Remortgage Houses Answers
If you quit claimed property during a divorce per the "deal" can I sue if they didn't remortgage?
Q. When my husband was going through a divorce he quit claimed his house to his ex's parents. The deal was they gave him $3,000 and would remortgage the house and obviously make the payments. He never received the $3,000. We found out that the house foreclosed while different family members were living there because of no payment. Now he has a foreclosure on his credit. Can we sue them or do anything to change this? The deal was signed in writing. Unfortunately, he was kicked out of the house and wasn't given most of his stuff, so he doesn't have it. The divorce agreement said to sell the house and divide it all by half, but obviously that never happened.
Asked by steph - Sun Dec 30 20:39:57 2007 - Renting & Real Estate - 1 Answers - Comments
A. Was "the deal" signed to in writing by all parties? Consult a lawyer.
Answered by bud68 - Sun Dec 30 20:43:04 2007
Q. When my husband was going through a divorce he quit claimed his house to his ex's parents. The deal was they gave him $3,000 and would remortgage the house and obviously make the payments. He never received the $3,000. We found out that the house foreclosed while different family members were living there because of no payment. Now he has a foreclosure on his credit. Can we sue them or do anything to change this? The deal was signed in writing. Unfortunately, he was kicked out of the house and wasn't given most of his stuff, so he doesn't have it. The divorce agreement said to sell the house and divide it all by half, but obviously that never happened.
Asked by steph - Sun Dec 30 20:39:57 2007 - Renting & Real Estate - 1 Answers - Comments
A. Was "the deal" signed to in writing by all parties? Consult a lawyer.
Answered by bud68 - Sun Dec 30 20:43:04 2007
Is it possible to remortgage on the the value the house will be worth after work is carried out?
Q. My house is currently worth PS85,000. I am aware it would be worth substantialy more if certain work was done. As the house was in poor condition when I bought it & needed more doing to it than originally anticipated I ended up securing a loan on the property as well as taking out a personal loan to do up the house which I manage perfectly well to pay each month. Even so, there is still alot that needs be done & I have run out of funds. I am considering remortgaging to complete the work but if I was to do this I would think it sensible to clear my outstanding debts at the same time & at my houses current value it wouldnt be possible to do both. Is it possible for me to get a valuation of my property based on what it would be… [cont.]
Asked by Chell - Tue Jul 8 04:47:09 2008 - Renting & Real Estate - 6 Answers - Comments
A. Yes you can However it is normal for the extra value to be retained until the improvement work is carried out. eg if worth 85K now but 100K after improvements then you will find that 15K is retained and only handed over when work satisfactoily completed
Answered by ascoile - Tue Jul 8 04:51:39 2008
Q. My house is currently worth PS85,000. I am aware it would be worth substantialy more if certain work was done. As the house was in poor condition when I bought it & needed more doing to it than originally anticipated I ended up securing a loan on the property as well as taking out a personal loan to do up the house which I manage perfectly well to pay each month. Even so, there is still alot that needs be done & I have run out of funds. I am considering remortgaging to complete the work but if I was to do this I would think it sensible to clear my outstanding debts at the same time & at my houses current value it wouldnt be possible to do both. Is it possible for me to get a valuation of my property based on what it would be… [cont.]
Asked by Chell - Tue Jul 8 04:47:09 2008 - Renting & Real Estate - 6 Answers - Comments
A. Yes you can However it is normal for the extra value to be retained until the improvement work is carried out. eg if worth 85K now but 100K after improvements then you will find that 15K is retained and only handed over when work satisfactoily completed
Answered by ascoile - Tue Jul 8 04:51:39 2008
Has anyone here remortgaged their house to release capital? Do you think it wise in the current economy?
Q. I missed a payment (first time in 7 years) and have been struggling. As soon as you are in any difficulty they start to screw you over even more. So i figured i'd release some of the capital in my building ( i have a lot of capital). Yet my current bank is not interested for the next three months because of that one missed payment. Even though my intention is to arrive at a more stable beneficial situation to them. Any advise?
