I recently bought about 8 acres and to get to my 8 acres I must go through a gate that passes through someone elses land. The other person has 20 acres and to the south side of their land is a road that stretches the entire length from the front gate to my gate. On my warranty deed, there is no mention of this road being or having an easment. Instead there is a grandfather clause on that road and people with land behind mine use the road too. It passes through my land as well. My question is, if I wanted to get a mortgage loan to build a house, what type of easement will I have to get in order for the loan company to lend it to me. I’ve been told that there needs to be an easement in order to borrow money. Where can I get this easement from and do I have to involve the people infront of me in any way? Also, if I wanted to put an automatic gate in the very first entrance where the road begins, who do I have to talk to. Im willing to pay for it, can I just put it up?
There is already electricity there where my land is at because I have a security light I am currently paying for. Does this mean there could be an easement already, just not legalized on documents? What is a center line or center lying easement. I’ve been told that a surveyor can just shoot a straight line from the highway to my gate entrance and document it and this will be enough to get a loan from a mortgage company. How true is this?
Posts Tagged ‘Mortgage’
What type of easement is needed for a mortgage company to let me borrow a home building loan?
Do you have any experience, good or bad, with Quicken Loans for home mortgage?
Please tell me your experiences in dealing with them…Getting ready to close soon & want your opinions.
We are renting a house and the owner needs out of the mortgage. Can the bank transfer the loan to us?
We were denied a home loan from the bank due to debts we are paying down. The home owners just need out of the mortgage and would like us to take over the loan. The house is worth 329,000 and they only owe 228,000. Would a bank transfer what is owed on the loan?
Which type of lending institution is better for a home mortgage; a mortgage company or traditional bank?
I’m not a first time home buyer. What are the pros and cons of using bank financing versus mortgage company financing to find the most competitive interest rates? This is for a home purchase, not refinance and my credit is excellant.
Looking for a Large Quality Mortgage loan company with no surprises?
Buying my first home and want a quality loan. Whats a good mortgage loan company thats a larger chain GMAC, Countrywide? I dont want a surprises during my loan are fixed loans better? Have good credit
if i have a home equity loan, can i refinance my 1st mortgage or do i have to refinance both?
Madison First Financial (www.madrate.com) for a home mortgage refinance???
Is anyone familiar with Madison First Financial (www.madrate.com) and had any experience with this company?
Are they a first rate company with a good reputation? Has anyone used them or known someone that used them for a mortgage?
what is the purpose of a home equity or mortgage loan? And do you have to get one to buy a home?
What is the difference between refinancing a home loan and a second mortgage?
We are thinking about either a cash-out-refinancing of our home loan or applying for a second mortgage but don’t really know the difference between the two options. We are going to use the money for bills we are upside down on. We aren’t so far under that we need to file bankruptcy but we are pretty far behind on all of our bills and want to catch up before its to late. We need info about how the two are different and the pros and cons of the options. Please no spam about your mortgage company. We just need the facts. Thank you
I refinanced my home loan this year. Can I tax deduct the mortgage interest on the old loan and my new loan?
I paid off a great deal of interest on the original loan and just want to be sure before I attempt to deduct it.
I meant to say I refinanced in September 2007 not this year.
Need advise on a mortgage quote, is 4% good?
I got a quote from http://get-a-home-loan.net at 4% fixed for 15 years is this a good deal or not?
when to refinance home mortgage?
when is it worth refinancing. i locked my 30 yr mortgage at 6.375 or 6.125 i have to look it up. it was a 157k loan. right now the rate is at 5.375 i think. the cost to refinance is $1300. the guy at the bank said that a good time to do it would be when the rate is at least 1% lower. he also said that i would make up the $1300 probably in the first year. any input on when to refinance would be great. thanks
when is it worth refinancing. i locked my 30 yr mortgage at 6.375 or 6.125 i have to look it up. it was a 157k loan. right now the rate is at 5.375 i think. the cost to refinance is $1300. the guy at the bank said that a good time to do it would be when the rate is at least 1% lower. he also said that i would make up the $1300 probably in the first year. any input on when to refinance would be great. thanks
I do all my banking at US Bank. I was told awhile ago that with each 1/8% rate deduction it’s about $5 less for the monthly payment.
i wouldn’t be able to pay any fees out of pocket. they’d have to be added to the loan.
we were speaking with someone our builder suggested for a mortgage he works for GMAC?
which we ve heard great things about HOWEVER he called twice last week BOTH times were not at specified AGREED times (not even close) and then he talked to my husband and said he would try for a different specific loan and NEVER called us back!! we havent heard from him since last tuesday, should we look for someone else now or is this normal?? i havent talked to the builder either and ive tried calling him. whats going on? the score is fine and he said that we even might qualify for the first home buyers loan and now nothing in a week. is this bad business or what?? we’d like to stick with GMAC but this guy is a real jerk
Processing Mortgage Loans from home??? I have done it for a couple years, but the company I was contracted?
with….ran out of work for me, does anyone have any suggestions or websites I can go to…to try to find new work in the mortgage business??? Processing from home….I am in Arkansas. I already have a home office set up…Help!! Thanks!!