Archive for the ‘Mortgage FAQ’ Category
How does it feel being tied down to your house mortgage and other debts?
April 28th, 2010 | 
Author: 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.
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What information can a mortgage company provide?
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 mortgage thing 30 years fixed or 30 years jumbo?
what is the best way to use mortgage. jumbo or fixed.
what happens to my mortgage if my condo is condemned?
I would like to know what will happen to my mortgage balance if my condo is condemned by natural causes, in California?
Can my spouse claim mortgage interest paid on his taxes if its under my name?
Married filing separately. His income is higher, so can he claim mortgage interest paid instead of me if it’s under my name, since we are married?
He’s a co-owner of the home but the mortgage is under my name only.
Does a first mortgage get paid off completely before a second mortgage gets any money?
I hold a second mortgage on someones home and they are now in foreclosure. Will I get any of my money back? Does the first mortgage have to receive all their money first before I get any?
Could not paying your mortgage results in not receiving full tax amount?
I have been battling with my mortage company due to high adjustable mortgage rates…so i have been refusing them payments so that they can lower my rates. Could doing this result to me owing taxes rather than recieving tax money back?
How likely is it that a bank would consolidate other debts with a new mortgage loan?
I am looking at purchasing a house but it would be much more affordable to do so should my other two major debts be consolidated into the mortgage. How likely is it that this is even a possibility? The two debts would include the last year and a half of my car loan (about $7500) and credit card debt. I would have a co-signer on the mortgage.
What happens to the mortgage when the homeowner passes away?
Does it become the responisbility of the relatives to pay on the mortgage until it is sold?
Is mortgage interest paid at closing tax deductible?
I prepared my tax return, and my 1098-T
said I had roughly $2,000 of mortgage interest paid. After getting my refund I get a corrected 1098-T saying I only have roughly $100 of mortgage interest. The remaining was paid at closing. Do I need to file a 1040X?