BestInMortgage.com Post Your Mortgage Question Find mortgage expert in your area
You are not logged in. Login here. Not a user? Sign Up
Email: Password:
 
Search by Mortgage Terms: Ask My Question


Search: "Loan"

Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 20 
 
 > 
 
 
 

Asked 11/18/2007 06:36 pm CT (LITHONIA, GA)

MY CREDIT SCORES ARE 595, 547, AND 554. I FILED FOR CHAPTER 7 IN JAN OF 07. I HAVE A DEFAULT STUDENT LOAN (CURRENTLY PAYING A YEAR AND A HALF WITH A GARNISHMENT OF $450 A MONTH)AND $850 ( I DON\\\'T KNOW IF PAYING IT WILL HELP AT THIS POINT) WORTH OF STATE TAXES SINCE 1998. I MAKE ABOUT 47,000 A YEAR. CAN I GET A MORTGAGE LOAN.(FIXED RATE WITH LOW INTEREST NO MONEY DOWN)

Keywords:
    

 
 

Asked 11/15/2007 11:01 pm CT (scottsdale, AZ)

I have two houses, the first house that I live in has much higher value than my second home. Now I cannot afford the payment for my first home anymore, and I may go for forclosure. Also, I have two loans on my first home, and I just refinanced the second loan and took out the heyloc on my first home to pay for debts that I owed before. Will there be a lien on my second home, if I forclose my first home?

Keywords:
                            

The easy answer is no, but there is a lot more that goes into this. Please give me a call at 480-229...

[ Total Answers: 1 ]

 
 

Asked 11/15/2007 05:02 am CT (beaumont, TX)

i am a first time home buyer and i am about to close but i was wondering if i could take a personal loan with a bank to help pay the closing costs will this affect me when i close (less than a month)

Keywords:
                  

Do not take out a loan or advance from a credit card money to pay for closing. Any new debt must be...

[ Total Answers: 1 ]

 
 

Asked 11/14/2007 11:16 am CT (Salt Lake City, UT)

We are getting ready to close on our mortgage loan and were asked to complete a 4506 T form. How many years back do they typically request? In 2004 and 2005 I owed on my taxes. The debt has been paid, can this still effect our loan?

Keywords:
              

Depending on what type of loan program you are getting will depend on if or when the lender will exe...

[ Total Answers: 1 ]

 
 

Asked 11/14/2007 11:14 am CT (Shreveport, LA)

My wife & I paid cash for a mobile home last year and moved ot onto my mother-in-laws property.My mother-in-law is an elderly lady with limited income. This year we began making the payments on the property for her. Now she wants to transfer the title into our name & we continue to make payments.My credit is mid 500's & we also owe the IRS about $40,000. There is only 20,000 remaining on the account but the bank will not lend us money on the home until we have shown payments in our name for 18 months. We really need the loan to make improvements & pay off other debts. Is there anything we can do? Thanks.

Keywords:
                    

 
 

Asked 11/13/2007 09:36 pm CT (san pablo, CA)

ive just recieved this mailer by a company called apf/ov.They are offering some kind of program called a NAPF program what is it??? ive been searching online for a web site or other info but they had neither a site or info on the program.We are in a BIG problem right now with our mortgage the 5yr fix prematurally ending after 2and a half years of paying and we are paying more than quadrupale the amount we were before and no one will help use!!!.They only gave us 3 options pay,forclose,or sell..Those options are hard we have a big family of 13 and mostly all of them are children and we owe more on the house than what it is worth!!..The peron who signed the loan for us didnt tell us about this happening or anything else she just wanted her money and didnt care if she screwed peoples lives up...we were uneducated because this is our first house CAN SOMEONE PLEASE HELP US OUT!!!

Keywords:
                            

Hi Chris: Sorry you got involved with a lender that did not explain te loan program you bought. If ...

