I recently went in with my parents on a 5 year fixed mortgage. They could afford the house without me but I put my name on it to get a housing allowance from my company. I now want to buy my own home but require my name off the mortgage in order to get financing (on my own). The banker said that my parents would have to refinance the mortgage and pay a fine for canceling the 5 year fixed mortgage. We just wish to remove my name not redo the mortgage.
Is it possible for a parent of a married couple to take a loan or a mortgage from a parent for, lets say $ 300k or so? Is this possible? How does the interest rate work? Is it determined by the lender (the parents)? Would this be a good thing for both the kids and [...]
I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a home equity [...]
hi,.. im eighteen years old and going to buy my first car.. but got a problem on insurance… here’s my case or my question I LIVE IN CANADA..( IF THAT MAKE ANY DIFFERENCE?) is it possible for my car’s insurance to be put under my uncle’s car and me as the second driver while my [...]
I recieved a letter from spain, it said that my parents have won $ $ $ $ $ $ $ $ $ .They told my parents to send money to them and now they want more money.They told my parents that it’s not a fraud, they evan said we can contact the police or the [...]
What all do they look at for a review of a homeowners policy? We have never filed a claim or even used it but every five years (I think) they come look at the property and house inside and out to see if the policy needs added to or changed. But we never have gone [...]
akita. My parents want to give it away, but i like to keep it. The insurance guy said, No one would sell you house insurance with this dog, when my mom ask to switch insurances. Anyway i can make a deal with them that if the dog does something, i will pay for it, not [...]
My two-year-old brother dropped my brand-new, $ 1800 Macbook Pro on the kitchen floor, and now there’s a very noticeable, sizable dent and the laptop will not power on. Can my parents file an insurance claim to cover the cost of this being replaced or repaired? My dad paid for the laptop for me, but [...]
I have a credit score of 698 and I was wondering how I might get that up to 700, I have one credit card, I had another but I canceled it after I paid it off because they charged a nasty annual fee. I always pay my bills on time and in full. I do [...]
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