Archive for March, 2010

What reverse mortgage company should I work for?

Monday, March 29th, 2010

TJS asked: I've been looking into these a lot lately, but I'm having a hard time deciding what company to work with. Anyone work for one - or have a reverse mortgage - that they can recommend?Concrete Floor Paint

How does making your mortgage payment bi-weekly save you money?

Thursday, March 18th, 2010

honeybear asked: I got a letter in the mail from the bank that says paying our mortgage payment bi-weekly instead of monthly could save us $40,000 to $100,000 in interest and reduce our mortgage term by 7 to 9 years without refinancing. How does this work?Troubleshooting Trane Heat Pumps

Residential Mortgages (part 1)

Monday, March 15th, 2010

Donna Elizabeth Lewczuk asked: a residential mortgage in today's market can seem like a daunting task. The borrower can be faced with a myriad of choices. Each lending institution presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each ...

If mortgage bonds are secured corporate bonds then how did the subprime bubble happen?

Saturday, March 13th, 2010

kmm asked: I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.Pet Cpr Training

What to Expect From a Jumbo Mortgage Loan

Monday, March 8th, 2010

1st American Mortgage asked: Jumbo mortgages are not so different from standard mortgages but there are a few key things that are worth looking in to.Jumbo Mortgage LoansA jumbo mortgage loan is a loan taken for property that is high-priced.. In Colorado, as in most of the U.S., a jumbo ...

Benifits to the FHA mortgage outweigh any other mortgage loan

Monday, March 8th, 2010

Florida Mortgage asked:  The FHA mortgage loan is a loan insured by the Federal Housing Administration and may be issued by federally qualified Florida mortgage lenders. FHA loans historically allowed lower income Americans to borrow money for the purchase of a Florida home that they would not otherwise be able ...

2nd mortgage Foreclosure: How long is the delay to put it on your credit?

Friday, March 5th, 2010

hruss7 asked: We paid off a 2nd mortgageforeclosure before it went through. We continued to pay on our first mortgage with no problem. The attempted forclosure was not on our credit report until we refinanced with a new mortgage company. Is this fair? It looks suspicious that it only appeared ...

Fast-tracking to Mortgage-free

Friday, March 5th, 2010

The House Team Of Mortgage Intellingence asked: Just imagine  as you're going through your favourite coffee drive-thru this week  that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We'd take the cash. It's not so far-fetched. In fact, if you ...

How can I get mortgage company to endorse insurance check before work is done?

Tuesday, March 2nd, 2010

Susan D asked: I have a check from my insurance company for hurricane damage. My mortgage company will not endorse the check until the work is done. I need the money to get the work done. How can I get the mortgage company to endorse the check ?Kitchen Cabinet Organizers

Your Mortgage Could be a Goldmine of Potential Savings

Tuesday, March 2nd, 2010

The House Team Of Mortgage Intellingence asked: "A penny saved is a penny earned"... or so the old proverb goes. Of course, the value of a penny has changed somewhat from the time when your mother offered her wisdom on the value of keeping what you earn. Today, you could ...