Is it possible for me to get an advance on my mortgage?
954870
In the US that is called a cash-out refi.  You refinance your mortgage and take equity cash out.  Do you have much equity?
1012787
You can probably do it, but you'll have to shop around.  Most banks don't offer mortgages on unimproved land, but there's got to be a few that do - but the interest rates may not be so good!
793567
Not at all.  Many factors come into play when obtaining a mortgage.  Call your local bank and ask for a loan officer.  They will be happy to answer your questions, if not keep looking.  You should be able to get almost any loan you want on any property.  ARM's do offer bigger incentives for the bank or loan professional you are using, they may try to steer you there.  Make sure to ask around with other financial institutions.\n\nFrom my experience 5 acres and under are quite easy and fall into residential.  However, if any of the land is used for profit from a farm type business (crops, animals, etc) the lending rules change fast.
742217
Talk to a mortgage advisor at any estate agents. They scan a computer with over 33,000 mortgages on it to find the best one for you. Northern Rock do a 100% they told me.\n\nGood luck, be sure you know what you're doing!
212692
Maybe if you can put 40% down.  \nBut without a job, its a tough one.\nTry here http://www.regionalmortgages.com\nMany lenders will require that you have \nlife insurance for the balance of the loan.\nCheck out http://www.insuremylife.org
537125
YES YES IF YOU HAVE AT LEAST A 580 CREDIT SCORE (SHOWING W2) I DO NOT HAVE PMI OR MI WITH 100% WE ALSO OFFER 6% CLOSING COST TO BE ROLL INTO THE MORTGAGE FOR A TOTAL OF 106  I AM A SR LOAN MANGER AT A MORTGAGE BANK . ANY QUESTIONS PLEASE EMAIL AT JOHNG@OLDMERCHANTS.COM
509951
The student loans will reduce the amount you are able to borrow, but they should not stop you from getting a mortgage.  \nIf you can get a mortgage that is less than your rent(and has some interest rate stability) then go for it.  However this is impossible in most markets.  You should have your raise(or most of it) direct deposited into a savings account and save up for a down payment.
9051
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
1107520
you should be able to get a mortgage as that is a secured loan
527981
Of course you can, provided you can demonstrate your ability to repay the loan, i.e., make the loan payments above your existing obligations. You may be able to get up to the maximum debt-to-equity ratio allowed by the lender and also based on the updated appraisal value of your real property.\n\nIt would be easier to get loan approval if you had it already rented on a long-term lease, which will be the source of your repayment for the Equity Loan.\n\nAnother factor considered by the lender would be the purpose of the loan proceeds, depending on their prevailing policies. Be sure to deal with the more reputable commercial or mortgage banks and avoid going to "hard money" lenders.\n\nGood luck!
176150
There are actually three variables that go into determining wht your interest rate will be Fico Score, Debt-to-Income Ratio and Loan-to-Value.  You can get a mortgage with any score.  Even sub 500 scores.  You might qualify for a loan now with your score but the interest rate is going to be higher.  If you are willing to pay the price I would say go for it and allow your mortgage payment history to build up your score.
811036
There is a possibility you can refinance to a fixed rate. But, it will still  be a pretty high one, unfortunately. It will depend on equity you have in the home and your credit grade. If you want to see about it, drop me a note - hall442@yahoo.com.\n\nPeace.
939079
Yes! A mortgage history (that is on time every month) will quickly boost your credit score! (on the downside, any payments over 30 days late will just as quickly kill it...)
235810
No.  Mortgages are on specific properties.  You cannot transfer them from one to another.  Sorry!  To be absolutely sure, call your mortgage company, they will be able to answer it for you for certain as they are the ones granting the mortgage in the first place.
217256
need more information to answer your question, I am a mortgage broker, just e-mail me with more specific information and I will try to help you with you question
4037
You can probably pull it off, but you will be paying through the nose.  I would wait a little bit, save up some cash / pay off debt.  Even if you can gather up 5% down payment..\nI know a guy that writes those kind of loans in PA.  Let me know if thats where you are from.
213300
Do not sit and wait for something that is possibly only a figment of someone's imagination.  Plus the area that you are in may not apply.  Also, when this happens, it is very possible that interest rates on mortgage are going to start going up quite rapidly.  Buy now.  Most areas are experiencing a buyers market.  Now is the time!!!!\n\nIf you would like lending advice, go to www.americanhm.com/timothy.kaz ee and there is a ton of info on there.  Plus you can even apply online.