Reverse Mortgage

shon h asked: For example, we are buiding a home for $300,000. We need a loan for $200,000 and our land is worth about $30,000. Do we receive “credit” for a clear lien – making the loan amount actually $170,000?Content for WordPress

Dwayne S asked: They made a mistake and I’m paying for it! I’ve paid my escrow on time every year, but they made a mistake by incorrectly listing my home/lot in 2003 and my condo was sold for “not paying my property taxes”. They admitted to the mistake, but still went ahead and are forcing [...]

RunsWithKnife asked: I owe about $12,000 in credit card debt and I wanted to make that my year’s goal to pay it off, but a lot of the websites I find require that you own a home, or charge a huge interest for someone to “negotiate” with your creditors to bring down interest. Does anyone [...]

surferdude asked: I have read a lot about the problems with subprime mortgages recently. Many financial analysts say that subprime mortgages are still a relatively small amount of all mortgages while others say the problem is spreading into prime mortgages as well. I am just curious what percentage of people get a mortgage (all kinds [...]

Mom2Boyzz asked: In Dec/06 we started looking for a mortgage. Unfortunately our credit scores were too rough to be approved (Me 498, hubby 487). Since then, I have acquired a copy of my credit report and know that a lot of inquiries will be falling off at the end of June. Most of the problems [...]

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?Content

Tired Momma asked: A friend has found herslef in a lot of debt and just went bankrupt two years ago. What happens when she can no longer pay her bills? Could she go to jail? Thank you!Create a video blog

Slick asked: I would be getting a small draw against commission, 2k a month. The company says they do mostly subprime loans, so there are always sales to be made, regardless of whether the real estate market is hot or not. Does every mortgage company say this? I need to make over 100k per year. [...]

MINI ROW. asked: I’ve been hearing a lot about the “benefits” of interest only mortgages, but I’m not 100% convinced that this is the way to go. They say that people should get interest only loans and put the remainder of what you would normally pay (on the mortgage) in some type of investment. Should [...]

*MacDaddy* asked: I get a lot of offers in the mail since I looked into it.Website content