Renting & Real Estate

Isle Esme asked: Me, my husband and my mother are on the deed of a house. However the mortgage is in her name and is billed to her. If she stops paying the mortgage (and we move out).. we’ll the other people on the deed be responsible for the mortgage? What happens?Instant Auto Insurance Quote

Continue Reading Are those on the deed of a home responsible for the mortgage?

Tags: House Mortgage, People

Kirsten asked: From the research I’ve done, the rates seem quite a bit better than most other banks. Is there a downside to getting a home mortgage from a credit union? Why wouldn’t everyone do it if the rates are so much better?Fixed Rate Home Equity Loans

Continue Reading Do credit unions really have the best deals on a home mortgage?

Tags: Banks, Best Deals, Credit Unions, Downside, Home Mortgage

Dr. Angie asked: I have been a Loan Originator for a year now, but I’d like to become a mortgage broker. This way, I can shop around to different lenders to help close more loans.Instant Auto Insurance Quote

Continue Reading What’s the best way for me to become a Mortgage Broker in CT?

Tags: Lenders, Loan Originator, Loans, Mortgage Broker, Mortgage Ct, Mortgage Shop

Nader G asked: If you own a house assessed at about 400k, how much down payment would you need to put on a house costing in the 800k-900k, and how much will be a typical monthly mortgage. Also, do you need a solid job to get a mortgage on your second house if you own [...]

Continue Reading Is it easy to buy a second home mortgage wise?

Tags: First House, Home Mortgage, Job

░♥░ asked: I know that only one FHA mortgage is allowed per person. But can that person own an investment property and get a refinance FHA on their primary?Instant Auto Insurance Quote

Continue Reading How many properties can a borrower own when obtaining an FHA mortgage?

Tags: Fha Mortgage, Investment Property

Ana C asked: Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio?Instant Auto [...]

Continue Reading Student loans not in repayment or in deferral included in a mortgage loan application as an expense?

Tags: Applying For A Mortgage, Credit Report, Expense Ratio, Mortgage Application, Mortgage Loan Application, School Loans, Student Loans

indy_64_99 asked: I refinanced my home to get equity out of it. I closed on my loan and waited through the 3 day cancellation period. My new lender has excuse after excuse about why they are not paying! I now can’t cancel the loan as I a past the cancellation period but I also cannot [...]

Continue Reading After closing on a home mortgage how long after the 3 day cancellation period may the lender delay payment?

Tags: Cancel, Cancellation Period, Delay Payment, Excuse, Home Mortgage, Money, Original Mortgage

Laura J asked: Man, 69yrs old getting divorced, need to use a reverse mortgage to purchase, i need it explained to me, how it works.Instant Auto Insurance Quote

Continue Reading CAn someone explain a reverse mortgage purchase when buying a home?

Tags: Buying A Home, Home Man, Mortgage Purchase, Reverse Mortgage