| Subject | Date Asked |
|
| Just refinanced condo - want to buy a home and rent condo | 8/13/2009 |
Q: My husband, son, and I have lived in a Chicago condo for the last 3+ years. The mortgage is only in ...
A: The answer to your question on a first time homebuyer is yes, your husband can qualify as a first ...
|
| dwelling coverage | 7/28/2009 |
Q: Our mortgage bank is in Troy, Michigan, and they recently became our new mortgager after a ...
A: David, Yes, unfortunately the bank does have the right to request an increase in your insurance ...
|
| Interest Credit | 7/16/2009 |
Q: Is there such thing as an interest credit window? I read in one website: ...
A: Michelle, I apologize for the delay in getting you a response to your question. I was away due to ...
|
| Building a new home | 7/5/2009 |
Q: I'm looking to build my own home in north east Georgia. I was just given some land so I already ...
A: Congratulations on your journey to purchase a new home!! The good thing is that the land value can ...
|
| Helping a roommate | 6/23/2009 |
Q: my roommate's grandmother passed away and it seems there is no will or "pre-arrangements". She has ...
A: The answer to your question is yes, in most circumstances, the remaining loan amount would need to ...
|
| Hard Money/ Private Money Lenders | 6/17/2009 |
Q: I need some direction with finding a local hard money(rue hard money ) lender in my area. I am ...
A: I am so sorry that I do not have any connections to hard money lenders at this time. I used to know ...
|
| escrow account | 6/12/2009 |
Q: We recently refinanced, and have applied to our new lender (Flagstar Bank) to have them pay our real ...
A: If you have an escrow account set up on your loan the lender knows that the taxes and insurance are ...
|
| escrow account | 6/6/2009 |
Q: We recently refinanced, and have applied to our new lender (Flagstar Bank) to have them pay our real ...
A: That is entirely normal and this would occur with any lender that you decided to establish an escrow ...
|
| Building on Pre-Owned Land | 5/20/2009 |
Q: We are considering building a home and we are trying to figure out what happens to any land equity ...
A: Yes, if the land has been appraised for more than what you owe, you are able to use the land as a ...
|
| Refinance Options | 5/12/2009 |
Q: We lived in a house in Kentucky for more than two years. We then were shipped out to south korea ...
A: Yes, it is entirely up to the underwriter and guidelines as to what they believe to or are willing ...
|
| Refinance Options | 5/10/2009 |
Q: We lived in a house in Kentucky for more than two years. We then were shipped out to south korea ...
A: Brian, First of all thank you for your Military service and all that you do to protect me and our ...
|
| To Refinance or Not to? | 5/4/2009 |
Q: We currently have a conventional mortgage through my credit union (then got sold to Central ...
A: Is your current loan a FNMA or Freddie Mac? If it is I would call your current lender and ask them ...
|
| BUYING A HOME WHEN YOU HAVE A TAX LIEN | 5/3/2009 |
Q: I have a tax lien against me that I've been paying on for some years. I make a great salary and want ...
A: GRM, That is a tough question. I guess it would all depend on the type of loan and the ...
|
| backing out of a refinance | 4/28/2009 |
Q: We have been working via email/phone with a mortgage company to get our home refinanced. Our agent ...
A: Tistle, Yes, this is true that you are not able to drop the Mortgage Insurance on an FHA loan. ...
|
| Jumbo Loan FICO Score Requirements | 4/27/2009 |
Q: We have a jumbo loan that is converting to fully amortized in June. We also have a HELOC with the ...
A: Yes it is true that they have really tightened up on the jumbo guidelines. There are several things ...
|
| Trouble with financing | 4/23/2009 |
Q: My wife and I just built a house in Western Washington State. Our original apprasial to get the ...
A: I would certainly be willing to tak a look at a couple options for you. There are several loan ...
|
| Rehab and etc, | 4/14/2009 |
Q: We bought a home in the Phoenix area when the prices were low (not as low as they are now!) in July ...
