Posts tagged "Lot"

What happens to your mortgage if you sell your home for less than you owe?

We want to get into a bigger house. We live in a small condominium that we paid a lot for. We will never get so much for her that we need for our loan, but rose to it. We are not in a situation of exclusion, because we make payments on time without a problem. If we sell our house unless we add the balance of our guides on the loan for a new home, or what we owe to the bank balance is and then what?

When should I purchase a home?

I am currently renting in Orlando, FL and have been playing around with the idea of purchasing at the end of this year. Were I to do this, I would be getting an FHA loan and putting about 3% down.

On the other hand, I could wait another year and save enough to put the 20% required to forego the PMI insurance. The only potential downsides to this option are:
1) Mortgage rates will more than likely increase causing my loan to cost more.
2) There has been a lot of talk about the housing market in Orlando making a slow turnaround at the end of this year, and if that is the case, if I decide to buy towards the end of 2009, I will have less leverage as there will be more demand for homes as well as the potential for the home costing more.

My question, is basically whether I should purchase at the end of 2008 or the end of 2009.

Thank in advance for your help.

General warranty deed state of Texas home exemption question?

My parents co signed on the loan for my home. Since they did this, I cannot claim 100% homestead exemption in the state of Texas. If my parents sign themselves off of the Warranty deed, can I claim 100% Homestead exemption?
Can my parents even take themselves off the deed without changing their status on the mortgage?
Thank you very much!
I don’t want them off of my mortgage, just off of the warranty deed therefore allowing me to claim 100% Homestead exemption. I have good credit but I work for myself and a lot of my income is not shown therefore I cannot legally claim it to my mortgage broker. So.. I need my parents on the mortgage. I have never missed a payment on anything.

• warranty deed texas

How can I become a mortgage loan officer? Preferably a successful one…?

I heard they can make pretty good money, which would be quite refreshing after three years in the non-profit sector…
I have experience in finances and I am good with numbers in general. Been told that I’ve got some people skills too – I smile a lot so if you have any suggestios or ideas please write me a few words. Need to make more money if I want kids soon! and a girl can always use a few pairs of fancy new shoes
thanks everyone

How do I build a successful career as a good mortgage loan officer in a down housing market?

I have recently become a mortgage loan officer in the DFW area. There is not a lot of experience in my office. Any advice where I can get assistance to survive this market? I would be happy to learn how to close at least one loan per month then build from there. Thanks for your assistance.

What would be the things that could keep you from getting a loan modification?

I have heard a lot about this loan modification and have been receiving not so clear answers to my question. I presently have a tax lien on my home, 2 months behind in my mortgage, make the same salary as when I bought the home 2 years ago. Do I qualify?

Where can I find guidelines for Obama’s mortgage loan modification program?

I was denied over the phone because my income has dropped too low. I don’t want to lose my home, any website where it actually lists if my income is a certain level I won’t qualify? I can’t help I have a lot of debt like credit card and car payments so they said my income had to be double what it actually is right now.

• obama loan modification program guideline minor child

How do I know the quality of a home theater system?