06 January 2009 01:45
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
What is the best way to get a good mortgage rate in California?
Jentleman asked: I have a friend who is buying a house. He is trying to get the best rate. There are mortgage brokers that are offering a rate that is 0.125% better than the banks. Right now, that is around 6.25% for a 30 year loan at 80% fi...
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...
What happens to the money I have paid my mortgage lender for taxes and insurance now that they are in a BK ?
April asked: Our mortgage lender has filed for bankruptcy. Our payments to the mortgage company include principle, interest, taxes and insurance (PITI). What happens to the money we have paid towards taxes and insurance ?? Since we have pai...
How long after a mortgage co sells your loan does the original mortg co have to keep your documents on file?
cali asked: I purchased my home in Dec’06 and now I want a copy of the appraisal that was done then. I asked for it upon closing in December & was told it was the property of the mortgage co, so I didn’t get it but was told th...
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
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...
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
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
I have two question mortgage interest and the rebate check?
stephanie b asked: I have decided against itemizing because I get a better deduction with the standard deduction So….If I have to file a schedule B rather than a schedule A for my mortgage interest how can I do that. Im using tax slayer w...
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 do you do when your mortgage broker lies to you about your refinance?
Blondie asked: Working with a mortgage company to refinace my home and the agent keeps telling me not to worry, we will close guarnateed. Now after a month and we still havent closed, we havent made a house payment in 2 months because he told ...
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
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...
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 ...
