Second Mortgage

Why would a mortgage appraiser reject to give you a second mortgage?

There are a few important questions that need to be answered to understand the role of mortgage appraiser in lending you a second mortgage.

The questions are does a mortgage appraiser have the right to reject a mortgage? Who has the right to reject a mortgage? What might be the most common reasons to reject a mortgage in addition to the condition of house?  Read the rest of this entry »

Do you know how a Mortgage Interest Deduction works?

You pay your payments for the second mortgage but do you know who really gets the “cut” everytime you send that pay cheque? It is called Mortgage Interest deductions.

So who deducts the mortgage interest paid. If you are paying a mortgage in some one else’s name then should it be on his/her tax return since the mortgage is in his/her name? Read the rest of this entry »