Asked by -Paine- - Sat Aug 1 08:15:32 2009 - Current Events - 4 Answers - Comments
A. i feel your pain i am currently out of work the benefit agency wont help with the mortgage but if i was renting they would help i do have capital but have no idea what to do next
Answered by stuart - Sat Aug 1 08:57:46 2009
Q. I missed a payment (first time in 7 years) and have been struggling. As soon as you are in any difficulty they start to screw you over even more. So i figured i'd release some of the capital in my building ( i have a lot of capital). Yet my current bank is not interested for the next three months because of that one missed payment. Even though my intention is to arrive at a more stable beneficial situation to them. Any advise?
Asked by -Paine- - Sat Aug 1 08:15:32 2009 - Current Events - 4 Answers - Comments
A. i feel your pain i am currently out of work the benefit agency wont help with the mortgage but if i was renting they would help i do have capital but have no idea what to do next
Answered by stuart - Sat Aug 1 08:57:46 2009
I bought a house for cash, and now want a mortgage to raise money. Do I need a remortgage or a regular mortgag
Q. As the questions says... I just bought a house and want to get a mortgage to pay back my parents who loaned me the cash to top up my purchase. I am confiused, however, do I require a regular mortgage or a remortgage?
Asked by idnzor - Fri Jul 25 09:14:41 2008 - Personal Finance - 7 Answers - Comments
Q. As the questions says... I just bought a house and want to get a mortgage to pay back my parents who loaned me the cash to top up my purchase. I am confiused, however, do I require a regular mortgage or a remortgage?
Asked by idnzor - Fri Jul 25 09:14:41 2008 - Personal Finance - 7 Answers - Comments
Can you remortgage your house to lower the original mortgage debt?
Q. From what i gather about remortgaging, you release equity on your house and you are increasing the value of your original mortgage debt. It could be to pay off credit card debts or invest into a buy to let. Well my question is: is it possible to lower the initial mortgage debt simply by remortgaging the appreciation of the house. For example, if i bought a place for 170k with a 30k deposit and since then it has risen to lets say 240k, if i remortgage with another mortgage provider can i use the capital appreciation of 70k to lower the mortgage even further? Hence, my original mortgage loan of 140k is now reduced to 70k. Is this possible or am i just dreaming?? The other thing is if the above was possible would it be best to remortgage the… [cont.]
Asked by curious - Sun Jan 13 10:55:53 2008 - Renting & Real Estate - 14 Answers - Comments
A. You have the theory of 'Mortgaging' all twisted! I had to read the question a few times to check, but NO you CAN'T remortgage to 'REDUCE' the total amount you have borrowed.. Your initial debt of PS30k, in this example, would RISE to a total debt of PS100k (PS30k plus PS70k) People pay off credit cards with a remortgage because the interest rates are lower. Releasing capital appreciation by way of remortgaging can be a good way to raise funds to use as a deposit for a Buy to Let or extension etc, but seek advice rom an expert if you are going down that route, especially at this topsy turvy financial period.
Answered by Adam B - Sun Jan 13 11:01:52 2008
Q. From what i gather about remortgaging, you release equity on your house and you are increasing the value of your original mortgage debt. It could be to pay off credit card debts or invest into a buy to let. Well my question is: is it possible to lower the initial mortgage debt simply by remortgaging the appreciation of the house. For example, if i bought a place for 170k with a 30k deposit and since then it has risen to lets say 240k, if i remortgage with another mortgage provider can i use the capital appreciation of 70k to lower the mortgage even further? Hence, my original mortgage loan of 140k is now reduced to 70k. Is this possible or am i just dreaming?? The other thing is if the above was possible would it be best to remortgage the… [cont.]
Asked by curious - Sun Jan 13 10:55:53 2008 - Renting & Real Estate - 14 Answers - Comments
A. You have the theory of 'Mortgaging' all twisted! I had to read the question a few times to check, but NO you CAN'T remortgage to 'REDUCE' the total amount you have borrowed.. Your initial debt of PS30k, in this example, would RISE to a total debt of PS100k (PS30k plus PS70k) People pay off credit cards with a remortgage because the interest rates are lower. Releasing capital appreciation by way of remortgaging can be a good way to raise funds to use as a deposit for a Buy to Let or extension etc, but seek advice rom an expert if you are going down that route, especially at this topsy turvy financial period.
Answered by Adam B - Sun Jan 13 11:01:52 2008
Should I remortgage my house to pay of my credit card debt? My adviser says I should..?
