06 January 2009 01:00
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 do I calculate mortgage payments when buying a home from a family member?
Y? asked: We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our na...
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 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...
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 ...
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...
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
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...
what are my options on a high interest rate on a car loan, my credit is not good, so refinancing is impossible
Sydney B asked: My credit is fair and the banks won’t refinance my car loan wich is now @ 24.95%, this is too high for me. i need to know what happens is i turn the car in or what other options do i have?gbrain.net
What your advice on car refinancing?
Bones00 asked: I just bought this ‘06 Hyundai Sonota in february. I was used though with 12,000 miles on its odometer. I ended up with a 17% interest rate. I know I’m a sucker but I kinda fell in love with the car. What’s ...
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
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...
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 an ARM and lost my job 1-year ago. What is the best way to approach refinancing?
Steve P asked: Should I try to get a streamline refi with my current lender and avoid disclosure of my income loss? Or should I approach the lender as as a hardship case looking to avoid foreclosure. I have not missed any payments.gbrain.net
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
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
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 ...
