Reverse Mortgage

Jocelyn W asked: We are currently building a home and won’t actually secure the financing until February or March of 2009. What is the likelihood mortgage rates will go down and by how much? We plan on locking in a rate, but don’t want wait too long before they start going up.Content

mary asked: MY DAUGHTER WILL BE GETTING A MORTGAGE IN HER OWN NAME MY NAME WILL BE ON THE DEED WITH HER CAN I PAY THE MTG. I KNOW I WON’T GET TAX REFIEF BUT I DON’T WANT TO CREATE A PROBLEM FOR MY DAUGHTERContent

howi_how asked: 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. [...]

Chel-C asked: Just trying to find out. Of course the first month that our moortgage payment is due, some crazy stuff happens to where we cant pay it until 3 weeks over due.. what happens? We will be less then 30 days late.. only about 12 days. Will that show on our credit?Content for WordPress

Ash asked: I’m hoping to buy a home in the near future. I have a very good job, but I am currently on contract. I have been here for close to a year and have another year still remaining on my contract, at which time I will hopefully be made perminant. I have $25,000 to [...]

Jewel asked: I have been making my 1st mortgage payment, my income is not the same. I could only afford to pay my 1st mortgage payment, can they foreclose if I don’t pay my 2nd mortgage? I have contacted the bank for my 2nd mortgage that I’m not able to pay and apparently they don’t [...]

Glen B asked: With 65,000 and still counting, how many more will lose their jobs to the mortgage crisis? 2 of the 13 largest lending companies have already filed for bankruptcy. Who should be held accountable? Should it be the mortgage companies fault or should the accountability lie with the customer? Macaroni; a job is [...]

ebony_vbac asked: and you’re not renting out your old home? i see people buying new houses all the time and i wonder how it works. do you pay two mortgages till you sell your first house? what hapens ifyou never sell your house? can the bank sell it for you and apply the money to [...]

Chris Y asked: I have very little income coming in but i own two houses out right without any mortgages. Poor credit aswell. The house i want to get a mortgage on ( lower value house so smaller payment ) is a rental property and i’d use part of the rent to pay the mortgage [...]

claranash1552 asked: I have a doublewide mobile home and I need a reverse mortgage on it. They say it is not HUD approved. How do I make it HUD approved?Create a video blog