Archive for August, 2008

Can a person in Texas get a Reverse Mortgage with a pending divorce,age 701/2? »

jajannise@verizon.net asked: The value of the home is approx. $100,000 and paid for—new 30 year roof and new paint on the house-most of the inside has been redone-and 50% ceramic tile-some hard wood and some carpet on the floorsContent

Anyone reccomend ways to build mortgage leads? »

matchew318 asked: Most website I can find ask that you fund then with hundreds of dollars upfront. From what I’ve read about them they sell them 1-2 days after they get them because they sell them to other companies first and when you buy them the people are usually already in the process of another [...]

I have a home that is mortgage free. Considering renting it out. Can I mortgage to myself to loose money? »

K K asked: IRS says you can loose up 25K per a year on rental properties. I am looking to create a mortgage to myself, so I have the tax right off from the rental income. Thoughts?Content

How on earth am i going to pay my home loan? »

enoughiseenough89 asked: im 18 and my parents have a home loan they bought before the boom and now houses are so damn expensive, how on earth am i going to pay for my home loan, im so pissed off cause how on earth am i going to have a life when im older. Im going [...]

How many monthly payments do you have to miss before the mortgage lender attempts to Foreclose on a home? »

mrmikl asked: The answer that was given was either misleading, uninformed or confused. The Mortgage Industury, which supports flipping of houses, has changed the law on the Federal level where they can take your home with one missed payment. I do not who this ‘expert’ is. I lived through it with National City Bank. I [...]

How do I pay off my exsisting mortgage when I sell my own home? »

ppnj4 asked: I have already listed my home with a realtor so please NO responses indicating I should. We are now going to try to sell our home ourselves. I have already looked at FSBO.com as well as a few other sites. The legal aspect seems confusing so I think we will hire a real [...]

when does mortgage refinance make sense? »

Xiaobei asked: Hello all, i ‘d like to know how to best use mortgage refinance, and usually for what reasons people refinance. Also does refinance ultimately cost more? I don’t need to lower my monthly payment, so I don’t have any clear purpose in mind. It is just that I have heard a lot of [...]

We’re out of debt and now owe a 140,000 home mortgage-on 30yr note. I’ve heard biweekly or bimonthly? »

kimtex2007 asked: payments will speed it up. Any thoughts on this? Should I just send in extra payments and they will apply it? Thanks for your helpContent

can a mortgage loan amount be more than the actual purchase price of the house? »

Cup asked: wondering if you can use the excess money to pay off other debts, kind of like a reverse re-finance.Create a video blog

Which is better bank or mortgage broker? »

Crystal W asked: My hubby and I are planning to meet with our bank we do our everyday banking with, regarding a mortgage. I have heard that using a mortgage broker is better. What is your opinion?Content

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