and how hard is it to get your home refinanced with one spouse that has been self employed for under a year?
Tag Archives: debt
is it smart to refinance a home to pay off credit card debt,and do some home improvements?
Posted in Home Improvement
Tagged card, credit, credit card debt, debt, Home, home improvements, self, spouse, year
Question to those who are experts on home loans?
I co-own a home with a family member. It is owned free and clear, no debt is on it. We are considering consolidating all of our outstanding debt and doing home improvements on the property. What is the best option from a mortgage lender? Variable? Fixed? I have an appointment with a lender coming up soon and would like to be prepared. I have done some research but would like advice from someone in the field. Thank you very much.
Posted in Home Improvement
Tagged appointment, debt, family, family member, Home, home improvements, home loans, Lender, member, mortgage, mortgage lender, option, Property, question, Variable
Can I legally have my name removed from my mortgage that I share with my husband.?
We are in the process of an amicable divorce-he really wants to keep the house-I have no problem with it, I just don’t want to be legally resposible for the debt if he keeps it.
Posted in Mortgage Tips
Tagged amicable divorce, debt, house, husband, mortgage, name, problem, process
We bought a new home under the impression that our old home would sell for more than it is. We cant do it Help
We now won’t get enough for our first house, the banks won’t loan us any money fir a second mortgage on our new house because of debt to income ratio. We just need enough to take care of whats left on the first home after the sale. What do I do?
Posted in Homes For Sale
Tagged banks, cant, debt, debt to income ratio, fir, first house, Home, house, impression, Income, money, mortgage, ratio, second mortgage
Debt Optimization – Student Loan debt vs. Mortgage debt?
I recently graduated from grad school, and I have my share of student loans. I also am in the market to buy my first home. I have a decent sum of cash saved to put toward a down payment. However, I’m wondering what the smartest thing to do with my savings would be: 1) Pay down some of my variable interest rate private student loans or 2) Apply the savings to a downpayment. Essentially, it’s just a trade off between having student loan debt or having mortgage debt. I’m going to buy a house regardless, but it’s a question of whether I have less mortgage debt or less student loan debt. My instinct would be to apply the savings to the student loan debt since it’s interest rate is NOT tax deductible like the mortgage debt would be (I make too much money to deduct student loan interest). The variable APR on my private student loans is hovering around 7% right now (Before you ask, I have already consolidated my federal loans). What would be the smartest thing to do in this case