Nov
27
How can I get mortgage company to endorse insurance check before work is done?
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Question by Susan D: How can I get mortgage company to endorse insurance check before work is done?
I have a check from my insurance company for hurricane damage. My mortgage company will not endorse the check until the work is done. I need the money to get the served done. How can I get the mortgage company to endorse the check ?
Best answer:
Answer by mbrcatz
You can’t. But you could have your adjuster reissue the check directly to the contractor.Any contractor should be willing to work with you on this – you’ll likely have to pay them your deductible, directly, but most REAL contractors that don’t scam you, should be willing to take payments as the job completes.
What do you think? Answer below!
Nov
23
How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited?
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Question by nikki: How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited?
I am try to find a home loan that I can get that is secured for badly credit regardless of income, no money down payment and amount of home purchase is not restricted.. We started into this home with a land undertake. We put all of our money into it and now they are selling it right out from under us in just a few days. This has been checked and is legal. Please give me an answer as soon as possible.
Best answer:
Answer by kja63
Loan shark?
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Nov
19
Question by Dusky Diva: How can I get a personal loan from my home loan?
I have owned my home for three years but since refi-ing it two more times have close to no equity. With that said, is there a way that I could find a companion to give me a medical loan with the house as collateral? My mortgage company wouldn’t do it even though the note has never been late.
Best answer:
Answer by Steve D
No…you need to have equity in the house to borrow against. In fact, near banks winning’t even start looking at a second mortgage until you are below 80% loan-to-value on the first.
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Nov
15
Can a home loan typically be used to purchase a live/work space?
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Question by Matt: Can a home loan typically be used to purchase a live/work space?
I recently was pre-approved for a home loan. I was looking at a normal house, but now I have an opportunity to purchase a live/work space for the exact same amount of money. Is this generally acceptable?
Best answer:
Answer by Spock (rhp)
ask the lender for this — details vary by specific loan program.the usual answer is ‘yes’ — but that doesn’t mean it holds in all cases.
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Nov
11
What happens to the mortgage on a house that is left to me in a will?
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Question by Lost in Massachusetts: What happens to the mortgage on a house that is left to me in a will?
A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me.
Best answer:
Answer by kemperk
in most all cases, there is a miniclause in a mortgage note thatstates if the obligee dies before thedebt is paid, xyz insurance company willpay off the mortgage.IN NO NO NO circumstances isany relative ever obligated to pay offanother deceased relative’s mortgage.meaning those who were not on thenote in the first place]
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Nov
7
Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?
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Question by cookingmomma: Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?
If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second bond put a monkey-wrench in refinancing the first?
Best answer:
Answer by Tim
Normally you roll them both together. You can get better rates on a 1st than a 2nd.
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