Q. My house is worth approximately PS200,000 pounds and I have a small mortgage for PS30,000 I recently became self employed and needed to borrow to finance a car and some business premises, plus I have to pay the bills. Hence the credit cards have started to creep up. i.e. I owe PS30,000 to c.card companies and bank loans. What should I do my income hasn't really taken off and my advicer says that's ok I can do a projection and he can sort a mortgage out for me. Can you help?
Asked by mortgage4u - Fri May 5 05:33:34 2006 - Personal Finance - 8 Answers - Comments
A. When you owe money, creditors get good at collecting. It my take a while, but they will come after it. Having said that, if mortgaging your house means you will have lower monthly payments to allow you the breathing room you currently need for your new business - it MAY make sense. Understand, lower monthly payments, just means lower payments, not lower overall cost. With a mortgage, the total dollar figure can be quite large - especially when you factor in fees. If you can get an alternative loan, at a reasonable rate, consider that - it is a good idea to keep your business affairs separate from you personal. Good Luck!
Answered by SimpleMoneyGuy - Fri May 5 23:15:01 2006
Q. My house is worth approximately PS200,000 pounds and I have a small mortgage for PS30,000 I recently became self employed and needed to borrow to finance a car and some business premises, plus I have to pay the bills. Hence the credit cards have started to creep up. i.e. I owe PS30,000 to c.card companies and bank loans. What should I do my income hasn't really taken off and my advicer says that's ok I can do a projection and he can sort a mortgage out for me. Can you help?
Asked by mortgage4u - Fri May 5 05:33:34 2006 - Personal Finance - 8 Answers - Comments
A. When you owe money, creditors get good at collecting. It my take a while, but they will come after it. Having said that, if mortgaging your house means you will have lower monthly payments to allow you the breathing room you currently need for your new business - it MAY make sense. Understand, lower monthly payments, just means lower payments, not lower overall cost. With a mortgage, the total dollar figure can be quite large - especially when you factor in fees. If you can get an alternative loan, at a reasonable rate, consider that - it is a good idea to keep your business affairs separate from you personal. Good Luck!
Answered by SimpleMoneyGuy - Fri May 5 23:15:01 2006
What should my friend do with a house they have? To do with selling / remortgaging.?
Q. My friend brought a 2 bed house about 7 years ago for about PS35k and is now to the value of about PS130-PS140k down her road. She doesn't actually live there anymore and just rents it out. She earns about PS100 a month after paying off the mortgage. I'm of the opinion she should sell the house and get a place that she likes more. She only earns about PS15k a year before tax, so she wouldn't be able to borrow much. I'm thinking 4.5 times what she earns max? But as she will have such a massive deposit her repayments are going to be affordable to her. I'm also of the opinion that she could carry on living at her parents for a few more years if she cashed in on her house by selling/remortgaging and put the money on 2-3 deposits on other… [cont.]
Asked by timmy2take - Mon Mar 12 16:13:37 2007 - Renting & Real Estate - 2 Answers - Comments
A. Hmmm, difficult one. House prices can't keep increasing as they are so now is probably not the time to invest, bargains are rarely found now anyhow. Maybe she should remortgage the house she currently has to fund a deposit for a new one, that way she can pay the mortgage and have the PS100 profit left over to pay her own mortgage. That's what we did - Let to buy. We are now in the process of selling as house prices in the area are at the ceiling and I want an extension on my new house! Good luck to her, great position to be in.
Answered by Paula W - Mon Mar 12 16:20:45 2007
Q. My friend brought a 2 bed house about 7 years ago for about PS35k and is now to the value of about PS130-PS140k down her road. She doesn't actually live there anymore and just rents it out. She earns about PS100 a month after paying off the mortgage. I'm of the opinion she should sell the house and get a place that she likes more. She only earns about PS15k a year before tax, so she wouldn't be able to borrow much. I'm thinking 4.5 times what she earns max? But as she will have such a massive deposit her repayments are going to be affordable to her. I'm also of the opinion that she could carry on living at her parents for a few more years if she cashed in on her house by selling/remortgaging and put the money on 2-3 deposits on other… [cont.]
