Can a bank mortgage company take your tax refund?

Answer If the bank (creditor) is not the government (the government can impose a tax levy), they cannot take all of your earnings. A creditor can only seize 25 percent of disposable earnings. If you prove... Read More »

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What is an Item comment policy requested by mortgage company My mortgage company is requesting an updated policy but I live in a condo with a homeowners assoc.?

There are two kinds of insurance in a condominium community: a master policy that covers all the real estate assets owned in common, and an HO-6 policy that an individual owner carries to insure th... Read More »

Does private mortgage insurance vary from bank to bank?

The amount a borrower will have to pay for private mortgage insurance varies from bank to bank. Most often, the amount of the payment is between 0.5 percent and 1 percent of the total amount of the... Read More »

Can a Bank Require Mortgage Insurance on a VA Mortgage?

Private mortgage insurance is a type of insurance product that most homeowners are forced to purchase in order to protect their lender. This insurance coverage is required in case the borrower goes... Read More »

The FHA Mortgage Insurance Premium Refund Process?

If a home buyer qualifies for a Federal Housing Administration (FHA) home loan, the administration insures payment on the loan even if the buyer defaults. Therefore, the FHA requires the borrower t... Read More »