Archive for December, 2009
Sunday, December 27th, 2009
Bruce Owens asked: Understanding what mortgages are and how they work can be mystifying for first-time homebuyers faced with the need to get financing to purchase their first home. Technically, the type of mortgage that home buyers use to get a loan to purchase a home is a contractual instrument ...
Posted in mortgage | Comments Off
Saturday, December 26th, 2009
JV asked: I'm a creditor whose debt is secured by a real mortgage. I've received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined ...
Posted in mortgage | Comments Off
Wednesday, December 23rd, 2009
hmmmmm asked: I have an established relationship with Bank of America however there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or lender and they go bankrupt or get bought out by another company? Does ...
Posted in mortgage | Comments Off
Monday, December 21st, 2009
Andrew Black Mortgages asked: There are lots of things to consider when switching your mortgage from one company to another. Usually people switch their mortgages in order to get a better interest rate, so money is typically of utmost importance in these situations. For this reason, ensure that you are ...
Posted in mortgage | Comments Off
Sunday, December 20th, 2009
Alberto M asked: The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary ...
Posted in mortgage | Comments Off
Friday, December 18th, 2009
The House Team Of Mortgage Intellingence asked: Contrary to what you may think, you don't manage your credit applications and payments in a vacuum. Your credit behavior (as some have learned the hard way) is tracked by credit bureaus such as Equifax Canada and TransUnion of Canada.This information is tabulated, ...
Posted in mortgage | Comments Off
Tuesday, December 15th, 2009
melinamenny asked: Most people refinance their mortgage loan when it is up for renewal from its term. Mortgage loans come in a variety of terms, anywhere from six months to 10 years at a time, amortized over 25 to 50 years. Each term of a mortgage loan is its own ...
Posted in mortgage | Comments Off
Friday, December 11th, 2009
holder_account asked: How does a mortgage work when dealing with tax returns?
Do we get back all the interest that we pay off or a certain percentage?
Please provide backup in your answer.Pet Cpr Training
Posted in mortgage | Comments Off
Tuesday, December 8th, 2009
The House Team Of Mortgage Intellingence asked: For many people, mortgage payments are their single largest expense. Yet, when financing a home, most Canadians don’t comparison shop to ensure they’re getting the best mortgage rate and terms available. This mistake can cost homeowners tens of thousands of dollars over the ...
Posted in mortgage | Comments Off
Friday, December 4th, 2009
The House Team Of Mortgage Intellingence asked: Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 "bubble" in many areas of the country. That's good news for ...
Posted in mortgage | Comments Off
