Archive for the ‘Renting & Real Estate’ Category

reliant asked: The money would include the mortgage balance, fees, and any other costs associated with the foreclosure. Is it a general practice for lenders to seek money from borrowers if the home sells at auction and the lenders not getting their full asking price that would recoup their potential loss?

ewushi asked: I understand that some law prohibits mortgage lenders from giving ARM to people over certain age. I am 54 years old and I am struggling with this rate now. Someone told me I could use this fact to persuade my lenders to reduce my interest rate, or to move me to a fixed [...]

Spaghetti asked: I’m thinking about re-financing,but the more lenders I talk to,the more confusing it seems to get.I need to find a lender who is honest and a straightshooter.I’m tired of these guys who only think for themselves first.The rates seem to be great,but then those closing costs are absolutely rediculous.Any lenders out there who [...]

Atlas asked: I am buying a home and am comparison shopping among different mortgage lenders. The usual big names like Countrywide, Bank of America, Citibank etc have higher rates than the lesser known/unheard of places. How can you know which ones are reputable and which ones to stay away from? Specifically wondering about Liberty, Alpine, [...]

eltoro asked: I have done residential mortgages in the past, and would like to get into Commercial loan brokering. If I could find some inexpensive materials that would teach me how to evaluate a loan or put together a package, etc…it would be tremendous.

Jaysh asked: I would like to borrow a large sum ($100,000) to build a house. Is there any lender that would accept a payment scheme based on yearly payments rather than monthly payments? For example, I could pay $10,000. every April 15th until the loan and interest were paid. Does anyone know [...]

Ryan T asked: Sell at the market rate? Auction? Go into the property management business?

crytle asked: My husband and I are in the process of buying our first home. A realtor recommended a loan agency to us to get our pre-qualification letter. I can’t find any information on the internet about this company. She wants to meet with us tomorrow night (in her home I might add). I’m extremely [...]

josh m asked: When they give me a good faith estimate or when I’m under contract with a home?

stephanie s asked: We are going to apply for a home equity loan so we can put a pool in.Should we apply with our current mortgage company or someone new. Does it matter?