I understand there are companies that do this. I would like to leave it to a family member, and am worried that they will not be able to pay the balance. This way I know it will be taken care of.

 

Say I owe $ 200,000 left on my mortgage balance, and I then short sell it for $ 130,000. What happens do the remaining $ 70,000? Does the bank just eat it or is there a tax liability? If that would be a tax liability, then what is the point of even having that loan [...]

 

I have 3 years remaining in my old house 5/1 mortgage. Im planning to sell the house and buy a new one. Can I use the old mortgage to cover the partial amount for new loan?

 

Does anyone know if you can put the remaining amount of what you owe on a truck loan onto a mortgage??? If you know of any websites that have this info please share. Thanks!

 

I have two houses for each of the mortgage (lender). A home has negative equity, and is now a high rate mortgage. Although the bank has refinanced the house for only two years ago, when the loan 80/20, they will not allow me to refinance now. I thought about renting until the market improves, but [...]

 

We are considering refinancing our mortgage for an interest rate that is 2% lower than our current one. The mortgage company will allow us to refinance for either 300 months (25-years), or for the remaining term of our original 30-year loan (324 months). Refinancing for 25-years will shave 2 years off the back of our [...]

 

my loan at 4.875 %. i was hoping to refinance down to a 20 year at 4 %. my assessment came in below – around 335k. the balance on my loan is 295k. do i have any other options for refinancing or am i stuck with my current loan? – not a terrible loan rate [...]

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