Loan Modification Programs

60 Second Mortgage Tip: Low Advertised Interest Rates Fact or Fiction?

admin — Thu, 09 Feb 2012 21:34:09 +0000

http://www.amerifirst.com/
This is your :60 Mortgage Tip with AmeriFirst Home Mortgage. With mortgage interest rates at historic lows, be wary of ultra-low advertised rates. Listen to this story about how a real lender was able to advertise a VERY low interest rate because of the up-front fees it charged.
Subscribe to the blog: http://blog.amerifirst.com/subscribe/
Music: Disinegrating in the Clouds from Dan-O Songs http://www.danosongs.com/

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Zero Down Mortgage Loan – Bad Credit OK

admin — Thu, 09 Feb 2012 21:34:07 +0000

http://www.CashMoneyQuick.com Bad Credit OK! Zero Down Real Estate Mortgages! FREE Ebook helps you Find MILLIONS in Private Money FAST for Real Estate Investing! Get your FREE ebook now…

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Unsecured Home Improvement Loans North Carolina

admin — Thu, 09 Feb 2012 21:34:05 +0000

Xpress Financial Unsecured Home Improvement Loans
Choose from a wide range of unsecured home improvement loans amounts and terms available only through XpressHomeImprovementLoans.com

Duration : 0:0:50

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Remortgage deals uk

admin — Thu, 09 Feb 2012 21:34:02 +0000

http://mmibrokers.com/
mmi brokers are a national, independent whole of market mortgage brokers and mortgage advisors. Contact us and one of our dedicated consultants will get back to you promptly for a free consultation. Or call (020) 7193 3966 and speak to us

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Isn’t a second mortgage included in the approval process of a short sale?

admin — Thu, 09 Feb 2012 04:32:46 +0000

My daughter sold her house under the ‘short sale’ guidelines. She had a second mortgage on the house. She was led to believe that when she was approved for the short sale that it included an approval by the second mortgage lender. Now she is being told that she owes a huge chunk of money. She was never given this information by her real estate agent. Shouldn’t the second mortgage lender have approved of the short sale before the final closing? Does she have any recourse?

Your daughter is the first of many whom I’ll afraid are going to deal with this.

The short sales was agreed to by the first and the 2nd mortgage holders, but the fine print is VERY important. The banks agreement does NOT mean that they are willing to forgive the additional debt owed, it just means that they are willing to allow your daughter to sell the asset vs foreclosing on it.

The fine print states if the bank still holds the borrower liable for any shortfall. If it states that the bank released her from liability, then call the collection agency and fax them a copy.

I’d recommend you have the paperwork reviewed by a real estate or bankruptcy lawyer. They can tell you very quickly if the bank did everything right, or if there is a loophole. If they did to it right, and didn’t release deficiency, she’ll have to deal with paying something. It that case hiring a lawyer to negotiate the smallest payment would be recommended. (AKA she can negotiate paying less then the full amount).

Good luck!

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

admin — