if I currently own a home, and rent it out, then purchase another home to live in, and after a year the renters move out, and I can’t make the payments, and am forced to foreclose on my rental, can the mortgage company come after my new home? I live in MD. Answer: Yes, if …
Tag Archive: people
Why is home mortgage interest a tax deductible?
Answer: Because the Gummint wants people to own homes. (Actually, the Gummint wants people to own expensive homes to pay property taxes on.)
Is it possible to get a mortgage for a single family investment home under the credit of a corporation or LLC?
Is it possible to get a mortgage for a single family investment home (non owner occupied) under the credit of a corporation, LLC or Trust alone..If so what are the requirements and what lenders do this? Thanks! Answer: It is possible if the lender thinks there is enough assets in the entity to pay off …
Is a foreign currency mortgage a possibility for my future home?
I may possibly buy a home in the next couple of years depending on if I find what I like for the right price. I was wondering if a foreign currency mortgage is something that many people opt for and if it would be worth my time to research. Is there a chance for substantial …
Is a home equity mortgage the same as a second mortgage?
Are the terms interchangable or are they two different things? Answer: Yes, a home equity loan IS a 2nd mortgage. Some people however, consider a “2nd mortgage” to be a closed-end fixed rate lump sum loan. While a “line of credit” is revolving and can be used over and over again. But both loans are …
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