Asked by timmy2take - Mon Mar 12 16:13:37 2007 - Renting & Real Estate - 2 Answers - Comments
A. Hmmm, difficult one. House prices can't keep increasing as they are so now is probably not the time to invest, bargains are rarely found now anyhow. Maybe she should remortgage the house she currently has to fund a deposit for a new one, that way she can pay the mortgage and have the PS100 profit left over to pay her own mortgage. That's what we did - Let to buy. We are now in the process of selling as house prices in the area are at the ceiling and I want an extension on my new house! Good luck to her, great position to be in.
Answered by Paula W - Mon Mar 12 16:20:45 2007
What does 'remortgage' mean? and what's the point of doing it?
Q. I was watching someting on TV, where the person was paying a mortgage on 2 houses but couldn't afford it then he was like "Oh, the re-mortgage has gone through - yay!" What is it and what's the point of it? Sorry to come across dumb but its bugging me and I did google it but o.0 The way they where explaining it made me even more confussed!
Asked by While Your Lips Are Still Red - Thu Apr 1 12:03:24 2010 - Renting & Real Estate - 2 Answers - Comments
A. Re-mortgage or re-finance means you take out a new loan and pay off the old mortgage. The reason people do this is to get a lower payment. This happens two ways - by getting a lower interest rate (you save on the interest) and then by spreading the payments out over an extended period of time. As a simple example, say you have 10,000 on a loan for 5 years with simple annual interest of 10% and one payment a year...basically your payments are $2,000 principal and say an average of $500 in interest, so your annual payment is $2,500. If you were to refinance the loan now for 10 years with 5% interest, your principal payments would be $1,000 a year and probably about $300 a month for interest for a total of $1,300. Although you end up paying… [cont.]
Answered by Steve D - Thu Apr 1 12:12:38 2010
Q. I was watching someting on TV, where the person was paying a mortgage on 2 houses but couldn't afford it then he was like "Oh, the re-mortgage has gone through - yay!" What is it and what's the point of it? Sorry to come across dumb but its bugging me and I did google it but o.0 The way they where explaining it made me even more confussed!
Asked by While Your Lips Are Still Red - Thu Apr 1 12:03:24 2010 - Renting & Real Estate - 2 Answers - Comments
A. Re-mortgage or re-finance means you take out a new loan and pay off the old mortgage. The reason people do this is to get a lower payment. This happens two ways - by getting a lower interest rate (you save on the interest) and then by spreading the payments out over an extended period of time. As a simple example, say you have 10,000 on a loan for 5 years with simple annual interest of 10% and one payment a year...basically your payments are $2,000 principal and say an average of $500 in interest, so your annual payment is $2,500. If you were to refinance the loan now for 10 years with 5% interest, your principal payments would be $1,000 a year and probably about $300 a month for interest for a total of $1,300. Although you end up paying… [cont.]
Answered by Steve D - Thu Apr 1 12:12:38 2010
I am looking to remortgage my house in may?
Q. My house value is 104,000 and I am looking for a loan of 80,000. Can anyone please advice on good deals, and please give me any useful information especially with regards to the effects of the credit crunch and things I need to watch out for. I am interested in a fixed rate remortgage but also open to options. Thank you I live in the UK
Asked by sure - Wed Feb 17 12:59:26 2010 - Renting & Real Estate - 2 Answers - Comments
Q. My house value is 104,000 and I am looking for a loan of 80,000. Can anyone please advice on good deals, and please give me any useful information especially with regards to the effects of the credit crunch and things I need to watch out for. I am interested in a fixed rate remortgage but also open to options. Thank you I live in the UK
Asked by sure - Wed Feb 17 12:59:26 2010 - Renting & Real Estate - 2 Answers - Comments
Can you remortgage on one home to fund deposit for another?
Q. We have a 50% share in a second house (inherited from parents) it has no outstanding mortgage. Is it possible to remortgage this house to fund a deposit on a bigger house for us and basically apply for two mortgages for two different properties at the same time?
Asked by Ainsley C - Wed Aug 25 17:43:56 2010 - Personal Finance - 2 Answers - Comments
A. Yes. It is quite possible. I'd suggest you get advice from a mortgage broker as there may be more cost-effective ways.
