Is in attendance such a entity as a "combined mortgage"?
I need to refinance my mortgage out of the ARM I enjoy ASAP. My father is also interested in refinancing his home to a lower rate as in good health. He has be talking beside a Broker about a "combined mortgage" (I hold never heard of this, I am also surrounded by the mortgage business).I originally thought the man will be doing the refi on my fathers home, taking lolly out, and paying off mine, but he say this isn't the case. There will be a "ghoul lien" placed on my property and each of us will be making payments to the loan...can someone explain this process? I've never hear of it.
Does this even exist? What are the pro's and con's of combining our mortgages (as far as property taxes and interest payments goes) and will this affect my credit and income tax deduction? Am I better off refinancing on my own?
Thank you!
Answers: A; at hand is no such thing as a phantom lien--he might be saying that you
will sign a promissory record instead of
a mortgage note. And he possible will not file it. It is legally recognized to do so but
very stuip bring you would not be
protected in a payoff.
b; I mull over he also was taking almost
[combo] a blanket mortgage covering
2 or more parcels.
I suggest getting in writing what
he suggested to you and
later, finding another mortgage
broker.
And do not have your dad give support to you
re-fi your home--it will lead to
sour state of mind inevitably.
Hope that helps
YOu are not the single one,I have ever met the similiar problem formerly.I have well brought-up experience here though.http://loan.goodhelper.info/car-loan-pay...
Why does Yahoo maintain doing articles on Real Estate for the "Top Stories?"?
Every other day, there's a "new" story on some "Real Estate Top 10" or "The worst Real Estate area" or "When you should buy your subsequent house"It's like, impossible to tell apart old story, near just different words! It's certainly annoying!
Answers: cause it is a hot topic surrounded by our falling real estate souk. if your not interested just fail to acknowledge these articles...cause until things start to rise we will adjectives be interested in what the experts infer will become of our depreciating nest eggs.
do you read 'em? thats why.
I totally hear you though, I wish they would take some new accepted wisdom!
because our economy relies a alot of definite estate, and its falling which = our $ is worth even less, the stock market are going down because of so many forclosure, and petrolium is going up
discount = bad = $ smaller amount value
and right in a minute real estate is surrounded by a very desperate situation, the biggest real estate company is self bout out by a bank i believe, idk
something is going down and its gonna going to be angelic
People are probably interested and reading them. Also, the demographics of someone who clicks on that link are going to be much more exciting to advertisers than "Paris Hilton arrested again"
How can I find out what the approximate land value is per acre in the greater Grand Rapids area?
Answers: Sounds like a great question for an abstracter or a title company. I believe the land in Michigan is Torrens...so there may be separate indicators for land values as apposed to the improved value.
ask any real estate agent
in that area; over the net or in person; that is part of what they do
all the time; and most have software
to give you updates on all RE values!