| Subject | Date Asked |
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| Buying a Sibling out of an Estate Property | 11/1/2009 |
Q: My sister and I have inherited our CA. family house after the death of our mother. My sister wants ...
A: The easiest way to do this is to get yourself qualified for a loan. Also, you do NOT have to do a ...
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| FHA vs. USDA | 9/23/2009 |
Q: What is the advantage of a USDA loan over an FHA loan? Are there any downsides? Thanks.
A: Hey Joe, There is a significant advantage in going with a USDA purchase verses FHA. 1) No down ...
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| Adj. rate loan | 8/31/2009 |
Q: We have a ARM with Chase. There is a 3 yr refi- restriction that expires in Oct. Should we try to ...
A: I would talk with another lender to see if you can put both loans into on lower fixed mortgage ...
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| mortgage refinance | 8/28/2009 |
Q: At the time of applying for refinance we were told that there would be no problems as friends of ...
A: I want to say first say this, I am truly sorry this has happened to you!! It is companies just like ...
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| Mortgage Interest Rates | 6/10/2009 |
Q: We applied for a 30 mortgage loan in February 2009. (to buy out my former wife half interest in our ...
A: The first thing I'm going to say is this; I'm having trouble seeing that any bank would tell you ...
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| FHA loan | 5/4/2009 |
Q: We were told by our FHA specialist loan officer that to be eligible for an FHA loan, we had to have ...
A: I'm not really sure what you are asking. If you are asking the question "Can we use the house as a ...
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| thinking of refinancing | 4/18/2009 |
Q: I am thinking of refinancing to take advantage of the new rates. I'm not sure it would be worth it ...
A: Do not refinance!! By the time you add closing cost to your loan and the rate you'd get ...
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| Do we qualify? | 4/6/2009 |
Q: I am looking to get a personal loan to buy a boat. I have a 608 score and my wife 646. We bring in ...
A: I can tell you this. If you pay off some of that debt, which will raise both of your credit scores, ...
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| Problems with finance company | 2/19/2009 |
Q: my daughter has her car financed with Toyota. She didn't receive a statement this month so she got ...
A: The only logical explanation I can think of for this to happen is; your daughter has a common name ...
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| rates | 2/19/2009 |
Q: I was talking with my mortgage guy and he said the way to find out what the actual rates are ...
A: I wish I did know of a place to go to find this information myself. But, to the best of my ...
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| personal loan from Daughter | 2/17/2009 |
Q: My wife and I want to build a new home and my step daughter wants to loan us part of the money we ...
A: To answer your question; I do not see a problem, or see you breaking the law. As long as you have ...
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| loan approval or disapproval! | 1/17/2009 |
Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ...
A: Hakan, I'm afraid this beyond my expertise. You are doing the best thing you can do by handing this ...
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| mortgage late payments & adding to the end | 1/3/2009 |
Q: Is it possible to have your bank add the late payments onto the end of your mortgage and then report ...
A: It's possible, but highly unlikely if you haven't talked to them before your payment goes late, ...
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| Rate/APR | 1/2/2009 |
Q: When you get a mortgage is your payment calculated based on rate or apr? I notice when you look at ...
A: In a nut shell, Your payment is calculated on the rate you are in, not the APR. The APR rate just ...
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| Applying for an mortgage loan | 12/1/2008 |
Q: I am looking to purchase a home in Georgia in March of 2009. I will have $5,000 to put down. But i ...
A: The first question you'll have to decide is this; how much are you going to pay for a house. The ...
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| TITLE/ LEIN RELEASE | 11/29/2008 |
Q: I NEED A PAY-OFF LETTER STATING THAT MY CHEVY CUBE VAN WAS PAID OFF FROM GMAC, THE LEINHOLDER. HOW ...
A: If you have a copy of your credit report, then the number is on there. All of your open and closed ...
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| loan approval or disapproval! | 11/29/2008 |
Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ...
A: If your VA loan was approved, then you didn't need any money for closing, all they had to do was ...
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| Purchasing a new home in business name | 11/23/2008 |
Q: How can I buy a home in my business name? I have a software consulting company, personally I have ...
A: You will need to contact a Broker or Lender in your area and they will be able to guide you through ...
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| PMI Deletion | 11/19/2008 |
Q: The mortgage company is calling me wanting my payment. I always have it mailed by the 2nd of the ...
A: Sad to say, but Countrywide can do this in spite of a previous agreement your had with them. The ...
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| Harrassing telephone calls | 11/18/2008 |
Q: The mortgage company is calling me wanting my payment. I always have it mailed by the 2nd of the ...
A: The first thing you need to do is write a letter to the bank asking them not to call you unless your ...
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| The bailout package | 11/9/2008 |
Q: I've been thinking about the recent collapse of several prominent banks in the U.S. and the ...
A: Yes it would have been smarter if the Government had given the bailout money to the home buyer's. ...
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| mortgage company harassing phone calls when not late | 11/8/2008 |
Q: Is there something I can do about a mortgage company calling my home 10-20 times a day. The payment ...
A: Ask for their name and employee number and then a Manager. If that doesn't work, lodge a complaint ...
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| CONTRUCTION LOAN QUESTION | 10/14/2008 |
Q: OK WELL I HOPE THAT YOU HAVE A MINUTE TO ANSWER THIS QUESTION... I STARTED A BUILDING PROJECT IN ...
