Reverse Mortgage

SO N2 ME asked: You want your home to foreclose because this is a tough market to sell. Live in michigan. Would purchase a new property then let old mortgage foreclose. Never heard of ANYbody having ramifications except it going on your credit, but once in new property I have what I want.Create a video [...]

Ronaldo asked: 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?Content for WordPress

cj asked: Every thing I read about them makes me unsure about them. Do you know there web site? Or a toll free number? Something or anything about them?Content

Peggy Pirate asked: I’ve seen a tv show about a neighborhood that had financing with a fixed rate and then it changes to variable and they can’t afford their house payment. Almost everyone in the neighborhood had their house taken away. We plan on refinancing when our 3 years is up (2 years left). Was [...]

Nader G asked: If you own a house assessed at about 400k, how much down payment would you need to put on a house costing in the 800k-900k, and how much will be a typical monthly mortgage. Also, do you need a solid job to get a mortgage on your second house if you own [...]

porkscratchings asked: The problem is that I cannot afford a house on my salary but all my friends have bought one. Should I take a fradulent mortgage and buy a house? Will prices continue to rise and make me very rich?Content

ab asked: I owe about 142,000 on my house. I got a quote to refinance and the closing costs are nearly 6,000! This is comparable to what the closing costs were when I initially purchased my home. Should it be this much to refinance the mortgage? (There are no problems with our credit, just a [...]

buad0118 asked: I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I [...]

thought SO. asked: For example, in Calabasas, the salaries are in the 100K and the usualy income is $180,000 according to city-data, but if you go to CNN’s affordable house calculator the most expensive house you could get is $1,000,000 though most houses are at least $2,000,000 there. Why? Are a lot of people just [...]

dogcrazy asked: My original lender sold my mortgage and it has subsequently been sold twice more since the original time. None of the 3 lenders did an assignment of mortgage. I am now trying to refinance my house but there is no “chain of title” in the county records going between the lender that I [...]