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 ...
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...
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 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
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
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...
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...
Can I get a refinanced mortgage if i start a home business with no employees and still work my regular job?
sammus asked: I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase...
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
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...
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...
How much can a loan agent make when refinancing a loan?
Sunny Michael asked: I live in California, and I just refinance my mortgage. I found out that the mortgage processing company made about 1.2% commission of the loan amount. How much can a loan agent make? If the loan is $1 million, the agent co...
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
How can I get out of a balloon payment on an auto loan without refinancing, trade in or repos?
Andrea B asked: I want to keep my car because I have 3 payments left except I have that balloon paymentgbrain.net
Refinancing for a better interst rate and cheaper note?
result now asked: Refinancing for a better interst rate and cheaper note?
I recently purchased a vehicle in december 06. Does anyone know where I can get it financed with a better interest rate? Or, is it too early in the loan to do this?gbrain...
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...
I need information about refinancing my home?
jmb35_1999 asked: I have been in my home for about 6 mos and I have bad credit plus a bankruptcy that was discharged. The bankruptcy was done dischaged before I bought my home which made my interest rate very high. I am trying to see if anyon...
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...
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
Refinancing a mortgage with an already low interest rate?
Leo G asked: I have a 30yr fixed 4.93% interest on my 140k home, I currently owe 130k. My monthly mortgage is $1.116. If I refinance, according to several sources, I can lower my monthly bill to the 700-800 range. How is this possible if I wou...
how much should refinancing a convectional mortage cost?
grannygremlin7 asked: How much profit should the lender typically make to close the mortage agreement?gbrain.net
