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Can I writeoff the mortgage interest payment for tax purpose for my second home(rental property) in california

July 30th, 2009
mandy asked:


Can I write off the mortgage interest and the property taxes paid for my second property which is a rental property for tax benifits.
Both the properties are located in california.
I also own an investment property outside california. Can I also write off the interest payment for that property.

Veronica

Is the principal balance on a mortgage higher or lower then what is owed if you sell your home?

July 30th, 2009
kyle s asked:


My mortgage company will only give me a payoff in wiriting and that takes 10 days. I just need to know if I sell now is the full principal balance owed or is the amount less?

Jon

Should I take out a home equity loan or 2nd mortgage to pay off my car?

July 29th, 2009
sjbe1 asked:


My lease is up in May. I want to buy the vehicle and be able to take the interest paid on the loan off my taxes. I would be financing approx. $7500.00.

Yolanda

Can you get a home equity loan even if you already got a second mortgage?

July 28th, 2009
patsy m asked:


My credit is not good right now because I have a lot of medical bills that I have to pay off along with some other debts. But I do have a lot of equity in my home. I need to know how can i get my equity to work for me.

Joanne

How much will my mortgage be if I bought a home 210,000 - 215,000?

July 28th, 2009
Ricky D asked:


If I put $20,000 down what would i be expecting to pay with property tax, HMI (full coverage) and mortgage included?

Jose

Mobile Home Mortgage Processing?

July 28th, 2009
Christi Q asked:


I am new to the loan processing business and am trying to determine the steps required to process a mobile home loan in Alabama.

Rick

Is it difficult to get a mortgage in California? And is it worth buying a home or should I just rent?

July 27th, 2009
Rainia W asked:


I am thinking of moving to San Fran, and I don’t know anything about the American real estate market. Is it difficult to get a mortgage? I have excellent credit, a tiny amount of debt but will only have a teachers salary. And should I consider buying an apartment or should I just rent, once I get settled?

Raul

any philanthropist/group that will by my mortgage and in turn will have my home when I am gone?

July 26th, 2009
Sincere one asked:


i do not want to be greedy.
would want my home to be used for charitable purpose when I am gone.
willing to do community service as well or whatever philanthropist wants.
someone helps me/I help someone/pass it on.

Bessie

Can I receive HUD mortgage rates (3-10%) even though I am not a first time home buyer?

July 26th, 2009
sepiee asked:


My name is already on another mortgage loan as a co-applicant. Do I qualify for the first time home buyer federal loan rates?

Victor

I owned a home and the mortgage company foreclosed on it, condemned it and now will we have pay for it?

July 25th, 2009
Redtulip54 asked:


We bought the house in dead of winter. Didn’t know the basement flooded horribly! It was so bad one time the water stayed in basement for so long it made me sick from black mold. The mortgage co. foreclosed and now the house is condemned probably for the mold reason. They plan on tearing it down, will I be liable for the remainder of the mortgage?

Joshua
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