A: The answer is yes, the General Contractor is responsible for the completion of the job, no his ...
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| Amostization- How to Pay off faster | 10/8/2008 |
Q: I have a 30 year fixed rate on my mortgage at 5.5%, the original amount was 201K and I currently owe ...
A: In today's environment, you are smarter to pay toward your mortgage, since it is your biggest and ...
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| Loan | 10/3/2008 |
Q: I filed for bankruptcy in September 2006. It has been 2 years now. I need to know what my chances ...
A: Liz, I would think that you'd be able to co-sign for your Daughter, even with the bankruptcy 2 ...
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| Loan | 10/2/2008 |
Q: I filed for bankruptcy in September 2006. It has been 2 years now. I need to know what my chances ...
A: I don't know the answer to co-signing for your Daughter's student loan, but I would think you have a ...
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| Equitiy cash out | 9/6/2008 |
Q: I have built seven townhouses for sale. Sales are slow and I need to get my equity out of the ...
A: Why are you looking to purchase something you already own? You should be looking for someone to ...
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| Numerous fees | 7/25/2008 |
Q: My home loan was sold on 6/1/08 since then the new company has tacked on 3 late fees and a corporate ...
A: No, it is not legal! Contact the Bank who has you loan and explain what has happened and ask them to ...
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| Payday Loan | 6/23/2008 |
Q: I live in Ohio and have defaulted on a payday loan. Collectors keep calling me and threatening ...
A: I can't give you legal advise, but I can tell you this. If you defaulted on a payday loan, go to ...
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| mortgage payment raise | 6/9/2008 |
Q: recently my mortgage payment went from roughly $1127 to $1650 after an escrow re-analyzation. the ...
A: Unfortunately, you are going to have to pay the back taxes. What I would suggest is this; take out a ...
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| The Bank Says I still Owe Money | 4/30/2008 |
Q: I recently re-financed my home loas (1st and 2nd). Both loans show on the bank's website as "PAID ...
A: Yes, you do need to pay it off!! If you don't pay it off now, someday when you need to refinance ...
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| co-signing a mortgage with my sister | 4/30/2008 |
Q: My husband and I own a house that is for sale in one state and have moved to another and are ...
A: Is the reason you aren't buying the house yourself due to the fact you have another home? If so, all ...
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| Home Equity, financing a home | 4/22/2008 |
Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
A: To take an equity loan out on your present home, contact a local bank and see what you qualify for ...
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| Mortgage Payments | 3/28/2008 |
Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
A: Kathleen, You can also knock off how long it takes to pay your home off by making additional ...
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| Mortgage Payments | 3/26/2008 |
Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
A: Kathleen, Yes, its true! You can also knock 3 years off a 30 year mortgage, if you make an ...
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| Theft of Property Real and Personal by lawyers | 3/26/2008 |
Q: How do you recommend would be the best way to directly contact Bank Chairman to advise lawyers have ...
A: I guess it would depend how accurate your proof is, that there was a theft involved. If you have ...
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| I co-signed. | 3/12/2008 |
Q: I know I know I know......I co-signed for a man...that I was engaged too. I thought it would last ...
A: Miranda, Truth be told, there is nothing you can do to get out of the loan you cosigned on, except ...
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| refinance | 3/8/2008 |
Q: I am selling an apartment complex and am unsure of what I should do with my 85k in profits. I don't ...
A: Brett, I can understand your thoughts on being a Landlord in today's market, so I sympathize with ...
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| Construction Loan | 2/3/2008 |
Q: I signed a construction loan with my lender on 2/1/08. The loan documents stated that I must ...
A: You will have to check with your lender to verify that you can cancel your loan. In most cases, once ...
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| loans | 1/25/2008 |
Q: When you get a loan rate, say 6%, and the APR is 6 1/2%, why is the APR higher? I believe it takes ...
A: Good question and many in the industry would like to know the answer as to why its still being done! ...
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| loans | 1/24/2008 |
Q: When you get a loan rate, say 6%, and the APR is 6 1/2%, why is the APR higher? I believe it takes ...
A: You are correct. But, the APR rate is not the rate you will be getting, the 6% is the actual rate of ...
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| home equity line of credit | 1/15/2008 |
Q: I have a home equity line of credit with Countrywide. I received a letter today, January 15 dated ...
A: The first thing you need to do is contact Countrywide and find out your new credit limit. Hopefully ...
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| Manegerial Accounting | 1/10/2008 |
Q: Can you give mea few examples of a financial accounting reports?
A: I'm not sure what you are asking, or the kind of financial reports you want to know about. Can you ...
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| points | 12/9/2007 |
Q: can you please explain in laymans terms what the points are all about when you get a loan. ...
A: Joyce, Fist of all, if you pay 6 or 8 points for any loan you are in what's called predatory ...
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| refinance taxes | 11/19/2007 |
Q: My friend Jimmy just refinanced his home and requested $20,000 cash out to pay off debts, purchase a ...
A: I don't know what bank he is talking to, but if he refinances and takes money out, he will not be ...
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| loan transfer | 10/26/2007 |
Q: the guy who sales house has 30 fixed rate at 5.5 an i or is there any way that he can transfer the ...
A: No, you cannot take over the loan or transfer the loan, unless he has an assumable mortgage right ...
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