Reverse Mortgage

letty po asked: I’m a bachelor with 2 kids, i have been divorced for about 4 years now. my income is below 30000 annually. Will they approve a home loan mortgage for a bachelor like me?Content

dianenjeff asked: I am currently renting to own with a contract. We pay the seller every month. The only problem is that since we do have an actualy mortgage and he does not report to the credit bureaus our payments are not effecting our credit. We are trying to build up our credit. The deed [...]

abeth_119 asked: My fiance and I are looking at buying our first home. I made mistakes when i was younger with my credit and now have bad credit. I have worked out payment plans with my credit card companies and am working to repair my credit; however my fiance and I want to buy a [...]

sassy sista asked: I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I [...]

Woody asked: has anybody here lost a house to forclosure or “short sale” and had borrowed money on the house? If you did, what happens to the second loans?Content – Members-Only Content for WordPress

Mom2Boyzz asked: My husband and I are looking for a mortgage. This is our problem… We were renting a very expensive farm house, and stupidly decided to help 2 family members out, and let them live with us. We ended up supporting them completely for over a year. Ultimately, this took us into financial despair. [...]

Magaroni asked: We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I’m not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500, and my auto is 1.9% and I owe about $6500. I thought about [...]

KnottedBrain asked: How much income must I make to own/mortgage a $400,000 home? (I’ll be lucky to even find one that cheap in New York City, unfortunately.) $140,000? Are you sure? $400,000 is considered cheap in New York City. The average home price here is $500,000 and up, and I don’t think everyone makes over [...]

tb042203 asked: If I rent out my current home and buy a new home, and then later sell my old home and apply the capital gains to my new mortgage, will I need top pay capital gains tax on the sale of the old home? I know I don’t have to pay captial gains tax [...]

Ross W asked: I want a respectable,honest bank that is backed by HECMContent