Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan?
Posts Tagged ‘loan’
How likely is to get a home loan from a bank when having over $60,000 out in school loans?
I graduated from college last year and am wanting to buy/build a house. I am curious about how likely it is to get approved for home loans when I have around $60,000 in debt from school. Is this even an option for me right now?
Should we roll our second home line of equity loan into our first which we are refinancing?
We are refinancing our first mortgage. We have a second which is a home equity line of credit at 7.78% We can probably pay it off in 10 years. Should we roll it into our first and refinance both at 5.20% for 30 years? Would the difference in interest rates offset [...]
Can I get a car loan after refinancing my house?
We are working on refinancing our house and so far all is well. We plan to purchase a vehicle in a month or so. I am wondering if there will be a problem getting a car loan with minimal interest rate after refinancing our house. Any advice is much appreciated.
What is the difference between a mortgage and a home equity loan?
I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a home equity [...]
What is the difference between PMI and an 80/20 loan?
This ties back to my previous question, my friends are being told their monthly payments will be around $1200 for a $120K house using a 6.7% interest rate on a 30yr fixed. Seems impossible to me when comparing to amortization tables (I come up with 800/mo).
Some of the answers told me the explanation could [...]
Is there a more ridiculous question than “How can you afford to eat, but can’t afford to pay off your loan”?
I have a high interest loan with payment protection insurance, which I have had to make a claim on. I had to retire this year, due to a terminal illness, and as I have no income I had to stop payments and claim on the ppi. The insurance claim is taking months to complete, and [...]
Do different banks go by their own Parameters when considering refinancing a loan for a house?
BofA told us that their parameters changed and went lower and therefore we do not qualify to refinance.
Do different companies/mtg lenders go by their own Parameters when considering clients/customers for refinancing? Or is it all the same for lien holders?
Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?
I know that student loan interest can be deducted.
My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?
Thanks!
Morgage Loan with no closing costs and no PMI?
I got a offer in the mail from Bank of America that offered a home loan with no closings costs and no need for private mortgage insurance (which I would need with any other lender because I don’t have 20%).
Now this seems like a great deal, and I read the fine print and [...]