Reverse Mortgage

Mom of 2 great boys asked: I’ve asked this question before about campers, trailers, permanent sites at a camping ground in South Carolina. I am doing alot of research here and many of my feedbacks have been negative about any bank or financial institute even considering a 2nd mortgage or loan to purchase one of [...]

Eric D asked: 1st mortgage amount is $322,000 and 2nd mortgage $80,000. The same house is selling for $20,000 less than the total amount. Would the 2nd foreclose or just write off as a loss?Create a video blog

Pete asked: I have a first mortgage of 149,000$ Adjustable at 9% I have a 2nd mortgage of 20,000$ fixed at 9% The latest appraisal info on my house is an estimated 165,000. What are my options? My first mortgage is currently 7.5% but it goes up to 9% in 1 month.. No one is [...]

chitownlifer asked: Want to refinance 1st mortgage which is currently at 6.65 % and 2nd mortgage is at 8.88%.Create a video blog…instantly.

CO4closure asked: I had a property go to foreclosure in Colorado with 1st and 2nd mortgages. The 2nd is now trying to settle and has been calling and mailing me for the past 8 months. Can they collect? Should I settle or should I just pay an attorney to make them go away. They are [...]

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. [...]

jpweightlifter81 asked: i asked a similar question earlier but looking to find out what happens with my second equity mortgage with a forclosure? we plan on telling our primary mortgage company that we cant afford it anymore and we are either gonna sell our home or do a short sale. but what happens with the [...]

Chris I asked: I have read that a lender must automatically remove PMI once your LTV is 78% of the original amount financed. I have a single loan, and I bought the property well below market value. Since my loan is not 2 years old the lender will not remove PMI with a simple apprasial. [...]

Alex C asked: My 2nd mortgage can be payoff in 8 years.Create a video blog…instantly.

No Equity asked: I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is about $40,000 short of what I owe [...]