Archive for January, 2009

Mortgages and Remortgages - Which One Will Suit My Circumstances?

Friday, January 30th, 2009

Andy Silk asked: If you're using a mortgage to buy your home but are not sure which one will suit your needs best, read this handy guide to mortgage types in the UK. Taking out a mortgage has never been easier. Fixed Rate Mortgages - the lender will set the APR ...

How can I get mortgage company to endorse insurance check before work is done?

Thursday, January 29th, 2009

Susan D asked: I have a check from my insurance company for hurricane damage. My mortgage company will not endorse the check until the work is done. I need the money to get the work done. How can I get the mortgage company to endorse the check ?Danny

Lowest mortgage rates UK - lowering the cost of mortgage

Saturday, January 24th, 2009

Aileene Woul asked: Mortgage is the most widespread industry that offered to loan borrowers with real estate as collateral. Mortgage has so many innovations and opportunities that a loan borrower can exploit them for their own benefit. You must have heard and read it elsewhere that mortgage rates are at an all time low. ...

Fixed or Variable-rate Mortgage?

Friday, January 23rd, 2009

The House Team Of Mortgage Intellingence asked: "Wow!" you say to your spouse as you hit the brakes on the car. "Did you see the mortgage rate those guys are advertising?" Your worries are over, you're thinking. Just lock in a rate like that for the next ten years, and ...

What is the difference between a mortgage APR and Interest Rate?

Friday, January 23rd, 2009

Olivia asked: My mortgage interest rate is 6.875% and the APR is 7.504% Does the APR of 7.504% sound right if the interest rate is 6.875% ? My mom said that the 2 numbers should be closer together than that. Also, my mortgage banker never even mentioned an APR, and ...

How often do mortgage comapnies use the 4506 t form to very info. Always or hardly ever when buying a home?

Thursday, January 22nd, 2009

james w asked: If you provide the mortgage company with all the requested info do they typically follow up on that. Does it vary from company to company or is it a common practice for them to execute the 4506t form. Also, has anyone everheard of first choice ...

Make a Mortgage Broker Part of your Financial Plan

Wednesday, January 21st, 2009

The House Team Of Mortgage Intellingence asked: For most Canadians, buying a home is the largest financial decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios than to scrutinize their mortgage choices. The mortgage ...

How much mortgage debt is there in the USA?

Wednesday, January 14th, 2009

PrimeConcern asked: Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let's say there are 75 ...

How do you pay your mortgage or rent when you retire?

Monday, January 12th, 2009

kimberbenton asked: I am 28 in the UK. I haven't got a mortgage. When I am retired and living probably in private rented accommodation, who pays the rent? Or what about if you haven't finished paying off your mortgage but have to retire? I'm planning for my future! I am probably ...

Is it possible to get a mortgage for a house if I am unemployed?

Monday, January 12th, 2009

Mike asked: Let me be specific: I have 130,000$ cash, but am unemployed. I received this money as an inheritance. I intend to buy a house with several floors and tenants. Is a mortgage possible in my case? My intention is to at first keep payments going for the mortgage ...