Monthly Archives: August 2010

Questions about Foreclosing and short sale of a Home?

Posted on August 29, 2010 by admin

Fred T asked: I have several questions regarding a foreclosure and short sale… 1. Will there be a problem when you foreclose a home with an existing equity loan? 2. Is there any legal problem when you foreclose your home … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , | 2 Comments

SmartFit Loan from Wells Fargo Bad Loans?

Posted on August 28, 2010 by admin

Jose S asked: The situation We bought a condo in 2005 at the height of the housing boom for $308,000. Our loan was financed by Wells Fargo, and the type of loan that we qualified for consisted of an 80%/20%, … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 1 Comment

Bankruptcy Question.different info from bankruptcy attorneys?

Posted on August 28, 2010 by admin

Question in Florida asked: I was divorced in September 2008. Ex-husband signed a quit-claim deed and I retained the home, along with the mortgage and home equity loan that were in our names. I have been paying this debt on … Continue reading →

Posted in Other - Business & Finance | Tagged , , , , , , , , , | 1 Comment

Looking for a mortgage, but have some questions?

Posted on August 28, 2010 by admin

Carguy asked: Hey all, I am a college student and I am looking at buying a house next year instead of renting. My parents and I are looking at houses but worried about being able to get a mortgage. Heres … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 4 Comments

Second mortgage question?

Posted on August 20, 2010 by admin

j r asked: Is a 2nd mortgage the same as a home equity loan? ThanksWillie

Posted in Renting & Real Estate | Tagged , , , | 3 Comments

My home is paid for and I have an equity loan?

Posted on August 18, 2010 by admin

lala asked: I live in Ohio. Can I refinance this into a regular mortgage or some other kind of loan with lower interest rate? I am at a variable rate right now. Loan amt is 25000. And I still owe … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , | 3 Comments

Today’s Mortgage RATE : With HOME loan is best

Posted on August 13, 2010 by admin

bartlangkawi asked: refinancinghomemortgageloans-bart.blogspot.com Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though … Continue reading →

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Credit Cards Past Due – Need Advice about Credit Counseling/Negotiating/Bankruptcy Please?

Posted on August 11, 2010 by admin

BrendaD asked: I have approx. 40K between 4 credit cards that I had before I was married. These credit cards are in my name only, not my husband’s. I have always paid my debts on time and have never been … Continue reading →

Posted in Credit | Tagged , , , , , , , , , , , , , , | 4 Comments

What is my debt to income ratio?

Posted on August 11, 2010 by admin

♥ Mary ♥ asked: I have an income of $1497 a month and pay $225 for a home equity loan. (That’s it, no mortgage, no auto loan and no credit cards.) What is my debt to income ratio?Jean

Posted in Credit | Tagged , , , , , , | 4 Comments

Understanding Pre-Qualifying Mortgage and Home Purchase Budget

Posted on August 5, 2010 by admin

Rose B asked: Buying your own property may necessitate you to accomplish tons of document requirements. But perhaps the most vital thing you need to prepare is a plan on how you would finance such real estate endeavor. One of … Continue reading →

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