Reverse Mortgage

neffykitty asked: We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI. If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same as the one on the TIL the lender provided. [...]

Dawn P asked: looking to refinance my mortgage I am currently in a chapter 13 bankruptcy have been paying my mortgage and the trustee on time

punkinbutt’smama asked: Rather than get nothing if we file bankruptcy, would a 2nd mortgage company agree to walk away with only a few thousand dollars in a short sale? We anticipate being able to sell for $120,00, but minus realtor fees there would be $113,200 left, and the first mortgage company oluld get $107,000 leaving [...]

Jon H asked: I have created a simple mortgage calculator which will work out the mortgage payments for a specific loan to value (5%, 10%, 15% down etc) and it will add mortgage insurance and calculate the income required. How do i add a formula which will work out the mortgage insurance for any down [...]

i ? my weenie dog!!! asked: I want to know everything there is to buying and owning a home before I even consider purchasing one, but is there anything wrong with a 19-20 year old wanting to buy instead of rent? I just don’t see the point in wasting the money on rent when I [...]

kandil311 asked: I have heard that the government is thinking about passing a new, lower, first time rate for first time home buyers in 2009. Has anyone else heard anything about this or is it just a rumor.Create a video blog…instantly.

Johnny Blaze asked: I say he could replace Robert Wagner as the spokesman for reverse mortgages, he could endorse one of those bath tubs for old people that have the easy-access door, he could endorse New Balance shoes (only the ones with the velcro though.), and maybe he could replace the Mercury girl and be [...]

Mom2Boyzz asked: In Dec/06 we started looking for a mortgage. Unfortunately our credit scores were too rough to be approved (Me 498, hubby 487). Since then, I have acquired a copy of my credit report and know that a lot of inquiries will be falling off at the end of June. Most of the problems [...]

ok! asked: My husband and I found a house we really like. It is bank owned by Countrywide. We must get pre qualified before submitting an offer does anyone know how to go about this and what is required? Our realtor isn’t really helpful. Also, once we get pre qualified can we then get a [...]

Friendlygallookingforanswers asked: of up to $67,000. I found a property up for auction. If I bid $30,000 for it do you see any problems with getting a mortgage since I have been pre approved for more money? The house has passed an inspection and will easily appraise for more. I am just asking because the [...]