,000 downpayment on, I'm wondering if they will advance us maybe like 7 grand to put as a downpayment on the house, so that we don't lose it in the next couple weeks. I have NO idea if this is even possible, and I doubt it, but it's the only option I can think of to prevent us from losing this house Can someone please advise? I know I can call the bank and find out, I just feel like I want to know if it's completely ridiculous before I call them and get laughed at lolThanks
Estate Question - what if mortgage was taken out on property you had an interest in, without your permission?
My dad died when I was 5 and without a will. At that time the law stated that his estate, including our house, was to be split among his children and wife. My mom was to have 3 6 of the property, my sister 1 6, my brother 1 6, and myself 1 6. When each of my siblings turned 18 years old, my mom presented them with a document that signed away all rights to her. When I turned 18, however, she didn't. I am not sure why but I am guessing it was because she knew I would not just sign anything she handed to me like my siblings did.Anyway here is my question. When I was 19 years old, she took out a new mortgage. Although the previous mortgage company had requested all estate records from my dad, this mortgage company apparently did not require them, nor did they ask. Therefore, my mother took out a loan on the house.Now, 11 years later, she is 4 payments behind and dangerously close to foreclosure. What are my rights in this matter???? A mortgage was taken out that was not legal who is to blame? shouldn't the company have gotten more information prior to approving the loan? Can they foreclose on the house even though I still own a small portion of the house and never mortgaged any of it???????Help please I really need some guidance from a knowledgeable source THANK YOU
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