[ Total Answers: 1 ]

 
 

Asked 11/12/2007 07:42 pm CT (Sulphur, LA)

My Husband And I signed over the deed to our home July 16th 2007 because the Mortgage had become too much for us to keep up with. We were behind on a few payments and were trying to sell our house by owner and even with the help of a real estate agent. .After a few months of trying we decided to contact an investor who said if we signed an assumption of deed over to him, he would make the payments until he could find someone to purchase it. Well, he did find someone to do an owner finance for at a year..they paid him a generous down payment and then monthly payments as well. Since we were behind the investor had to work out a repayment plan with our lender. this was spread out over a years time,and is still reporting late on our credit...further damaging it and we are still responsible for the note even though we signed over the deed. I talked with him about selling the property now so we could be off the loan, but the agreement he signed with the people now living in our house says they must wait a year to obtain financing. The reason for this is we have equity in our home and will have even more when the pre-payment penalty drops off next year. he is stands to make at least$30,000 off our home and we walked away with nothing. He has not made one payment on time in the last few months and the Mortgage company keeps calling us. I called the people living in the home and discussed the arrangement they have w/the investor. He has mislead them in many ways and us! they were not aware that we were still on the loan! Now I am wondering what my legal rights are in reassuming my home or even working out something with the new tenants to sell outright to them at a lesser amount. Do we have any rights? Our credit is not in great shape because of late payments, A discharged Ch.7, medical bills( all three of our children had tonsils out), I have not worked for the past few years, etc. BUT I am now working again and our Monthly net income together is $5800. Could someone please help us to repair our damaged credit and possibly gain control of our home again so we can make a profit from it and further improve our credit. Jen

Keywords:
                                                                  

 
 

Asked 11/10/2007 12:22 pm CT (rialto, CA)

We just bought our home last Dec 2006.We have a 288 loan and a 80/20.We went in with a $30,000 equity loan.Now because of not being able to get parts back East,because of the weather condidions,we were forced top be laid off for 3 months.we got behind for three months on the first loan.Can we refinance and get our loan into one mortgage and get extra money to pay city taxes. The mortgage is a fixed loan and the first is 6.665 interest.We have tried but the lenders say no.We are senior citizens,but have a good income.What are our options?

Keywords:
                                  

 
 

Asked 11/10/2007 12:12 pm CT (Fenton, MI)

My aunt has named me executor of her will when she passes. She has a mortgage that is more than the worth of the home. When she is gone, and I (or the bank in the case of a foreclosure) sell the house to pay the debt, am I responsible for the balance of the loan due? I am not listed on title, nor will I inherit anything. For her estate's purposes, and potential heirs, is it better for me to have the bank foreclose and write off the remainder?

Keywords:
                

 
 

Asked 11/07/2007 06:03 pm CT (Columbia, SC)

I have purchase home and the loan is in my name. But my husband is on the deed and title...Well I just received paper that my house have a lien on it because of my husband back taxes..I also want to refinance. Can I remove him from my deed and title to get the lien of my home.

Keywords:
                  

Sonji, You need to check with an attorney to get proper legal advice. You mention you want to re...

[ Total Answers: 1 ]

 
 

Asked 11/06/2007 07:44 pm CT (clovis, NM)

my loan is at 47,000.00 if i pay 1000.00 per month for 47 months will it pay off the mortgage

Keywords:
      

Yes, as long as your interest rate is 0%.

[ Total Answers: 1 ]

 
 

Asked 11/06/2007 03:21 pm CT (Bath, PA)

My husband and I are in a ARM and our rate has gone up to 10.5 and our mortgage payment has gone up $350. It is getting very hard to keep making our payments and we would like to refinance into a fixed loan. The problem is that we are in a chapter 13 bankruptcy for 3yrs. We are almost done with it we only have 4 more payments then we need to wait for the discharge paper. From what I hear it can take up to 6 months to get that. So that means we have another 10 months till we get the discharge paper. Is ther anyway to refinance now without a bankruptcy buyout>?

Keywords:
                            

Call me. I am 20 mins away from you. I would like to see if we can help. 484-358-2378 or email a...

[ Total Answers: 1 ]

 
 

Asked 11/03/2007 09:00 pm CT (LONG BEACH, CA)

we are 3mo behinded on are morgage i call and talk with the lender and they tell me we can not get into a progam. that we have the money. last year we got a new home but before the loan close there was a fire. and we were going to rent the house we live in, down escrow said that we could close the loan and the inc.com would pay to fix the house but paid the old own of the new house she took the money and left. we had two mortgage payment now and had to sell the house that had the fire that took 9mos to sell had 150,000 damage. we had to do a short sell and losse 198,000 and down behind on the house we live in we need help we are faceing foreclosure i have worked over l year now to get a loan but because of that house with the fire 2007 was hell for our family. we need help.

