06 January 2009 01:00
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 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 ...
How much money do mortgage brokers make?
Carson asked: I heard that mortgage brokers drive Porches and make tons of money. By and large, how much does the average mortgage broker make?gbrain.net
How do you calculate what your mortgage payment will be without using a mortgage calculator?
NeedInfo06 asked: Can somone show me how to calculate a mortgage payment
like for example
what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?
Can somone show me how to calculate a mortgage payment
like for example
w...
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
Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?
cookingmomma asked: If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished - does the existing second mortgage put a monkey-wrench in refinancing th...
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
How often do mortgage comapnies use the 4506 t form to very info. Always or hardly ever when buying a home?
james w asked: If you provide the mortgage company with all the requested info do they typically follow up on that. Does it vary from company to company or is it a common practice for them to execute the 4506t form. Also, has anyone everheard...
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...
What happens to the second mortgage when the first mortgage forecloses?
Painted Jezebel asked: I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated...
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...
mortgage?
bjm_116 asked: if i buy a home of $350,000 detached / semidetached and 10,000 down payment then how much mortgage will i have to pay every month????
thanks for the answers well if not 10,000 then wat abt 20 or 25 ?gbrain.net
05 January 2009 08:00
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...
At what point in my mortgage refinancing am I still able to withdraw my loan request in favor of a better rate?
Eugena asked: I locked in when my lender offered 5.5% but now rates are in the 4%s. I’ve turned in some signed documents and the closing is next week. What are my options? Can I reneg?gbrain.net
I am refinancing my car and was wondering if paying off my credit card will get me a better interest rate ?
Superstar asked: Will paying off my $900 balance on my credit card get me a better interest interest rate when I am about to refinance my car? should I close any open accounts that I never use before applying to refinance? My current interest r...
I have a commercial loan on an apartment building. What is a better deal for refinancing?
exfootballgraduate asked: current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)
can refi with another lender with same terms with 8.00% (approx 480,000)
or can refi with original bank at 7.6...
What to expect when refinancing my car?
AP asked: Will my monthly note go up? what if ive made all the payments on time but have past due payments etcera on other things.. except my car.. ?gbrain.net
Can anyone explain the points system in refinancing a mortgage?
Manny asked: I understand loan officers charge certain amount of points to do the loan, and i know a buyer can purchase discount points. But why do they have those points and why do they sometimes charge points out the back? and how does their ...
what are the pros and cons for refinancing?
*Star* asked: I had a co-signer for my new car so I could get a better interest rate. The dealer said that in a year I could refinance the car to remove the co-signer name from the car; besides that what are other pros and cons of refinancing a...
Mortgage refinancing- do it now, or wait? What direction are rates currently projecting on going?
Mortel_LS asked: Would it be better to refinance now at about 6.5% fixed for 30 years, or wait a few months? What’s the rate outlook? This is for New York.gbrain.net
MY dad messed up by refinancing everything, we have no money to pay for anything. what should i do?
need to get back on my feet asked: He messed up our whole families lives by refinancing. he didnt know the interest would be higher and now he cant pay for it.. he is waiting to die so we can use his life insurance to at least pay for partially...
Does refinancing your car help your credit score or build your credit?
azkoolchik asked: I just refinance my car and lowered my interested and my monthly payment and I was just wondering, does refinancing your car help your credit score or build your credit?gbrain.net
Should I trade my car before or after refinancing?
kakilakslick asked: The value of my current car is more than the price of the car I want. I know the negative equity will be added to the price of the new car. Is it better to refinance the car before I trade it in or after.gbrain.net
How to go about refinancing my mortgage?
mattysmom22 asked: I have bad credit, my mom financed a home for me. at the time, 3mos ago, her credit score was like 620 but she had bad debt that was paid off right before getting this loan leaving her with no outstanding debt, save for the n...
