Monthly Archives: November 2009

When buying a home, what is the best lender to use for a mortgage?

galactic129 asked: …a lender that would give the best possible mortgage rate.
I realize that this is a rather vague question, but please make at least a general input.
Thanks.Traci

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Can a new home equity loan amount be larger than your mortgage balance?

cjt asked: We currently have a home equity loan and a mortgage, but want to pay off credit card debt. Can we take out a new home equity loan, paying off the current home equity loan and credit card debt which would result in the home equity loan balance being larger than [...]

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Question concerning a mortgage loan for a home that needs repairs?

lizw3006 asked: We are considering buying a home that is need of about $10,000 in small repairs and updates. We were approved for a loan higher than the price of the home. Is there anyway to take out the loan for $10,000 more than the price of the house to put toward the [...]

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

If someone has 80/20 mortgage loan, the home is now foreclosed?

Missy L asked: what happens to the 20% loan? What kind of loan would it be considered? Recourse or Non-Recourse?Roosevelt

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i’m refinancing my home mortgage but something is showing up on my credit report?

debra c asked: a serious delinquency is showing up on my credit report.. i have no idea what it is!!! i’ve had my credit check yearly. and its never showed up before.. i called equifax but u CAN NOT get to a real person.. this is something i was to discuss in person does [...]

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