OCTOBER 21ST, 2009
By ADMIN
We filed bankruptcy a year ago. We left out the first mortgage but included the second mortgage (home equity line of credit). It has been discharged, no one contested it and we haven’t received a statement or any other communication from them since. We want to sell the house now to our daughter. Does that 2nd mortgage company still have a claim to the property?
OCTOBER 19TH, 2009
By ADMIN
What are the benefits of prepaying my mortgage if I know I will sell the house before I actually pay it off? I have a 30-year fixed mortgage. I know one benefit is reducing the amount of interest you pay over the life of the loan. However, I don’t plan on paying off the entire house ever. I’m sure I’ll sell it in a few years. Please advise. Thanks!
OCTOBER 18TH, 2009
By ADMIN
I am a single mother, who is engaged to married, I am looking to apply for a mortgage, what i am curious about is if both my fiancee and myself need to report our incomes in the application. He does not have steady employment. Any ideas?
OCTOBER 16TH, 2009
By ADMIN
The reverse mortgage accumulates interest as you use the money, and your house is supposed to appreciate 4% a year, will what you owe ever exceed the value of your house?
OCTOBER 14TH, 2009
By ADMIN
What do you need to get one of these deals where you assume the mortgage on a house for sale?
AUGUST 27TH, 2009
By ADMIN
I was thinking of buying an investment property in Japan with a mortgage from either there or the US. If that’s not possible is there any country where I could get a mortgage for a property overseas while still living and working in the States?
AUGUST 26TH, 2009
By ADMIN
We are looking at refinancing due to an adjustable loan that the interest rate keeps going up every 6 months, its now 10.025%. We dont want to get stuck in another bad deal and I want to know which Mortgage company is best going to suit our needs and be honest with us. Is there a website that rates mortgage companys?
AUGUST 25TH, 2009
By ADMIN
Obviously, the house has enough equity to take out a second mortgage. No, I don’t think second mortgages are good ideas, but some situations merit them. I just simply want to know if you close on the home, can you take out a second mortgage immediately after, or do you have to wait a certain amount of time?
AUGUST 25TH, 2009
By ADMIN
My sister, a nurse, is off work due to a broken leg and her husband (deadbeat) quit his job just a couple of days after she got hurt and hasn’t gotten a new one in the last 5 weeks. She doesn’t have sick leave or temporary disability insurance. She missed this month’s mortgage payment. She will probably be off work another 4-6 weeks if her leg heals okay. So that means missing at least a second and maybe a third payment. But her doctor worries with the type of fracture she had that it may rebreak after she gets the cast off and tries to walk on it with even a boot. Then he would have to do surgery with plates and pins. She could be off work for up to 3 months more if that happens, which would put her missing almost 6 payments. I don’t want her to lose her house, but I don’t want to give her any money until she is truly at risk because I don’t want her husband to benefit from it.
AUGUST 25TH, 2009
By ADMIN
If any of you have hurt by mortgage crisis, could you please tell me your story and how do you handle your finance. How much percentage did your house’s price dropped? Is it affected your lifestyle?
