Archive for February, 2009

1% Mortgage Refinance - How?

Saturday, February 28th, 2009

Tristan Hunt asked: 1% Mortgage Refinance loans, you've probably seen 100 different advertisements, but how is it possible? There is really only one big secret to 1% mortgages: 1% minimum payments are below the interest payable on the loan. Once we've addressed this feature, most of the other facets of ...

Advantages of an Adjustable Rate Mortgage

Saturday, February 28th, 2009

Brian Jenkins asked: Adjustable rate mortgages have taken a bad rap in the latest mortgage crisis. Financial pundits from all ends of the spectrum blame the irresponsible use of adjustable rate mortgages and hybrid adjustable rate mortgages for the increasing number of home owners who are delinquent or in foreclosure ...

Millions Rely On Fictional Mortgage Benefit

Monday, February 23rd, 2009

Tml-mortgages asked: Around 3.85 million home owners believe that a non existent state benefit will enable them to keep up with mortgage repayments in the event of losing their income. Almost one in ten home owners wrongly believe that the government will pay their mortgage if they are unable to do ...

Why is my mortgage company not paying my tax bill when I have escrow?

Friday, February 20th, 2009

SJS asked: My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service. I paid the bill myself, because it is over six months late and I risked being put ...

Denver Mortgages: More Than the Best Rate

Thursday, February 19th, 2009

1st American Mortgage asked: Ask Denver mortgage loan providers what would-be borrowers want to know and the answer is simple. Those who are shopping for mortgage loans in Denver want to know what their rate would be for a Denver mortgage. But for the average mortgage lender, the answer is hard ...

How does reworking a mortgage affect my credit score?

Wednesday, February 18th, 2009

Greatone76 asked: I could use the help of potentially reworking my mortgage to be more affordable. It is possible for me to get by without doing so. If I do call my mortgage holder and rework my mortgage for a reduced interest rate or reduced principle how does ...

Mortgage Security not That Costly

Sunday, February 15th, 2009

The House Team Of Mortgage Intellingence asked: Forget everything you thought you knew about the benefits of taking a variable-rate mortgage instead of locking in for the long term. A new study suggests the security of a five-year mortgage costs little or nothing beyond a riskier variable-rate mortgage, providing you get ...

How do I become a mortgage broker or mortgage agent in California?

Sunday, February 15th, 2009

Nelson asked: I am fresh out of a college. Not just any college; a community college. And I need step by step how to become a mortgage broker or mortgage agent please. Thanks alot.Claudia

What can I do about a mortgage company checking my credit without my permission?

Thursday, February 12th, 2009

ripple_in_still_water_27 asked: Ok...I get a call from a lady saying my mortgage company assigned her my file and that she could get me a lower interest rate. Well great, I said to tell me what she could do. Never did I give her my or my husbands social ...

How do mortgage companies determine which credit score to use?

Thursday, February 12th, 2009

Melissa T asked: With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?Roberto