Keywords:
                      

I don't quite understand. Not sure why you bought the house that caught on fire. Was there no insu...

[ Total Answers: 1 ]

 
 

Asked 11/03/2007 12:46 pm CT (Madison, WI)

I am purchasing a condo for $290,000 and financing the entire amount. If I want to pay the PMI up front, do I need to have more than one loan?

Keywords:
            

Wouldn't think so.

[ Total Answers: 2 ]

 
 

Asked 11/02/2007 02:10 pm CT (Ontario, CA)

Must you be behind a few months on your mortgage before the bank (WAMU) will consider a modification? I was denied in August because my loan is not behind. However, I will be behind in the near future.

Keywords:
        

Now that's not a very positive attitude. Chin up and hunker down. You can do it! ...

[ Total Answers: 2 ]

 
 

Asked 10/31/2007 05:25 pm CT (evans, NY)

I am going through a mortgage broker. My total cost of the loan in 173,000. I am financing 155,700. There is no loan origination fee but there is a 3 % yeild spread premium at 6.375 interest rate. I was offered a rate of 6.0 for 1.5 points. Is a YSP of 3 % excessive and is it better to buy the points?

Keywords:
                

Sounds a little high to me but there could be other factors. But if you can get 6% without increasi...

[ Total Answers: 2 ]

 
 

Asked 10/31/2007 12:41 pm CT (Toronto, Ontario)

My husband and I are considering a $200,000, 25-year mortgage, 5-year term mortgage at a rate of 7.5%. Considering fixed-rate mortgage rates compounding semi-annually, what will our loan balance be after the first 5 years? Also we hope to make a $10,000 payment directly against the mortgage balance at the time of renewal, 5 years from now. How much can we reduce our mortgage payment, assuming we renewed the mortgage at the same rate and for the same remaining term of 20 years? How much money can we save overall? Thanks!

Keywords:
                      

Hi Renee Most of teh brokers on here are from the USA and they have different mortgage calculations...

[ Total Answers: 2 ]

 
 

Asked 10/31/2007 12:05 pm CT (bladenboro, NC)

My parents are trying to refinance their home. They have run into a problem. Apparently they had originally financed their home with FHA. FHA sold out this loan to another company and this loan has changed hands to about 5 company\\\'s. My parents then got an equity loan with the local credit union to pay the mortgage off. However, now the lein from FHA is still on their Deed and no one will assist them with getting it removed. FHA has been quite rude about the situation as well as the other company\\\'s they have contacted. I asume all they need is a Satifaction statement from \\\"someone\\\" but who and can we require them to do it?

Keywords:
                        

THe local Credit Union who paid the FHA loan off should have it. If your parents paid it off with th...

[ Total Answers: 2 ]

 
 

Asked 10/30/2007 11:02 pm CT (Rockwall, TX)

We purchased a home from a major bank 11/05. The bank (I was told) took it back from the previous owner. (Forclosure) Well..we did an ARM 2/1 and it is almost up and we can refi now and not pay any early payoff penalties. However, we have started refi.paperwork and all has gone well- until the bank we are trying to get our loan refi. with called and said their is a lain on it- from the prior owner, he owes to the bank we purchased it from. When we bought the house we used a real estate agent, title company, and the loan has also been sold from the original borrow to another major bank - but, now we want to refinace with who we want - What could have happened and how could so many people not notice this? Especially the title company in Dallas or when the 1st bank sold our loan to anothe rmajor bank? How do we clear this up so we can refi before our ARM increases? Many Thanks.

Keywords:
                    

Hi TXHORSES: You need to go back to the title company you closed with and file a claim. When you bo...

[ Total Answers: 1 ]

 
 

Asked 10/30/2007 12:31 pm CT (helendale, CA)

I have the funds and I want to buy down the interest rate on a home loan by 2 %age points. How does this work?Some lenders are saying they can't do it. P;ease answer soon!

Keywords:
        

Don, please give me a call. Larry 888-660-2842

[ Total Answers: 2 ]



Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 20 
 
 >