Monthly Payments

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

Samantha Taylor asked: How about if you could lower the interest on your mortgage? Yes, it would be great and the good news is, it can be done. You can choose from among the various ways to reduce a mortgage rate and this will depend on various other variables. These variables might include refinancing, interest [...]

Continue Reading How to reduce mortgage interest rates?

Tags: Different Companies, Federal Reserve, Interest Rate, Loan Officer, Monthly Payments, Mortgage Company, Mortgage Rate, Rate Of Interest, Risk, Time In Hand

Regis Sauger asked: MORTGAGE MAGICHow can a “tortoise” become an “Easter bunny”? Easy, if you know how to convert mortgage notes into asset based securities, place them into a trust and then sell the certificates of investment into this trust to anyone that can write a check.Wow, what does all of that mean to me? [...]

Continue Reading The Mortgage Mess

Tags: Certificates, Job, Lifetime, Money, Monthly Payments, Negotiable Document, Piece Of Paper, Promissory Note, Sammy, Term Investments

Asmodeus asked: Hello, I will be very thankful if someone can explain in 1/2 words about the banking procedures in cases when the borrower stops the monthly payments to a mortgage. ThanksInstant Auto Insurance Quote

Continue Reading What is the procedure in mortgage payments delay?

Tags: Hello, Monthly Payments, Mortgage Payments

booby asked: Me and My fiance are about to get approved for a mortgage toghther. My credit score is about 730, hers is 615. We both have equal income and it is suffiecent to cover what are expected monthly payments will be. CAn someone estimate about what kind of interest rate we should expect?Consolidating Debts

Continue Reading Can someone estimate what my interest rates should be for my mortgage?

Tags: Credit Score, Fiance, Interest Rate, Interest Rates, Monthly Payments, Rates Mortgage