-
Archives
-
Recent Posts
- Mortgage on primary home to buy second home, can i deduct taxes?
- Closed mortgage calculation for equal payments for three years?
- Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?
- Mortgage calculator comparison
- can i get a bad credit mortgage loan?
Pages
Tag Archives: Second
Mortgage on primary home to buy second home, can i deduct taxes?
Question by Sylvia: Mortgage on primary home to buy second home, can i deduct taxes?
my friend’s primary home mortgage is paid off. she want to take a mortgage on the primary home in order to buy a second/vacation home. Can he deduct the taxes?
Best answer:
Answer by Cory C
your best answer would be to contact either the IRS directly or a tax preparer in your area. Tax issues are not something you want to get an unauthorized opinion on.
What do you think? Answer below!
Second Mortgage?
Question by Cowgirl Joe: Second Mortgage?
I’m going on 3 months past due now on my mortgage. In other words my home is going into forclosure. I have a second mortgage that I am gonig on 2 months past due. I’m unable to catch up on my home mortgage. I want to know should I continue to pay the second mortgage? I already know that forclosure is in the making. Don’t the second mortgage get paid first when the home is sold. (Florida)
Best answer:
Getting a Mortgage – Timing, Pre-approvals, and Second Home
Answers to common mortgage questions: How long does it take to get a mortgage? Is a preapproval necessary? Can you get a mortgage if you haven’t sold your old home yet?
Video Rating: 0 / 5
Posted in Uncategorized
Tagged Getting, Home, Mortgage, Preapprovals, Second, Timing
Leave a comment
what qualifies as a second home for mortgage loan?
Question by Alpha Bravo Charlie: what qualifies as a second home for mortgage loan?
I am working overseas, I want to buy a house in Texas. Can I consider it to be a 2nd home and ask the mortgage company to give me interest as second home instead of calling it “investment property” ?
The interest rates and taxes for 2nd home is less than investment property.
It will be rented out till we come back to Texas.
Best answer:
Answer by Tim
Because you are renting it out, it is not a second home. A second home has to be one that you can visit and stay at as your second home.
Equity Take Out / Second Mortgage
Second Mortgage and the ETO explained.
Video Rating: 0 / 5
Home Equity Loans & Second Mortgages
Nationwide Mortgage Loans is a premiere Home Equity Lender that specializes in cash out refinancing opportunities for all types of borrowers. Home equity loan options have changed dramatically in the last few years. Gone are the days of no equity 125% loans using statistical appraisals….
glenn back second wave of home mortgage defaults
the second wave of mortgage defaults are coming this isnt over yet.
Video Rating: 4 / 5
A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special…
What happens to a second mortgage when a home is purchased at a foreclosure auction?
Question by buad0118: What happens to a second mortgage when a home is purchased at a foreclosure auction?
I am going to bid on a house at foreclosure and it has a 1st mortgage of $ 280K and a second of $ 70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?
Best answer:
Posted in Uncategorized
Tagged Auction, foreclosure, happens, Home, Mortgage, purchased, Second
4 Comments
Home loan financing for Second Home purchase
Roger Schlesinger, the Mortgage Minute Guy, talks about the benefits of owning a second home and the home loan financing for a second home. Get pre-qualified now for a home loan purchase. Call now (866) 288-0088
Video Rating: 0 / 5
Refinance Second Mortgage to Your Advantage
Article by Mortgage Guru
Refinancing may be considered as a method to reduce monthly expenses on a mortgage or any other type of loan. Many banks and financial institutions offer various refinancing options to suit various financial circumstances and needs. If you have a second mortgage on your home and you wish to refinance second mortgage you may also do so with many banks or financial institutions. The application process may not be that much different than applying to refinance your first mortgage. A full application with complete documentation may be required and your lender may proceed to determine whether your may qualify for a second mortgage refinance with them. If they find that you fall short of the basic qualifications your application may either be denied or approved but with higher interest rates. If you are looking to refinance second mortgage you may be surprised to find that it could be slightly more difficult to find a bank or lender who would be willing to provide assistance. This may be because a lender in