1stmortgage refinance » House

Do I Have To Itemize Deductions To Deduct Mortgage Interest On A House?

Mortgage Refinance — Sat, 05 Dec 2009 23:11:07 +0000

I am planning to buy a house in the state of washington in year 2010. Since I don’t have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.

What Happens To The Mortgage On A House That Is Left To Me In A Will?

Mortgage Refinance — Thu, 03 Dec 2009 21:17:02 +0000

A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me.

Is There A New Refinance Program That Forgives Negative Equity And Refinances The House At Current Value?

Mortgage Refinance — Fri, 23 Oct 2009 23:28:13 +0000

I heard about some new government loan where if your home has dropped in value, the government will absorb the depreciation and refinance your house at its current market value. I just bought my first house in August of 2008 for $275,000 which was a foreclosure and the other foreclosed homes surrounding me are now being offered in the $240,000 range. So in 4 months I’ve already lost around $35,000 in value.

I Have A Mortgage On One Home, Can I Get A Second Mortgage To Pay For Another House?

Mortgage Refinance — Fri, 23 Oct 2009 05:27:41 +0000

I’m planning to relocate, but current owe a mortgage for $50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be able to get a second mortgage or refinance my current home in order to pay for a new one?