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It's like if you needed $5000 to buy a car, and you borrowed $3000 from your father and $2000 from your uncle.
The difference between what your home is worth and the total principle you still owe is called equity. As you continue to make payments, and the value of your house appreciates, your equity grows. That equity can be used as collateral; you can borrow against it.
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Can you have a sky dish on a grade 2 listed building?
yes you can. theres one on my dads house
What is a real world example of a noncollinear?
Let's say that you have houses 1, 2, and 3, we also have Main Street, and 1st street. House 1 and 2 both lie on Main Street, but house 3 does not. House 2 and 3 both lie on 1st street, but house 1 does not. This is an example of non-collinear points because house 1, and 2 can be on the same street, House 2 and 3 can be on the same street, but not all three houses, or points, can be on the same street, or line.
If Sally can paint a house in 4 hours and John can paint the same house in 6 hour?
2 Hours & 24 minutes
What one plus one?
2
What's one plus one?
1+1=2
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.
I own 2 homes with mortgages. If I file for bankruptcy and have an IRA that can pay for one of the two homes can I keep it?
Get professional help NOW. Your IRA is exempt, doing what you suggest only would mean you could lose it, and the house, when losing neither is actually possible.
How do you sell a home with 2 mortgages?
Your asking price for the home should be for at least the total of both mortgages. At closing both will be paid off.
Registered owner and legal owner of a car?
Who is the legal owner or owners of a car if it is registered in one name but paid for jointly by 2 parties
What should you do if you have a second mortgage on your home and you owe 100000 between the 2 mortgages and the house is worth 85000 but you would like to pay off some credit cards?
you are in upside down then. I am surprised you could have mortgaged for more than the house is worth
How many lamborghini's are in Zambia?
2 and am a proud owner of one
What are typical Colorado mortgage rates?
The average price for a house in Colorado is substantially higher than that of the average for the entire United States. Some of the available mortgages in Colorado include fixed rate mortgages, adjustable rate mortgages and home equity loans. The average for a 30 year fixed mortgage is 3.65% while a home equity loan will usually have an introductory rate for 12 months of around 2% APR.
If a tenant stays in a rental house for a longer time. Does he has the right to become the owner of the house?
Most likely not: if you're paying rent on a house you could live there forever and still not own the house. I lived in a house for 17 1/2 years as a tenant before I moved out: I don't own it. He has the right to become the owner if the true owner agrees to put the house up for sell. But then again there is no point. You would be safer as a homeowner rather than renting the house, because if the owner all of the sudden wants the house for something then they might kick you out and you will have no where else to go. And yes renting is probably cheaper than owning the house but you will have no worries of something like that happening.
What if there are numerous liens on a house that 1-is damaged to the point of being worth less than the mortgage and 2-the home owner has never made any payments on the mortgage filing bankruptcy?
In addition to the question, I am interested in buying this house and the owner is a relative.
What types of loans can be taken from Abbey Mortgages?
These are the 2 loans that can be taken out from Abbey Mortgages: Standard Abbey Personal Loans,Green Abbey Personal Loans
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
As the owner of this betta fish its been in the house for 2 week and it has fin rot and it will not eat. can you please help me?
FEED IT PEAS!!! REALLY!!!
