Monthly Archives: September 2009

Have Mortgage Delinquencies Hit Rock Bottom?

Lender411 asked: It is baffling just how many homeowners are going belly-up in their loans, especially considering that there are copious mechanisms in place to save those who are facing foreclosure or even see themselves nearing the road to foreclosure. … Continue reading

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Mortgages, True Costs Revealed – Higher Lending Charges

Liam G asked: This is a fee levied by the lender if a considerable portion of the property’s value is borrowed. Lenders generally use this money to take out insurance to cover them if the borrower defaults on the mortgage.The … Continue reading

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I’m on the title but not the mortgage how do i deal with a foreclosure?

SoSmooth asked: I currently am living in a house in which my name is on the title, but not the mortgage. The mortage holder no longer resides in the residence (due to a peace order).The mortgage holder is currently in … Continue reading

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Reverse Mortages are they clever or a scam?

Paul Ritchie asked: In the last two years, the popularity of reverse mortgages has grown enormously.I was looking at some Australian statistics yesterday and in Australia, almost $900 million worth of loans written in 2008.The trend in Australia follows huge … Continue reading

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Can you convert a 2nd mortgage to a personal unsecured loan?

Kim D asked: I have a primary mortage of $180k ($1600/mo including prop. tax over 30 yrs), a 2nd mortage of 97k (850/mo over 20yrs), and another 2nd of 27k(400/mo over 7yrs) I have a house valued at 300-310k. My … Continue reading

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