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No, the second mortgage would be called a home equity loan and usually interset rates are higher. If a second loan (mortgage) is needed, it may be better to add it to the first and refinance, assuming you have equity in the home to do so
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1 plus 2 equals 2 plus 1 is an example of what addition property?
The answer is the commutative property of addition.
What property is 2 plus 1 equals 1 plus 2?
The commutative property of addition. a + b = b + a
Which shows an example of the commutative property of addition?
1 + 2 = 2 + 1
What is an example of multiplicative inverse property?
2 is the multiplicative inverse of 1/2 Therefore 2*1/2 = 1
What does the associative property of addition in math mean?
It means that if you add three numbers, it makes no difference whether you add the two left numbers first, or the two right numbers first. For example: 1 + 2 + 3 = (1 + 2) + 3 = 1 + (2 + 3) where the parentheses indicate what operation is to be done first.
What are the release dates for My First Sale - 2010 My Childhood Home or Two Mortgages 1-2?
My First Sale - 2010 My Childhood Home or Two Mortgages 1-2 was released on: USA: 1 April 2010
What documents need to filed in the court in Colorado to file a Quiet Title Suit?
The Complaint 1. Deed or other document granting you the property from whomever you purchased it; 2. All recorded documents thereafter, including: a. Mortgages b. Assignments of Mortgages c. Trust Deeds d. Substitution of Trustees
Can you apply for 2 mortgages based on one property?
Yes you may, as long as it does not exceed the value of the property. You can not obviously finance 200% of the value of your property with 2 separate loans but you can apply for a first lien mortage and a second lien mortgage, it's done very frequently with purchases to avoid PMI by splitting a 100% LTV loan into an 80% 1st loan and a 20% second mortgage.
Do all mortgages have to be paid monthly?
No, they can be 2x times a month, 1 in 2 months and adjustable.
Can ex-wife refinance with a different mortgage company if the house has 2 mortgages on it the first mortgage is in his name only and the 2nd mortgage is in both names but both names are on the deed?
Yes, If the house was given to you in the divorcee. You will also need to have a quick claim deed done and he will need to sign it. Both mortgages will have to be included in the refi, because they are both tied to the property.
What could happen if you have 2 mortgages on the same property and you only default on the smaller of the 2 mortgages?
A mortgage is a promise that you make to the lending company. You promise them that if you don't pay back the loan, then they can have your house. It's no different for the second mortgage except that if you fail to pay either bank, and they both want your house, then the first mortgage holder always wins. If you default on your second mortgage..then they have the right to foreclose and sell your property BUT they have to pay the balance on your first off. If you defalut on your first mortgage then they will give notice to your second mortgage company and give them the option to "accelerate " the mortgage and they can foreclose..but if the second does not then the first mortgage can foreclose and sell your property and only pay the second off if there is enough money from the sale. It really doesn't matter if the mortgage balance is the "smaller" it is who is recorded in first & second lien position.
1 plus 2 equals 2 plus 1 is an example of what addition property?
The answer is the commutative property of addition.
What property is 2 plus 1 equals 1 plus 2?
The commutative property of addition. a + b = b + a
Can you have two mortgages you are a married couple and wish to buy an additional property for your son as he is at university?
You can have as many mortgages as you want as long as you have sufficient assets to cover them (i.e. can't really have two mortgages on one property), sufficient money for the deposits and sufficeint income to cover the mortgages - the bank will usually lend you 4 - 5 times your annual income over all your mortgages Yes you can have 2 - 3 or more mortgages. Now you didn't say what kind of mortgage. So here are some examples: Investment Mortgage on a rental property. Since your child will be living there this may be the lesser of the types to get. You can do a "second home" type loan..rate can be better than rental but it has to be in a "second home" type area and you have to agree to occupy the property at least 14 days in 1 year. Since you will be a non-occuping buyer your rate will be higher..if your son has good credit then he may want to sign as an occupying buyer..even if he doesn't have any income. Check with your Local lenders. FHA may still allow this kind of loan..the rate would be better and down payment very little.
Which shows an example of the commutative property of addition?
1 + 2 = 2 + 1
What are the matter?
Properties of Matter: 1. Physical property 2. Chemical Property
How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
