Reverse Mortgage

Doreen F asked: in order to avoid a foreclosure…Is this wise? or should I do a loan modification…what’s bestContent for WordPress

pyrousa@flash.net asked: I’ve been asked to co-sign on a mortgage for someone else in my family, but I’ve never owned property and don’t want to lose any first time buyer premiums when I decide to purchase my own real estate. Is this something I should consider?Content – Members-Only Content for WordPress

fyrechick asked: I checked on public records and the house in is their name only, why is it on there?Content

Quinn M asked: I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total [...]

Smoothcat asked: Wondering how much my mortgage broker will make off of me. I’m getting a $250,000 loan on a $500,000 house w/ $300,000 in equity. Thanks.Create a video blog

davidmichigan24 asked: Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with anticipation that there home would double in 3 -5 years (Phoenix, Las Vegas are two examples)Create a video blog

Myra asked: Kim and Karl purchased a home for $135,000. They made a down payment of $20,000 and took out a mortgage on the balance with an annual interest rate of 8% compounded monthly for 30 years. After 5 years they had the opportunity to refinance with an annual interest rate of 6.5% compounded monthly [...]

Mom asked: What kinda of recourse do the lenders have? Is it different between the first and second mortgage? If the second also went into foreclosure, and the bank took the house, can the lender of the second mortgage still come after repayment through lawsuit or wage garnishment, etc? The house resold for less than [...]

lkf88 asked: I am trying to get a mortgage, need approx $200,000, want to get a modular on a full foundation, on our property. My problem is my husband was injured 5 years ago and can not work, since his injury money had been tight, and in order to get by i have racked up [...]

happygolucky asked: I have a first and second mortgage on my home. The first mortgage is in forclosure. What is the obligation of the second lender. Is he obligated to pay his portion of the second mortgage and then forclose and then recoop his money? Or does the home just go into forclosre and then [...]