Archive for the ‘Mortgage FAQ’ Category

Situation:
1) Small business owner has his only office in his home.
2) He paid the mortgage off. House is totally debt free.
3) He uses one room as his only office that he otherwise would use as another family room if he would for example rent space for his business in a business building not belonging to him.
4) Can he bill his business with rent for that room in his own home?
5) Can he deduct rent for that office room?
6) If he ever would sell this house one day, would it still be a private house sale?

I may possibly buy a home in the next couple of years depending on if I find what I like for the right price. I was wondering if a foreign currency mortgage is something that many people opt for and if it would be worth my time to research.

Is there a chance for substantial savings if I choose to finance a home with one?

I have 4 mortgage interest form 1098, and if I can wait until next year it will benefit me. If I use them now, I’m just reporting them if does not change my out-come at all.

The mortgage company is in bankruptcy and did not pay my insurance and property taxes.

My ex-wife works for a mortgage company, is it possible for her to request my personal Banking account information. Staments / Balances with out my permission ?
The mortgage company and bank are not the same company.

I have been unable to sell my old home after more than a year, and my wife and I are unable to afford upkeep on two houses. There is sufficient equity in the home to cover the mortgage and I just want out.

When the Government hikes interest rates leading to more EMI’s on your mortgage, it adds even more misery to your bleak existence. No more degrees of freedom and a hopeless vicious cycle is what you inherit.
I’m earning a hell lot of money in my present line of work but all of it seems to go down this bottomless bit called debt. I’m young -just turned 26 and feel frustrated with this choking condition. I never asked to be in this situation but now there’s no way to get around it.

I’m looking to rent an apartment. What information can my present mortgage company release to them? We have to move because of health issues.

what is the best way to use mortgage. jumbo or fixed.

I would like to know what will happen to my mortgage balance if my condo is condemned by natural causes, in California?