Answered by - Wed Aug 25 18:08:51 2010
Q. We have a 50% share in a second house (inherited from parents) it has no outstanding mortgage. Is it possible to remortgage this house to fund a deposit on a bigger house for us and basically apply for two mortgages for two different properties at the same time?
Asked by Ainsley C - Wed Aug 25 17:43:56 2010 - Personal Finance - 2 Answers - Comments
A. Yes. It is quite possible. I'd suggest you get advice from a mortgage broker as there may be more cost-effective ways.
Answered by - Wed Aug 25 18:08:51 2010
Can I Get a Student Loan Against My House?
Q. I own my home free and clear but would like to go to college (never been before). I don't have the cash to pay for college. Is it possible to remortgage my house somehow and pay for college? Good idea? Bad idea? I am unemployed currently. Can you provide any additional info as to WHY this is a bad idea? I really have no other means of getting a student loan that I'm aware of. I'm 31.
Asked by - Wed Oct 19 20:40:53 2011 - Financial Aid - 2 Answers - Comments
A. bad idea. You didn't say your age but you must have had some work experience to have paid for the house. If you are in your 20's then I'd say go to community college and pay for one course at a time. Maybe get a job at the grocery store or Walmart. If you're in your late 30's then I'd suggest you go to vocational school or start your own business. College isn't needed for everyone.
Answered by sophieb - Thu Oct 20 01:15:21 2011
Q. I own my home free and clear but would like to go to college (never been before). I don't have the cash to pay for college. Is it possible to remortgage my house somehow and pay for college? Good idea? Bad idea? I am unemployed currently. Can you provide any additional info as to WHY this is a bad idea? I really have no other means of getting a student loan that I'm aware of. I'm 31.
Asked by - Wed Oct 19 20:40:53 2011 - Financial Aid - 2 Answers - Comments
A. bad idea. You didn't say your age but you must have had some work experience to have paid for the house. If you are in your 20's then I'd say go to community college and pay for one course at a time. Maybe get a job at the grocery store or Walmart. If you're in your late 30's then I'd suggest you go to vocational school or start your own business. College isn't needed for everyone.
Answered by sophieb - Thu Oct 20 01:15:21 2011
Can i remortgage my existing property for a deposit for a buy to let mortgage?
Q. I am looking at getting a second property to rent. Is is ok to remortgage my current property to get together a deposit for a second house on a buy to let mortgage?
Asked by mdarks1d3 - Mon Dec 20 08:22:12 2010 - Renting & Real Estate - 1 Answers - Comments
A. if you have the equity in the current home, sure.
Answered by - Mon Dec 20 09:36:34 2010
Q. I am looking at getting a second property to rent. Is is ok to remortgage my current property to get together a deposit for a second house on a buy to let mortgage?
Asked by mdarks1d3 - Mon Dec 20 08:22:12 2010 - Renting & Real Estate - 1 Answers - Comments
A. if you have the equity in the current home, sure.
Answered by - Mon Dec 20 09:36:34 2010
sell remortgage or rent?/???
Q. have a house which we have completly renovated!had i valued and made48% equity!! the dilema is that things went a little wrong a while ago and now our credit rating is poor although we have a large sum to put down our bank will not give us another mortgage! so we went to a lender specialising in our situation. the apr is high and will still be in debt with a larger mortgage!! would you remortgage your house sell up make profit and rent or sit on it and pay debts of (approx 4yrs left on them owing approx 20,000!!! ahhh!!!
Asked by lubilu82 - Tue Aug 15 17:15:50 2006 - Renting & Real Estate - 9 Answers - Comments
A. I'd sell, pay off the debts, rent for 2 years, save up again, move somewhere cheaper and buy, or buy a fixer in the area you desire and can afford. Right now it is a buyers market, interest will rise more too. Sell, pay off and sit back and watch the market.
Answered by - Tue Aug 15 17:21:10 2006
Q. have a house which we have completly renovated!had i valued and made48% equity!! the dilema is that things went a little wrong a while ago and now our credit rating is poor although we have a large sum to put down our bank will not give us another mortgage! so we went to a lender specialising in our situation. the apr is high and will still be in debt with a larger mortgage!! would you remortgage your house sell up make profit and rent or sit on it and pay debts of (approx 4yrs left on them owing approx 20,000!!! ahhh!!!
