Comments for Loan Modification Programs

Comment on I bought a house for cash, and now want a mortgage to raise money. Do I need a remortgage or a regular mortgag by And your point would be.....?

And your point would be.....? — Thu, 09 Feb 2012 08:30:59 +0000

For what you’re talking about, you would want a regular mortgage, since you don’t have a mortgage yet, but I would just go with a home equity loan. There is also something called a reverse mortgage. I’m not sure how it works, but it’s supposed to be better than the standard mortgage.
Good Luck!
References :

Comment on need to purchase home and credit is 588 what r my chances of getting mortgage. bad credit due to divorce? by Sonia

Sonia — Thu, 09 Feb 2012 08:14:59 +0000

When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years

http://best-loans.awardspace.com/homeloans.htm

http://mortgages-finance.awardspace.com/

With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified–>certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.
References :

Comment on I bought a house for cash, and now want a mortgage to raise money. Do I need a remortgage or a regular mortgag by nookie181

nookie181 — Thu, 09 Feb 2012 07:48:59 +0000

why not apply for a regular loan and use the 1st house as Collatarell? sounds like a simpler plan , to me?
References :

Comment on need to purchase home and credit is 588 what r my chances of getting mortgage. bad credit due to divorce? by frissy

frissy — Thu, 09 Feb 2012 07:24:59 +0000

#1 – Bad credit is not due to divorce. It is due to not living up to the financial obligations that you signed up for.

#2 – You do not NEED to purchase a home. You WANT to purchase a home. This unrealistic sense of need vs. want is probably what led to #1.

#3 – If you want to eventually purchase a home, go rent something cheap, and clean up the derogatory marks on your credit report. (i.e. PAY your debts.) Then, save up a reasonable down payment (20% minimum) and shop for a reasonable home. A reasonable home is one with a 15 year fixed rate mortgage with a payment of no more than 25% of your take home pay.
References :

Comment on I bought a house for cash, and now want a mortgage to raise money. Do I need a remortgage or a regular mortgag by robrobiii

robrobiii — Thu, 09 Feb 2012 07:21:59 +0000

I thought it was called a home equity loan. In any case, you don't care what it's called, you go in to your credit union and tell them what you want and they'll help you find the right loan.
References :

Comment on Can my daughter pay my home improvement loan? by kolet water

kolet water — Thu, 09 Feb 2012 07:12:59 +0000

Hello Dear,
I so your add and decided to help you.I am James Newman, a Reputable, Legitimate & an accredited money Lender.
I loan money out to individuals in need of financial assistance.
Do you have a bad credit or are you in need of money to pay bills?
i want to use this medium to inform you that i render reliable beneficiary assistance as
I’ll be glad to offer you a loan at 3% interest rate to reliable individuals.
Services Rendered include:
*Refinance
*Home Improvement
*Inventor Loans
*Auto Loans
*Debt Consolidation
*Horse Loans
*Line of Credit
*Second Mortgage
*Business Loans
*Personal Loans
*International Loans
Please write back if interested.
Upon Response, you’ll be mailed a Loan
application form to fill.
(No social security and no credit check,
100% Guaranteed!)
I Look forward permitting me to be of service to you.
You can contact me via e-mail:
morelenders@yahoo.com
Sincerely,
Mr,Robinson More (C.E.O).
References :

Comment on Can my daughter pay my home improvement loan? by ? Aloha Samo ?

? Aloha Samo ? — Thu, 09 Feb 2012 07:07:59 +0000

You are the one actually paying the loan, it doesn't matter where or how you are getting the money to pay for it.
References :

Comment on I bought a house for cash, and now want a mortgage to raise money. Do I need a remortgage or a regular mortgag by Francis Lim

Francis Lim — Thu, 09 Feb 2012 06:51:59 +0000

you need a regular mortgage loan , a re-mortgage is for those who bought a house with mortage loans from a bank. Do remember to remember to check the terms & conditions and check what are the interest rates before you sign the agreement. Look out for hidden costs as well……other financing options can be ;

1) Borrow from friends
2) Borrow from relatives
3) Rent out a room to lower your liabilities =)
References :

Comment on need to purchase home and credit is 588 what r my chances of getting mortgage. bad credit due to divorce? by Billie

Billie — Thu, 09 Feb 2012 06:41:59 +0000

hint: Divorce isn't a scored criterion. Slow pays, no pays and other derogatory items are scored.
References :

Comment on Can my daughter pay my home improvement loan? by rtfm

rtfm — Thu, 09 Feb 2012 06:29:59 +0000

Anyone can make payments on anybody’s loan that they choose to. I’ve made many an installment payment for my children at various times. All the bank or finance company cares about is that you put the correct account number on the check so they know where to credit the payment.

References :