A: I am not familiar with the government loans as I work as a private banker and do not deal much ...
|
| MORTGAGE | 4/13/2009 |
Q: IF I PAY MY MORTGAGE PAYMENT ON THE 30TH DAY, THEN IT IS CONSIDERED LATE? I THOUGH IF THE PAYMENT ...
A: Dependent on your bank and their allowed grace period, I am not sure what is considered late. On my ...
|
| Land as down payment | 4/7/2009 |
Q: My wife and I are planning on building a house on property that we own outright. The loan for the ...
A: I will let you know right off the top that I am not a construction lender. I would have to think ...
|
| Help with re fi | 4/5/2009 |
Q: I live in PA and am looking to refinance. I plan in living in the home for about 20 years or so. ...
A: The fees seem a bit higher on the lender fees than normal. However if you are using a mortgage ...
|
| Owing more than its worth | 4/1/2009 |
Q: Kounkel, While building a spec house, I sold my personal house in July of 2008 and moved into the ...
A: I am sorry to hear about your situation and no, you are not alone. The reason the banks stopped ...
|
| question about transactions | 3/26/2009 |
Q: I was just wondering which transaction involves more paperwork, a refinance loan or a purchase loan? ...
A: Documents required by the lender are based on the findings that come back from a system called ...
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| question about transactions | 3/24/2009 |
Q: I was just wondering which transaction involves more paperwork, a refinance loan or a purchase loan? ...
A: Do you mean the bank documents, or what is required from the client? I am going to assume that you ...
|
| question about transactions | 3/23/2009 |
Q: I was just wondering which transaction involves more paperwork, a refinance loan or a purchase loan? ...
A: Definately a purchase. There are more parties involved, buying side, selling side, Realtor side and ...
|
| gifting money | 3/18/2009 |
Q: My sister asked if I could borrow money on her behalf for a down payment for a home purchase. Her ...
A: Well that loan officer should be in trouble asking you to commit loan fraud. No, you should not ...
|
| 3rd party accelerator mortgage programs | 3/7/2009 |
Q: I wanted to pay biweekly on my mortage, but my mortgage company doesnt allow that, do you know of ...
A: Unfortunately some banks do not allow the bi weekly plan. You can accomplish the same thing by ...
|
| refinancing | 3/6/2009 |
Q: In 2006 my husband and I bought waterfront property 100'x300'. 100' on water. It is right on the ...
A: You may just want to wait out until the stability and affordability program is completely rolled ...
|
| Prepayment penalities | 2/23/2009 |
Q: Jacqueline, I will summarize my situation as best I can...we have (and had at the time we entered ...
A: First of all, I am sorry that you were not dealt with in a fair manner. It certainly is not a ...
|
| What Happens to my Mortgage if I PrePay 40% of Current Balance | 2/20/2009 |
Q: Jacque, I am hoping you can help me out. I have a first and a second on my home. The second was ...
A: First of all you want to make sure that there are no prepayment penalties for paying principal off ...
|
| Refinance | 2/17/2009 |
Q: My son is trying to refinance his 1st and 2nd purchase money mortgages but he is being told that the ...
A: Because Texas laws of equity are so complicated, I feel that it is best to refer you to someone that ...
|
| Refinance | 2/13/2009 |
Q: My son is trying to refinance his 1st and 2nd purchase money mortgages but he is being told that the ...
A: I will need some other questions before I am able to accurately answer your question. Here are some ...
|
| finding a morgage company | 2/10/2009 |
Q: Which is better, a bank or mortgage company? And you say that you can advise in the area of lower ...
A: Here are some things that you are going to run into as a problem first of all they will want to know ...
|
| finding a morgage company | 2/10/2009 |
Q: Which is better, a bank or mortgage company? And you say that you can advise in the area of lower ...
A: Esther, Hi again! I am sorry that I did not make myself clear. If you buy a second home it is ...
|
| What is the best way to verify the legitimacy of a company? | 2/4/2009 |
Q: I am planning to buy a home in the next 6 months. I am a teacher and I have been courted by a ...
A: Well I feel that if you have an actual individual that stands behind the company, it is worth a ...
|
| finding a morgage company | 2/2/2009 |
Q: Which is better, a bank or mortgage company? And you say that you can advise in the area of lower ...
