Monthly Archives: December 2009

What’s the chance of getting a mortgage with a credit score of 627?

deanna G asked: I am looking to buy a condo, the price is $70000. What are the chances of getting a mortgage with a credit score of 627 ? (I paid off 2 credit cards last week and it hasn’t shown up yet, so hopefully this will increase my score). First time home [...]

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Is it true that the home-mortgage debacle is due to that segment of society that is poor and opportunistic?

bradwelljackson asked: Is this the profile of the person resposible for the credit crunch: A low-income person who tried to figure out a way to get a house even though he knew he couldn’t afford one?Derick

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At age 57 should I get a new mortgage or get a home equity loan?

chocolate cherry asked: My parents who are both deceased gave me the 1st option to purchase their home. I want to buy my sisters out and I want to know if it is better to get a new mortgage or can I borrow money from the equity in the house and pay them off. [...]

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Mortgage company wants my 2005 and 2006 income tax returns. Is it required?

stan4bass asked: I applying for a home refinance loan. Mortgage company want me to sign a form to obtain my 05 and 06 income tax returns. Is it required?Yvonne

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Did the ’sweetheart’ home loans libs got have any influence in their vote to give mortgage lenders your money?

makeamericagreat asked: Today, The Washington Post Reported That Obama Received A Sweetheart Mortgage Deal For His Chicago Mansion:
Obama Received A Discounted Rate On His $1.32 Million Mortgage For His Georgian Mansion In Chicago. “Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion [...]

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