Archive for January, 2012

Can I sell a house without paying off mortgage?

Monday, January 30th, 2012

asked: I am planning to sell my extra house, for which I am paying a mortgage (15 more years to go). The mortgage rate is really low. Can I sell the house without paying off the mortgage (i.e. can I take the mortgage as a low-interest loan), e.g. for ...

Is a mortgage incurred jointly before the marriage considered a marital debt in a divorce?

Monday, January 30th, 2012

asked: We bought a house, signed a mortgage jointly, before we got married. Is this a marital debt, and how would this be likely to be resolved in a divorce (in Ohio)?PVC Plumbing Fittings

What documents do I need to apply for mortgage restructure from my bank?

Sunday, January 29th, 2012

EdC asked: I am in the process of preparing to take advantage of the $400B home owner rescue package that will be signed by President soon. I need to apply to my mortgage company for restructure of my mortgage to lower my payments. What documents do I need to prepare? ...

How can I convince my mortgage lender to lower my interest rate?

Thursday, January 26th, 2012

tradejewel asked: My mortgage will go to adjustable soon and what can you tell your lender so the interest stays the same? I have a 3/1 arm.Wood Fireplace Inserts

Can my mortgage company take life insurance money I received as beneficiary?

Thursday, January 26th, 2012

asked: I have a house I need to get out from under. I may foreclose on it. Or, do a deed in lieu of a foreclosure. I want to file hardship due to the loss of my brother, whose income I depended on to pay for the house. My ...

How much money is comfortable after paying the mortgage and bills?

Thursday, January 26th, 2012

Mark - asked: My mortgage broker offered me 45% of gross income. I calculated that after paying mortgage and all bills I'd be left with 5K spare cash a month to spend. I have no idea is this is reasonable and am interested to hear how much money folks feel comfortable having ...

How do I structure a mortgage to pay it off quickly?

Monday, January 23rd, 2012

analyst asked: I am about to buy a mortgage for a property. Does anyone have any tips for me about how to structure it correctly from the beginning so I pay it off as quickly as possible. Thanks in advance for your answer.Scented Floating Candles

Can I get a mortgage on an investment home after purchase?

Monday, January 9th, 2012

Bob S asked: I'm looking at purchasing an investment home, and it is a short sale which specifies a cash transaction. I plan to pay cash for the property. I would like to have a mortgage on the property to use the cash for other purchases. Is it possible to get ...

Can a Mortgage Company hold your insurance check for the repair of your building?

Tuesday, January 3rd, 2012

asked: My building suffered damage with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can't finish the repairs needed. My mortgage payments are up to date.Vinyl Siding Cost

How to refinance a home mortgage with negative equity?

Tuesday, January 3rd, 2012

that username asked: I really need good options on how to refinance a home mortgage with negative equity. Currently my mortgage wont allow me a refinance. Any options on what i could do?Outdoor Solar Lighting