A: Which is better, a bank or mortgage company? Oh geez, that puts me on the spot. I am not sure if ...
|
| Quick Claim Deed | 1/31/2009 |
Q: My boyfriend purchase a home through Chase and we separated but if he died he wanted me to have the ...
A: Your situation sounds very interesting and something strange had to happen here. I think that we ...
|
| option money | 1/31/2009 |
Q: We had a house that was lease to own with option money. the teneants have decided that they can not ...
A: In a normal lease option the answer would be "no". However it all falls back on your lease purcahse ...
|
| Credit and getting married | 1/28/2009 |
Q: My Fiance and i are looking to get married in the next few months and looking to buy with an FHA ...
A: It is hard to say if he will or will not qualify. When talking about an FHA loan they have a little ...
|
| HOPE Program? | 1/26/2009 |
Q: Sun Trust Mortgage denied by 1st mortgage loan modification because they said my debt ratio was too ...
A: It seems odd that they would deny a modification to your first and approve the second. You might ...
|
| HELOC & Homestead Exemption | 1/19/2009 |
Q: My wife and I are in the rescission period for our HELOC which expires this Thursday. We both have ...
A: It would be odd if you were not able to use the interest payments on your HELOC as an exemption. ...
|
| condo , financial problem(urgent) | 1/17/2009 |
Q: i am currently leaving with my mom. and the house is under my mom and and my name. my mom is the ...
A: I am so sorry to hear about your situation. Unfortunately there are many in the world today that ...
|
| Financing | 12/3/2008 |
Q: I have recently purchased a duplex for 23,000 in antigo, wi. I had my grandma co-sign because I am ...
A: Good for you for thinking outside of the box and prospering on this very different market that we ...
|
| Good Credit, Great Job History.... | 11/3/2008 |
Q: My sister is a teacher in NJ with stable working history (11 years) and a licensed Ocupational ...
A: I will do my best to answer your question with the information that I have above. If your Sister ...
|
| land | 9/23/2008 |
Q: This may be long winded but, I would like to know if you purchased a home 15yrs ago and you had the ...
A: It is hard to say if they would allow you to sub parcel out the 1.5 acres of land. If it was ...
|
| PRE-APPROVED/PRE-QUALIFY LOANS? | 9/17/2008 |
Q: I JUST WANT TO KNOW IF ITS A GOOD IDEA TO GET PRE-APPROVED FOR A MORTGAGE LOAN BEING THAT IM LOOKING ...
A: Thomas, Thank you for your kindness. I think that you would be fine getting this loan done. I ...
|
| PAYING OFF ONLY COLLECTION ON CR | 9/16/2008 |
Q: PLANNING ON BUYING A HOME IN 6 MONTHS. I HAVE A COLLECTION FOR $155 ON CREDIT REPORT. CR SCORES ARE ...
A: That should not be a problem. Especially because it is so old. It may come down to the line that ...
|
| PREPAYMENT PENALTIES | 9/10/2008 |
Q: My question is: Does the New Housing Bill (Signed by President Bush July 2008) which goes into ...
A: I can not answer this question for all lenders, however I do know that a lot of them have removed ...
|
| Appraisal/tax cost | 9/9/2008 |
Q: Hopefully, I can explain this so it makes sense. I'm purchasing a house and closing in 2 weeks. I'm ...
A: Well if the appraisal came in that much lower than the original estimated value, you need to speak ...
|
| Mortage loan | 9/4/2008 |
Q: I want to buy a home,that I can write off the interest and my son can rent, I own my home and a ...
A: I see no problem with me helping you get a loan with the information that you have provided to me. ...
|
| Following up | 8/29/2008 |
Q: The original loan amount including land and closing was 240,000 leaving me 185 to build....I will ...
A: Jeff, We will need to get this resolved asap. The situation of unpaid building supply company ...
|
| Construction to Perm Loan | 8/28/2008 |
Q: I have a construction to perm loan and the house is going to cost more to build than I borrowed- ...
