Monthly Archives: August 2009

Do you feel that ability to get a home loan for borrowers will be an important issue for next president?

david s asked: Due to all the people who are defaulting on mortgages, it will be a very different environment by the time elections come around. Many voters important issue will be what will the government do to help me into a home even though my credit is damaged due to my last forclosure. What [...]

Posted in Elections | Tagged , | Comments closed

tax deduction for the single family home mortgage?

i-love-god asked: for the example purpose, say i want to purchase a home worth of 400000. Assume I get a loan ( 6% int rate for 10 years) for this amount. I get the standard duction of 10000 every year when I pay income tax. In addition to the 10000, how much more can I [...]

Posted in United States | Tagged , | Comments closed

Interest rates have dropped to below 0.25%. Does this mean I can get a mortgage with this rate?

Little Engine That Could asked: We have a house of our own which we are renting out. We would like to get a home for our family as we are living in a small apartment while in grad school. Can we get a loan while we have two mortgages on the first home? Will our [...]

Posted in Renting & Real Estate | Tagged , | Comments closed

Can I apply for a new home loan before I sell my current home (where I have a mortgage)?

missmisty asked: We own a home right now, but we know we are going to need to sell it and purchase a new home around November of this year. Can we apply now and be pre-approved for our next home before we sell the home we live in now, that we currently have a [...]

Posted in Renting & Real Estate | Tagged , | Comments closed