Tag Archives: property

I would like to refinance a commercial property and payoff a second mortgage?

Question by carmen p: I would like to refinance a commercial property and payoff a second mortgage? I have a second mortgage on my personal property with a 6.50% I want to refinance a commercial property and pay off that … Continue reading

Posted in Q&A | Tagged , , , , , , , | 1 Comment

can a property be mortgaged without grantee knowledge if there is a life estate deed?

Question by B: can a property be mortgaged without grantee knowledge if there is a life estate deed? Mother has Deed of Life Estate. Family member refinanced property without her knowledge. Is this legal? She is not on the mortgage … Continue reading

Posted in Q&A | Tagged , , , , , , , , | Leave a comment

Q&A: Can fees used to secure a mortgage refinance be added to the property cost basis?

Question by MikeC: Can fees used to secure a mortgage refinance be added to the property cost basis? Best answer: Answer by bud68No. Know better? Leave your own answer in the comments!

Posted in Q&A | Tagged , , , , , , , , | 1 Comment

Can I get a Hard Money loan & then Refinance Mortgage on a foreclosure property?

by cogdogblog Question by J Storm the Phenomenon: Can I get a Hard Money loan & then Refinance Mortgage on a foreclosure property? And How do i go about it? I took a brief real estate class and i remember … Continue reading

Posted in Q&A | Tagged , , , , , , | 1 Comment

Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this?

Question by i w: Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this? The mortgage resets in another 2 months and the payment will go up about $ 500. Is their any … Continue reading

Posted in Q&A | Tagged , , , , , , , , , | 11 Comments

Does the property tax amount change if you refinance ur mortgage and the appraisal of the house is now higher?

by haytham fox Question by TraderPat: Does the property tax amount change if you refinance ur mortgage and the appraisal of the house is now higher? My Main issue is to find out if its worth refinancing a house, because … Continue reading

Posted in Q&A | Tagged , , , , , , , | 5 Comments

How do I refinance when my mortgage is more than the property value.?

Question by teachingmother: How do I refinance when my mortgage is more than the property value.? My husband & I purchased our condo with two loans from Bank of America: a 5/1 ARM @ 5.25% and a 2nd mortgage @ … Continue reading

Posted in Q&A | Tagged , , , , , | 5 Comments

Do I have to pay county property taxes while refinancing?

by truliavisuals Question by bhargav: Do I have to pay county property taxes while refinancing? Good faith estimate from refinancing mortgage lender show 11 months property taxes. My understanding is we have already paid property taxes with existing lender. Best … Continue reading

Posted in Q&A | Tagged , , , | 2 Comments

What are the disadvantages of refinancing when ones property is devalued by about $40,000?

by Jim Carson Question by Lucy S: What are the disadvantages of refinancing when ones property is devalued by about ,000? I would like to know if it is worth it to refinance a mortgage that has only about 12 … Continue reading

Posted in Q&A | Tagged , , , , , , | 4 Comments

Am I required by law to get a property value assessment when refinancing my mortgage?

Question by Masters: Am I required by law to get a property value assessment when refinancing my mortgage? The situation is that I had been working with a mortgage broker for about 3 months, of trying to get my refinance … Continue reading

Posted in Q&A | Tagged , , , , , | 1 Comment