Archive for the ‘home mortgage’ Category
How can I legally erase credit card debt and/or home mortgage?
I want to know if the law provides for a way to erase credit card debt legally, and if there is a legal way to erase a home mortgage.
You can look into filing bankruptcy. It will be a huge negative mark on your credit report and can remain for up to 10 years. However you can still get credit after your bankruptcy. It will be harder, but not impossible.
Tucson Home Mortgage Update 3-8-10
http://www.tucsonmortgageblog.com Todd Abelson and Tyler Ford’s Tucson Home Mortgage Update
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[Home Mortgage Income] $11K/Mo Home Income Secrets!
home mortgage income, home equity income, income working from home, second home income, generate income from home, at home income opportunities,
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Do credit unions really have the best deals on a home mortgage?
From the research I’ve done, the rates seem quite a bit better than most other banks. Is there a downside to getting a home mortgage from a credit union? Why wouldn’t everyone do it if the rates are so much better?
The credit union is a member owned type institution, so there might be some rate savings.
You must remember the way the mortgage business work.
Some banks and credit unions only have a few mortgage products available. This is based on the make up of your managers of your credit union or bank.
Some of these managers are very conservative therefore they will not offer any mortgage products except the ones they consider less riskier. They have a way of getting money to loan to their clients as long as they don’t have an over abundance of negative assets on their books, that they can borrow from the federal reserve at very low rates to them.
Then you have mortgage brokers and some mortgage bankers, they don’t have any money nor away of getting any so they qualify and get approved by wholesale lenders that do business with them.
They can get qualified and approved by as many of these wholesale lenders as they can.
Based on the wholesale lenders critiera these mortgage bankers and brokers are allowed to act as a go between for clients that want to borrow mortgage money.
These brokers/bankers are paid based on points they can charge up front or whatever the wholesale lender will give them called backend points. They mitght also charge a fee that is normally limited by the wholesale lender.
These mortgage brokers/bankers are normally competitive with other banks or credit unions. They could have mortgage products your bank or credit union might not have or because of your bank or credit union management would not consider offering to their clients.
If your credit union or bank can not get you a mortgage chances are you are through with them and your mortgage request is pretty much dead.
With a mortgage banker/broker if they can not get one underwriter to underwrite a mortgage request they simply send the mortgage request to another underwriter using the same credit report and appraisal.
I hope this has been of some use to you, good luck.
"FIGHT ON"
How long can I get a mobile home mortgage?
I’m getting a divorce and eventually moving out, and I don’t really want to throw money away on rent. I’m thinking of buying a mobile home (because they’re inexpensive) but was wondering if I can get a full 30-year mortgage on one, so I can keep my payments as low as possible? (And no mobile home jokes, ok??) 
Yes You Can get a federally insured mortgage for 30years I do them – email me
Big Island Homeowners Bargain Home/Credit Ratings
Hawaii homeowners are being given one more chance to save either their home or credit ratings.3/2/2010.
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Tucson Home Mortgage Update 3-1-10
http://www.tucsonmortgageblog.com Todd Abelson and Tyler Ford’s Tucson Home Mortgage Update
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How can I add my sons name to my home mortgage?
If something should happen to me I want him to be able to stay in the home and continue making the mortgage payments. He has been living in the home for the past 3 years and making the payments. I was told I can only make him executor of my estate, but that doesn’t do what I want.
You cannot just "add" someone to a mortgage. You will probably have to re-finance. If you did this:
You would not be able to claim all the mortgage interest deduction, your son would have to claim a part of it.
If you default on your mortgage, it will go against your son.
If he wanted to live somewhere else, this would count as his debt.
Are you giving him a share in the ownership? If yes, there could be gift tax implications now or capital gains taxes in the future after he inherits.
I would talk to a real estate lawyer first. Consider having enough life insurance to pay off the mortgage as an alternative.
Mortgages Explained by Vancouver Mortgage Broker – What NOT to do when you buy a home
www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains the one thing you absolutely must not do before you buy a home
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What does it mean when the company that you pay your home mortgage files for bankruptcy?
I pay my home mortgage to American Home Mortgage and I just saw online today that they are filing for bankruptcy.
it means nothing to your obligation to pay. keep paying on time and in full.
the loan will belong to someone after all the dust settles and they’ll still want all the money promised.
there may be paperwork fun for AHM, its trustee in bankruptcy, etc. .. but that isn’t your worry.
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Btw, most of the mortgages outfits like this service are actually sold to someone else … you simply aren’t told of that because you do not need to know — the servicing outfit handles it.
it may be that a new servicing outfit will be chosen somewhere down the road. if this happens, you’ll be told in writing in plenty of time to change the name and address you send your payments to …
if/when that happens, I recommend continuing to put AHM’s name on the check for a few months but to use the new address. If it really has been transfered to the new outfit, they’ll have authority to use AHM’s name for a bit. If it is a scam on ‘official’ letterhead, the scammer will have to lie to his bank to get the money and then you’ll be able to get it back afterward.
Can’t be too careful these days, i’m afraid.