Asked by lubilu82 - Tue Aug 15 17:15:50 2006 - Renting & Real Estate - 9 Answers - Comments
A. I'd sell, pay off the debts, rent for 2 years, save up again, move somewhere cheaper and buy, or buy a fixer in the area you desire and can afford. Right now it is a buyers market, interest will rise more too. Sell, pay off and sit back and watch the market.
Answered by - Tue Aug 15 17:21:10 2006
my parents have signed thier house over to me, and i now want to remortgage it. can i do this?
Q. the house is worth about PS100.000, they have signed it over to me because i have always helped with the mortgage payments and they now want to help me fiance my business opportunity( which is what the remortgage would pay for). what are the tax implications on doing this?
Asked by Gareth G - Thu Jan 21 11:20:47 2010 - Personal Finance - 3 Answers - Comments
A. Sure, and in about 12 months when you learn you can't pay the mortgage, the bank will own the house. It is a bad idea to take out equity out of a home especially for starting a new business. Hasn't the last 3 years awoken people up that using a home as a savings account, mortgaging against future value does not work? I am not a tax expert, esp in the UK. As a general rule, there are capital gains taxes on the sale of something when a profit is made.
Answered by Net Advisor - Thu Jan 21 11:24:03 2010
Q. the house is worth about PS100.000, they have signed it over to me because i have always helped with the mortgage payments and they now want to help me fiance my business opportunity( which is what the remortgage would pay for). what are the tax implications on doing this?
Asked by Gareth G - Thu Jan 21 11:20:47 2010 - Personal Finance - 3 Answers - Comments
A. Sure, and in about 12 months when you learn you can't pay the mortgage, the bank will own the house. It is a bad idea to take out equity out of a home especially for starting a new business. Hasn't the last 3 years awoken people up that using a home as a savings account, mortgaging against future value does not work? I am not a tax expert, esp in the UK. As a general rule, there are capital gains taxes on the sale of something when a profit is made.
Answered by Net Advisor - Thu Jan 21 11:24:03 2010
Do i really need to appoint a solicitor to remortgage my house?
Q. l dealt with all the paperwork when we fixed our mortgage a few years ago but we stayed with the same lender. im moving from nationwide to cheltnahm and glouchester. its been arranged through london and country brokers (very good service and its FREE!! totaly reckomend them) anyhow admin is my job and im not stupid so do i really need to pay someone PS400+ to deal with the paperwork? is the paperwork really that complicated when moving a mortgage? all comments appreciated, thanks
Asked by mum2kenzie - Thu Aug 16 04:01:25 2007 - Personal Finance - Answers - Comments
A. yes i think you do chick going through remortage myself at mo. i think you need a solictors to deal with the money change over and your cheltnahm and gloucester will proberly want a valuation done on your property to make sure its worth the money and also a land search which the solictors deal with) will proberly be needed to make sure the is no hidden mines etc under ur home this would be for the new banks peace of mind help this helps a little
Answered by angelblu - Thu Aug 16 04:15:38 2007
Q. l dealt with all the paperwork when we fixed our mortgage a few years ago but we stayed with the same lender. im moving from nationwide to cheltnahm and glouchester. its been arranged through london and country brokers (very good service and its FREE!! totaly reckomend them) anyhow admin is my job and im not stupid so do i really need to pay someone PS400+ to deal with the paperwork? is the paperwork really that complicated when moving a mortgage? all comments appreciated, thanks
Asked by mum2kenzie - Thu Aug 16 04:01:25 2007 - Personal Finance - Answers - Comments
A. yes i think you do chick going through remortage myself at mo. i think you need a solictors to deal with the money change over and your cheltnahm and gloucester will proberly want a valuation done on your property to make sure its worth the money and also a land search which the solictors deal with) will proberly be needed to make sure the is no hidden mines etc under ur home this would be for the new banks peace of mind help this helps a little
Answered by angelblu - Thu Aug 16 04:15:38 2007
How do I go about remortgaging my house.?
Q. ex wife still on mortgage statements, how do I get her off it? How do I go about remortgaging my house? It's value is 80K at the moment. My current mortgage is for 31K. What happens ?
