Monthly Archives: January 2010

Can I still apply for another mortgage loan, while having another under my name?

CP asked: Hi, I need some advice. I purchased a house three years ago for my parents/family, under my name, due to me having a better credit score(parents had their credit ruined from a previous loan). Now, my parents are … Continue reading

Posted in Personal Finance | Tagged , , , , , , , | 7 Comments

2nd Mortgage Equity

M Robert asked: At the time of selling house, when borrower receives a favorable interest rate from a lender in replace for a portion of the profits, it is known as a mortgage. In other means it is a procedure, … Continue reading

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When to Get a Mortgage Refinance

Kevin Sorbo asked: With all of the mortgage problems that you hear about in the news lately combined with the lower interest rates we are seeing today, many people are wondering whether refinancing your mortgage is a good idea or … Continue reading

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Will my ‘very poor’ credit score hinder me from being able to take out a loan?

chelsncurt asked: All of my debt is unpaid medical bills. other than that i would say i have no credit seeing as i have never paid a mortage or car payment or even credit card. My current score is a … Continue reading

Posted in Credit | Tagged , , , , , , , , , | 12 Comments

Getting divorced – need to buy my wife out of the house, what is easiest way?

natman asked: My wife and I are getting divorced. We currently owe 180K on the mortgage and we just got an appraised value of $250. I want to keep the house and buy her out of the equity which would … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , | 5 Comments