Promissory note versus land installment contract
Q: Is a promissory note better than a land installment contract? A: A land installment contract is a procedure whereby the property owner enters into a contract with a potential...
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Borrower has a right to know why loan denied
Q: My wife and I own a second home two miles from our primary residence, and we want to refinance and move into that house. We qualify with the income...
Resolving property line disputes with neighbors
Q: My husband and I have owned our home since 1973. At the time we purchased the home, there was an existing fence between our neighbor's house and ours that...
Consequences of gifting property
Q: My house is paid in full, and I want to add my sister's name to the title/deed. Please advise what I need to do. A: There are two parts...
Consequences of gifting property
Q: My house is paid in full, and I want to add my sister's name to the title/deed. Please advise what I need to do. A: There are two parts...
Lawsuit the last resort in rivalry over home
Q: My sister and I inherited our parent's family home a couple of years ago. It is free and clear of any mortgage, and even though my sister now lives...
How much equity interest can homeowners deduct?
Q: This question is related to our home equity line of credit (HELOC). In 2001, we obtained this loan for $150,000, which we withdrew in its entirety to remodel the...
How much equity interest can homeowners deduct?
Q: This question is related to our home equity line of credit (HELOC). In 2001, we obtained this loan for $150,000, which we withdrew in its entirety to remodel the...
Couple hits roadblocks on road to removing PMI
Q: My dad and mom have a house on which they have paid more than their mortgage payment for years. Their balance is now below 78 percent of their purchase...
Doubling up your mortgage payments
Q: I refinanced in January (3.85 percent) and a friend advised me to inquire about a "direct reduction loan schedule." He tells me it is a method to pay down...