Public Records Reading - Mortgages, Do home equity loans show or just reverse and second mortgages?
I read public records when doing RE research so I am wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan? Are we saying that a home equity loan automatically shows as a lien?- Second mortgage or home equities do show, when recorded and this is the issue. I used to work for a le company for a major lender and issues do arise. Some lenders send the home equity to be recorded themselves, lenders do not know all the variables that go into a recording, they miscaculate fees, do not know about cover pages, maybe there's a dual tax id and it costs more, some states only accept single sided mortgages. Maybe the county rejects the mortgage as the font is too small, the notary stamp bled through the paper, or there is no stamp or seal at all. If it's rejected, the county sends it back to the lender, who most times thinks the mortgage is recorded until the borrower goes to refinance and the he is not on record so it takes them 6 - 8 weeks to go to their vault where they hold everything to either figure out the mortgage was not recorded or they do not have it at all. I do not know why people like home equities, for some it's a status thing. I have a 500k home equity. some need money quick and do not understand the full economic process and think home equities are a good deal because the rate is low. Like any other mortgage product, home equities have their usefullness, but it's not for everyone or every situation
- All recorded mortgages are public record. I served as Recorder of Deeds. A second mortgage is any loan that is in a second lien position. But, a second mortgage generally refers to a loan that had a given principal paid at settlement, with specific monthly payment to repay. A home equity line of credit has a max amount that can be used, but that does not mean any money had to be draw at settlement. Interest only is paid, with charges made only to the amount of principal drawn. Payments can vary
- all mortgages and liens against a property are available if you go to the court house and research the property. and usually people take second mortgages when they already have a first mortgage and a home equity loan is really a second mortgage
Knowledge Base
Does anyone know any reputable bad credit home loan dealers?
my partner and i both have bad credit. we want to know if there are any reputable bad credit home loan dealers out there that will help us get a home loan with little to no deposit required. we are both employed full time but our finances are being eaten (home loan credit)
What Credit score do I need to get approved for a home loan refinance?
i am hoping to refinance my home loan to a lower rate. i understand that applying for a new loan is a "hard inquiry" that will lower my credit score, so i do not want to apply unless i am reasonably sure of being approved. what score range would i (bad credit home loan)
What kind of home loan interest rate could I get with a bankruptcy on my record?
i have a chapter 7 bankruptcy on my record from 2003, but i have no debt and a credit score of about 700. and i have $20, 000 for a down payment. if i got a home loan, would the bankruptcy make a huge difference in the interest rate? how (home loan rate)
Knowledge Base: Home Loan
What are the key factors in obtaining a home mortgage loan?
my credit is not bad or fair. it's good, just below excellent. how good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?. hi ronnie, your credit has to be at least a 640, so i am uming you will (home loan rate)
How do we get a guaranteed bad credit home loan to purchase a new home with no cosigner?
there is no such thing. you have a better chance finding bigfoot or elvis!. you find that then you are the luckiest person. home mortgage loan refers to the loan lent to someone who buys a house from a developer, makes the initial payment and lets the bank to pay (home loan refinance)
What is the maximum limit of home loan credit score rating could help avail?
do not wander here and there just visit: antifraudreport.com. hi if you looking for a legitimate online loans in 1 hour. once approved your loan will be transferred directly to your checking account promptly, and securely. now you will be able to use the cash for all your necessities. legitimatepaydayloans.net (home loan rate)
Bad credit Home loan, How can you get a home loan with really poor credit?
my husband, myself and our kids, are living with his parents, for the past six months. we both have very poor credit and are in desparate need of our own place. we now can afford our own place but cannot get a loan to purchase one. we have down payment (home loan credit)
Can I use my current owned home as collateral on new home mortgage loan?
my family and i live in a home legally donated to us by my father. we have ownership. can we use this home as collateral for a mortgage loan on another home in another state? if so, how does that work?. is the home worth more than the home you (home loan refinance)
Knowledge Base: Home Equity Loans
It is a buyer's market - I understand that. Home equity loans, how do they work?
if i purchase a home for $300, 000, but it is appraised for $350, 000, will i have automatic built - in equity that i can use to consolidate $12, 000 in school loans and credit card debt? or, will i still have to pay down some of the p&i (home equity loans)
More than one home equity loans at a time?
i want to know if i can get more than one home equity loans at a time for a single house from different banks. because i have applied for a home equity loan from a bank, but it seems to be not enough for me to do what i want (home equity loans)
Home equity loans what happens when my mom dies?
my mother who is 85 got a equity loan on her home rather than a reverse mortage loan. i was told today that when she p es the total loan becomes due and payable? basicly that we can not just keep making the payments. is that true? she did this (home equity loans)
Public Records Reading - Mortgages, Do home equity loans show or just reverse and second mortgages?
i read public records when doing re research so i am wondering. i guess that only second and reverse mortgages show. and why would someone choose a second mortgage vs home equity loan? are we saying that a home equity loan automatically shows as a lien?. all mortgages and liens (home equity loans)
is there a place that offers home equity loans to people that have bad credit?
my boyfriend and i own our home with no mortgage. we have around $76, 000 of equity in our home but have bad credit. is there somewhere we can go for a loan that works with the better business bureau. i want to make sure its legit. there are what (home equity loans)
Knowledge Base Categories:
- Home Loan
- Home Equity Loans [6]
- Home Loan Credit [10]
- Home Loan Refinance [5]
