by woodleywonderworks

I built a house in 2008 but have not been able to close on the home and secure a mortgage. The mortgage companies I have spoken with tell me that until my previous home is sold I will have to continue with a construction loan and a very high payment. Does anyone have any advice?

by ardenswayoflife

We paid off a 2nd mortgageforeclosure before it went through. We continued to pay on our first mortgage with no problem. The attempted forclosure was not on our credit report until we refinanced with a new mortgage company. Is this fair? It looks suspicious that it only appeared on our credit after we refinanced with a new company. We understand that business is business but it seems that they were fine with everything until we pulled our mortgage from them and went with another company.

Minnesota Mortgage Free Useful Information http://dld.bz/4kWn

by TheTruthAbout

I have a rental unit on my property that is included with my mortgage. Can I claim that percentage of the mortgage as a deduction (based on square footage) or just the mortgage interest? (FYI: Yes I do have a tax professional but she is unavailable for a few days and I would just like to know for planning purposes). Thanks!!!

The 4 Best Steps to Home Mortgage Protection: There is no denying the fact that the economy is #twitter #LON http://3taps.com/w/S5J5S3

by respres

I have an interest only mortgage with my mortgage lender but I would now like to let my house out.

I have been advised that if I let my house out I am obliged to let my mortgage provider know.

I don’t know what the repercussions of this would be if I did or didn’t tell them. How would they find out if I just let it out anyway? What would they do if they ever found out? If I meet their mortgage repayments they shouldn’t have a problem, should they?

Can anyone enlighten me on these matters?

New blog post: 2nd mortgage Foreclosure: How long is the delay to put it on your credit? http://j.mp/9ArK9t

by Paolo Margari

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 my monthly liabilities?

@cdknot i intend to. concern is that academia is at odds with these other ways. eventually most people have to choose mortgage or the cause

by Dan4th

How can one mortgage a home without any credit history? We don’t own any credit cards and credit is harder now to obtain than before. What kind of a down payment would we need?

Thanks!

Obama mortgage mods slow, hitting nearly 500,000 http://t.co/Y394fOO via @CNNMoney

by TheTruthAbout

The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had the mortgage for five years. Is there a way for him to recoupe some of those taxes because he didn’t have those exemptions. Is his mortgage company responsible?
What about the back money that is owed to him because the county was over charging because he did not have those exemptions for 5 years

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by ro_buk [I'm not there]

With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?

Commercial real estate buying and finance compared to residential …: Broker Commercial Finance and Mortgage Brok… http://bit.ly/d3KA5C

by paral_lax

We have been pre-approved by a mortgage company. The mortgage company has recommended a real estate agent. I am a little leary of going with this real estate agent, however, because, being a first time home buyer, I need a lot of guidance. I am afraid that, being tied to the mortgage broker, the real estate agent might not fight to get us the best mortgage deal (if it happens to be with a company other than the original mortgage broker’s).

How do you go about getting a good mortgage deal?

Mortgage-interest tax break may face ax: report http://twlv.net/zb2onk

by Mike Licht, NotionsCapital.com

I have a standard 30 year fixed rate mortgage at around 5%. I am planning for an early mortgage payoff. I am wondering if I should pay the minimum mortgage payment and save my extra cash until I can pay the mortgage off in one lump sum 9-10 years from now or make smaller monthly payments.

What caused the foreclosure cris http://www.foreclosureonhome.com/foreclosure-on-home/what-caused-the-foreclosure-crisis-mortgage-broker-3/