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Talk to an attorney. Generally there is no need to do that since a spouse generally gets a 50% interest in a property once they inhabit it as a "marital residence"... State laws vary and I'm not...

Most mortgages with an interest only feature are interest only for 10 years. There are ARMs (Adjustable Rate Mortgages) whose rate changes after 5 years. The quick answer to your question should be...

The real question here, is will the mortgage convert to a "fully amortized" one when the rate adjusts in 2 years? "Rate adjustment" and conversion from "interest only" to "fully amortized" are two...

RE: "I know that first time home buyers get incentives like lower interest rates"...

No, not really... other "incentives", but not really lower rates.

The underwriting definition of a first...

I can't think of any good reason to add a person's name to a mortgage (even if it could be done ) after the mortgage has been funded. Being on a mortgage does not confir rights to the property....

Just about every mortgage lender uses all three major credit reporting agencies which include Equifax. The credit score that is typically used is the middle score, i.e. they "throw out" the highest...

A Reverse Mortgage in and of itself is neither good nor bad. If a Reverse solves your problem, then it's good, if not, then it's not so good. There are lots of fallacies about Reverse Mortgages and...

Re: "Therefore they are willing to cut the second loan amount enough to cover the closing cost."
----and----
Re: "I don't have to bring forward any money towards closing. So to me it seems pretty...

No.. it won't work.
The short answer...
Each step in your process: batteries to motor and motor to alternator and alternator to storage batteries and storage batteries back to input batteries is...

And this is different from a zone control valve, how??

There is no such thing as "judgement proof".

Contact an attorney... find out if there are any attorneys or agencies that will process a BK for you free or at least at a price you can afford.

I...

RE: "There is an item shown has being written off in bankruptcy which it wasnt.....They refuse to correct it.." What is written off in a BK is listed in the BK court papers. Try sending them a...

The lender won't let you do that. You would have to refi. Even if you were able to do that, doing that won't help your credit.
Pay all your bills that are in your name on time. The bad news on...

The 6 month LIBOR is a published index. The values changes with market forces. You loan rate is some margin (value) over that index. Your mortgage note will define exactly how your rate is...

Under the law, that $70,000 in loan reduction is a forgiveness of debt. The lender is required to file a 1099 form with the IRS for that, i.e. reported as income TO you. This means that you will be...

Install a zone control valve on the radient loops.

See.. (found with a Google search)

http://www.northernbayappraisal.com/PDF/fnma.pdf

Search within the doc for "mother-in-law"...
Its NOT a 2 family as it has no kitchen...

Unpaid lien on title = no mortgage.
Sooo... either paid at close by "someone"
or walk away.

Check to see if you can qualify for an FHA loan. That is your only possibility.

"Referral fees" are illegal under RESPA, a set of Federal regulations.

Most likely they have a number of wholesale lenders that they deal with, i.e. sell their closed loans to.

It is always prudent to do your homework on the value of anything you want to buy.

RE: Downpayment and mortages. I always tell my clients that if they are trying to buy a short sale or a REO that...

Balance due on the second is... "the balance due".

What you may be able to negotiate with them is up to them...

How much do you miss by on the reverse?
I am a Reverse Mortgage broker (only in NJ) and one of my wholesale sources has a special program for "near misses" and they have a national presence. If...

They are a licensed lender... HOWEVER, in my OPINION they are less than totally honest in their disclosure of fees, which results in them being able to quote artificially lower rates.

Just my...

It is not their decision to have you on the mortgage or not. They are powerless to have your name removed. The lender WILL NOT ALLOW IT. The ONLY way to get your name off the mortgage would be for...

If the release is not in writing somewhere, then the mortgage becomes an asset of the estate and gets treated per the will and the executor.

YOU NEED TO GET ADVICE FROM A LAWYER AT THIS POINT!!

RE: "Try to get it from your same lender.."

This may not be a good ideal. Many lenders have clauses in their contracts on the wholesale side of the transactions not to do this. In any event, it...

There are three issues here:
1) UNDER LAW, they have to send the IRS a 1099 form and this income becomes taxable... (ask your accountant!)... furthermore, you may have to pay estimated taxes on the...

If you are "current" with your mortgage payment, tell them to stop calling you.
They are probabaly trying to get you to refi.

If the existing mortgage is an FHA loan, there is the possibility that they could "assume" the mortgage... however they would have to "qualify" for the loan on their own.

Whenever someone asks me this question as a loan officer , my usual advice is...

The "co-signer" should buy the property as an investment and qualify for the loan on their own. Then they should...

Generally mortgages are underwritten on the sum of the incomes and the lowest FICO score of the borrowers (including co-signers).

If this is a "first home" , i.e. neither one of you has had an...

1) Generally all refi's require a new appraisal and reflect the value of the home as it stands.

2) While you stated that you were still "in th green"... Besides one's FICO score the other big...

Only FHA mortgages are "assumable" and the new owners need to qualify for the loan on their own.*

Removing your name from the deed constitutes a "sale" and invokes a clause in the mortgage...

My standard answer to this is... "If the monthly mortgage payment including taxes and insurance represents a good value to you for the property involved... go for it."

There are two points in a...

The 25 word or less answer to the PMI question... "The premium on an insurance policy for the benefit the lender on loans over 80% of a home's value."

Mmmm... and even if it was real, the bank would notify the IRS IMMEDIATELY of the transfer. As an individual and not an investment firm, you would be hard put to avoid paying taxes on this at the...

If the first mortgage is within 80% of present value of the home, then I'd try to pay down the second lien... otherwise... just keep paying your mortgages and all other debts on time and wait it out.

Most "national average" survey rates are low. One "provider" of such survey services got sued a year or so ago on this very issue. Besides... it's not the "rate" that counts, it's the APR. The APR...

Thanks for your answers. I looked at the current price for the approx 120 ft of copper I'll need to buy and that pretty much made the decision for me.

The only issues now are:
1) crimp on (needs...

I have a 2900 sq ft house in Central NJ that is heated by a hybrid (mixed) steam / hydronic baseboard system (house came this way!).

I have a largish enclosed unheated front porch (38x 10) with ...

"Right now" is key here. Mortgage rates change AT LEAST once a day, sometimes three times a day. The lender with the best rate at 10:30 am (usual first price fix) may not be the same one with the...