Skip to main content
8 votes

Best way to change underlying asset of a mortgage

There are not standard mechanisms that I am aware of to "swap out" the collateral for a mortgage, let alone to assign t-bills as collateral. Some other thoughts on why this would be ...
D Stanley's user avatar
  • 137k
2 votes

Where the money for the difference of appraisal and purchase price goes

Remember that appraised value is only an EDUCATED OPINION on what the house might go for in the current market, based on what similar properties have sold for. It has little to do with whether the ...
keshlam's user avatar
  • 48.3k
1 vote

Where the money for the difference of appraisal and purchase price goes

People buy houses for more than their appraisals all the time. The money goes to the seller. If the buyer can't pay for the house entirely in cash, there is a mortgage, so some of the money to the ...
Kate Gregory's user avatar
  • 13.4k
1 vote

Where the money for the difference of appraisal and purchase price goes

If you buy a house for 100k and it's appraised value is 80k, your loan-to-value (which is a factor in loan approval, interest rate, and PMI) is calculated based on how much you borrow divided by the ...
D Stanley's user avatar
  • 137k
1 vote

Best way to change underlying asset of a mortgage

I think the answer is to tell the bank you want to take out a new loan secured by the T bills and use that to pay off the mortgage. That's basically how refinancing works, except in that case the paid-...
keshlam's user avatar
  • 48.3k
1 vote

Why would I ever buy a house vs. just renting and invest the rest?

There is one major fact about investing in a house: Once you invest in a house, the money is in a fixed place, you cannot just take it and spend it. Let’s say in 5 years you have either $40,000 in ...
gnasher729's user avatar
  • 23.3k

Only top scored, non community-wiki answers of a minimum length are eligible