Archive for September, 2008
Is it possible to take a home loan on a house abroad?
dane asked: I have an Australian wife, and she is looking forwards to moving to Australia one day, however, the home loan rate over there is usually above 7% which is much more than the relatively low 4,25% offered here.
Is it possible to pay off a house in Australia with a home loan from [...]
What was a bigger failure: deregulating energy companies, or deregulating the mortgage industry?
Steve asked: In the push to “get the government off our back” and “let the free market do its job,” Washington eliminated virtually all regulations on energy companies, and later did the same thing on mortgage providers (and more specifically, those who buy and sell mortgages).
Energy deregulation led to Enron and skyrocketing consumer prices.
Mortgage deregulation [...]
What day of the month is interest applied to a mortgage loan?
**k** asked: Is there a certain day that banks add interest to mortgage loans? I am currently have a mortgage loan with Chase Bank.
Is there a way to finance a home with poor credit?
Agnes E asked: I’d like to buy a home with a large property, but I do have poor credit. It would be my first home. How can I overcome my poor credit past and finance the home of my dreams?
do you have income with a reverse mortgage loan?
krayz asked: I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the [...]
If mortgage bonds are secured corporate bonds then how did the subprime bubble happen?
kmm asked: I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.
How to finance a new construction home?
builder asked: I need to know how to go about financing a home that i want to build I own a lot free and clear in city limits and have a home plan that i would like Now i need to start preparing my finance and i don’t know where to start Please help
What does it mean if your mortgage loan is in the closing department? Does that mean it’s approved?
VH asked: My mortgage broker told me that the loan is now in the closing department. What happens next?
How do I report a private mortgage loan to the credit bureaus?
Gary C asked: I funded a private mortgage loan for two individuals. Can I report this loan to the credit bureaus so it will be included in their credit score?
Is clearing the home loan a better option or should I go with the regular EMIs for the entire tenure ?
Itsme asked: I already have a home loan with ICICI on a floating interest rate. I’am looking for another loan.Should I clear this loan first to avail another loan or should I continue paying the EMIs for the entire tenure(This is a huge amount I will be paying by the end).
“Clearing a home loan” is [...]
