Archive for October, 2008

What does debt relief companies do for you? »

justapiece44 asked: How do they proper? Is what they do legal and does it really stop collection calls? What if a person is already in a payment program where they have access to your checking account and you turn your debts over to a debt relief company? What is the procedures. Is using a debt [...]

What has caused the real mortgage problem? The OCC says there are nearly 35 million loans? »

Naturescent asked: Office of the Comptroller of the Currency September 12, 2008 The OCC and OTS Mortgage Metrics Report found that actions by national banks and thrifts to prevent home mortgage foreclosures increased faster than their new foreclosures during the second quarter of 2008, despite an overall decline in mortgage credit quality and an increase [...]

What type of advertising is permitted for first mortgages vs second mortgages? »

scott h asked: What is permitted and what is not permitted for advertising first and second mortgages? Is there a diffreence? According to RESPA, what type of advertising is permitted for first and second mortgages? Is there a difference?Content – Members-Only Content for WordPress

Is there such thing as a 30 yr fixed rate mortgage that let’s you increase/decrease your payments if needed? »

smfisher81 asked: It’s comical to see people make uneducated responses. For those of you who knew what you were talking about thank you. FIXED rate giggles.Create a video blog

Can the interest/payment on a home equity loan be deducted as home office expense, the same a home mortgage ? »

chicki3030 asked: I have been asked to set a home office for my employer’s benefit. I will work from home on daily basis. I know I can deduct a portion of my mortgage payment and utlilties from my taxes, but can I deducted my home equity loan payments? Should I consolidate both loans to get [...]

Why are more Americans failing to keep up with their home mortgage payments? »

jes asked: Can anyone explain in simple tearms what is happening? I am in the process of buying a home, and all this news is quite worrisome.Content

How are debt purchasers different from debt collectors? »

STARS asked: And also do they have the same rights as far as a debt collector trying to get debt vs a debt purchaser???Content

On a Home Mortgage, What is the difference between Pre-Qualification and Pre-Approval? »

briboy1684 asked: I am a first time buyer looking to get a mortgage. Is one better than the other or are they both part of the process? When do you actually have to pay an application fee?Content – Members-Only Content for WordPress

What is the best way to pay off a home loan if you don’t plan on living there long? »

fresh princess asked: Say you want to buy a $60,000 home, but you don’t plan on living there longer than 10 years. Would it be better to get a 30 year loan and have smaller payments, or a five or ten year loan so when you sell teh house it is completly paid off? Actually [...]

Does Dr. Phil still have a “Product Line”? Who else has one but seems like a unlikely spokesman? »

§??‹(•¿•)›?»-(¯`v´¯)-»\\ asked: Hulk Hogan said his wife turned down the grill for him before George Foreman said yes to the spokesman’s job. What about James Garner and other 70′s stars pitching Reverse Mortgage?Create a video blog…instantly.

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