Reverse Mortgage

The Turk asked: I know of this house going real cheap but the roof is shot, really bad shape. The inside looks like something from those TV shows before they fix the house up. Can this house even be sold in this condition? Would it have to be repaired first?

asked: I have a 30 year mortgage with 28 more to go. I would like to avoid paying all that interest!

spkmyer asked: We are going to refinance our mortgage due to a variable rate issue in August. However, we are un-sure wether to go with a fixed rate or a 5 year ARM at a little over a .5 % less. We do not plan on starying in the house more then 3-5 years so [...]

maytag asked: I know the score is not good. However over the past year I have paid over 30,000 on past due debts and have very little of them left; just one college loan. My income far outceeds my remaining debt. There is a house that I can get for an unbelievable deal and I [...]

boferguson asked: We have lots of cash on hand and great credit. We don’t put a lot of value on customer service, or care if our loan is sold. We just want a great deal. Other than combing rates on Bankrate.com, is there a method out there to capitalize on our strong financial position?

Brian B asked: I’m shopping around for mortage rates, am doing zero money down and only plan to be in the house for less than 10 years. I see a lot of low rates come up online but want to deal with a proven, reputable bank.

Judy asked: I have heard a lot of real horror stories about mortgage loans that are out of state. I don’t want them to say they didn’t get payment in time or they never received it etc..etc.. Would it be best to pay though on line banking so there would at least be documentation? Any [...]

crazyone asked: I am thinking about doing debt consolidation, but am confused by all the different companies out there. I have heard that there are a lot of shady companies. Does anyone have some helpful advice. My debt is not a huge amount ($6000), but I am tired of paying and paying on them and [...]

kit asked: I have a lot of credit cards to pay and always make the minimum sometimes a little bit more then the minimum per month. But I don’t know the difference between good credit and bad credit. Does bad credit involve not paying your credit? what is the difference between these two terms?

Ed S asked: A relative in Ohio missed a few payments on her house and narrowly missed a forced foreclosure auction. I’d like to bail her out somewhat by taking over her mortgage from the existing mortgage company. She would then be making payments to me instead of them, and I’d be a LOT more [...]