06 January 2009 01:45
How much interest rate would I get on my mortgage loan and how much would I pay monthly given my situation?
doesnotexist1 asked: I am a 24yo med student in Chicago looking to buy a condominium. As a student, I have no steady income but do have around $30,000 available for a 10% downpayment. My credit score is 760. Can I get a mortgage with a reasonab...
What is a 75/25 mortgage and how does it work? Would I be making 2 mortgage payments a month?
Aqua asked: My broker is suggesting a 75/25 mortgage which he says is good because you do not have to pay mortgage insurance, but does anyone know other details about it? Thanks!gbrain.net
Why paying off mortgage instead of investing in the stock market?
Ron C asked: I’m confused. If a fixed mortgage is 7%, wouldn’t it be better to invest in the stock market for an average of 10% in the long run. In this case, I could have a tax deductable while gaining in the stock market. So, s...
Mortgage ?
LifeLove asked: Can I cosign on a mortgage when I have no credit? As in no bad credit, no good credit?
I would be cosigner. Hubby is the major bread winner.
I have never had a credit card, but have paid my car insurance on time always, etc.
I w...
Has anyone ever heard of a mortgage lender declining a loan because the home has geo thermal ?
toots3320 asked: Three days before closing on our property, the lender decided that they would decline the loan as they noticed in the appraisal (that they had possession of for 5 weeks) that the home has geo-thermal. Our real estate agent and...
How do they determine your mortgage rate if you get a house with a friend? Do they average credit scores?
Ashley Z asked: How do they determine your mortgage rate if you are getting a house with a friend not a husband? Do they average both of your credit scores?gbrain.net
How do I get a mortgage if I want to buy a foreclosure?
Tyler D asked: I would like to buy a foreclosed property from auction. I would need a mortgage to pay for the property. If I go through the bank how do I do this? I also do not have the 10% down that the county requires on auction day.gbrain.net
What is happening to the mortgage industry?
mmc-1212 asked: I was just laid off from my mortgage-title company along with 25 other employees, it seems there are more layoffs coming, if anyone out there currently work or are connected with countrywide there is an other layoff coming in a ...
What are your thoughts on mortgage insurance?
Coco-bunny asked: I’m in the market for a house and read about mortgage insurance. Is it good to have and what the difference between that and homeowner’s insurance?gbrain.net
What benefits would a mortgage company have to delay the closing of a home sale?
amyann16 asked: We have been trying to purchase a home for the last 5 months. We are being told by the seller’s realtor that the seller’s mortgage company is not responding to their repeated attempts to finish the closing deal. Th...
How can I get my mortgage payment and principle lower when I am paying on time?
asked: Couple of my friends have their mortgage payment and principle lower by their lender because their can’t afford it any more and they stop paying. How can I do it when I am paying mine on time all the time?gbrain.net
How do I calculate the Mortgage Interest on a Rental Property?
Jessie M asked: I decided to rent my place out that I was living in to someone in October, 2006. When I calculate the Mortgage Interest for the rental do I just calculate the interest paid during October through December of 2006 since those ar...
Do you figure mortgage payments for a 2nd mortgage the same as for a 1st mortgage?
neffykitty asked: We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI.
If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same...
What's the simplest way to calculate a mortgage?
veronicamars asked: I know these things are complicated and there are several different types of mortages and considerations. I’ve never bought property before and hope to buy my first place in 12 months. In order to do some basic resea...
How can I get a mortgage on a property bought at auction?
Panoulis asked: I would like to look into buying a property at auction as I am a first time buyer, unable to get a foot on the housing ladder. After looking into various Goverment schemes, my only other option is shared ownership.
I would like ...
How much mortgage debt is there in the USA?
PrimeConcern asked: Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned ...
Ethics and Mortgage Lending: What do you think is important?
CJKatl asked: If you had a chance to tell mortgage brokers, originators, lenders, and other professionals what you consider unethical, what would you tell them?
I am preparing a class on Ethics that will be offered to mortgage professionals thr...
How does your credit rating affect getting a mortgage?
katyelizabeth1983 asked: My husband already has a mortgage and although his isnt great its better than mine, I have a very poor credit score with a ccj and a few defaults. I f we were to apply for a joint mortgage how would this affect the resu...
What documents do I need to apply for mortgage restructure from my bank?
EdC asked: I am in the process of preparing to take advantage of the $400B home owner rescue package that will be signed by President soon. I need to apply to my mortgage company for restructure of my mortgage to lower my payments. What documen...
Where do I find a mortgage with good rates and less points?
Secret Asian Man asked: I’m currently looking for a condo in the Washington DC area. What are some good mortgage companies?gbrain.net
What's the best mortgage company for someone with a largew downpayment and great credit score?
jimbob asked: I’m looking for low rates on a 30 year fixed with low closing costs and no BS. Anybody had any good experiences with reputable mortgage companies out there that would fit my profile and needs? Thanks.gbrain.net
How do I get a late mortgage payment off of my credit report?
Kara asked: How do I get a late mortgage payment off of my credit report? I mean I’m totally current on my mortgage now. I want this off of my report. Thanksgbrain.net
What happens to a person's mortgage when the lending company goes bankrupt?
Garry C asked: Does the person pay the mortgage balance to the bankruptcy court? Does the person have to find another lending company to take up the mortgage balance?gbrain.net
What is the difference between a mortgage and a home equity loan?
BC asked: I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or ...
How does rental income on a 1st mortgage affect mortgage affordability on a second home?
Ronaldo asked: For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to m...
