All Questions
6
questions
1
vote
1
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2k
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Will I be able to get an FHA home loan if I opt for a voluntary repossession on my current auto loan?
What i'm asking is will my credit go down that much and if I decide to voluntary repo? I'm currently at 650. If I can't get a FHA loan what are my options for buying a home with a repo on my credit ...
- 49
2
votes
2
answers
948
views
Should I pay off my student loan in the UK before getting a mortgage?
I've had a search around and there is a similar question here and maybe here. However, I think this use-case is slightly different (not to mention those answers are US based), and also the answer to ...
- 121
7
votes
5
answers
4k
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Can I use my paid-for home as collateral for a consolidation loan to pay off outstanding bills?
I'm needing to find out if I can use my home and its feed as collateral for a 3000-5000 dollar loan to pay off my outstanding bills and just have one payment.
0
votes
3
answers
176
views
collateralized mortgage obligations
I was reading a comparative description in between CDO's and CMO's on Investopedia.com and I cant seem to understand the following statement:
When the mortgages underlying a CMO are of poor credit ...
- 275
3
votes
2
answers
513
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Is a secured loan or mortgage considered debt? [duplicate]
Lets say you buy a home for $300k, and put down a $100k payment and take out a $200k loan. The house was purchased for a fair, properly appraised value.
Does this mean that you are now $200k "in ...
- 1,212
10
votes
2
answers
36k
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Construction loan for new house replacing existing mortgaged house?
Let's say I buy a home with an ordinary thirty-year mortgage, intending to renovate the house slowly and live there a long time (ten years at least). Five years into the mortgage, however, I decide I ...
