In general terms, you will need a mortgage loan to enable you to buy a property. A mortgage lender will usually be willing to lend you between three and four times your gross salary, but these days and multiples of up to nine times are...
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In general terms, you will need a mortgage loan to enable you to buy a property. A mortgage lender will usually be willing to lend you between three and four times your gross salary, but these days and multiples of up to nine times are not unheard of, but that is extreme. A loan of over four time salary will also mean paying higher interest rates, so it is probably undesirable. A mortgage lender will include your partner’s salary in the equation if you’re buying with that partner.
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Can I use my current owned home as collateral on new home mortgage loan?
My wife and I live in a home legally donated to us by family. We have ownership. Can we use this home as collateral for a mortgage loan on another home in another state? If so, how does that work? Responses:
you would need to refinance and take out cash to purchase the additional property. i have done cross collateral one deed two... Read Full Story
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Why is home mortgage loan considered a tax benefit ?
I am planning to buy a home and wanted to know why everyone thinks that home mortgage loan is tax beneficial. Example: - If we are paying around $15, 000 a year in interest property taxes and in tax refund 15% tax bracket we get back around $2K - 3K and we are happy. Its like paying government $100 and getting back $15 and we are happy with that. Correct... Read Full Story
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Mortgage on primary home to buy second home, can i deduct taxes?
my friend's primary home mortgage is paid off. she want to take a mortgage on the primary home in order to buy a second / vacation home. Can he deduct the taxes? Responses:
I ume you mean the interest, not the taxes. In any case, the taxes are definitely deductible. The mortgage is deductible up the the amount she originally paid for her... Read Full Story
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Mortgage refinancing?
I refinanced 4 years ago for 15 yrs. Would I be better off refinancing for 30 yrs and paying more on my principal each month? Responses:
If you are looking for the best mortgage refinancing site, try this site best - mortgage - refinancing.com / Here you can find the lowest interest rate in your area
If you can handle the monthly payments and plan to remain in the home for... Read Full Story
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Number of mortgage refinancings drops; Housing market still strong as rates rise. NEWS
Byline: Jim Buchta; Staff Writer After a modest rise in mortgage interest rates and one of the best months ever for many mortgage companies, the number of people refinancing their mortgages dropped sharply last week. The news signals what might be the end of one of the biggest refinance booms ever. Publication: Star... Read Full Story
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As mortgage rates rise, refinancings fall
The sharp swing up in interest rates over the past month has slowed this year's record boom in mortgage refinancings, although many lenders expect the flood to start again if rates drop back down. Lenders said the spike upwards in interest rates has led to a drop of between 25 and 40 percent in Publication: The Boston Globe Read more..
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Profile: Mortgage refinancings
00 - 00 - 0000 Host: BOB EDWARDS Time: 10:00 - 11:00 AM BOB EDWARDS, host: 2002 has been a busy year for mortgage refinancings. In many cases, homeowners took cash out of their properties and used the money to pay off their credit cards, do some remodeling work or simply Publication: NPR Morning Edition Read more..
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Fremont Bank expands into Southern California with home mortgages
Fremont Bank, a Bay Area community bank founded in 1964, said it will expand into Southern California with the opening of a residential mortgage Read more..
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As mortgage rates rise, refinancings fall
the sharp swing up in interest rates over the past month has slowed this year's record boom in... Read Full Story
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Fifth Third Mortgage Company Helping More Homebuyers With Tax Credit
federal government's recent extension and expansion of tax credits for homebuyers has added more incentive for those looking to buy a home Read more..
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As mortgage rates rise, refinancings fall
the sharp swing up in interest rates over the past month has slowed this year's record boom in... Read Full Story
My credit isn't bad or fair. It's good, just below excellent. How good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?... Tagged as: credit, excellent, factors, successfully, obtaining, mortgage Read Full Story
