Reverse Mortgage

labellewg asked: I have about 350K left to pay off on my mortgage. The housing market being what it is the value of my home has dropped below the 350K I have left to pay off. I am looking into refinancing to a lower rate but was told that my “Loan to Value” amount was [...]

m.p. asked: that also had a second mortgage on it. The new lender had the second mortgage holder sign a document stating that they would remain in second position. So the second mortgage holder was waiving their right to move into first position. What document is this?Content for WordPress

zebrazebra1970 asked: If I had a mortgage broker, I could have him/her do it since many of them are able to arrange contacts with the credit bureaus to update my credit file. But I am not refinancing and firms that do Rapid Rescore appear to only work with mortgage brokers. I am trying to find [...]

Suomynona asked: What does it mean in this context? The housing boom spurred economic activity because consumers refinanced at lower interest rates, allowing them to spend their savings from the lower interest rate.Create a video blog

carinyosa99 asked: Our mortgage was sold to a really crappy company. We have thought of refinancing, but then we realized we have a really good rate for another 18 months (we have a 5 year ARM) and won’t be able to find anything as low as we have now. It’s completely unfair that we don’t [...]

ALA asked: We would like this to all be in one loan. Does anyone have experience doing this and do you usually have to buy the lot first and then refinance? If not, what kind of down payment is usually required to make this all happen? Thanks.Content

Manny asked: I understand loan officers charge certain amount of points to do the loan, and i know a buyer can purchase discount points. But why do they have those points and why do they sometimes charge points out the back? and how does their amount of points help the Loan officers profit or commission? [...]

keisha asked: The purchase price was $80,000Content for WordPress

Peter_33 asked: I’m looking for important tips as I’m about to refinance. I would like to know what should I pay attention to when choosing a financial institution.Content

z2008a asked: I want to refinance my 1st mortgage with the same lender, pay off 2nd mortgage from another lender, get cash out for to pay off other loans. Total amount to borrow is $330,000.00. How much should the lender charge to do this?Content