Asked by BSMGUY - Mon May 14 08:23:49 2007 - Renting & Real Estate - 5 Answers - Comments
A. Since you have so much equity in your house, your mortgage company may be willing to simply remove your ex-wife from the mortgage. If you refinance, you will start over again in your interest payments costing you thousands. At this point you have probably paid most of your interest. I would start by calling my current mortgage company and asking them about removing her. If you still want to refinance, simply call your local bank and a mortgage broker. Get a good faith estimate from both of them. Compare the total cost of each loan and choose the best for you. Try to avoid the temptation to take cash out unless you are paying off much higher interest bills. Good luck.
Answered by Ken - Mon May 14 08:29:08 2007
Q. ex wife still on mortgage statements, how do I get her off it? How do I go about remortgaging my house? It's value is 80K at the moment. My current mortgage is for 31K. What happens ?
Asked by BSMGUY - Mon May 14 08:23:49 2007 - Renting & Real Estate - 5 Answers - Comments
A. Since you have so much equity in your house, your mortgage company may be willing to simply remove your ex-wife from the mortgage. If you refinance, you will start over again in your interest payments costing you thousands. At this point you have probably paid most of your interest. I would start by calling my current mortgage company and asking them about removing her. If you still want to refinance, simply call your local bank and a mortgage broker. Get a good faith estimate from both of them. Compare the total cost of each loan and choose the best for you. Try to avoid the temptation to take cash out unless you are paying off much higher interest bills. Good luck.
Answered by Ken - Mon May 14 08:29:08 2007
What do I need to do to remortgage my house?
Q. Do I need a solicitor and can I do it on a comparison website. Does anyone know any good ones and can anyone advise me please on how to go about in re-mortgaging me house. Cheers people
Asked by Mr. - Wed Jan 2 14:57:07 2008 - Renting & Real Estate - 2 Answers - Comments
A. You don't need a solicitor. You just need to take out a new mortgage with a broker, use an IFA, or do some online research yourself first - google it. Work out how much equity you have left on your house and take out a reasonable chunk of it as necessary - not all of it!
Answered by Lenny - Wed Jan 2 15:05:35 2008
Q. Do I need a solicitor and can I do it on a comparison website. Does anyone know any good ones and can anyone advise me please on how to go about in re-mortgaging me house. Cheers people
Asked by Mr. - Wed Jan 2 14:57:07 2008 - Renting & Real Estate - 2 Answers - Comments
A. You don't need a solicitor. You just need to take out a new mortgage with a broker, use an IFA, or do some online research yourself first - google it. Work out how much equity you have left on your house and take out a reasonable chunk of it as necessary - not all of it!
Answered by Lenny - Wed Jan 2 15:05:35 2008
will I have to get my house valued to remortgage with the same lender?
Q. my fixed deal has now run it's course. I am more than happy at the moment to be on the variable rate as this has put my monthly repayment's down but I am aware this will not last for ever. if I stay with the same lender and enter into a new deal what are the costs likely to be and will I have to have my house re valued.
Asked by - Fri Jul 23 12:19:31 2010 - Renting & Real Estate - 2 Answers - Comments
A. Most likely they will want another appraisal since values are falling. Costs totally depend on lender but you usually get a better deal staying with the same lender. They will probably charge for a title search (to make sure you haven't done a 2nd mortgage or home equity line of credit, also they will charge the recording fees & transfer fees to record new deed/mortgage Personally I would look at going on to a fixed rate, the rates are so good right now & probably will never be this good again. Good luck!
Answered by Beverly S - Fri Jul 23 12:24:36 2010
Q. my fixed deal has now run it's course. I am more than happy at the moment to be on the variable rate as this has put my monthly repayment's down but I am aware this will not last for ever. if I stay with the same lender and enter into a new deal what are the costs likely to be and will I have to have my house re valued.
Asked by - Fri Jul 23 12:19:31 2010 - Renting & Real Estate - 2 Answers - Comments
A. Most likely they will want another appraisal since values are falling. Costs totally depend on lender but you usually get a better deal staying with the same lender. They will probably charge for a title search (to make sure you haven't done a 2nd mortgage or home equity line of credit, also they will charge the recording fees & transfer fees to record new deed/mortgage Personally I would look at going on to a fixed rate, the rates are so good right now & probably will never be this good again. Good luck!
Answered by Beverly S - Fri Jul 23 12:24:36 2010
How can I keep my children amused during the school summer holidays?
