Monthly Archives: October 2009

Can I get a mortgage with poor credit but cosigner with credit scores of mid 700’s but high DTI?

dusty_roade asked: I am recently divorced and reestablishing my credit. I had scores in the 620 range until I disputed some inaccurate items on my report. Cleaning them off dropped my scores to mid to high 500’s because of losing history. I also have limited income. My father offered to cosign a home for me; [...]

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What’s the difference between a home loan and a mortgage?

pool_wizard20 asked: mina: No, I don’t own a home. My parents do. Dumbass.Nadia

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Calif. How long can i claim the deduction of a mortgage credit certificate ?

C D asked: I was a first time buyer and have been living in t he home for 10 years.Val

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Should I consider Charles Schwab for my home mortgage?

Bob H asked: I’m looking for the best rates and they seem to be very competitive. I’ve had checking account with them for 6 months or so and have been pleased with their service so far. Has anyone taken out a home loan with them yet? Was it a good or bad [...]

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I just bought my first home. Does this help my credit score right away?

Jennifer asked: My credit cards are maxxed and want a consolidating loan to pay all off any chance with starting score of 614 after buying a home. Just mailed first mortgage payment.Charlotte

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Is it really possible to pay off my 30-year fixed rate mortgage in 5-7 years?

urbaal_99 asked: I saw a so-called expert on a news broadcast this morning who said people in Australia and Europe have discovered a way to leverage their debt and finances in order to pay off their home mortgages at a faster rate without changing their monthly payments. How is this possible? It was [...]

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Why are home interest rates rising when the fed keeps lowering the interest rate?

weezy asked: I am a bit confused at why the interest rate on 15 and 30 year mortgages is rising and the Fed is lowering the interest rate. Shouldn’t the mortgage companies be passing the savings on to the consumers? Isn’t that the whole point behind the Fed trying to help our economy? Just wondering. [...]

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How do you buy a home with bad credit?

Stephanie asked: I am 30, a single female, and am looking to purchase a home. I have bad credit but am working on repairing it. I have a good full time job and can afford a reasonable mortgage payment. Please give ideas. Thank you!Bonnie

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How Long does it take for your Mortgage to show up on your Credit Report?

Ryan R asked: I just purchase a home in July (07/08) how long should it take before I can see the mortgage on my credit report like I see my other credit accounts (car loans, credit cards etc).Anne

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is a mobile home mortgage the same as a rv loan?

mickeymouse_96 asked: I was thinking about getting a mobile home but I had heard that a mobile home mortgage is the same as a car loan. I found a mobile home for 115,000 would that qualify for a home mortgage since it is a very high amount?Abigail

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