Mortgages

More in Mortgages

How to Use Land as Collateral for a Secured Loan

Good collateral can make or break your loan request. Developed real estate is a highly desirable form of collateral. Vacant land, on the other hand, is a riskier proposition. To use the land as collateral, you have to convince the lender that the undeveloped acreage is worth ...

How to Get a Refund of Mortgage Insurance Premiums

Mortgage insurance is designed to protect the financial interests of lenders and mortgage investors in the event that you default on your loan. Typically, you pay for the insurance with an upfront premium and monthly charges that form part of your mortgage payment. In some ...

Do Mortgage Lenders Use My Net or Gross Income?

Mortgage lenders will analyze your income and debts -- along with other factors -- when deciding whether to approve your application for a mortgage loan. And when lenders study your income, they're studying your gross income, not your net.

How Treasury Yields Affect Mortgage Interest Rates

Treasury yields are related directly to mortgage interest rates, which affect home buying and refinancing decisions. Yield is the ratio of annual interest payments to current market price, expressed as a percentage. Treasury yields are a function of monetary policy and general ...

Are Surviving Children Responsible for Mortgages?

In most cases, children are not obligated to pay a deceased parent's debt. However, if the child wishes to keep a home with a mortgage, the child may be responsible for making the payment. Even if the child isn't directly responsible, the estate is often required to satisfy ...

How to Look for Public Mortgage Records

After a mortgage loan closes, certain documents are filed for public record. These include the security instrument and the land deed. The security instrument is either a mortgage or a deed of trust, depending on which state you live it. A mortgage document includes information ...

Can I Claim My Parents House if I Pay the Mortgage?

Not all good deeds lead to punishment. If done correctly, paying your parents' mortgage is an example of this. As long as the mortgage meets conditions imposed by the Internal Revenue Service, you can claim the interest you pay as a deduction on your taxes if you have ownership ...

How a 100 Percent Home Equity Loan Works

A 100 percent home equity loan allows you to take cash from your home up to its full fair market value, or FMV, minus the balance of your first mortgage. It's a second mortgage, as it is recorded in back of your primary mortgage. A 100 percent equity loan uses your home as ...

How to Buy Short Sale Homes on FHA

Buying a short sale home has become a little easier as of 2012, as lenders have loosened the reigns in the often drawn-out short sale approval process. Short sales became the preferred way of disposing of bad assets when they surpassed bank foreclosure sales and accounted for 25 ...

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