Q. Particularly with the credit crunch in mind? Can anyone some good ways of keeping my children amused and active during the school summer holidays that isn't going to require us to remortgage our house (as if we could do that anyway at the minute)?
Asked by sliau ot - Thu Jul 17 11:51:34 2008 - Other - Games & Recreation - 10 Answers - 1 Comments
A. Check your local paper for discount vouchers for days out and events in your area. They will also have details of any local free events. You could also try websites such as dofreestuff.com or familydayoutuk.co.uk. It may also be worth checking with your local bus or coach company as they sometimes arrange discounted coach trips during the summer holidays. My personal favourite and by far the cheapest is local walks and widlife sanctuarys. Take a picnic and a football / kite (dont forget a small med kit for little incidents) and weather permitting you can stay out for the whole day. The bonus is that this not only gets the whole family active but wears out the little darlings for bedtime. If you are unsure of where these are near you check… [cont.]
Answered by Super Em - Fri Jul 18 04:31:44 2008
Q. Particularly with the credit crunch in mind? Can anyone some good ways of keeping my children amused and active during the school summer holidays that isn't going to require us to remortgage our house (as if we could do that anyway at the minute)?
Asked by sliau ot - Thu Jul 17 11:51:34 2008 - Other - Games & Recreation - 10 Answers - 1 Comments
A. Check your local paper for discount vouchers for days out and events in your area. They will also have details of any local free events. You could also try websites such as dofreestuff.com or familydayoutuk.co.uk. It may also be worth checking with your local bus or coach company as they sometimes arrange discounted coach trips during the summer holidays. My personal favourite and by far the cheapest is local walks and widlife sanctuarys. Take a picnic and a football / kite (dont forget a small med kit for little incidents) and weather permitting you can stay out for the whole day. The bonus is that this not only gets the whole family active but wears out the little darlings for bedtime. If you are unsure of where these are near you check… [cont.]
Answered by Super Em - Fri Jul 18 04:31:44 2008
can someone tell me how to get a train from Gobowen or Shrewsbury to Cardiff without remortgaging my house?
Q. My partner and I wanted to take our son to Cardiff for the day and as neither of us drive we need to go by train but the prices are ridiculous, Does anyone know of any deals etc (as the websites and station staff are never forthcoming with information that might save you some money). I would really appreciate your help. Thanks.
Asked by josie - Tue Oct 21 11:32:50 2008 - Other - United Kingdom - 2 Answers - Comments
A. The secret is booking as far in advance as you can. I use www.thetrainline.com to book all my train travel and always get good deals, but you really do have to book 4 weeks or more in advance. Sometimes there are deals about but you just have to check the web and surf around a bit. What about getting a family rail card? That will give you 12months of discounted train fares, a third off all fares and often other deals come with it too! Good luck!
Answered by cloudisland - Tue Oct 21 12:05:44 2008
Q. My partner and I wanted to take our son to Cardiff for the day and as neither of us drive we need to go by train but the prices are ridiculous, Does anyone know of any deals etc (as the websites and station staff are never forthcoming with information that might save you some money). I would really appreciate your help. Thanks.
Asked by josie - Tue Oct 21 11:32:50 2008 - Other - United Kingdom - 2 Answers - Comments
A. The secret is booking as far in advance as you can. I use www.thetrainline.com to book all my train travel and always get good deals, but you really do have to book 4 weeks or more in advance. Sometimes there are deals about but you just have to check the web and surf around a bit. What about getting a family rail card? That will give you 12months of discounted train fares, a third off all fares and often other deals come with it too! Good luck!
Answered by cloudisland - Tue Oct 21 12:05:44 2008
From Yahoo Answer Search: 'remortgage houses'
Sun Jan 15 15:29:26 2012
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moneyquest.co.uk
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Mortgage Approvals Up Again in October Although total mortgage lending is reported by the British Bankers Association to have remained the same last month house purchase approvals rose
Mortgage Introducer
Wed, 06 Jul 2011 23:34:33 -0700
The housing market picked up speed in the second quarter of the year, according to the latest Housing Market Activity Report by Connells Survey and Valuation. Residential mortgage valuation activity rose by 13% in the second quarter of the year ...
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