Archive for the ‘Renting & Real Estate’ Category

Can you deduct mortgage interest on a loan for a second home?

Sunday, January 18th, 2009
home#2 asked:


Our current home is in Seattle. We will be keeping this home and living in it during the summers, our new home will be in Denver and we will be living in it during the rest of the year.

Eddie

First time Home Buyer, Countrywide or WAMU mortgage loan?

Wednesday, January 7th, 2009
HAPPY_DAYZZZ asked:


I am in the process of buying my first home in NYC,

>I wanted to know which lender is better? (rates, customer service, company reputation? etc?)

> I have 20 % to put down.

>any personal experience / advice you can share with me?

Thanks!

Arlene

For a $1500.00 per month mortgage payment what could we get for a home loan?

Tuesday, January 6th, 2009
Proud mommy asked:


My husband and I are trying to purchase something. A lender told us we are able to get $350,000 loan which the payments would be $2,600.00 which I don’t think we can afford. How much would be safe to get so we can pay $1,500.00 per month?

Alexander

is it possible to get a home equity loan or to refinance while your already behind on your mortgage?

Monday, January 5th, 2009
brownetw asked:


we have about 20k worth of equity but we fell behind on our mortgage payments early this year and negotiated a plan to incorporate the amount we were behind into our normal monthly payments. making those payments a bit higher each month. that however is still not working because of all of our other bills and we want to use the equity to pay off a vehicle and a bunch of credit card debt etc… is that possible?

Hazel

Home loan or mortgage question is it worth refinancing?

Monday, January 5th, 2009
kristinjohnson111 asked:


I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75% but its a 30 year loan., and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i’ve noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks Those of you in the finance business what would you suggest for me?

Theresa

Home loan or mortgage question is it worth refinancing?

Sunday, January 4th, 2009
kristinjohnson111 asked:


I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75%, and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i’ve noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks

Calvin

Share ideas on refinancing 2nd loan Home Equity Line of Credit?

Thursday, December 25th, 2008
home mortgage loan credit
fusionmustang asked:


Existing mortgage: 80-20. No equity. 1 year since purchase. 2nd loan home equity line of credit has variable APR. Please share ideas to refinance 2nd loan and also consolidate other loan.

Denise

Wil it afect my credit if we foreclose our home? My name is in the title bt not included in the mortgage/ loan?

Wednesday, December 24th, 2008
home mortgage loan credit
surfer asked:


We bought our house 3 yrs ago and got a mortgage just under my spouse’s name. We then added my name in the title after closing. Do I have to get my name removed from the title before we foreclose so my credit wont be affected or…do nothing since my name is not on the loan?

Brittany

What happens if I take out a home equity loan with no plans of paying my mortgage or home equity loan back?

Tuesday, December 23rd, 2008
home mortgage loan credit
Peter U asked:


This way I will eliminate the $120,000 I owe on my 1st mortgage and grab $100,000 cash off the equity loc. They can have my house and ruin my credit for $220,000. This cannot be legal is it? I really wouldn’t do this but my wife may.

Lewis

Resident Alien with a social secutiry number in Oklahoma trying to purchase a home by getting a mortgage loan.

Tuesday, December 16th, 2008
home mortgage loan credit
Beautiful Disaster asked:


My finace is legal here in the United States from Mexico. He has a resident alien card as well as a valid social security number. We are trying to get a martgage loan on a home, but I was told by one company that since he was not a US Citizen and that since we live in Oklahoma, we can not get a home loan because people who reside in Oklahoma who are not US Citizens (although they are perfectly legal and have a valid social security card in this country) can not own any land in this state. Does any one have any help or information that they could provide me on this situation? It would be greatly appreciated.
(additional information: He works 2 job, but I do not work at all, just a SAHM..therefore I have not established much credit (only one account), so we can not put the loan just on my name.)
I was thinking the exact same thing about discrimination, but I am not sure. I am looking right now trying to find laws and regulations in Oklahoma about owning land , but so far, I have not found ANYTHING about not being about to own land in Oklahoma if you aren’t a US citizen.
and..we the mortgage company that told me this was quickenloans, I may try and contact someone else who works for them. Not sure yet what to do..if you have any advice, I need it! Thanks for your reply to my question! I appreciate it!

Kathryn