Reverse Mortgage

Claudio F asked: I know that points reduce the interest rate and they can be deducted during the life of the mortgage, but does it really make sense financially to buy mortgage points or do they cost more than the benefit they offer?Create a video blog…instantly.

4 Monkees asked: Assuming a 30 year fixed mortgage after living in the home for 3 to 5 years.Content

Betty H. asked: Would someone explain to me in plain English (think “Mortgages for Dummies” here) what is included in APR? I know what APR stands for and everything. What I’m interested in is what is included in the APR that brings my rate from something like 6.5 up to 6.7? That seems like a [...]

askhung asked: Can an American obtain a mortgage loan from Japan where the mortgage rates are much lower?Content

rpost52 asked: I have a friend who got into some trouble paying his mortgage when his wife went on unpaid maternity leave. They got behind on their mortgage and ended up going into foreclosure on their house. They were able to scrape up the money they needed to pay it off, but they are still [...]

Mike asked: I am a Mortgage Broker looking for some good ideas for advertising. What is the funiest or best mortgage ad anyone has seen? Any loan officers out there with any creative new ideas?Create a video blog…instantly.

aks asked: Hi, I am not citizen of usa and i work in usa. I have home mortagage in my country of citizenship, can I claim mortgage interest as deductible in filing return? If yes how will be currency conversion wil be applied to claim?Content

Mr. Vincent Van Jessup asked: My loan is fixed rate, my monthly payment is fairly low, and I put down a large downpayment. But it was my first home, and I find myself wondering if I had a “bad risk” loan or a normal home loan, after hearing constant talk about “the subprime lending debacle”. [...]

shawn b asked: I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?Content

Noel2626 asked: he purchases a new car, does this affect me or mortgage in any way if he used his credit and his name? reason I am asking is because I went to refi my car and for some reason the loan officer noticed a new car purchased and was wondering if this had an [...]