Mortgage Bank

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

Ricky Lim asked: For Second mortgage foreclosure, let’s start by the giving the definition of the of the term foreclosure, this is where by the secure creditor who in most cases is always the bank will try to recover the money by selling the collateral which is normally based on the promissory note.In less complicated [...]

Continue Reading Second Mortgage Foreclosure Laws

Tags: Contact, Financial Institutions, Foreclosure Process, Monies, Mortgage Bank, Mortgage Foreclosure, Mortgage Laws, Promissory Note, Settlement Arrangements, State Bank

eva asked: My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it? and if I can how? The amount is over 2K and it is listed on my Settelment Statement. Mortgage is though Bank of America. I was planning to call IRS and my bank but [...]

Continue Reading My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it?

Tags: Bank America, Bank Of America, Insurance, Irs, Mortgage Bank, Mortgage Insurance

chris asked: Where can I report what may be lies by a person to obtain a mortgage? They are probably getting a FHA mortgage at that. FHA? FBI? They have a lot on fraud by companies selling mortgage but haven’t seen anything on people lying to GET a mortgage. The bank? Can I look up [...]

Continue Reading Where to report mortgage fraud by a person in OBTAINING mortgage?

Tags: Bank Mortgage, Fbi, Fha Mortgage, Lot, Mortgage Bank, Mortgage Deed, Mortgage Fha, Mortgage Fraud, People, Report Fraud

Moises Reyes asked: Be More Informed By Understanding Your Home Loan Mortgage Lender OptionsIf you’re looking to purchase a home, then it’s important to understand that the first step in the home buying process is to choose and meet with a lender. Before obtaining a home loan mortgage, it’s in your best interest to understand [...]

Continue Reading Lender Options For a Home Loan Mortgage

Tags: Credit Unions, Home Mortgage Loans, Mortgage Bank, Mortgage Banker, Mortgage Banks, Mortgage Broker, Mortgage Brokers, Mortgage Law, State Mortgage, Traditional Banks