A: Okay Jeff, everything sounds good so far. What percentage of completion is done? What stages of ...
|
| Construction to Perm Loan | 8/28/2008 |
Q: I have a construction to perm loan and the house is going to cost more to build than I borrowed- ...
A: Jeff, I would be happy to make a call with you to your current lender on conference. I would be ...
|
| Construction to Perm Loan | 8/28/2008 |
Q: I have a construction to perm loan and the house is going to cost more to build than I borrowed- ...
A: This happens often and is very common on construction loans. I would first start by contacting your ...
|
| my mom passed away | 8/20/2008 |
Q: my mom left her home to me and my sister can we take a mortgage out on it while it is in probate to ...
A: Christina, I am very sorry to hear about the loss of your Mom. With my current bank they will ...
|
| house swapping | 8/19/2008 |
Q: I've heard the term "house swap" but do not know much about it. My husband and I live in a ranch ...
A: Wow that is quite a question :) Okay I have not heard of the house swap situation. However if ...
|
| Refinancing on Doublewide home | 8/17/2008 |
Q: My husband and I are interested in refinancing our doublewide home. It is on a permant foundation ...
A: I know that it is very tough on those people that were allowed a year or more ago to get loans ...
|
| rent to own | 8/13/2008 |
Q: I have bought a new home. My brother is renting my old home. We had decided to do a rent to own. The ...
A: I am not sure that I am the correct person to answer this question for you, but I will give you ...
|
| Ameridream Program (501 C3) | 8/10/2008 |
Q: I am currently in a contract with a seller who wants me to pay a percentage of closing and down ...
A: However, This is not a question that I am qualified to answer. The closing documents from the sale ...
|
| selling home | 8/7/2008 |
Q: My husband and I have only lived in our home for a year. We want to sell it and move. We don't ...
A: I am not sure that I understand your question. However assuming that you received a government loan ...
|
| competing lenders | 8/7/2008 |
Q: I've applied for re-financing from one bank that I'm associated with, and naturally, word got ...
A: Mr. Greene, I am not the type of person that would bad mouth any companies in the industry. I ...
|
| duties at pay off on mortgage | 8/6/2008 |
Q: I intend to pay off a mortgage this month. I am wondering what to expect. Also what tasks are left ...
A: The best way to pay off your current home is to order a payoff good through the end of the month so ...
|
| competing lenders | 8/5/2008 |
Q: I've applied for re-financing from one bank that I'm associated with, and naturally, word got ...
A: ) There are so many things to look at when deciding on a rate. The best thing to do is make sure ...
|
| payment options or default | 7/30/2008 |
Q: Presently i owe 299k first and Heloc 45K. I have 275k in annunity and due to disability I can no ...
A: I never like to suggest to anyone to foreclose or file bankruptcy because it only complicates your ...
|
| Foreclosure | 7/25/2008 |
Q: My daughter and her ex-husband were 1st time homeowners in TN. Through creative financing, they ...
A: I am sorry to hear of your Daughter's misfortune. Unfortunately her and many others are in the same ...
|
| Timeshare mortgage | 7/23/2008 |
Q: We were purchasing a timeshare, and my fiancee' lost his job. We we unable to continue making the ...
A: I can not answer the legal reporting question that you have asked. I would refer to a Real Estate ...
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| How to pay off mortgage at closing | 7/22/2008 |
Q: We have to relocate to another state and we would like to buy when we get there. Our home has been ...
A: I am certainly not a real estate attorney, so that may be someone that you want to look up on here. ...
|
| 2nd mortgage | 7/19/2008 |
Q: my 1st mortgage foreclosed on my house. the house is about to go back to the mortgage company. i ...
A: I am sorry that I am not the correct person to answer this question for you. I would speak to a ...
|
| close on new house . | 7/10/2008 |
Q: just built a new house me ,few friends .construction loan was no trouble .with local bank .they ...
A: Let me see if I am understanding what you are asking me for. It appears to me that you took out a ...
|
| Renting Foreclosure | 6/29/2008 |
Q: I live in Muskegon,MI and I have been paying rent for 2 years and now the house was going into ...
