I need to get a loan to pay off some credit card debt and get myself financially stable again. I have equity in my home (1st mortgage) and also have assets that I can use as collateral. I need to get a loan for about 12,000. What is the best type of loan I should get? Equity or personal?
I inharited a 450,000 dollar home with my sister. She had bad credit so we quick claimed her portion to me so I could borrow some equity and pay the steep taxes and do some renovations and blah blah blah
I regretfully doctored the paperwork to embelish my work history and bank statements so I would get appoved for the loan. This was so bad,i know but I was scared about the state taking the house due to all the back taxes and fees so I acted out of fear and ignorance.
Fast forward 1 1/2 years…
My sister has gone NUTS!!!! she wont work, she wont take care of the house, she is terribly depressed and drinks a lot, she does not help me repay pay the mortgage, she kicked me out then my other sister a week later. I am left living with a friend with my baby while I pay the total mortgage on my own. In addition to all that, my sister is demanding I give her MORE money since she spent up the 60,000 I gave her already.
she calls me at all hours, demanding money, threatening my life, threatening to burn down the house and all in it!
Worst of all she said she will expose my fraud to the bank and have them foreclose on me. can this be done? I pay the mortgage, will they take my home and all the equity left in it?
Can I evict her? can I “divorce” her in court? Will I ever have peace again? Do I need a lawyer? I know she has contacted one (the fool called me thinking I was my sister IDIOT!)
Remember I do own the house…well with the bank too. What should I do?
We applied to refinance our house since we have so much equity in our home and we were approved the next day. We paid the mortgage company $430.00 to come and do an appraisal. The money came out of our account that very day, but we didn’t hear anything from an appraiser (Who was supposed to call and set up an appointment). Two days later, the mortgage company called back and said that the underwriters are now not going to approve the loan and they are going to refund our money. Has this ever happened to anyone and can they change their minds like that? We have not missed any payments and our credit it high 600s and low 700s depending on where our scores are pulled. They obviously blamed it on the economy, but it doesn’t seem right.
home equty loan or refinance because of my bad credit score,can i transfer the title to my brother who has a good credit and a better income and refinace it under his name ,what’s involve in this and is this legal.
We applied to refinance our house since we have so much equity in our home and we were approved the next day. We paid the mortgage company $430.00 to come and do an appraisal. The money came out of our account that very day, but we didn’t hear anything from an appraiser (Who was supposed to call and set up an appointment). Two days later, the mortgage company called back and said that the underwriters are now not going to approve the loan and they are going to refund our money. Has this ever happened to anyone and can they change their minds like that? We have not missed any payments and our credit it high 600s and low 700s depending on where our scores are pulled. They obviously blamed it on the economy, but it doesn’t seem right.