06 January 2009 02:00
What happens if accidently I gave false information to my car insurance during the application process?
Arianna D asked: I was under the impression that my 2003 car had ABS (anti lock braking system) because my car dealer told me so, I bought it used. Accordingly during the online application for my car insurance I said that my car has an ABS Sy...
Will my car insurance rates go up in a single car accident?
david H asked: Have had a perfect driving record for 20 years, last week on my way to work, hit black ice, and car overturned in the ditch - car was a total loss. Do you think my rates will rise? No injuries or property damage, just a totalle...
How much is car insurance for a teenager under 18 years old?
Alexis B asked: If you share the car with someone, is the car insurance higher for two people instead of one? If so how much more?gbrain.net
How do I rent a car if I'm under 21 and don't have full coverage insurance?
PAL P asked: I am planning a trip and need to rent a car at my destination. I have several car companies that are willing to rent a car to me, though I’m 19, but they require full coverage car insurance, which makes sense, but the problem...
Where do car insurance companies get your driving record in CA?
True2it asked: I hit a guys bumper while driving a company car a couple of years ago and I thought he filed a claim but the company took care of it and I never heard about it again. I’m getting car insurance and I pulled my driving record...
How does rental car insurance offered by credit card companies (when you use the card) work?
hedonist asked: I have credit cards which say they cover me for rental car insurance when I use the card to make the full payment for the rental. How does that work? Are there any catches? Does it make sense for me to get the additional insuran...
06 January 2009 01:45
What happens to my mortgage if the bank goes broke?
Kelli M asked: If the company that holds my mortgage goes belly up, what happens next? Does someone else buy the mortgage? And how would this affect me as the homeowner?gbrain.net
Where can I find the best mortgage deal?
Evil J.Twin asked: My partner and I are looking for a mortgage lender. We are 1st time buyers in England(midlands). We would prefer a 100% mortgage but my partner has CCJs(they are all paid off)and I currently don’t work. We have looked i...
How does the tax deduction work for mortgage interest payments?
KL asked: Is this the correct formula for the tax deduction:
Tax rate of 38.5% times all the mortgage interest I paid in the past year?
Also, If I owe $100 in taxes but my deduction is $125 (based on formula above) does that mean the govt. will...
How hard is it to get a mortgage now? What kind of credit score do you need?
susan s asked: I’ve heard that due to all of the foreclosures mortgage companies are getting tougher.gbrain.net
Are mortgage points deductible in the yr of pmt or do I spread them over life of loan?
Surjit T asked: I am a 1st time home buyer and am in a high tax bracket (33%). I am considering whether I should accept points and buy down the rate and claim all the points (approx $11,000) in the current year when I file my returns next year?...
My mortgage provider is telling me he legally has to advise me on insurance is this true?
Claire W asked: I am currently going through the re-mortgage process, my advisor told me he legally has to meet up with me and advise me on buildings and contents and life insurance as per FSA guidelines. I work for an insurance company and get...
Where can I find out current home mortgage rates for my area?
ohio_state98 asked: Does anyone know where I can find out the current mortgage rate averages for my geographic area? I’m looking at possibly refinancing and want to know if it would be worthwhile. Also, can I expect any costs when tryin...
How does a 2nd mortgage work from the lender's perspective?
Angela A asked: I’m specifically looking for what happens in the case of default on the 2nd mortgage when the 1st mortgage is not in default.gbrain.net
What is the difference between a second mortgage and a refinance?
gwizzle2002 asked: I am financing a pool and was told by the lender that a refinance and a second mortgage are the same thing. Is that correct?gbrain.net
The value of my home is considerably less than my mortgage. Is it possible to renegotiate a mortgage?
webpinger asked: My lemder is Indymac who has faultered. The house (3200 SqFt) is nice, more the wife’s pick, but is now a financial titanic. Is it possible to renegotiate my mortgage to a lower amount?gbrain.net
What are similarities and differences between current mortgage crisis and that of during the great depression?
Robert G asked: I am doing a reading, and it would be of great help, if you guys could provide some of these answers. cheers
Discuss the similarities and differences between the contraction of the housing market during the Great Depression and ...
How nessesary is it to get a mortgage pre-approval if it is not your first home buying?
kissy73179 asked: Our house is for sale and we want to start looking for a new one. I know 1st time buyers should get a mortgage pre-approval before looking at houses, But if this isn’t our 1st house, how necessary is it for us to get on...
Can Mortgage companies pull bank statements and verify income?
james w asked: Just want to know what information mortgage companies can and can not verify. Do they just use the information you send to them.gbrain.net
What is the best way to market a new mortgage company?
spafilterorders asked: I was thinking about working under a broker in the mortgage business but, it is all commission. Since you need new customers everyday how do you find people who need a mortgage if you are not tied in with a Realtor?gbrain...
What is the best type of mortgage loan for the lowest monthly payment?
cantholdmd asked: 30 year fixed? 2/1 ARM? I need a loan with no PMI and low points and the lowest possible mortgage payment a month. What Im working with:
Credit score 600
Annual assets (Salary) 34500
Monthly Debt: 70
House loan amount: 10600...
Mortgage Points: What's the difference between taking points and just putting more $$ down?
yodadoe asked: I’m pretty new to all this crap. If I choose to take a higher number of “mortgage points,” I reduce my interest rate. But I have to pay for that at closing, which reduces the amount I can put down. So what’...
Is it possible to obtain a mortgage loan for a USA home from a foreign country?
DogJD asked: I am wondering if it is possible to obtain a LOWER interest mortgage loan by obtaining if from a foreign country? Could you give me any web site references? Thanks!
Also have you ever heard of Sydney Financial Group?
I found this...
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...
