06 January 2009 01:00
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 do Mortgage loan officers make their money?
Bri up asked: I’m getting a mortgage loan through a mortgage company but the guy that is giving me the loan seems a little bit to excited. How much money is he making off of the loan of 170,000 and what should I look out for?gbrain.net
Mortgage?
YEEH! asked: I recently got a letter from my bank saying I owed them $199 from “late payments” on my mortgage. (you know how your mortgage is due and if you pay it late they tack on a charge) Well, everytime my husband went to pay o...
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...
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...
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 are the penalities for lying on a mortgage application?
fury1162 asked: I’d like to get a mortgage but I owned a rattlesnake once. What kind of trouble will I get in for lying on a mortgage application to cover this fact up?? Might it be okay if I say I owned one before I was 22 if they can&...
How exactly do 'interest only' mortgage loans work? When do I pay on the principle of such a loan?
ronidl76 asked: I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?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
Why is my mortgage company not paying my tax bill when I have escrow?
SJS asked: My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.
I paid the bill myself, because it is over six months late and I...
Can a mortgage company file a 1099 when you are in default without a summary jugement?
mexlin asked: We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.gbrain.net
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...
How could I work out my monthly mortgage payments if I only had a pen and paper?
fergl asked: I know I could use a simple mortgage calculator, but I am curious to know how my mortgage payment is arrived at. Is it cumulative interest plus principal divided by years and months. Please could you supply a detailed example as I ...
What is the best mortgage to go for in London banks?
Gem asked: I am a first time house buyer and need to find a mortgage wihtin the next 16 weeks. I would like to know what banks are doing the best mortgage deals at the moment, can anyone help?gbrain.net
How do I calculate mortgage payments when buying a home from a family member?
Y? asked: We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our na...
How do I become a mortgage broker or mortgage agent in California?
Nelson asked: I am fresh out of a college. Not just any college; a community college. And I need step by step how to become a mortgage broker or mortgage agent please. Thanks alot.gbrain.net
What happens to a real mortgage when a debtor files for bankruptcy?
JV asked: I’m a creditor whose debt is secured by a real mortgage. I’ve received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgag...
How does reworking a mortgage affect my credit score?
Greatone76 asked: I could use the help of potentially reworking my mortgage to be more affordable. It is possible for me to get by without doing so. If I do call my mortgage holder and rework my mortgage for a reduced interest rate or reduced...
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 ...
What happens to a second mortgage when a home is purchased at a foreclosure auction?
buad0118 asked: I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean tha...
05 January 2009 08:00
Does anyone know how to go about refinancing a Auto Loan?
Precious asked: Even with bad credit… and about how much would it save me a month?
I’ve had the loan for 2 yrs and consistantly made full payments until just recently when I fell behind.gbrain.net
What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing?
costumes.us.com asked: I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty...
what are my options on a high interest rate on a car loan, my credit is not good, so refinancing is impossible
Sydney B asked: My credit is fair and the banks won’t refinance my car loan wich is now @ 24.95%, this is too high for me. i need to know what happens is i turn the car in or what other options do i have?gbrain.net
What your advice on car refinancing?
Bones00 asked: I just bought this ‘06 Hyundai Sonota in february. I was used though with 12,000 miles on its odometer. I ended up with a 17% interest rate. I know I’m a sucker but I kinda fell in love with the car. What’s ...
Why are home appraisals different when they are for refinancing purposes?
littlec asked: We paid to have a home appraisal done ourselves to get a true market value of our property and also our mortgage was due. I knew that the bank would request a 2nd appraisal anyway, but they were paying for it. They used the sam...
