Recent questions tagged mortgage

Description : I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Last Answer : If the company thinks your husband is alive, wont they send a document to your house when it's paid off? I don't see how the mortgage company isn't aware he's dead? I guess maybe they aren't ... with the help of a lawyer. It's a simple procedure to get it fixed, assuming you have no children.

Description : Why do people seem to think buying a house is such a good thing?

Last Answer : answer:My sister thought it was a good idea. 500K on a house. Was forced to sell it in 2009 for a nice 150K loss. The idea is that you aren't paying someone else's mortgage. My sister thought their ... to scramble to come up with 1K in a few hours. It is a bit like health insurance in that regard.

Description : Does a title search show what you paid for a piece of property?

Last Answer : I’m not 100% sure but I imagine it must show what you paid.

Description : Is it a good idea or bad idea for me to buy a house?

Last Answer : Sounds like you might have a high debt to income ratio which having a too high of one will mean a bank will not give you a mortgage. With a house its not just about the mortgage, there is taxes, ... would be certain of where you want to live before you buy a home rather than sell or rent it out.

Description : Foreclosure: Short Sale or just wait?

Last Answer : answer:If you can find a reputable expert in short sales, then do one. Bankruptcy ties your hands for seven years. It is also good not to have a foreclosure on your record. You probably have a lot of equity in your home after 23 years. It would be best not to lose all of it.

Description : How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Last Answer : Should be 2 weeks tops.