Zillow Advice RSS: Question-Discussion-Guide,Home Ownership,NV http://www.zillow.com/advice/NV/home-ownership/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate HOw do I add a second home to my homes? http://www.zillow.com/advice-thread/HOw-do-I-add-a-second-home-to-my-homes/534455/ Hello,<br/>Not sure what you mean. &nbsp;Do you mean purchase an additional home, or put on a second mortgage (Deed of Trust) to the home(s) you already own?<br/><br/>The best thing to do for either is talk to a reputable lender in the area, that knows the laws and qualification requirements. &nbsp;With the ever changing Lending marketplace, it's always good to get a fresh perspective. &nbsp;Many laws changed that are now in effect as of January 1, 2014, so what you heard last year may not even be true in today's lending world.<br/><br/>If you're looking at adding more homes to your portfolio, the best thing to do is speak with a local Broker who can help with your search. &nbsp;I would be glad to be of any assistance.<br \><br \>0 replies Wed, 04 Jun 2014 18:49:00 GMT http://www.zillow.com/advice-thread/HOw-do-I-add-a-second-home-to-my-homes/534455/ 2014-06-04T18:49:00Z SHORT SALE http://www.zillow.com/advice-thread/SHORT-SALE/101872/ Simple Answer -- When the owner of a home is selling it for less then what the mortgage lien(s) on the property are. In order to transfer title, they will need an approval from the lienholder(s) allowing this.<br/><br/>The actual process is far more complex but since nobody has answered this question from January of 2008... thought I would provide a quick answer.<br \><br \>0 replies Sun, 19 Dec 2010 07:11:00 GMT http://www.zillow.com/advice-thread/SHORT-SALE/101872/ 2010-12-19T07:11:00Z We paid cash for our house and would like an equity loan but have bad credit. Is it possible? http://www.zillow.com/advice-thread/We-paid-cash-for-our-house-and-would-like-an-equity-loan-but-have-bad-credit-Is-it-possible/415901/ It is definitely possible.&nbsp; As stated on here by others that due to the credit problems the rate and fees may be a little pricey.&nbsp; My advice to you is to contact an independent Mortgage Broker who has access to funds the banks don't have.&nbsp; A good mortgage professional will put you on the right road to not only get the cash you need now but to take care of your credit issues at the same time as well.&nbsp; As for the LTV (loan to value) problem, I wouldn't worry about that too much as most of these types of lenders will go to 65% of the value of your property with no problems.&nbsp; Be careful of the terms of these types of mortgages and be sure that you understand everything before signing on the dotted line!<br/><br/>Good luck!<br \><br \>0 replies Tue, 20 Sep 2011 19:57:00 GMT http://www.zillow.com/advice-thread/We-paid-cash-for-our-house-and-would-like-an-equity-loan-but-have-bad-credit-Is-it-possible/415901/ 2011-09-20T19:57:00Z Country Wide Mortgage http://www.zillow.com/advice-thread/Country-Wide-Mortgage/90696/ How much does that bank have in the property?<br \><br \>1 reply Tue, 23 Oct 2007 17:04:00 GMT http://www.zillow.com/advice-thread/Country-Wide-Mortgage/90696/ 2007-10-23T17:04:00Z how do I get an appraisal on my home http://www.zillow.com/advice-thread/how-do-I-get-an-appraisal-on-my-home/464461/ contact a professional realtor or a Mortgage Broker, they should have list on hand of reputable appraisers.&nbsp;<br/><br/>Hope this helps!<br \><br \>0 replies Wed, 17 Oct 2012 15:16:00 GMT http://www.zillow.com/advice-thread/how-do-I-get-an-appraisal-on-my-home/464461/ 2012-10-17T15:16:00Z With a 591 credit score can I get a home loan? http://www.zillow.com/advice-thread/With-a-591-credit-score-can-I-get-a-home-loan/441141/ You would be much better off if you corrected some of the things that are negatively affecting your score than to get a high interest rate and get hit with broker fees to find someone to invest in your loan.<br/>Work with a good <strong>mortgage lender</strong> in your area. They will help you with a plan to raise your score.