my mom is still paying for the land we’re on now and we want to build a house or buy a modular home and use the same land, however, no mortgage company will let us unless the land is deeded to us. a dealer mentioned an option called partial release but i don’t understand what that is or how to do it or if there is a difference between that and deeding. please help! thanks!
Posts Tagged ‘outrage’
What’s the diff. between partial release of mortgaged land and having it deeded out to you, any advantages?
Friday, November 27th, 2009What are mortgage interest rates based on and how do I estimate what my ARM rate will be when it adjusts?
Monday, August 24th, 2009My 5-1 ARM adjusted last year and went to 6.25%. It will adjust again this November. Are mortgage rates based on the feds fund rate? Or something else? How can I estimate what my new rate will be?
Why did the Chicago Mercantile Exchange tell Obama his mortgage plan stinks?
Wednesday, April 22nd, 2009http://www.cnbc.com/id/15840232?video=1039849853
This is an interview perform on CNBC yesterday. CNBC's Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.
Watch the video and tell me how you feel about Obama's mortgage plan now.