Q&A: In Texas, how do you get a loan against home and land that has no prior mortgage?
Some cool castle pictures: Castle versus TrTr Image by crises_crs Castle rulz -) If you would like to see more homes click right here… castle Image by ~ Abdulhai A. Al-Abdulhai~ Tarout Castle which was befor much more than handured years ago…. Thanks to dear Hussain for editing… For far more properties click right here… by Chris Devers Question by Rosanne R: Does a cosigners signature from a past car loan affect a current buyers credit rating? Credit rating of cosigner, about it or current debt of prior cosigner,-does it show up when the car buyer, who has now paid off car, applies for credit for home loan or other credit or loan? Best answer: Answer by SPIFIMAN1The only thing that will show is the pay history on the loan. If it was paid as agreed then there will be no problem, if on the other hand if it was paid late or not at all, this will reflect on both signers credit report. As far as current debt of the co-signer, unless you are on those loans also, this will not affect you at all. Add your own answer in the comments! Question by stephen t: How Do FHA Loans Work? What is there Max LTV on purchases and refis? Who qualifies, there credit scores, information pills debt-to-income? Do they do stated or no doc programs? Thanks. Best answer: Answer by devi pI think it will be same as the other loan….. Just take look at the link below to learn more about other loans. Know better? Leave your own answer in the comments! Question by TLH: In Texas, hospital how do you get a loan against home and land that has no prior mortgage? My aunt gave my spouse & I a home and we want to get a loan to fix it up some. We have only rented before, ailment so we aren’t sure what we need to do to get this type of loan, besides just show up at the bank. What can we do to prepare? Best answer: Answer by YirmiyahuYou have a few options – all of which will depend on your qualifications as a suitable borrower. Your local bank or mortgage broker can assist with any of these options (and others). 1. “Cash Out Refinance” – traditional mortgage where some of the equity of the property is borrowed for any purpose. 2. “FHA 203B” – special government loan program for construction and rehabilitation purposes. The amount borrowed can be the amount of the value of the property. 3. “FHA Title 1” – special government loan program for rehabilitation / fix up. Amount borrowed is usually between $ 15,000 and $ 25,000. 4. “Home Equity Line of Credit” – revolving line of credit, secured by the property; money borrowed can be used for any purpose. Meet with a trusted loan officer at your bank to discuss these and other options. Don’t rush into a decision. Know better? Leave your own answer in the...
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