Archive for June, 2008
Tuesday, June 24th, 2008
Cherie D asked: We need to obtain a 2nd mortgage of $25,000 on our home to basically pay of a bad loan. We went to a comapny and borrowed money and now they are charging 31.99% in interest, we'd like to clean up our 2 credit cards and pay back ...
Posted in mortgage | 3 Comments »
Tuesday, June 24th, 2008
mcoopd1 asked: I ask this because most lender said I have to refinance my 1st in order to pay off my 2nd, but if I do that because of my low credit score my interest will go way up and it will double what I am paying now. Is there ...
Posted in mortgage | 1 Comment »
Friday, June 20th, 2008
mickeytchs asked: Total I brought the house for 87000 and I owe about 85000 total between the two mortgages. First mortgage has an itnerest rate of 9.5% and the 2nd is about 12%. Is this a good time to refinance. In total I am paying between 750-800 a month (not ...
Posted in mortgage | 15 Comments »
Sunday, June 15th, 2008
gsproducts94 asked: Hello,
Are there any mortgage companies that will do a refi if your late 3 months on your 2nd mortgage? Thank you for your time.Ted
Posted in mortgage | 3 Comments »
Sunday, June 15th, 2008
the_hankster751 asked: Also, the original loan was for 18 months at 10.5% interest. It was due in 2003. It was never paid and I was wondering if the title company would be responsible for interest for the last 5 years. It was recorded.Sam
Posted in mortgage | 5 Comments »
Saturday, June 14th, 2008
kelbean asked: I have a client that has two mortgages - first for 127,000 and a second for 15,000. The client wants to let the 2nd go 60 days late but is worried. I don't know about these things, so I wanted to see if any of you ...
Posted in mortgage | 2 Comments »
Wednesday, June 11th, 2008
claudia asked: My credit report shows the account as paid and closed, but the lender is calling because they want their money. I received a 1099A on the first loan already but not on the second loan, what can I do?Renee
Posted in mortgage | 4 Comments »
Sunday, June 8th, 2008
merk asked: My husband and I owe about $98K on our house. Before we got married, he took a $40K second mortgage on the house to pay for graduate school. We are only paying the interest on the 2nd mortgage, at about $350 a month. We are planning to sell ...
Posted in mortgage | 6 Comments »
Sunday, June 8th, 2008
Christine L asked: I have a great fixed rate on my first mortgage 4 3/4%, however I am paying about 11% on my second. Are there any companies out there that will refinance only the 2nd? And how does equity come into play with this, the CA housing market is ...
Posted in mortgage | 3 Comments »
Friday, June 6th, 2008
Angela A asked: I'm specifically looking for what happens in the case of default on the 2nd mortgage when the 1st mortgage is not in default.Vera
Posted in mortgage | 4 Comments »
