Archive for May, 2010

Getting a Colorado Mortgage Rate Quote

Saturday, May 15th, 2010

1st American Mortgage asked: If you are looking for a Colorado mortgage rate quote for a Colorado mortgage loan, then there are many places to go. Of course there are many ads for different Colorado mortgage lenders that are based in the state and around the country. But for a ...

How does rental income on a 1st mortgage affect mortgage affordability on a second home?

Thursday, May 13th, 2010

Ronaldo asked: For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to my ...

How much mortgage debt is there in the USA?

Thursday, May 6th, 2010

PrimeConcern asked: Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let's say there are 75 ...