Reverse Mortgage

deserae007 asked: I am going to work as a loan originator for a small company but I am having trouble finding potential borrowers. I thought leads would get me off to a good start until I make better contacts. I am young and unexperienced and this is my first loan/mortgage related job, so I need [...]

stephanie s asked: I borrowed money from my 401k awhile back to pay off some debt.My mortgage lender asked to see a copy of my 401k statement. It shows where I borrowed the money.Can this hurt me in any way. Credit and income are great. But, I borrowed from my 401k awhile back to pay [...]

momkat asked: I will be without a job in 30 days. I will be 65 in May, but can’t collect full Soc. sec. until 65 and 10 months. I’m thinking about a reverse mortgage and would like a couple questions answered if you have done this or are a broker. I know the house is [...]

Glen B asked: With 65,000 and still counting, how many more will lose their jobs to the mortgage crisis? 2 of the 13 largest lending companies have already filed for bankruptcy. Who should be held accountable? Should it be the mortgage companies fault or should the accountability lie with the customer? Macaroni; a job is [...]

Nader G asked: If you own a house assessed at about 400k, how much down payment would you need to put on a house costing in the 800k-900k, and how much will be a typical monthly mortgage. Also, do you need a solid job to get a mortgage on your second house if you own [...]

christina32181 asked: I have bad credit and have a prospective employer that is looking to hire me. They provide their employees with a company credit card with our names on it, we are responsible for making payments but return our reciepts to them so they pay us back, however I am afraid if they do [...]

Melanie Lynn B asked: We are behind, due to my lay off. It is not my fault, and they will not work with us. Who can I call? Thanks in advance for help! I had a great job, and I am not a scumbag. My husband is dying with pancreatic cancer, and all I wanted [...]

Moosehound asked: Hi, I am looking at renting out my property for a year or two whilst things settle and renting a new property whilst living away. I understand that you pay tax (at 40% as already have a job) on any amount that is deemed profit once you have allowed for mortgage, agents, upkeep [...]

peter p asked: if you were at your previous employer for 9 years. and had a six figure income last year. and have a 40% down payment. and are presently looking and will get another 6 figure job soon. and have a sparkling credit history with NO late payments. would there be any problems qualifying [...]

mlong9475 asked: It seems that the people that purchased their homes with Adjustable Rate Mortgages got into big trouble when their rates adjusted at a higher rate. Did they not see this coming since they did opt for a Adjustable Rate Mortgages vs a Fixed Rate Mortgage. Also do people with Fixed Rate Mortgages having [...]