Category Archives: Renting & Real Estate

I have a first and second mortage. I am trying to sell but no offers. What happens if I stop making payments?

Posted on October 26, 2010 by admin

Andrew M asked: First mortage $525,000. RE fee’s and closing cost total 6.5%. Second mortage $68,000. I have the house listed at $540,000. No offers. I am out of money. I have just enough to live. What will happen if … Continue reading →

Posted in Renting & Real Estate | Tagged , , | 9 Comments

What is the best way to get out of a mortage company that is beyond reasonable?

Posted on October 18, 2010 by admin

iceprincess06 asked: EMC Mortgage company by far is the worst place to have your home loan land in. they never post any payments in a timely manner. They have very rude customer service people. I have tried to get out … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , | 3 Comments

When do Countrywide Mortage Payments need to be made to B of A?

Posted on October 16, 2010 by admin

sunshine951951 asked: Bank of America recently purchased home loans from Countrywide. Since B of A now owns the loans, when do mortgagors have to start paying B of A instead of Countrywide? I’m wondering because under law once you are … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , | 6 Comments

What is the difference between a bank and a mortage company when applying for a mortage?

Posted on October 9, 2010 by admin

pokaplaya asked: I am considering a mortgage and am concerned about getting ripped off from a mortgage company.{not that banks are much better}.But,anyway, can somebody tell me the best way to go and what to watch out for……….thanks.Georgia

Posted in Renting & Real Estate | Tagged , , | 2 Comments

Can anyone tell me approximately how much should the household income be to get a mortage loan for $300K?

Posted on October 8, 2010 by admin

Red C asked: How do the lenders determine how much loan to give to a borrower? Is it based on credit score, or income, outstanding loans etc?Christine

Posted in Renting & Real Estate | Tagged , , , , , | 9 Comments