Home Loans Grand Prairie

how do i get a loan on a house that is paid for

If My House Is Paid For and I Have Bad Credit Can I Get a. – Owning your home free and clear makes it easier to get a home equity loan because it means that you have 100 percent equity and a lender can assume first lien position on your house. However, if you have bad credit you may find it hard to qualify for a loan regardless of your equity.

I’ve already covered the mortgage underwriter’s role, so let’s take a look at what “loan processors” do seeing that they’re also key to getting your loan closed in a timely fashion.. Once a loan is originated by the mortgage broker or loan officer, the corresponding paperwork is sent along to a loan processor.. The loan processor is responsible for prepping and organizing the file.

 · Real estate agents are prohibited from being paid commissions directly by consumers. All real estate commissions are therefore first paid to the seller’s agent’s broker-more commonly referred to as the listing agent-then the listing agent’s broker pays the buyer’s agent’s brokerage. An agent’s real estate license must be placed under a real estate broker’s license.

pre approval for mobile home loan how much equity to refinance home Home How To Equity Much Refinance – mapfretepeyac.com – home equity loans – Discover. Your Key to Refinancing: Loan-to-Value Ratio. When deciding if you qualify for a mortgage refinance, the loan-to-value ratio (LTV) is an important metric used by lenders to determine your eligibility. Home equity loans have much lower closing costs than primary mortgages.

Ask a real estate pro: Check your contract to see whether you can get back your deposit – Q: I was trying to buy a house, but my loan fell through, and the seller does not. you may need to take him to court to get your money back. If you have to do this and you win your case, the court.

If you are regularly paid in cash such as poker or lottery winnings you may find it hard to get a credit card or a loan. Here are some tips you can use to help your situation.

How do I get a loan to repair a house that is already paid. – Best Answer: Although the house is paid off as such and you only for it, the likelihood is that the house is actually worth a lot more. Even if you live in a low income area your house would still be worth a lot more than ten dollars as an asset and as such could be used to secure a home improvement loan from a bank or other lender.

can I get a reverse mortgage if my home is paid off–oo. – can I get a reverse mortgage if my home is paid off–oo balance?, asked by a NewRetirement member, has been answered by a retirement professional or other member. Get answers to your questions about Reverse Mortgages, Qualifying.