nexus asked:


can i get a buy to let mortgage in the uk ? putting a 30 % deposit down if i am an overseas resident? I would like to buy in central london ? with the recession is it a wise move ?

R1980 asked:


Hi,
We currently own a mobile home on it’s own land. We’re interested in purchasing a house, but have bad credit. A family member is going to loan us 40,000 (we’ll pay them back when the mobile sells). The house we want is 90,000. We make about 25,000 a year. Will we be able to get financed?

jkstender asked:


Let me start out by saying that this question is purely out of curiosity, I am a renter and not in danger of losing a mortgage or anything. So I don’t need advice or spam offers. Anyways, if you do go into default on a mortgage do you lose all the equity that you have already paid into the property or; if when the lender sells the property the amount of the sale is in excess of the remaining amount owed, do you get that money back?

Mike asked:


Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan?

zherizz asked:


Besides the usual banks citi, BofA, wells fargo,etc. Any ideas what other companies offer a better rate? Most of these banks I’ve mentioned have points and I’ve noticed their rates are higher than some smaller companies. problem is I;m not sure what small companies to trust. We want to buy a home in the Bay Area (California) and need help to find a great mortgage company to deal with.

hello asked:


for example for a 400000 loan amount for 10 years for 5 percent interest rate .please help

TAVIO A asked:


I have a negative am loan which i was tricked into getting by my broker but thats another story, anyways my wife loves this home and i do not want to sell it but im afraid i wont be able to afford it if i were to refinance at the current rate, i have 2 more years before i can refinance without a penalty and i currently have about 90k in equity. What can i or should i do?? whats a great loan thats out there that can help me out until i can better stabilize myself economically, my wife is going to school and works part time so i cannot afford a higher payment now, she should finish school in about 1 1/2 years and might be better off financially then. What is a good loan that can help me out and have a low payment and not negatively amortisize??

William J asked:


UK opinions please

sam asked:


I’m first time home buyer. What is the best way to negotiate mortgage rate? Is it good to get more than one pre approval from banks? If I get more than one pre approval, how badly it affect my credit rating? (FYI, i’m in canada)
In addition to above question, is credit check uniquely maintain by all companies? I mean every bank check with different providers and get different score.

Lord F asked:


Please help me, I am trying to locate details of the best value mortgage lenders in NSW. Credit union? Bank? (probably not!)
Other? ANy websites that compare all lenders, any organisations that offer deals that don’t rip you off more interest than the actual amount loaned?
I am trying to achieve the best possible deal, but just don’t know where to start. And I feel walking into a bank and asking advice is a bit like walking into the lions den at this stage!
Please help me! ps I have a good deposit of around $25000