Archive for April, 2009
Thursday, April 30th, 2009
leopardlady asked: I've heard Dems claim it is the Republican's who loosened rules so banks could make more money.
But I have also heard it was the Dems that lossened the rules so the poor could 'afford' homes (which, of course, they couldn't really afford.)
Which is true.
Both - neither ...
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Wednesday, April 29th, 2009
honeybear asked: I got a letter in the mail from the bank that says paying our mortgage payment bi-weekly instead of monthly could save us $40,000 to $100,000 in interest and reduce our mortgage term by 7 to 9 years without refinancing. How does this work?Joyce
Posted in mortgage | 4 Comments »
Tuesday, April 28th, 2009
Suzi S asked: I have a home equity loan for $100,000 locked at 7.25%. I decided to unlock it for $200 and relock it a a lower rate, only to discover the new rate was 7.35%. If I leave it unlocked the current rate is 5.49% (prime minus ...
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Sunday, April 26th, 2009
Some Guy asked: I was reading an article in the business section of the L.A. Times today discussing the result of sub primes mortgages after the housing boom. It mentioned that resulting home foreclosures would "slow the rise in rents". I'm wondering, in an economic sense, how this is possible.Custom ...
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Sunday, April 26th, 2009
davidmichigan24 asked: Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with anticipation that there home would double in 3 -5 years (Phoenix, Las Vegas are two examples)PVC ...
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Sunday, April 26th, 2009
Prerna Joneja asked: Home equity loan can be a difficult concept for the people who have never dealt with home ownership earlier. So, we define equity as the financial value of a property or business beyond any amounts payable on mortgages, liens, claims, etc. In short, home equity is how ...
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Saturday, April 25th, 2009
v V asked: What are the requirements to print money?Troubleshooting Trane Heat Pumps
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Saturday, April 25th, 2009
jermainejepri asked: I feel like the issue of the sub-prime crisis is a complex one, and to even think about its effects abroad would be very difficult without knowing its underlying, core issues. I'd appreciate it if anyone can explain to me the crux of the issue at hand and ...
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Saturday, April 25th, 2009
The House Team Of Mortgage Intellingence asked: There are many stresses associated with home buying - both financial and emotional. And frankly speaking, it doesn't help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a ...
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Friday, April 24th, 2009
The House Team Of Mortgage Intellingence asked: Next to critiquing the decorating taste of your home's previous owner, playing the "adjustable mortgage game" may rank as one of the most popular (and least pleasant) pastimes of Canadian homebuyers.
Here's how it works.
As you're exploring your mortgage options, you review the ...
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