Tag Archives: Insurance

How exactly do Section 502 Rural Housing Loans subsidize a monthly mortgage payment?

By pcgumban | April 19, 2009

bobo asked: Im looking into obtaining a section 502 rural housing loan from the USDA for low-income people. I have researched some of the usda’s info but cant find answers to my specific questions. My questions involves the repayment ratio, amount of mortgage financed, and subsidy. From what I understand, the [...]

Posted in Renting & Real Estate | Also tagged | Comments closed

If someone dies and wills their house to another and there is still a loan on the house is it illegal for?

By pcgumban | February 17, 2009

quidproquo888 asked: Is it illegal for the person who now has the house to just continue making the loan payments without telling the bank that has the house loan? What about the insurance? The taxes? Is any of this fraud? What is the status of the loan of a house when [...]

Posted in Law & Ethics | Also tagged | Comments closed