Archive for April, 2010

If Mortgage Rates Can Fall Through the "floor" of the Prime Rate.what Else is Under the Floor?

Thursday, April 29th, 2010

The House Team Of Mortgage Intellingence asked: "Lower than prime," you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible "floor" of lending rates. The very best customers can get very close to ...

How do i find a job as a mortgage loan officer without any mortgage experience?

Wednesday, April 21st, 2010

dre_gh asked: I currently work in a distribution center, and i have a bachelors in economics and psychology. I am interested in becoming a mortgage loan officer so i took a 24 credit hour course in residential mortgage lending but unfortunately i haven't been able to find a job because ...

Can a mortgage company file a 1099 when you are in default without a summary jugement?

Monday, April 19th, 2010

mexlin asked: We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.Making Money With Vending Machines

Homeowners Foresee Long-term Mortgage Commitment

Sunday, April 18th, 2010

Tml-mortgages asked: More than a third of homeowners predict they will be nearing retirement before they own their own home, new research suggests.Responding to a One Account survey, 36 per cent of homeowners predicted they would be at least 60-years-olds before they paid off their mortgage.A further 20 per cent ...

What happens to a second mortgage when a home is purchased at a foreclosure auction?

Saturday, April 17th, 2010

buad0118 asked: I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if ...

What happens to the second mortgage when the first mortgage forecloses?

Friday, April 16th, 2010

Painted Jezebel asked: I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.Online Cpr Certificate

How to deal with a 2nd mortgage that has been sent to collections?

Friday, April 9th, 2010

Chochi asked: I'm currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have ...

How do you get the best mortgage deal?

Thursday, April 8th, 2010

Artist at Heart asked: We have been pre-approved by a mortgage company. The mortgage company has recommended a real estate agent. I am a little leary of going with this real estate agent, however, because, being a first time home buyer, I need a lot of guidance. ...

Tips for identifying best mortgage rates

Tuesday, April 6th, 2010

Sarah Johns asked: Identifying the best mortgage rate is not very easy. There are various other factors to be considered to identify the best mortgage rate.You can identify the best mortgage rate based on the interest rate, the time duration for which you wish to hold onto the mortgage, the ...