Archive for May, 2010

Mortgage Plain-talk: What’s the Difference Between "amortization" and "term"?

Monday, May 31st, 2010

The House Team Of Mortgage Intellingence asked: There are many stresses associated with home buying - both financial and emotional. And frankly speaking, it doesn't help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a ...

How can I get a mortgage if I have credit score under 400?

Saturday, May 29th, 2010

LadyCatherine asked: Most of the mortgage companys I have tryed will not give me a mortgage because I have a credit score under 400. They say they will not help anyone with out having a credit score over 500. I have a fourclouser on my credit and a really ...

Can I get a refinanced mortgage if i start a home business with no employees and still work my regular job?

Saturday, May 22nd, 2010

sammus asked: I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. ...

How can I take out a mortgage on a property to start flipping foreclosures?

Friday, May 21st, 2010

Michael N asked: I have never had a job. I am self-employed with ample cashflow to make mortgage payments, but no bank I have asked will let me take out a mortgage without two years of tax returns. Correct - I don't read / watch the news. I wouldn't be so ...

The Real Cost of your Cash-back Mortgage Option

Wednesday, May 19th, 2010

The House Team Of Mortgage Intellingence asked: If you look at the most stressful events in a person's life, buying a home is on the top ten list. After all, it's a big decision - both emotionally and financially. Many home buyers go through an anxious period after they've arranged ...

Do I have to itemize deductions to deduct mortgage interest on a house?

Wednesday, May 19th, 2010

Ashutosh G asked: I am planning to buy a house in the state of washington in year 2010. Since I don't have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.High Efficiency Gas ...

Make a Mortgage Broker Part of your Financial Plan

Tuesday, May 18th, 2010

The House Team Of Mortgage Intellingence asked: For most Canadians, buying a home is the largest financial decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios than to scrutinize their mortgage choices. The mortgage ...

Getting Help With the Tom Martino Troubleshooter Mortgage

Monday, May 17th, 2010

1st American Mortgage asked: Tom Martino has been an advocate of consumer rights for more than 30 years. Now, Tom Martino mortgage help is being offered trough the Tom Martino troubleshooter mortgage referral system.The Tom Martino troubleshooter mortgage referral system has grown out of Tom Martino’s troubleshooter.com and referrallist.com. The ...

What is used to calculate the 31% for mortgage restructuring?

Sunday, May 16th, 2010

Josh L asked: What is used to calculate the 31% for mortgage restructuring? My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?Alcoa Vinyl Siding

Understanding Reverse Mortgages

Sunday, May 16th, 2010

MLS Reverse Mortgage asked: Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face.Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist.  Even those who have ...