Question by Alizia: What is the difference between mortgage tax and property tax?
mortgage tax is the same as property tax but mortgage tax is pay to the bank because you borrow the mortgage loan?
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W-2 forms now listing health care costs
FHA will no longer offer its most popular type of reverse mortgage, no rx the standard fixed-rate Home Equity Conversion Mortgage. Borrowers who want a fixed-rate HECM reverse mortgage can only get the … it will no longer cancel insurance on new loans …
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0000 in housing repair funds on hold while Western Rhode Island Home …
To date, sildenafil there has been no indication of criminal wrongdoing. The state is … Started around 1987-88, the three-town program provides low-interest loans of up to $ 25,000 to income-eligible residents for a wide assortment of home repairs. With about …
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Risky Student Debt Is Starting to Sour
She has taken advantage of the income-based repayment option, which allows borrowers to peg their federal loan payments to a certain portion of income and lowers a borrower's monthly payment. But her income recently … Stafford loans, which account …
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Question by : Should I apply for my home loan before I find a real estate agent?
I am a first time home buyer and dont know the first thing about buying a home. I’m hoping to have a house purchased before the end of the tax credit period which I do believe is December 1st of this year. Should I go ahead and apply for the loan [which will be an FHA loan] or should I find a real estate agent first? Also, decease where would I go to apply for an FHA loan? Can I apply online? and how long does it take to get pre-approved?
Best answer:
Answer by Steve
You cant apply for a mortgage loan before you identify the property price, down payment and other terms.
You can apply get a pre-approval. Perhaps this is what your are thinking?
Depending on your credit score you may want to go to a lender, better yet ask the real estate office who the suggest. If your credit is not perfect or you want a non-standard property, you should consult a mortgage broker.
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A couple of good chateau pictures I discovered:
Chateau de Tanlay
Image by abac077
Chateau Renaissance, check XVIe et XVIIe siecles.
Extra remarkable houses click right here…
Château de Langeais
Image by FlickrDelusions
Château de Langeais, with the Langeais suspension bridge in the background
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Senate Democrats plan fresh push to ease home refinancing
WASHINGTON (Reuters) – Senate Democrats will propose legislation as early as this week to extend a government program that aims to help homeowners with government-backed loans to refinance, viagra according to aides on Capitol Hill. The proposal would expand …
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Lesniak says Christie veto misses mission of foreclosure transformation bill
But Lesniak said the federal program Christie referenced in his conditional veto was enacted in 2010 to help delinquent homeowners avoid the foreclosure process, not to transform homes that have already been foreclosed on into affordable housing …
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Question by Anthony: Has anyone out there applied to the federal hardship program for homeowners?
I have been a construction worker for 12 years and never needed help before, there but I don’t want to lose the only home my children have known.
I was hoping someone out there could give me advice on modifying my 30 year fixed rate.
Best answer:
Answer by Kim K
You can do it, dosage it will just take a LONG time and your credit may be damaged because the lapse in payment may show up. You have to have not been able to pay for over a month or so. In addition, visit this any reduction in salary, disability, and etc..will be considered into the decision making process. Contact litigation and fax them all evidence, or they will ask you for it anyway. But be prepared to wait for a decision.
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Question by Jason W: Can anyone point me to where to find a govt mortgage help program?
I have a high interest second, about it and arm on my 1st that will recast soon. Please don’t respond with your brokerage information.. not looking for that. There is supposedly a new Federal program where they will drop the value of your home to market values and allow you to refi in a lower rate and home value if you stay vs foreclosing? anyone have any direction here? Thanks!
Best answer:
Answer by J.O-Blaze
What you are looking for is an FHA Secure Mortgage.
just becareful when you search alot of Mortgage Companies come up.
FHA.gov
or
HUD.gov
might help.
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Some cool castle pictures:
Sand Castle
Image by drpavloff
Sand Castle on the ocean beach. Coney Island Beach, Brooklyn, view NY. Is that what we create our entire live waiting for it to be destroyed?
If you would like to see far more residences click right here…
Question by lifeagent: What happens if I foreclose on my mortgage? Will they audit the file if I went stated income?
Also I have a first mortgage and also an equity line. I still have money on the equity line. If i spend that before I foreclose will I become liable for that money?
Best answer:
Answer by mazziatplay
In all probability the file has already been audited and yes, web if you pull funds on the equity line you are still liable for it. Each lmortgage is two things, ambulance a note and a lien. If the first forecloses you may still bel iable on the note for the equity line.
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After the home is foreclosed, they will sell at auction, any money will be used to pay the loans, you will then be responsible for any that is still owed, plus interest, so yes you are liable for all that has not been paid off.
Foreclose is not something the mortgage holder can do. Foreclosure is something the lender does to the mortgage holder, for default of payment. Yes you will still owe the money you borrow in the equity line. You expect free money?
Of course you will. If you are in foreclosure, your HELOC may be shut down.
what happens when the first note/lender forecloses and takes back the property?
all other notes are terminated so the equity line looses any rights to the property but still holds you liable for the equity line which becomes due and owing upon the foreclosure of the first note
now with the first note, they sell the place at auction, all proceeds from the auction go toward the first note, if their is monies still owed they can take action toward attaching judgment to any other assets you may have etc, another house, bank accounts, cars, anything tangible, this also goes for the equity line as well
now if for some reason they would forgive the difference between the sale and the first note, that difference is 1099 short to you meaning IRS will considered the difference income for the year and you must pay taxes that year
depends .. I will consult with a foreclosure attorney as it might have legal consequences