A: I am sorry to hear that you are having to leave your rental home. I can not be sure of the laws of ...
|
| Putting children names on the deed to a home | 6/25/2008 |
Q: What is the name of your state (only U.S. law)? IN After my mother died in 2006 my father put my ...
A: I can not be certain and suggest you consult a real estate attorney to clarify the litigation ...
|
| Skipping mortgage payment | 6/24/2008 |
Q: Due to the poor economy My work is doing a longer than usual shutdown this month. We have an extra ...
A: Your answer however is completely a case by case scenario. Most banks will allow you to fill out a ...
|
| home buying | 6/18/2008 |
Q: i have a chapter 7 discharge that is about 13 months old. my 3 credit scores are 656, 616, and 610. ...
A: Okay I understand your situation with the bankruptcy was not easy. So on that note I will let you ...
|
| home buying | 6/17/2008 |
Q: i have a chapter 7 discharge that is about 13 months old. my 3 credit scores are 656, 616, and 610. ...
A: Ron, Thank you for the information! I appreciate your quick response. I will see what I can find ...
|
| home buying | 6/17/2008 |
Q: i have a chapter 7 discharge that is about 13 months old. my 3 credit scores are 656, 616, and 610. ...
A: I will check around for lenders that are doing 12 mos out of BK and see what I can find. I am ...
|
| refinancing | 6/14/2008 |
Q: I currently have 40K equity in my home - even in this market. However, it isnt selling - even at the ...
A: I am not sure what State that you are writing from so I can not be certain of what the current ...
|
| Charge off on second mortgage | 6/9/2008 |
Q: Please can you explain to me what is a charge off on a second mortgage and how can I handle that.
A: I am sorry that I am not qualified to explain the legal repercussions of your second mortgage charge ...
|
| Can we get a home loan? | 5/30/2008 |
Q: My fiance and I would like to buy a home next month. We would be purchasing it from my boss at ...
A: It is so hard for me to assume if you would be approved or not without looking at your full picture ...
|
| Credit issues | 5/30/2008 |
Q: So here is my situation.. I am engaged and trying to buy a house for the first time with my fiance. ...
A: ) I do not feel that I am qualified to give you advice on how to proceed with the sequence of ...
|
| Credit issues | 5/30/2008 |
Q: So here is my situation.. I am engaged and trying to buy a house for the first time with my fiance. ...
A: I understand your issues, please know that you are not alone. Since I have not seen your credit ...
|
| Home Equity Line of Credit Rate Lock | 5/28/2008 |
Q: If you had a Home equity line of credit loan with a variable rate of Prime 5%, plus .49%, would you ...
A: Yes, if you paid for these documents in your closing all of them should be provided to you. If they ...
|
| Home Equity Line of Credit Rate Lock | 5/27/2008 |
Q: If you had a Home equity line of credit loan with a variable rate of Prime 5%, plus .49%, would you ...
A: It depends on what type of information that you are looking for. If you are talking about the ...
|
| Mortgage questions | 5/27/2008 |
Q: My grandmother passed away recently. I lived with her in the house. Her name was on the mortgage, ...
A: As long as no one is causing you an issue about living in the property and paying the mortgage, ...
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| Home Equity Line of Credit Rate Lock | 5/23/2008 |
Q: If you had a Home equity line of credit loan with a variable rate of Prime 5%, plus .49%, would you ...
A: Nana, Thank you so much for the kind words and the great ratings! You are wonderful and very much ...
|
| refinance in Texas | 5/15/2008 |
Q: we have a arm on our current property loan, we also have a 3500.00 prepay clause, we are within a ...
A: I am not sure if it would be worth the money to do a refinance for you at this time. Here are some ...
|
| mortgage lending criteria | 5/13/2008 |
Q: Do you have to work for a minimum of 6 months before being considered for a mortgage loan? I live in ...
A: In the USA we do not require a minimum amount of hours worked. What we are looking for is that the ...
|
| Co-sign mortgagee | 5/1/2008 |
Q: I currently own a home and wanted to refinance the loan and add a co-signer to the loan. I was ...
