Family Member

Y? asked: We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? [...]

Continue Reading How do I calculate mortgage payments when buying a home from a family member?

Tags: Buying A Home, Calculate Mortgage, Family Member, Flexibility, Money, Monthly Mortgage Payments, Monthly Payments, Mortgage Bank, Renting, Using A Lawyer

Jason asked: My wife and I just found out that my mother in-law has been letting a family member pay her mortgage for her. Roughly 2400 a month. Does she(mother in law) have to declare this as income?Instant Auto Insurance Quote

Continue Reading If someone pays your monthly mortgage payment for you do you have to declare that as income?

Tags: Family Member, Mortgage Payment, Mother In Law

2Sly asked: I’ve been getting calls from a Mortgage Protection company at my home and they are asking for a family member who does not live here and never has.He has gotten loans and credit cards in my name before.Who do I need to contact to find out about this?Would there be a department in [...]

Continue Reading Where can I find out if someone has taken out a mortgage on my home without my knowledge?

Tags: Contact, Credit Cards, Family Member, Knowledge, Loans, Mortgage Company, Mortgage Protection, Protection Company

Louie Latour asked: If you have lost a home to foreclosure you might think mortgage lenders will not be willing to give you another chance. While having a foreclosure or bankruptcy makes qualifying for a good mortgage challenging, it is not impossible. Here are tips to help you back on the road to homeownership after [...]

Continue Reading Mortgage Loans After Foreclosure: How to Qualify for the Best Mortgage

Tags: Competitive Interest Rates, Family Member, Financial Hardships, Free Mortgage, Havoc, Interest Rate, Mortgage Options, Necessary Time, Subprime Lenders, Subprime Mortgage Lenders