Archive for December, 2007
Sunday, December 30th, 2007
Mom of 2 great boys asked: I've asked this question before about campers, trailers, permanent sites at a camping ground in South Carolina.
I am doing alot of research here and many of my feedbacks have been negative about any bank or financial institute even considering a 2nd mortgage or loan ...
Posted in mortgage | 1 Comment »
Friday, December 28th, 2007
tenped asked: Also where can I go to find this information without having to fill out a online loan application?
My house is worth $600000, I have $120000 in equity, I want to take out a 2nd mortgage for $55,000. I'd like to know the rates currently February 15, 2007.
ThanksAmy
Posted in mortgage | 2 Comments »
Monday, December 24th, 2007
Mak asked: Bought home in October of 2006.Bought it with no money down. Did 80/20 Loan: 1st Loan 7.125% 2nd 10.5%. Interest only 5/ARM. Price was $584000 In the Los Angeles area.
Bought Home below market value, houses around my area are selling for $650K and up.How soon can I ...
Posted in mortgage | 3 Comments »
Sunday, December 9th, 2007
Single Mom asked: My 1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I have to continue to pay the 2nd? (State of Tx) Is the secondary mortgage now considered an unsecured loan? I don't understand why I'm still obligated to pay the secondary if I ...
Posted in mortgage | 5 Comments »
Friday, December 7th, 2007
No Equity asked: I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is ...
Posted in mortgage | Comments Off
Tuesday, December 4th, 2007
Batfish asked: i am purchasing the property, the bank will have 1st position and the seller has agreed to take back a note 2nd position.
i am wondering if having a second mortgage will reduce my chances of closing the first mortgage?
i want to be clear, i plan to inform the ...
Posted in mortgage | 4 Comments »
