Archive for November, 2008

What is the easiest way consolidate debt and finance a home?

derrick d asked: My credit score is not that good but I have a good paying job had to send family tons of money I live in a home now i rent with the buy option is there any company that will pay off my debts and finance my home that i have [...]


Can a mortgage company file a 1099 when you are in default without a summary jugement?

mexlin asked: We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.


How can I check to see if my mortgage interest was properly deducted on my return last year?

empire asked: Last year I moved and I’m paying an interest only mortgage. It was my understanding that I would receive more money on my return. I actually ended up receiving less than previous years. This year I did a preview with Turbotax and it shows that I’m getting back a substantial amount more. How [...]


Best way to finance home improvements?

qweezyq asked: Bought my house about 7 months ago on a 100% financed mortgage with an unbelievably low interest rate, so I want to avoid refinancing. I don’t think i can do a home equity loan because I have little to no equity since i did the 100% finance. Any ideas? I need about 10000 [...]


What is the best mortgage loan company?

C.C asked: my parents are looking for a loan mortgage company.
also, is it possible for different loan companies to give the same person different pre approvals? like for different amounts of money?


What happens to a real mortgage when a debtor files for bankruptcy?

JV asked: I’m a creditor whose debt is secured by a real mortgage. I’ve received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from foreclosing the mortgage? [...]


How on earth am i going to pay my home loan?

enoughiseenough89 asked: im 18 and my parents have a home loan they bought before the boom and now houses are so damn expensive, how on earth am i going to pay for my home loan, im so pissed off cause how on earth am i going to have a life when im older. Im going [...]


Trying to qualify for a home loan. Will adding my name to my parents savings account help?

michaeldorian asked: I’ve been doing alot of research in terms of qualifying for a home loan and can’t seem to find an answer to this. Many home loans require you to show a bank account statement of atleast 3 months of savings. I unfortunately don’t have that but the monthly mortage is not an issue. [...]


mortgage?

bjm_116 asked: if i buy a home of $350,000 detached / semidetached and 10,000 down payment then how much mortgage will i have to pay every month????
thanks for the answers
well if not 10,000 then wat abt 20 or 25 ?


What does underwriting mean for the mortgage loan?

Bill T asked: My mortgage loan has been approved, but I have to wait for an underwriting at this point. Can you explain what does it mean?