I am buying a house, the outside wall is single brick, why is the mortgage lenders giving me h le?
I do not understand what the mortgage lenders issue is, the house has stood since 1950ish! there is one wall that is single brick, i have had to get a quote to make the wall double brick! is it just me or are they being petty?- Ihave just read some of the answers you have recieved and feel they are well thought out and sound. However, could it be something as simple as no room for insulation? Why not ask them?
- i have never seen brick veneer on a house that was wider than one course. if this is what you are referring to, he has no idea what he is talking about. if it is more than just a brick veneer then not enough info to make judgement
- a single stack can fall away from the home if it was only stacked and not layed into the foundation like a rod and concrete would have been. Tell them it is attached to the wall on the inside by flat PCs of metal called lath stays. They lay on the brick between the next layer and come back and wrap around the stud on the inside wall. This will Sufis if you have a inside wall on the home. To double the wall you should take it down and build in a new interior wall and add a single wall outside if not their. but add space into the home when you do it too. So get a remodeling company to give you a est. of cost and summit it to the mortgage company with you app for the loan. Let then put it into the loan!
- Most exterior brick walls are simply a veneer over the structural frame, and are single thickness. If it is a bearing wall, it will be backed up by concrete blocks. They may be concerned about its structural adequacy, but I think it's more likely they are looking for a way to back out of the deal
- If there is a question in your mind about the structural integrity of this house then maybe you should back off and think about it some more. You may find something that will satisfy you and be free of doubts regarding the structure. I personally do not know if I could do this deal. Any way, good luck!
- The lender is buying your house, they are making the investment and if something is not right, it has to be fixed to meet the appraisal requirements. Whether you think it is petty or not doesnt matter - as they are buying the house for you. The only way to avoid lender requirements is to save up enough money to buy the house in cash. Though in this case, if something is not structurally sound it's in your own best interest to have it taken care of! Ask your realtor to negotiate for repairs with the seller
Knowledge Base
Mortgage on primary home to buy second home, can i deduct taxes?
my friend's primary home mortgage is paid off. she want to take a mortgage on the primary home in order to buy a second / vacation home. can he deduct the taxes?. your best answer would be to contact either the irs directly or a tax preparer in your area. (mortgage refinancing)
Mortgage Lenders?
even though i am making payments on time with my home mortgage. can lose my home if if my lender declares bankruptcy?. no. if your lender goes bankrupt, the bankruptcy trustee will appoint someone to manage the current accounts. you will be protected. good luck. no, what happens is all (mortgage loan)
Can the bank apply a payment for mortgage to another loan?
we have 2 loans, our mortgage and a line of credit on our home equity. my husband lost his job and we were trying to keep up the payments on our mortgage. when he paid a payment he used a payment coupon for the mortgage loan. instead of applying the (mortgage lenders)
Knowledge Base: Mortgage
How to apply for mortgage loan modification?
i have lost my job and am now working as a cashier at a grocery store. the problem is that my new salary is not enough to cover the mortgage. i am in a very tight situation so i am curious to know my options. i have heard that applying (mortgage refinancing)
home mortgage?
help! my wife and i would like to buy a home and / or land. i know that we can afford a payment of $400 a month, and we do not need anything special. a $40, 000. 00 loan would be sufficent. - problem is: i have no clue how (mortgage)
Mortgage Lenders?
even though i am making payments on time with my home mortgage. can lose my home if if my lender declares bankruptcy?. no. if your lender goes bankrupt, the bankruptcy trustee will appoint someone to manage the current accounts. you will be protected. good luck. no, what happens is all (mortgage)
What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
the recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high? banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses. big businesses then had to (mortgage lenders)
mortgage loan?
is it possible to get mortgage loan with collections on your credit report 17 in all 8 paid in full, 3 reported more than once by different collection agencys which i disputed on / in 1 - 07. the other 9 are medical bills from 2 from 2002 2 from (benchmark lending)
Knowledge Base: Mortgage Lenders
Mortgage lenders?
i am looking for a good mortgage lender for a new home purchase. does anyone know of a good one? i have tried quicken loans and country wide. lending tree s! ps. if anyone knows of an good mortgage lenders in midland, tx that would be even better. try a (mortgage lenders)
How to know which mortgage lenders to stay away from?
i am buying a home and am comparison shopping among different mortgage lenders. the usual big names like countrywide, bank of america, citibank etc have higher rates than the lesser known / unheard of places. how can you know which ones are reputable and which ones to stay away from? (mortgage lenders)
I am buying a house, the outside wall is single brick, why is the mortgage lenders giving me h le?
i do not understand what the mortgage lenders issue is, the house has stood since 1950ish! there is one wall that is single brick, i have had to get a quote to make the wall double brick! is it just me or are they being petty?. most exterior brick walls (mortgage lenders)
Mortgage Lenders?
even though i am making payments on time with my home mortgage. can lose my home if if my lender declares bankruptcy?. no. if your lender goes bankrupt, the bankruptcy trustee will appoint someone to manage the current accounts. you will be protected. good luck. no, what happens is all (mortgage lenders)
Are Mortgage Companies allowed to give an Adjustable Rate Mortgage ARM to lenders of a certain age?
i understand that some law prohibits mortgage lenders from giving arm to people over certain age. i am 54 years old and i am struggling with this rate now. someone told me i could use this fact to persuade my lenders to reduce my interest rate, or to move me (mortgage lenders)
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