Can I loan money to an acquaintance and put the person’s home as collateral?
September 30th, 2008
barryTrot asked: I have an acquaintance that would like to borrow $5,000 and he owns a home. His credit isn’t very good, so he has been quoted 9% for an additional loan on his home plus closing costs of course.
I would like to loan him the money at 8% with no costs, but I [...]
What do you do when your mortgage broker lies to you about your refinance?
September 29th, 2008
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 us not to, and now the loan may not [...]
What can the mortgage company do when I have two properties and can only afford one?
September 27th, 2008
vals.beach asked: I have two homes with the same mortgage co. One I can’t afford and the other I can. The one I can afford has a little equity. Can they force me to sell it if I go into foreclosure?
What is the best and easiest way to apply for a home improvement loan?
September 25th, 2008
fragmentsofmemories asked: My husband, his dad, and I, all live in a house that was built in the 20’s. Problem is, my husband doesn’t want to move to a different house because God only knows why. So, instead of moving, we have talked about fixing this old house up. It’s made out of logs and [...]
How do I look up mortgage information in the public records office?
September 25th, 2008
remo7 asked: I would like to go to the public records office and find specific mortgage information. For example, what type of mortgage someone has.
where can i obtain a home loan with a credit score of appro 550?
September 24th, 2008
cara p asked: my husband and i make approx 80,ooo per year and we have paid off all of our loans on vehicles and our boat when we sold our last house. we just bought property and put 30,000 down on it in cash.
can i get a home loan with no job but great credit?
September 22nd, 2008
Brenda asked: i was wondering if there is any kind of home loan i can qualify for. i have no job,but my credit score is 800?
want to buy a foreclosed home and put it in my name only not my husband’s
How do I calculate mortgage payments when buying a home from a family member?
September 17th, 2008
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 names, not renting. How are payments like this calculated? [...]
My home appraised for less than my home loan amount. Any suggestions on how I can refinance my home loans?
September 14th, 2008
Bob O asked: My first mortgage balance is $650,000.00 I have a pick-a-payment plan my lowest payment option is $1933 per month.
My second mortgage balance is $94,000.00 with a adjustable payment currently at $786.00 per month.
The appraised value of my home has dropped from $845,000 to $730,000 in one year. What can I do?
How does mortgage fraud affects the subprime mortgage crisis?
September 14th, 2008
IƱigo asked: In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.