A: DC, I have not heard this at all. What is the reason for adding a cosigner? Is it due to failed ...
|
| closing hud 1 | 4/30/2008 |
Q: in block 101 my titleco. shows 365,604. wich they got from my builder. in my agreement of sale they ...
A: I am not sure that I understand the full picture here so I will try to answer your questions to the ...
|
| No down payment | 4/21/2008 |
Q: I recently recieved the closing papers for a local residence and they would like either 4,200 down ...
A: The lender should be responsible for the occupancy type of the home that you are purchasing. There ...
|
| Inherited Property Mortgage | 4/21/2008 |
Q: I own 2 properties in California with my 2 sisters that we inherited from my Father when he passed ...
A: First of all I am so sorry to hear that you lost your Father in 2004. The answer to your first ...
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| mortgage | 4/20/2008 |
Q: I am about to inherit my father's house and have discovered his ex-girlfriend is listed as owning ...
A: Michael, Thank you for the rating and the kind words. I truly appreciate it and would be happy to ...
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| To refinance or not to refinance | 4/15/2008 |
Q: We have an 80 20 Mortgage. The 1st Mortgage we owe just under $88 000 at 7% interest with a ...
A: If you can private e-mail me your address and zip code, I would be happy to give you a general idea ...
|
| refinance | 4/10/2008 |
Q: My 4.65% ARM will adjust in June, should I wait to see what it will adjust to or refinance now? ...
A: Awww Thank You! That was very nice of you to say. Thank you also for the referral and great rating ...
|
| refinance | 4/9/2008 |
Q: My 4.65% ARM will adjust in June, should I wait to see what it will adjust to or refinance now? ...
A: Great question! Do you know what your index is based on in your current loan? An adjustable rate ...
|
| Renting | 4/8/2008 |
Q: I am in the military and will be relocating. I am in Wa state and the housing market has fallen. I ...
A: Streamline refinances are almost always to the benefit of the client. This is definitely a positive ...
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| Renting | 4/6/2008 |
Q: I am in the military and will be relocating. I am in Wa state and the housing market has fallen. I ...
A: I am so sorry that I was not getting my emails from all experts and I have a very delayed response. ...
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| Foreclosure on Rental | 4/4/2008 |
Q: in late Feb. that is very similar to my situation, but I have a follow up question. We are renting ...
A: My sincere apology for not answering you in a timely manner. For some reason my Experts ...
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| Is paying points financially smart or stupid? | 3/29/2008 |
Q: I understand that points buy down the interest rate on a mortgage, but is it a smart financial ...
A: The best way to decide whether or not it is advantageous to buy down a rate is to take the ...
|
| Loan status | 3/29/2008 |
Q: I'd like to buy a second home for my parents to live in. I will not be collecting rent from them, ...
A: Okay because the home is in another state, it would constitute as a second home in your sitution. ...
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| Loan status | 3/28/2008 |
Q: I'd like to buy a second home for my parents to live in. I will not be collecting rent from them, ...
A: There is a fine line between 2nd homes and investment properties. The purchase situation itself ...
|
| putting a home title in a non-relatives name | 3/1/2008 |
Q: I have a home, there is no lean on it, just taxes that have to be paid. I want to give my home to ...
A: The easiest and most economical way would be to do a quit claim deed removing you from the title and ...
|
| hi! | 2/27/2008 |
Q: i am in the military as well as my husband i am station at san diego and my husband in washington ...
A: I am not sure how busy your time is before you get ready to leave so it is hard for me to advise you ...
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| down payment | 2/18/2008 |
Q: I have a question about my down payment. If I sign a contract to buy a house for $450,000 and the ...
A: There are loans that would allow you to have the lender pay PMI that are 82%. What is your credit ...
|
| Inherited a home with a mortgage | 2/18/2008 |
Q: I just inherited a house from my second cousin. She passed away on Dec 12,2008. The house has been ...
A: I am not sure how much help I can be on this one. Are there any other family members that can help ...