<br \><br \>0 replies Wed, 02 May 2012 01:00:00 GMT http://www.zillow.com/advice-thread/With-a-591-credit-score-can-I-get-a-home-loan/441141/ 2012-05-02T01:00:00Z Very interested. Lease to own an option? Take over payments? Thank you James http://www.zillow.com/advice-thread/Very-interested-Lease-to-own-an-option-Take-over-payments-Thank-you-James/192838/ Unfortunately we have a very short term <a href="http://www.zillow.com/mortgage/">mortgage</a> carried by the previous owners. I am unsure whether they would be willing to let someone assume it.<br \><br \>0 replies Tue, 27 Jan 2009 16:16:00 GMT http://www.zillow.com/advice-thread/Very-interested-Lease-to-own-an-option-Take-over-payments-Thank-you-James/192838/ 2009-01-27T16:16:00Z update detail http://www.zillow.com/advice-thread/update-detail/498388/ How come on the details it still says this property is under REO post foreclosure?&nbsp;&nbsp; We just bought this house and there's no mortgage payment on this property.&nbsp; If you could update the details please?&nbsp; thanks!<br \><br \>1 reply Fri, 21 Jun 2013 20:29:00 GMT http://www.zillow.com/advice-thread/update-detail/498388/ 2013-06-21T20:29:00Z How to avoid complications, name not onMGT. http://www.zillow.com/advice-thread/How-to-avoid-complications-name-not-onMGT/581229/ In the event your Mom passes, it's likely a good idea to have a Trust in-place to help you avoid the fees and expenses of probate. Many people that inherit a home <em>will</em> continue to pay the mortgage until the home is sold or refinanced into your name. I have the name of a wonderful (and affordable) Estate Planning attorney that offers complimentary consultations. I can't post their information in this reply (it's against Zillow Community Standards), but you're welcome to click on my profile and email me. I'll reply quickly.<br \><br \>0 replies Wed, 01 Apr 2015 21:32:00 GMT http://www.zillow.com/advice-thread/How-to-avoid-complications-name-not-onMGT/581229/ 2015-04-01T21:32:00Z Is this property still available? Any creative terms for purchase, ie Owner finance? Min. price http://www.zillow.com/advice-thread/Is-this-property-still-available-Any-creative-terms-for-purchase-ie-Owner-finance-Min-price/334673/ Sorry, that house is no longer available. It has an offer that, while accepted by the sellers, is contingent upon the <a href="http://www.zillow.com/mortgage/">mortgage</a> company's approval. It's a short sale situation. The best way to find houses that are available is to get a <a href="http://www.zillow.com/directory/real-estate-agents/">real estate agent</a> who is also a Realtor. They're members of the Multiple Listing Service (MLS) and we share our listings with each other. That way, you can have a <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> set up a search for you, get automatic notifications by email, and only look at those that interest you. Good luck in your search. It's a great time to buy -- and buy quickly, in case you're eligible for the $8,500 or 10% stimulus refund. You must be in contract by April 30 and close by June 30th.<br \><br \>0 replies Sat, 20 Mar 2010 02:29:00 GMT http://www.zillow.com/advice-thread/Is-this-property-still-available-Any-creative-terms-for-purchase-ie-Owner-finance-Min-price/334673/ 2010-03-20T02:29:00Z Should I try to save my house or walk away? Behind on 1st -3 months and behind on HELOC -$6,000, cu http://www.zillow.com/advice-thread/Should-I-try-to-save-my-house-or-walk-away-Behind-on-1st-3-months-and-behind-on-HELOC-6-000-cu/178853/ I feel that you should stay in your home as long as you are able.&nbsp; You must live somewhere and you still must pay rent, as you are able save any money you get.&nbsp; Above all, work with the <a href="http://www.zillow.com/mortgage/">mortgage</a> holder in retaining your home.&nbsp; It will be difficult to purchase another when you get a job.<br \><br \>0 replies Thu, 18 Dec 2008 21:42:00 GMT http://www.zillow.com/advice-thread/Should-I-try-to-save-my-house-or-walk-away-Behind-on-1st-3-months-and-behind-on-HELOC-6-000-cu/178853/ 2008-12-18T21:42:00Z I do not have a mortgage on my property however zillow shows a that I have. How do I correct this? http://www.zillow.com/advice-thread/I-do-not-have-a-mortgage-on-my-property-however-zillow-shows-a-that-I-have-How-do-I-correct-this/178381/ 1 reply Thu, 18 Dec 2008 02:34:00 GMT http://www.zillow.com/advice-thread/I-do-not-have-a-mortgage-on-my-property-however-zillow-shows-a-that-I-have-How-do-I-correct-this/178381/ 2008-12-18T02:34:00Z hOW DO YOU CORRECT MISINFORMATIONRE: RECENTLY SOLD & PRICE. WE ARE ORIGINAL OWNERS & NEVER SOLD http://www.zillow.com/advice-thread/hOW-DO-YOU-CORRECT-MISINFORMATIONRE-RECENTLY-SOLD-PRICE-WE-ARE-ORIGINAL-OWNERS-NEVER-SOLD/304469/ <strong>WE PAID OFF <a href="http://www.zillow.com/mortgage/">MORTGAGE</a> IN 2007, BUT HOME HAS NEVER BEEN ON THE MARKET OR SOLD.