06 January 2009 01:45
Do you figure mortgage payments for a 2nd mortgage the same as for a 1st mortgage?
neffykitty asked: We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI.
If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same...
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 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 ...
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
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 ...
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
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 ...
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
