06 January 2009 01:45
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 if I lose my job before closing on a mortgage?
hrland asked: I’m pre-approved for a mortgage and looking for a house. We want to buy quickly because my company is probably about to be taken over. I still want to buy right now because I can make payments while I look for work, if I get...
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...
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 ...
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 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
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 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 ...
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 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
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...
If mortgage bonds are secured corporate bonds then how did the subprime bubble happen?
kmm asked: I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.gbrain.net
