Buying A Home

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

Carrie Reeder asked: If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on the other two factors needed to get a mortgage loan, which are; income verification and a down payment.After bankruptcy [...]

Continue Reading Buying A Home After Bankruptcy – Get A Mortgage Loan After Bankruptcy

Tags: 2nd Mortgage, Bankruptcy Credit, Bankruptcy Mortgage, Buying A Home, Income Verification, Lenders, Mortgage Bankruptcy, Mortgage Loan After Bankruptcy, Nehemiah Program, Payment Assistance Programs

james w asked: If you provide the mortgage company with all the requested info do they typically follow up on that. Does it vary from company to company or is it a common practice for them to execute the 4506t form. Also, has anyone everheard of first choice mortgage in charlotte? Any thoughts on them?Instant [...]

Continue Reading How often do mortgage comapnies use the 4506 t form to very info. Always or hardly ever when buying a home?

Tags: 4506 T Form, 4506t Form, Buying A Home, Choice Mortgage, First Choice, Mortgage Company, Mortgage Form

Dennis Estrada asked: The Mortgage Rebate is negative points that are due to the buyer. The discount points are upfront fee to lower the interest rate. The discount points are paid by buyer, while negative points are paid to the buyer. Each point equals one percent.This entices the buyer to buy a home. Since the [...]

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Tags: Advertise, Buyer Agent, Buying A Home, Closing Costs, Entices, Fixed Mortgage, Interest Rate, Lobbyists, Seller Agent, Sunshine State

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