Tag Archives: loan

Q&A: Are interests from a loan to update a roof tax deductible?

Question by gtmds: Are interests from a loan to update a roof tax deductible?
I live in Florida-US and am updating the old roof of my home with a completely new one before the next hurricane season. I assume that this won’t be a tax deductible expense if I pay for it directly, but would I be able to deduct interests of a home equity loan used towards this renovation?

Best answer:

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Q&A: “Can I have my mom, add my name to her deed, so I can get an equity loan to move her to Florida?

Question by ann: “Can I have my mom, add my name to her deed, so I can get an equity loan to move her to Florida?
My mom is disabled, she has medicare, and some form of Medicaid, there are no liens on her home., she has no cash assets. I need to move her to Florida. Her credit is poor., and we don’t want to take a reverse mortgage to get funds to move her to Florida.

Best answer:

Answer by irenkedezso
Yes you can transfer the Deed in your name and get a line of credit to help her move and take care of her

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What are our home loan options?

Question by reese: What are our home loan options?
My husband and I are looking to buy a home in the very near future but we’re having trouble finding the right loan. My husband has spoken with a loan officer (she may be a mortgage broker, I’m unsure) who says he cannot get a loan right now because he has a loan on a condo he purchased just over a year ago.

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Can they foreclose if I only default on my home equity loan, not my first or second mortgage?

Question by keithgle: Can they foreclose if I only default on my home equity loan, not my first or second mortgage?
I’m being forced to relocate for my job, and I’m trying to avoid foreclosure or a short sale- I’d like to try to keep current on as much of my debt as possible. My home is currently worth less than half of what I owe (in florida). I do not qualify for refinancing because ratio of the value of the house to loan value. The notes are held by Freddie Mac. I am hoping that they will write a portion off, with the understanding that I’m still paying on a value far higher than I could sell for. (Mortgages worth $ 17K, HELOC of $ 45K, current home resale value ~$ 110K. I just want to be able to rent it and keep my head above water. Help.

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Q&A: i live in Florida, and am looking for a company who will give an equity loan on my mobile home and land.?

Question by cusmilinfla: i live in Florida, and am looking for a company who will give an equity loan on my mobile home and land.?
it has not been easy, but anyone who can help me plase do.. they are both paid off and worth $ 100,000..

Best answer:

Answer by Cathy V
Try this website. They’ll match you with several lenders in Florida each one with different pricing and options. You can then compare and choose the best: the one that saves you more money while offering a lower rate, lower fees and lower monthly payments.

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Instant Equity for Home Loan Remodeling

FOXBORO, MA (PRWEB) October 26, 2006

Easy Apps Mortgage, a mortgage broker based in Foxboro, MA, with offices in Florida, is working with selected wholesale lenders who are now offering homeowners instant equity in their home for remodeling projects. The announcement was made by company president Robert David.

When a home owner decides to remodel or add on to their existing home, many home owners look to acquire additional financing for their project. Most lenders will lend funds based on the current equity in the home. With properties values flatting, or in some cases, declining, it is difficult for many home owners to get the needed financing.

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Florida’s Affordable Loan Modification Company Keeplivinginyourhome.com Comments On Rise In Foreclosures

Boca Raton, FL (PRWEB) December 21, 2009

With the current unemployment rate in the U.S. rising to nearly 10%, the foreclosure crisis has affected nearly 938,000 properties between July to September, compared with 890,000 in the previous quarter, and a 23% increase from the third quarter of 2008. According to RealtyTrac, if this trend continues, foreclosures may hit about 3.5 million this year, compared to 2.3 million homes last year.

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can we get a home equity loan?

Question by Asdlkfhjskldja Sdkfjhasdkjl: can we get a home equity loan?
ok so like we want a home equity loan and we want one off my grand fathers house he has been there for 17 years and has been paying 1100$ a month he owes like 230000$ or something but hes payed half of his house off we believe he lives in Massachusetts and we want the loan for about 3000$ will they give it to him?

also a while back there was anther mortgage taken out for a condo in florida for 1000$ a month so all together he is paying 2100$ a month for his house and the condo can he get a home equity loan on his home? \

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TexasLending.com to Discuss Rising Home Loan Rates on KLIF AM Radio


Dallas, TX (PRWEB) July 08, 2011

Kevin Miller of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas reverse mortgages, will be discussing the rising home loan rate environment on his weekend radio show. In Dallas/Fort Worth the show can be heard Saturday on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.

?This week we will focus on the how to make sure you get your loan in before the current home loan rates rise as they are showing signs of being on the rise once again.? stated Kevin Miller.

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Tennessee Home Loans Expert The Mortgage Depot Announces New Florida Home Loan Services

Brentwood, TN (PRWEB) March 8, 2007

The Mortgage Depot (http://www.tmdloan.com) is pleased to announce they have received their Florida Correspondent Mortgage Lender License. The company is still maintaining its Tennessee home loans programs, but with this new license they can now assist customers in Florida for refinance or purchase.

Individuals who have worked with the Tennessee home loans programs can attest to how effective The Mortgage Depot can be when searching for either a new home loan or a refinance program that is both easy to understand and affordable.

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