Renting & Real Estate

Bobby5050 asked: What is a mortgage? How long is a typical mortgage? Identify the different types of mortgage on offer in the United Kingdom? If you cannot keep up with mortgage repayments what can happen?Student Loan Refinancing

Continue Reading What is a mortgage? how long does a mortgage take to payoff in the UK?

Tags: Mortgage Payoff, Mortgage Repayments, Mortgage Types, Mortgage Uk, Uk Mortgage, United Kingdom

Y? asked: We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? [...]

Continue Reading How do I calculate mortgage payments when buying a home from a family member?

Tags: Buying A Home, Calculate Mortgage, Family Member, Flexibility, Money, Monthly Mortgage Payments, Monthly Payments, Mortgage Bank, Renting, Using A Lawyer

TexasBound asked: I’m planning to relocate, but current owe a mortgage for $50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be able to get a second mortgage or refinance my current home [...]

Continue Reading I have a mortgage on one home, can I get a second mortgage to pay for another house?

Tags: Bankruptcy Record, Current, House Planning, Mortgage Refinance, Second Mortgage

Ash asked: If you don’t mind my asking, I’m trying to figure out what a reasonable percent of my income is to be going towards a mortgage payment. My partner and I make around $6500 gross monthly, and I’m wondering what percent of that we could reasonably spend on a mortgage without getting in over [...]

Continue Reading What percentage of your income goes towards your mortgage payments?

Tags: Car Insurance, Gross Income, Insurance, Mortgage Payment, Mortgage Payments, Partner

Nelson asked: I am fresh out of a college. Not just any college; a community college. And I need step by step how to become a mortgage broker or mortgage agent please. Thanks alot.Instant Auto Insurance Quote

Continue Reading How do I become a mortgage broker or mortgage agent in California?

Tags: How To Become A Mortgage Broker, Mortgage Agent, Mortgage California, Step By Step

Iñigo asked: In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.Instant Auto Insurance Quote

Continue Reading How does mortgage fraud affects the subprime mortgage crisis?

Tags: Mortgage Fraud, Mortgage Frauds, Subprime Mortgage Crisis

anitak26 asked: We have an 80/20 mortgage and have tried to refinance with no avail. We did get a 3-yr loan modification, however, after that the price will jump back up again. And if they come after my husband, what do we do then?Fixed Rate Home Equity Loans

Continue Reading What determines if the mortgage company will come after you if you walk away from a 80/20 mortgage?

Tags: Avail, Loan Modification, Mortgage Company

buad0118 asked: I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I [...]

Continue Reading What happens to a second mortgage when a home is purchased at a foreclosure auction?

Tags: Bid, Buy House, Countrywide, Decision One Mortgage, First Mortgage, Foreclosure Auction, House Foreclosure, Money Mortgage, Mortgage Foreclosure, Mortgage Taxes

Chochi asked: I’m currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have to settle this 2nd mortgage. [...]

Continue Reading How to deal with a 2nd mortgage that has been sent to collections?

Tags: 1st Mortgage, 2nd Mortgage, Assets, Collections, Emc Mortgage, Judgment, Rental Property, Repayment Plan

Wisen Smart asked: My mom is thinking of doing a reverse mortgage in two years when she turns 62. The house has a tax lien. How would this affect getting the reverse mortgage, if it affects it at all? thanksCredit Report

Continue Reading What are the possibilities of getting a reverse mortgage?

Tags: Mom, Possibilities, Reverse Mortgage, Tax Lien