| Subject | Date Asked |
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| buying a house for my parents | 11/20/2009 |
Q: First of all, thank you for your time and your service. I am thinking about buying a small house for ...
A: First, I would always seek this type of advice from a real estate attorney. Never take legal advice ...
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| 1st & 2nd Mortage Pay off | 11/18/2009 |
Q: My uncle's wife passed away. The mortgage was in her name and the deed was in hers' and her son's ...
A: When the house sells all loans will be paid off as long as the loans are not more then the house ...
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| Second Home | 11/18/2009 |
Q: We are buying a home. Long story short, credit isn't greatest, but we can definitely afford what ...
A: If the second home is in the same city, it can't be a second home. It would have to be an ...
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| Second Home | 11/17/2009 |
Q: We are buying a home. Long story short, credit isn't greatest, but we can definitely afford what ...
A: The only loans that allow co-signers are FHA loans and FHA doesn't lend on second homes. So if you ...
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| CMT index refinance | 11/9/2009 |
Q: I am currently in the market to refinance my house. I was talking with one company who had ...
A: The main reason people get 3, 5 or 7 year arms is because they know they will be selling the house ...
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| Buying a Sibling out of an Estate Property | 11/1/2009 |
Q: My sister and I have inherited our family house after the death of our mother. My sister wants to ...
A: The best way is to use the equity in the house by refinancing the house and taking the cash out to ...
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| closing date extension | 10/10/2009 |
Q: my paperwork was not ready on time the day was Friday i did not find out until Saturday cannot get ...
A: If your lender did not have the paper work finished on time, they shouldn't have a problem with an ...
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| Refinance | 9/28/2009 |
Q: 1st of all thank you for taking the time to answer my question. We live in Florida and currently ...
A: I would suggest not to refinance. With only a 1% drop in rate with a loan amount of 78k and the ...
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| Gift of Equity | 9/24/2009 |
Q: I am wondering. My father in law is selling his mothers house to my wife and I. The first appraised ...
A: With any mortgage the person who has the lowest scores is how the loan will be scored qualified. If ...
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| Gift of Equity | 9/24/2009 |
Q: I am wondering. My father in law is selling his mothers house to my wife and I. The first appraised ...
A: A co signer does not off set your scores. It only helps you income qualify. Probably the best thing ...
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| Gift of Equity | 9/24/2009 |
Q: I am wondering. My father in law is selling his mothers house to my wife and I. The first appraised ...
A: If you are using a non occupying co signer, you would be best to go with an FHA loan. All of the ...
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| TX Home Equity | 9/21/2009 |
Q: The borrower lives in another state and that is their primary residence. They want to do a cash ...
A: Sam, I am not quite sure about your question. When say TX do you mean Texas? I am in Boise Idaho ...
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| Trading Houses | 9/2/2009 |
Q: How is it possible to trade for another home of lesser value and both parties have a current ...
A: John, thank you for your question. I'd like to first address the current mortgage situation. ...
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| ownership transfer | 9/1/2009 |
Q: My husband and I have a mortgage under our names. Is it possible to transfer an ownership to just ...
A: The only thing your can do is to take your name off of the title (quit claim) now and then in 6 ...
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| Ohio Dower Rights | 8/29/2009 |
Q: I owned my home six years before marrying. After a year or so of marriage I refinanced to do some ...
A: I ive in Idaho and we have things a little different. In Ohio, once your husband has restored his ...
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| qualifying for mortgage, good income, poor credit | 8/25/2009 |
Q: My husband and I are looking to purchase our first home. My income is 80K, his is 25K. My credit ...
A: If you are going the the normal credit bureau channels it will probably take longer. Because there ...
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| qualifying for mortgage, good income, poor credit | 8/25/2009 |
Q: My husband and I are looking to purchase our first home. My income is 80K, his is 25K. My credit ...
A: the first question is- what are your middle scores? If yours is 585- you will need at least 600 for ...
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| Selling house | 8/21/2009 |
Q: I live in Ohio and may be wanting to move from my present location in a few years, maybe sooner. I ...
A: As long as you are making your mortgage loan payments on time, you will have no problem renting the ...
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| reassessing home value | 8/17/2009 |
Q: I read that since our home has lost a lot of its value that we should get it "reassessed" to save on ...
A: Your local county tax assessor office would be your first place to start and their web site. They ...
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| deed showing easements | 8/16/2009 |
Q: I have paid off my house mortgage a while back, but can't find a copy of the deed. How would I get ...
A: Good afternoon! When you purchased your home, you should have received an owner's policy of title ...
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