Archive for July, 2010

“The Sub-Prime Mortgage Mess and Federal Reserve Policy” - Notre Dame’s Saturday Scholar Series

Saturday, July 31st, 2010

NDdotEDU asked: Saturday Scholar Series: saturdayscholar.nd.eduGas Furnace Prices

What can a mortgage company do if I am supposed to be living in a home and I decide to rent it out?

Friday, July 30th, 2010

jaysinrd asked: I am buying a home and its with an FHA loan. The monthly payments will be easy for me to pay but I think I can rent it out for way more then the mortgage payments. So I am thinking about renting it but under FHA loans its ...

Dave Ramsey, “Pay Off Mortgage” Money Makeover - 7/10

Thursday, July 29th, 2010

100huntley asked: Dave Ramsey's book, "The Total Money Makeover Workbook", will motivate you to immediate action so you can: * Design a surefire plan for paying off all debt * Set up an emergency fund * Prepare for college funding * Maximize your retirement investing...and lots more! Truth To Go: ...

Should I keep paying my 2nd mortgage?

Wednesday, July 28th, 2010

lollipop6 asked: 1st mortgage is in foreclosure, and 2nd mortgage is also named as a defendent in this lawsuit along with my husband and I. Do I continue to pay the 2nd mortgage? What happens now?Prices On Pellet Stoves

How can I be on our mortgage without an existing credit score?

Tuesday, July 27th, 2010

schweezy7 asked: My husband and I want to apply together for a mortgage, his credit score is excellent, mine is non-existent since I have been in the US for only 3 years and have used credit cards related to my husband's account only. Is there still a way for me ...

Should I get a fixed rate mortgage if I plan to remodel right away?

Tuesday, July 27th, 2010

ounlopez asked: Hi all, I am planning to buy a house with 5-10% down, but I want to remodel the kitchen and bedroom within the next two years. I expect this will add to the value of the house, making my loan-to-value ratio closer to 80/20. Do you think I should ...

Can landlords deduct mortgage payments or just the mortgage interest?

Monday, July 26th, 2010

Doc Biz asked: I have a rental unit on my property that is included with my mortgage. Can I claim that percentage of the mortgage as a deduction (based on square footage) or just the mortgage interest? (FYI: Yes I do have a tax professional but she ...

What happens if I stop paying my 2nd mortgage, but continue to pay my first?

Sunday, July 25th, 2010

Taijens L asked: I can not pay my 2nd mortgage, what can the 2nd lending company do it I stop paying, but contiue to pay the 1st. mortgage?Bamboo Coffee Table

Central Coast Bankruptcy - Stripping the 2nd mortgage or Equity Line

Saturday, July 24th, 2010

CCBankruptcy asked: Did you know that you can get rid of your second mortgage or home equity line with a Chapter 13 Bankruptcy? Call Central Coast Bankruptcy in Salinas, CA to find out more call 831-783-0260 or visit www.centralcoastbankruptcy.com . *This advertisement is for general information only and not be ...

I just took out my first mortgage on a home. How long do I have to wait before I can refi for a lower rate?

Friday, July 23rd, 2010

Brice asked: With the average mortgage rates dropping, I am wondering if there is a minimum amount of time you have to pay on your mortgage before you can refinance? 1 year?Bass Fishing Tackle