Reverse Mortgage

Experienced PC User And Gamer asked: I want to buy the house i currently live in off the landlord on a land contract. Now if the landlord gives me the land contract can i take that to the bank or loan officer could I use it to mortgage my house to pay the landlord off [...]

Cou G asked: I have been pre-approved by a local very large bank known for their mortgages of which I am a customer. I know the lender. Once my short sale is approved I will get my first rate & points from him. Then is it best to shop on the internet or go in [...]

Tim O asked: My credit history is a little sketchy with a few bad months of late credit card payments. I am afraid my potential having bad credit will keep myself and roommates from renting. If I have bad recent credit history but my 3 roommates have good credit, will I ruin our chances?

sutorx asked: I have already tried three different places to try to get the best rate possible, if i try any more will i ding my credit?

fincho asked: I own a flat which has approx £20,00 left on the mortgage. Can I take the equity out of this flat (approx £150,000) and put it towards a new flat?

L Train asked: What is the best way to judge the best refinance offer among different mortgage companies? In my opinion, it seems the companies make a lot of money because consumers are ignorant of what would be considered the best offer.

exfootballgraduate asked: current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000) can refi with another lender with same terms with 8.00% (approx 480,000) or can refi with original bank at 7.625% with one year of the original note being paid down already?

Missi B asked: Fixed rate balloon loan on a 557 month amortization schedule with a maturity date of 3/1/2036, remaining term of 317 months. ??? Remaining term is 317 months at 4.87%. $942.23 is the P & I. Yes, the 46 year part is where I got confused.

thinkingabroad asked: I own a house that is rented and the renters would like to buy it. My price is $165k, but the lender will only give them a $139k mortgage, because they have credit blemishes. I’d like to offer a $26k second mortgage to them. (Or maybe a bit higher to cover expenses related [...]

hellojamie2006 asked: I just want to refinance one of the loans for $62,000 which has a 14% intrest rate and is a negative amoritization ARM loan. My other loan is for $248,000 and is a negative amortization ARM with 7.5% ARM intrest.(yeah, I got lied to and really screwed over) I would like to refinance [...]