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| refi and buying a new home | 2/11/2008 |
Q: Kounkel, You helped me tremendously the first time I asked for your advice a couple of weeks ago and ...
A: Remember you are talking to a loan rep that absolutely does not believe in paying down her mortgage, ...
|
| subprime lending | 2/8/2008 |
Q: what do you think is the best plan action to take to provide the most advantages and get us out of ...
A: Jon, I think the question came a little too late :) The banks are taking a much harder look at ...
|
| APR / refinance costs | 2/6/2008 |
Q: I refinanced my TX home a few yrs ago and was able to drop my interest rate from 8.5 to 5.75%. I ...
A: I think that 5.75% is a fantastic rate and honestly that is where rates are today on a 30 yr fixed ...
|
| Untraditional Mortgage | 2/6/2008 |
Q: I own a condo, paying about 5.7% on it. It has been about 3 years since I purchased it, so I am ...
A: Regarding your first question regardless of what that broker is doing to refinance every 4 mos is ...
|
| First time home buyer | 2/5/2008 |
Q: I guess I'll just start rambling and hopefully you can give me some solid advice. 1) My wife and ...
A: First of all thank you for choosing me as your loan expert to give you some advice. You sound like ...
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| investing in a second home | 2/4/2008 |
Q: Jacqueline, I'm 74 years old, My question is would it be a good investment to use $100,000 to buy a ...
A: Real Estate is always a good investment especially when buying in a low market as most states are in ...
|
| Foreclosure on Rental | 2/3/2008 |
Q: The rental house we are in is foreclosing because the landlord did not make mortgage payments for ...
A: I think that if I were in your situation I would try to contact the Realtor that helped you with ...
|
| Foreclosure on Rental | 2/3/2008 |
Q: The rental house we are in is foreclosing because the landlord did not make mortgage payments for ...
A: It depends where it is in the foreclosure proceeding or what the bank is willing to work out with ...
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| buying a second home | 1/27/2008 |
Q: we'd like to take advantage of the foreclosure/auction houses that now seems rampant in S. Ca to ...
A: Jade, That was so nice of you to take time to rate me and add such great comments. I truly ...
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| acreage w/ home loans and refinanmcing | 1/25/2008 |
Q: What is the big deal about financing acreage? We have 80 acres in the Ozark mountains, all natural ...
A: The main reason that banks tend to steer away from large land properties is because they lend on the ...
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| Short on Mortgage | 1/21/2008 |
Q: I have relocated and I own a house in the old state in which I owe $230k. It was professionally ...
A: Unfortunately so many people are in your same situation. Most lenders will not allow you to get ...
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| why is principal balance increasing with refinance? | 1/13/2008 |
Q: I have a mortgage of 150,000. Over the past year, I've paid about 2,000 towards the principal, so I ...
A: Fax me a copy of your Hud1 statement to 1-720-870-3877 tonight or first thing in the morning. I ...
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| Mortgage Question | 1/12/2008 |
Q: I bought my first home with my ex-wife about 13 years ago. I am former active duty military and ...
A: I don't see why you would not be qualified to purchase in a year from now. You can always go to ...
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| VERBAL RATE LOCK....DOES IT STAND? | 12/13/2007 |
Q: BEEN TALK9ING TO LENDER FOR DAYS AND THE FIRST TIME I ASKED ABOUT FIXED RATES..SHE SADI SHE COULD ...
A: I am not sure what day that you requested your rate lock on or what rate you were offered. I would ...
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| 1st time Buyer w/$15K credit card debt & 22K car loan | 12/10/2007 |
Q: I am 24 years old and unfortunately racked up quite a high amount of credit card debt when I first ...
A: I am so sorry that I did not respond to your question sooner. I just received the notification this ...
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| Purchase home | 12/3/2007 |
Q: I'm looking to buy a new home and need a loan. I'm looking for 100% financing. Right now if I buy ...
A: There are so many things that need to be taken into consideration when looking at a loan and ...
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| Refinance chp. 13 | 11/30/2007 |
Q: We need to refinance our house and we currently have an 80/20 loan. We live in CA. Our problem, like ...