&nbsp; PLEASE CORRECT.</strong><br \><br \>2 replies Sun, 06 Dec 2009 19:23:00 GMT http://www.zillow.com/advice-thread/hOW-DO-YOU-CORRECT-MISINFORMATIONRE-RECENTLY-SOLD-PRICE-WE-ARE-ORIGINAL-OWNERS-NEVER-SOLD/304469/ 2009-12-06T19:23:00Z what is a short sale? http://www.zillow.com/advice-thread/what-is-a-short-sale/200112/ A short sale is when a property is sold for less than is owed to the bank on the <a href="http://www.zillow.com/mortgage/">mortgage</a> (or equity line) by agreement. So if a house is listed for 90K and the bank is actually owned 100K on the mortgage, the bank will agree to allow the current owner to sell it for less than is owed and walk away from the rest of the mortgage amount.<br \><br \>0 replies Tue, 17 Feb 2009 01:19:00 GMT http://www.zillow.com/advice-thread/what-is-a-short-sale/200112/ 2009-02-17T01:19:00Z Mortgage Refinance http://www.zillow.com/advice-thread/Mortgage-Refinance/163119/ Does it matter how much my home is worth to <a href="http://www.zillow.com/refinance/">refinance</a> my mortgage? Example, my <a href="http://www.zillow.com/mortgage/">loan</a> balance is 229,600 and my house is worth about 265,000.<br \><br \>0 replies Fri, 10 Oct 2008 17:15:00 GMT http://www.zillow.com/advice-thread/Mortgage-Refinance/163119/ 2008-10-10T17:15:00Z Mortgage Refinance http://www.zillow.com/advice-thread/Mortgage-Refinance/163120/ Does it matter how much my home is worth to <a href="http://www.zillow.com/refinance/">refinance</a> my mortgage? Example, my <a href="http://www.zillow.com/mortgage/">loan</a> balance is 229,600 and my house is worth about 265,000.<br \><br \>0 replies Fri, 10 Oct 2008 17:15:00 GMT http://www.zillow.com/advice-thread/Mortgage-Refinance/163120/ 2008-10-10T17:15:00Z How do I go about buying this house? Thank you. http://www.zillow.com/advice-thread/How-do-I-go-about-buying-this-house-Thank-you/305320/ Wells Fargo has the <a href="http://www.zillow.com/mortgage/">mortgage</a>. Friends are moving to Las Vegas. I want to get this house for them. What is the procedure for buying this house before it is opened to the general public? Thank you. Tom Davis<br \><br \>0 replies Fri, 11 Dec 2009 16:01:00 GMT http://www.zillow.com/advice-thread/How-do-I-go-about-buying-this-house-Thank-you/305320/ 2009-12-11T16:01:00Z Mortgage Refinance http://www.zillow.com/advice-thread/Mortgage-Refinance/163121/ Does it matter how much my home is worth to <a href="http://www.zillow.com/refinance/">refinance</a> my mortgage? Example, my <a href="http://www.zillow.com/mortgage/">loan</a> balance is 229,600 and my house is worth about 265,000.<br \><br \>0 replies Fri, 10 Oct 2008 17:15:00 GMT http://www.zillow.com/advice-thread/Mortgage-Refinance/163121/ 2008-10-10T17:15:00Z 1333 Waterford Falls http://www.zillow.com/advice-thread/1333-Waterford-Falls/82614/ Hi Cynthia,<br/><br/>I was under the impression that if a bank which holds the note on a house had the prior owners buy PMI, that they weren't really too concerned about the price they received for the house because they will get paid the entire amount of the <a href="http://www.zillow.com/mortgage/">mortgage</a> which they are holding? Otherwise, why would I have to pay PMI, it only protects the <a href="http://www.zillow.com/directory/lenders/">lender</a> and not the borrower.<br/><br/>Tomas Diaz<br \><br \>0 replies Wed, 21 May 2008 21:55:00 GMT http://www.zillow.com/advice-thread/1333-Waterford-Falls/82614/ 2008-05-21T21:55:00Z Mortgage Refinance http://www.zillow.com/advice-thread/Mortgage-Refinance/163122/ Does it matter how much my home is worth to <a href="http://www.zillow.com/refinance/">refinance</a> my mortgage? Example, my <a href="http://www.zillow.com/mortgage/">loan</a> balance is 229,600 and my house is worth about 265,000.<br \><br \>0 replies Fri, 10 Oct 2008 17:16:00 GMT http://www.zillow.com/advice-thread/Mortgage-Refinance/163122/ 2008-10-10T17:16:00Z