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 I can’t pay either?

Phyllis

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 and they tell everybody that they do not sell mortgages when in fact that they do.

Shannon

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 on notice of a lender transfer, if you pay the old lender, you are liable to pay twice for failure to pay the correct lender.

Gloria

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

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

toy l asked:


I want to buy a house at the end of the year, but I want to avoid scams and round arounds.

Joan

Stuart M asked:


I know lots of people who need/want their own homes and I live in an area where even someone on a pension can afford to buy if their quick (I bought two as a disabled pensioner) as the prices are going up fast here, 10.95% in the last 12 months alone due to big coal mining operations moving into the region. I feel I would be doing a good thing helping poor families into their own home and I would be good at it, any advice as to how to make this happen would be appreciated.

Ryan

rachel_ksr asked:


Does the bank try to run the property? Or, will they just lock the doors?
It is an independently owned hotel

Derrick

murf asked:


We are currently paying around 22% of our monthly gross income and live rather comfortable. We are considering buying a new home and I want to know how much more I can afford without getting our finances to tight. Thanks!

Joanne

blueyz0602 asked:


If your mortgage/PMI/Property taxes amount to $1000/month, and you pay $500 on the 1st of the month and $500 on the 15th, will this help you gain equity on the house faster and, in turn, pay off the loan quicker? Or will it work out to be the same as making one lump sum each month?

Claudia