Archive for April, 2008

2nd Mortgage?

Friday, April 25th, 2008

T M asked: What will happen with my 2nd mortgage when I foreclose on my first? Will the bank add it to my 1st? It is a tottally seperate account. How will the bank act on it?Anna

Posted in mortgage | 1 Comment »

if I transfer a 2nd mortgage to a credit card with a lower APR, can I still deduct the interest for taxes?

Tuesday, April 8th, 2008

Nostalgic asked: the rate is lower... 4.9 vs 8.5, and it is fixed. I can always leave the 2nd mortgage line open and transfer the money back if i default and they jack the rate.Lynn

Posted in mortgage | 4 Comments »

Refinancing or getting a 2nd mortgage during bankruptcy?

Wednesday, April 2nd, 2008

jafco13 asked: My friend currently has an ARM mortgage and is in bankruptcy. She needs to know if there is anyway for her to get a second mortgage or to refinance the mortgage she has right now while going through bankruptcy. I told her I didn't believe she ...

Posted in mortgage | 1 Comment »