Reverse Mortgage

Geazy asked: I’m being told by my morgage broker that yes it is. Since i’m legally obligated to pay that money back that I can deduct it. I have over 15k in deferred interest and make a huge difference in my return. Anyone know about this or has anyone deducted this on there returns.

babygrldog asked: Is the higher rate of interest charged by the lender the only reason for them to do a second mortgage?Why would the lenders lend more money than the property is appraised for?

Jessica G asked: i have money saved up but if i use it towards my emergency id be dry, i have really really bad credit, is there any place THATS NOT A PAYDAY LOAN where i can borrow at least $400 and pay it off monthly.

tiffany w asked: has anyone received a bad credit loan on the internet? If you have what did you have to do and how long did it take for you to get the money in your account?

mark d asked: Can you get a loan with a 500-520 score and no money down? In Chicago il, im makin like 40k a year 8-10,000 in bad debt on my credit report.

Chris B asked: I’m trying to get a dumbed down definition of amortization in the context of a companies EBITDA data. My understanding is that amortization is basically money taken for the repayment of loans and interest. Is that correct?

rebecca2008 asked: I wouldn’t mind to live in an old and not so beautiful cheap house for a few years in order to save money. And then, buy a nice house. What do you think is better? Buy a nice house with a mortgage or buy cash an old house, wait a few year, and [...]

mimi31211 asked: The money was used to pay off credit cards. I am still paying on the home equity loan. If I do a home office deduction, which I qualify for in every way, can I use the home equity loan interest as a deductible expense?

jewel asked: I do my own taxes every year, but this year I have a question. I refinanced my mortgage in the spring. Had a significant amount of equity and decided to “cash out” some of my equity to help pay off some outstanding debts (car, student loan, credit card balance) and kept some to [...]

blushie66 asked: I owned my home and a fraudulant mortgage company screwed us but my lawyer helped us to keep it by finding an investor to buy the house BUT now we rent it. And the contract is up it is going on the market. So I need a mortgage company to buy with no [...]