Tag Archive: paid

mortgage company trying to take my home, i have paid all my monthly mortgages and they still are trying to tak?

i need someone to help me fight the mortgage company to keep my home, who would that be? Answer: it makes no sense – what are you leaving out?

questions about refinancing home mortgage? ?

with the fed cutting the rates so low, now would be a good time to think about refinancing right? my mortgage interest rate is currently 6.25 fixed, i think we owe about ,000 on it. my husband and i have excellent credit, and we’ve been in our home for 5 years. would refinancing lower our …

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Is it better to borrow against home equity when you still have a first mortgage?

Our house will be paid off next year. We have some major home improvements to do in the near future. Will borrowing costs be more if we borrow against the equity after the first mortgage is paid off, or does it matter? Answer: It all depends on the specific terms. Sounds like you have tons …

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If you buy a home on a mortgage, do you have to keep it until it’s paid off?

I am thinking of buying a house on a mortgage, but I am quite reluctant to do so. Do I have to keep the house through the full term of the mortgage, or can I still sell it midway through? Answer: you can sell it at anytime, but once you sell it the proceeds from …

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My return goes down if I enter my 1098 mortgage interest on my primary home loan. Do I have to claim this?

My tax return goes down if I enter my 1098 mortgage interest paid on my primary home loan. Do I have to claim this “dedeuction”? Yes, I am itemizing. Turbotax, I add the 1098, and the refund goes from 6k to 3k. Do I have to enter it? Can I forego this “deduction”? No idea …

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How much equity does someone have to have in their home in order to qualify for a reverse mortgage?

My elderly family member owns a home (paid it off years ago) but now has a line of credit against the house for 100K. I am concerned that this member of my family is running out of money and will need a reverse mortgage in the next year or two as they will require an …

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Is it better to pay your home taxes & insurance yourself or let the mortgage pay it?

Right now our home taxes & insurance are spread out through each month. Would it save any money if we just pay it ourselves each year instead of spreading it through the mortgage? I know it would obviously lower our monthly payments but I mean is there any other way it would be better. I’m …

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can I buy a foreclosed home while I have a first and second mortgage?

I know the market is not good for selling, but I am trying to get rid of my second mortgage, which is not too big, and get a better home at the same time. I mean I am intending on selling my home. I won’t buy another home and continue to live in my own; …

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Can I change mortgage companies half way through purchasing a home?

I am purchasing a new home. We are going through our credit union with a locked in 6.375% rate. Rates are now 5.75%. We are thinking of trying to switch to a mortgage broker so that we can get out of the locked rate and get the 5.75%. Can this be done? Closing is Sept …

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Boyfriend stop paying second mortgage, and now they are trying to take home what can I do, first mortgage paid

I pay first mortgage on time and taxes on time so how can I keep my home . Answer: Mrs Power, The basic right of the second trust deed holder is to acquire the property subject only to the superior rights of the first trust deed holder. You will have to refinance your 2nd. trust …

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