Reverse Mortgage

Jentleman asked: I have a friend who is buying a house. He is trying to get the best rate. There are mortgage brokers that are offering a rate that is 0.125% better than the banks. Right now, that is around 6.25% for a 30 year loan at 80% financing. Are mortgage brokers the best deal? [...]

childtax asked: I am a first time home buyer. I am seeing lot of adv of mortgage lenders in bakerate.com. How do I know those companys are good in terms of rate, fee and service? Is there any review sites? Is there any advantage in getting mortgage loan through reputed banks like wells fargo, chase [...]

Eric L asked: I am a loan officer in California looking for a bank to send a second mortgage too. I am having trouble finding a home for a second mortgage. Here is the scenario: 750 FICO 70% LTV Stated Income Please help me find a home for this loan… THANKS!Website content

Yahoo! Answers Law Enforcement asked: Wouldn’t those companies make more money if they allowed everyone to keep their house and just lower their payment to something more affordable? Not only would they still be getting some money it would help the mortgage crisis. Correct me if i’m wrong.Content

PS asked: Everyone with common sense knows that the reason for so many bad loans being granted in the first place was that banks were forced by the government to give proportional loans to all people, including minorities or risk being fined and even imprisoned. The result is that banks went over-board , paranoid about [...]

Hiroshima, Get Over it asked: Many 401k funds offer GICs (guaranteed investment contracts). Are these likely to be at risk or affected because of the current problems banks are having with sub-prime mortgages?Content

Blockhead asked: The big problem seems to be people defaulting on their mortgage loans, which leads to foreclosure and losses for the banks. What if the banks offered to take 20% of the mortgage amount and put it in a non-interest accruring loan account, base mortgage payments on the 80% balance at high interest rate, [...]

crisislooming asked: If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the HELOC much longer. I do not [...]

the paper xpression asked: It seems as though everyone is blaming the banks etc ( not that they dont have some part to play in it). But I think the overspending-on -luxuries culture in Britain is getting out of hand. Where everyone as a result blames others but themselves for Britains poor finance rate. Whats [...]

thomas p asked: I HAVE A LOW 500′S CREDIT SCORE, WE HAVE BEEN A STRUGGLING FAMILY FOR YEARS NOW, WE HAVE 7 KIDS AT HOME, 4 ARE FROM PREVIOUS MARRIAGES.WE ARE IN THE NEED OF OWNING OUR OWN HOME, IVE RECENTLY GOT A PROMOTION AT WORK THAT ALMOST DOUBLED MY INCOME.BETWEEN THE BOTH OF US [...]