-
Archives
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
-
Resources
-
Meta
Monthly Archives: July 2010
can anyone answer this correctly?-equity loan math question?
girasol2525 asked: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based … Continue reading
The mortgage bailout money?
BirdogsID asked: Where can I get my share of the mortgage bailout funds? My home was overvalued by bank of america and I am going to be foreclosed on, not to mention, I am in texas and there is a … Continue reading
Posted in Renting & Real Estate
Tagged Bank Of America, Grandkids, Hell, Home Equity Loan, Money, Mortgage Bailout, Mortgage Funds, Yup
3 Comments
Reverse Home Mortgage – Put Your Equity to Work For You
Addison Clark asked: A reverse home mortgage is a loan that has features that make it reverse of the traditional loan. Instead of having to make monthly payments on a mortgage, you can receive payments. Instead of having to turn … Continue reading
Second Mortgage Loans Can Help You Consolidate Your Debt
Barry Byers asked: Second mortgage. The term used to have negative connotations – people with a second mortgage were assumed to have extreme financial difficulties and poor money management skills.That perception has changed for many reasons. Housing prices have reached … Continue reading
EquityReach Mortgage Soluitons
turnherelocal asked: “A mortgage specialist will help you get a home loan quickly at the best rates and terms for any financial situation. Prequalify, apply and get approved for mortgage home equity loans. Purchase or refinance your real estate loan, … Continue reading
Zero Down Mortgage Loans for First Time Home Buyers
Mary Wise asked: Being a First Time Home Buyer can increase the difficulty in the process of obtaining finance, not only due to the lack of credit history that it implies but because of the inexperience and lack of knowledge … Continue reading
Can I use equity in a 2nd home to lower my primary home’s mortgage principal?
mckgolfman m asked: I have a condo that I rent out and I have a line of credit that is at a lower interest rate than my mortgage. I am thinking about taking out some of that money to lower … Continue reading
Understanding the Home Equity Conversion Mortgage
Tony Newton asked: You’ve probably have heard of home equity conversion mortgage or HECM. This was introduced by the government through the Federal Housing Administration as a way to assist senior citizens to secure loans. This is a federally insured … Continue reading
What will happen to the equity of your house by 2-4 years from now if the home was loan modified today?
jacque1016 asked: Example: Previous value of house $300K and currently paying in mortgage, current value $200K and applied for loan modification, after 2-4 years from now $400K. Will the $200K additional value be considered as equity or AUTOMATICALLY be added … Continue reading
Posted in Renting & Real Estate
Tagged 200k, 300k, Current Value, Loan Modification, Mortgage
2 Comments
Negative Equity and the 125% Mortgage
Jay Tillotson asked: Back in 2007, a new mortgage appeared on the market which seemed like a godsend for first-time buyers – the 125% mortgage. The idea was that you could borrow the full cost of the property, plus 25% … Continue reading