Moving to a new house, can I choose when my mortgage repayments start?
812974
Generally no.  Most retail mortgage packages are generated by computers after the variables, including closing date, are input by an operator.  The first payment is usually due on the first day of the 2d month following the date of closing (sometimes the the 1st of the following month if the closing is early in the month) to give the processors time to get the payment paperwork done.  You can, of course ask ahead of time.  Your lender may be willing to accommodate.
907320
from my point of view,i just refinance my house and from 3 people that i saw to do that,nobody told me that i can actually save the money i'm going to spend in closing costs,by the 1 or 2 months that you are not going to be having payments until the new effective due date from your new loan payment
753543
I'd say the most important thing is to get any outstanding debts paid off first if you can.  That will then obviously reduce your total monthy payments and then may give you a change to get a mortgage with less monthly payments or one for more money.
415066
No. The mortgage company will pull a credit report 1 time. They will then get income and reserves from you as to down payment etc. This will then be put into the mortgage software program and it tells the loan professional just how much home you can afford for 15-20 25-30 year terms. You then have to settle on a home and the price you are willing to pay and the terms that you desire. If you have problem credit then he or she may have to submit your loan to several companies in order to close on your new home.
431671
Basically your bank will loan you money based on the value of your property. There are loan ratios so lets say they have a 10% ratio (I think thats normal although others demand more or less depending on the area). That would mean you can borrow up to 90% of the value of the house. If the house is 100K you could borrow 90K. Now if you only owe 50K because you bought it a a few years back and it has gone up in value then your bank will lend you up to the 90K (or an extra 40K) for you to do whatever you want with. Its a cheap way to finance debt for purchasing things like cars, holidays, extensions...than using a credit card or personal loan BUT it means you are putting those things under your home loan and if you dont or cant pay then they reposses your home. You would start by going to your bank and having the home valued by a professional they recognise to see how much you could borrow. A good bank will pay for this service for you as long as you take out a loan with them. You generally set up a new loan (which means a new fee) and then your back to normal. Your home loan repayments will go up but they should be able to calculate these for you so you know what to expect. Remember interest rates are on the rise so factor that in. Happy spending.
863186
It depends on the lender. Some have seasoning requirements. Some have 6 months, some have 12 months. There are also lenders that don't require seasoning, but they are usually non-conforming and depending on  your credit, 2 years previous rental or mortgage history, along with the 4 months mortgage history that you have with you're new mortgage, their rates might not be any better then the rate you have now. Call a few mortgage brokers and ask them if they have any lenders that will do a rate/term refinance with no seasoning requirements. Also, make sure that you don't have a pre-pay penalty with your cuurent mortgage. Sone lenders charge a huge pre-payment penalty.\n\nGood Luck!
42498
If the short term debts have higher interest rates pay them off first. you'll get a lower rate on the mortgage.
415650
Not necessarily.  The amortization, or repayment, schedule on a mortgage loan can be of differing lengths (e.g., 30 years, 15 years, 10 years, etc.).  It is possible that by refinancing, you would chose a term of the loan equal to the remaining term of your existing loan, and thereby not start over.  One of the reasons to refinance is to take advantage of interest rates that may be lower than your current interest rate.  So it is possible to refinance, get a lower interest rate, but the term of the loan (the time over which you will repay the loan) will not change from your original loan - and it is possible that because you are paying less interest because of the lower rate, that saved money could actually be used to prepay principal, and thus allow you to pay the loan earlier than you otherwise would have.
670507
It will be your principal residence even if you are not living in it at the time of renovations.  Don't deal with the morons at a call center.  Find an agent in your local community: http://nwinsurance.nationwide.com/nwagentlocator/find.asp
476390
take a loan on the equity of your property.  it will be like a new mortgage
797033
Yes, as long as the house is either your first or second residence
1101620
Possibly. There are a lot of factors to consider. For example, did you actually go through the process of changing your country of residence? If you did, did you pay full taxes in your new adopted nation of residence? Did you own / let a UK property whilst away? Do you still own it? Are you both UK citizens? \n\nTo sort this out for sure, you need to speak to a UK based accountant and really carefully figure out your situation. \n\nI work as a financial adviser to expats in Belgium. I have seen situations like you wouldn't believe. The only way to be sure is to find a good accountant in the UK, spend time and money with him or her and really look closely at your financial affairs. \n\nThe best thing you can do is to fully assess it before you return. Most people just go back and 'sort it out when I get there'. There are usually all sorts of loopholes that can be used to avoid taxes upon return, if you act in advance and prepare your affairs correctly. However, once you have returned, it is often too late to make the necessary adjustments.\n\nGood luck!
628747
yes it is possible. if your credit score is above 525 and the Mortgage now has a zero Balance you can optain a new mortgage
480501
I have been wondering this myself.  You are so right, life isn't sure at all.  I have a lease where I am at until December and he has a lease where he is at until October.  ... I would like to buy a house in a couple of more years and I am not sure when it would be good for him to move in or if we will even still be an item.  It is just something out there.  Guess you just have to go with what you feel is best.
643159
Yes, If you chose to move out legally you would be able to unless there is a clause in your contract or mortgage that states that you must reside in the property for a certain amount of time
9904
when you can get lower payments
576803
Yes.  If you must purchase a new car, put it off until after you have signed your mortgage and purchased the house--- not just the preapproval process. If you need the car now, then you may consider waiting a bit before buying the home. Any new debt--- even a credit card that you never actually purchase anything with--- causes your credit to go down a bit; it comes back up with a couple of months of regular payment history but that 20 point difference can make a huge impact on your mortgage terms. Also many big purchases in a short time will make your credit look like you may be on your way to overextended. Lenders, especially mortgage lenders, like to see a history of carrying that amount of debt and when the size of the debt changes dramatically, you no longer have any history of being able to pay.