I know there is a law that was passed that stops mortgage companies from forcing home owners to insure their homes to loan value instead of the appraised value. I used to have a copy of that document that I would use when I went up against the mortgage companies, but I can’t find it. Can anyone help?
I know there is a law that was passed that stops mortgage companies from forcing home owners to insure their homes to loan value instead of the appraised value. I used to have a copy of that document that I would use when I went up against the mortgage companies, but I can’t find it. Can anyone help?
Feb 282012
I am planning to buy a house in the state of washington in year 2010. Since I don’t have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.
I am in serious debt with the IRS. We owe every single year, as we have no dependants. I am now filing single zero, but fear I may never catch up from the 15K we already owe. What else can we itemize besides our student loan and mortgage intersts?
Feb 272012
I got a letter today from a Countrywide loan representative saying that basically they are transitioning my mortgage (I don’t know if they are doing this for all their mortgages) to B of A. My mortgage began about 5 years ago and it wasn’t subprime. It’s also an 80/15 loan. What does this mean for me eventually? Will I be logging on to a different web site to pay my mortgage?
Feb 272012
I’m looking for low rates on a 30 year fixed with low closing costs and no BS. Anybody had any good experiences with reputable mortgage companies out there that would fit my profile and needs? Thanks.
I’d like to get a mortgage but I owned a rattlesnake once. What kind of trouble will I get in for lying on a mortgage application to cover this fact up?? Might it be okay if I say I owned one before I was 22 if they can’t prove when I had the snake?
I forgot to file taxes in 2005. I have to turn in past 2 years tax returns for final mortgage approval. I filed the return right away, dropped it off at local office with check for balance. Will this hurt my chances of the mortgage going through? Bank had my W2s and tax returns will match up.
Is it possible for a home mortgage to dissolved upon the home owner or borrowers death? I figured the estate or family is responsible but what if the home has no next of kin or goes to the state or something. Question has come up a few times in conversation. Called a big bank and they don’t know how to answer this question. Does this have anything to do with recourse and/or non recourse?
I have debt from my old business and now I am a student. However we deligently paying monthly minimum payment. To purchase a home I am willing to put 5% down. With me and my spouse we have more than required income to pay monthly mortgage and other expenses.
What are the chances of obtaining mortgage loan in this situation? Is my application going to get rejected ? Does business loans have any impact on my personal home mortgage application?
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