December 25th, 2008
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
Tags: Consolidate Loan, Existing Mortgage, Home Equity Line Of Credit
Posted in Renting & Real Estate | 6 Comments »
December 25th, 2008
jamiet95608 asked: I’m thinking of buying my first home next year in sacramento. I’m hoping to see a significant drop from current prices. I make the median income (~$54,000). In 1 year, I’ll have ~$35,000 in savings and ~$5,000 in my 401k. I’m 23 years old and have been working at my job for 1 year now. I currently have a credit score of 780. My only debt is $8,000 in student loan at 4.5% interest. I’m willing to make monthly payments of ~$2,200. I might move in a few years. What kind of a loan can I get? Which programs are best for my situation?
Thank you for reading.
Joan
Tags: 401k, Loan Programs, Student Loan
Posted in Personal Finance | 3 Comments »
December 24th, 2008
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
Posted in Renting & Real Estate | 3 Comments »
December 23rd, 2008
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
Tags: 1st Mortgage, Home Equity Loan, Mortgage Loan
Posted in Renting & Real Estate | 7 Comments »
December 21st, 2008
denise530@sbcglobal.net asked: My husband and I have bad credit well I should say I have bad credit he really has no credit, we thought we had a loan even had the house appraised and a closing date a day before the closing the mortgage lender said sorry now were out all this money and have no home, what can I do can anyone help me no Money down probably for about 100,000 dollars PLEASE HELP
Claude
Tags: Bad Credit Home Loan, Money, Mortgage Lender
Posted in Credit | 11 Comments »
December 16th, 2008
coupleofbeachbums asked: My wife and I have no home mortgages, car loans, credit cards or any type of debt. We make about $50K a year.
Ramon
Tags: Best Way To Rebuild Credit, Car Loans, Home Mortgages
Posted in Personal Finance | 5 Comments »
December 16th, 2008
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
Tags: Discrimination, Laws And Regulations, Mexico
Posted in Renting & Real Estate | 3 Comments »
December 14th, 2008
jmpoct03 asked: my boyfriend and i have bad credit but we own a $85,000 home with no mortgage. the house is paid for. we were looking into getting a home equity loan to pay some back bills off and do home improvements. is there anywhere that we could get a loan even with bad credit?
Todd
Tags: Home Equity Loan, Home Improvements, Mortgage
Posted in Renting & Real Estate | 4 Comments »
December 11th, 2008
Tracy C asked: I have been trying for several month to get a loan for a new home, but I have had no success at all. Everybody that I contact or apply with give me the same answer all the time, which is ” Sorry we can’t help you at this time due to your poor credit rating. If no one will give you a chance then how can you fix your credit situation? I have been employed for the past five years with the same company. I don’t make a whole lot a year. I make about $40,000 a year. I think I can afford a new mortgage. I would like for my children to grow up in a better situation than I did. I admit I have made some mistakes financially, but are those mistakes going to haunt me forever? I just want a chance to live the American dream of home ownership. Please don’t mention credit repair, I have tried those companies and my credit sitiuation is was worse after I finished the repair program. If you do not have positive input please don’t respond to this question. Rip-off artist need not respond.
Alvin
Tags: American Dream, Loan With Bad Credit, Whole Lot
Posted in Personal Finance | 7 Comments »
December 10th, 2008
mommykins asked: Does anyone know where is the best place to go for a 1st time home loan when the credits not so perfect? I live in Illinois
Ann
Tags: 1st Time Buyers, Home Loan, Mortgage Loans
Posted in Renting & Real Estate | 6 Comments »
