Archive for September, 2009
Tuesday, September 15th, 2009
P-Dawg asked: We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around $60,000) and then do a 2nd (Equity loan) for the rest...does doing this put us at greater risk for having to pay AMT taxes and if so, in ...
Posted in mortgage | 2 Comments »
Sunday, September 13th, 2009
Shukie L asked: hi, i am new to mortgages and related topics, but why do lenders (including those who went bankrupt after the crisis) decide to lend money to sub prime customers when they know chances are they won't be able to pay it? what lenders gain besides interests?Trane Gas ...
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Sunday, September 13th, 2009
Richardsbabygirl asked: Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon's credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the ...
Posted in mortgage | 3 Comments »
Saturday, September 12th, 2009
Ken Charnly asked: Acquiring your own dwelling is the greatest American dream. Many Americans work hard to realize this dream. Those that are able to realize this dream find it very advantageous.You already own your dwelling and even for those people who are able to acquire their dwelling through mortgage ...
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Friday, September 11th, 2009
D G asked: We will be listed as "entering foreclosure" until September, but have already made 5 consecutive payments into the forebearance plan, including a large down payment. However, in order to get our finances in order and pay education costs, we need to take out a home equity ...
Posted in mortgage | 4 Comments »
Thursday, September 10th, 2009
happydawg asked: I am asking because I am really nervous about applying for home equity for a roof starting very soon-probably next week.
My roof is leaking.Lee
Posted in mortgage | 2 Comments »
Monday, September 7th, 2009
aliveandkicking asked: I don't understand how a hedge fund can leverage into a position in low yielding asset and make any money. Where are they getting ultra cheap money?Adult Cpr Instructions
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Monday, September 7th, 2009
Deep eyes asked: what is the difference between prime and sub prime credit?Outdoor Bamboo Fountain
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Sunday, September 6th, 2009
curiousgirl asked: I need a loan & some people had suggested I look into this because of the lower interest rates, instead of using high interest (not to mention EVIL) credit cards. But it's not for a home & I don't have enough collateral for the amount I'd like ...
Posted in mortgage | 6 Comments »
Saturday, September 5th, 2009
Ladybug NH asked: We have a $200,000 mortgage on a house that is worth $300,000.
I was thinking about refinancing, but noticed that a home equity line has a lower interest rates APR.
If I take the equity line and pull out the full amount they will give me (the bank told ...
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