A: Yes, that seems to be the going problem that people are facing currently. So many people had their ...
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| help please | 11/2/2007 |
Q: Fl for 285,000. The market here has completely destroyed our homes value. When we bought we chose a ...
A: Alexis, I look forward to helping you in any way that I can. Thank you for the kind words that ...
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| help please | 11/1/2007 |
Q: Fl for 285,000. The market here has completely destroyed our homes value. When we bought we chose a ...
A: Alexis, First of all I want to say that I am so sorry to hear of your situation. You are not ...
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| Loan?? | 10/22/2007 |
Q: My wife and I own a 1974 double wide and the land that the double wide is permanently attached to. ...
A: Rick, My sincerest apology for the delayed response on your question. I was not notified that I ...
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| Would it be bad to consolidate debt on first home purchase? | 10/8/2007 |
Q: My wife and I want to purchase our first home soon. I have a credit score around 660 or so and have ...
A: Buying a home is a big deal and you must feel comfortable and confident going into the purchase. ...
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| securitization of mortgages | 10/6/2007 |
Q: I'm a law student writing a paper on an issue of the predatory lending and the securitization of ...
A: http://www.law.columbia.edu/center_program/ag/predatorylend#10716 ...
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| securitization of mortgages | 10/5/2007 |
Q: I'm a law student writing a paper on an issue of the predatory lending and the securitization of ...
A: Great subject to scrutinize. There are so many people that are losing their homes because of ...
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| purchase of condo in miami | 10/1/2007 |
Q: how are you? We are in the process of purchasing a condo in Miami Beach, Florida. We are a first ...
A: I am great and hope you are doing well also! That is very exciting that you are buying your first ...
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| Race to the Alter for Best Loan Rates | 9/29/2007 |
Q: My fiancé owns a home with no mortgage valued at $1 Mil, but with a home equity loan of $60K. We ...
A: You are correct in your statements above. Most banks require chain of title in this situation a non ...
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| mortgage | 9/27/2007 |
Q: If someone has a credit score of 660 and has a very poor debt/income ratio and refinances his ...
A: I am going to need a little more information. It sounds like the only issue you have is debt to ...
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| career advancement | 9/18/2007 |
Q: I'm not sure if I asked you this before, but what kind of career advance is available for people who ...
A: Hey there, I am sorry that I am not able to answer that question for you. I would have to assume ...
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| career advancement | 9/18/2007 |
Q: I'm not sure if I asked you this before, but what kind of career advance is available for people who ...
A: Danielle, There are several positions in upper management that can be offered. In our office I ...
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| career advancement | 9/14/2007 |
Q: I'm not sure if I asked you this before, but what kind of career advance is available for people who ...
A: So sorry for the delay, I somehow missed this email. If you choose to move up from a Loan ...
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| talking to clients | 9/5/2007 |
Q: I was wondering if you can give me tips on making the initial call to prospective clients? I don't ...
A: Okay again, I will answer this to the best of my ability. :) We have always been asked to read from ...
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| talking to clients | 9/5/2007 |
Q: I was wondering if you can give me tips on making the initial call to prospective clients? I don't ...
A: Danielle, That is probably the hardest question that I have ever been asked! It is so hard to ...
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| Lender Aprraisl | 8/28/2007 |
Q: Lender Appraisal Fee My wife and I were moving through the process of buying a home. We decided ...
A: Well every lender is different. I always read the contract to make sure that there are no prior ...
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| First time home buyer programs in FL | 8/23/2007 |
Q: I have put a deposit on a pre-construction condo in Miami and would like to know what type of first ...
A: The deposit refund will all depend on your contract and usually not refunded unless it is written ...
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| loan officer commission | 7/25/2007 |
Q: I've seen job ads for loan officers and there will be a mention of the commission split being 50%, ...
A: Danielle, Every company is different in what they pay and how they pay. It depends if you are ...
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| mortgage career options | 7/18/2007 |
Q: I am thinking of getting into the mortgage industry as a loan officer, but I was wondering what ...
A: It all depends, there are certain companies that will train you without any prior experience. I ...
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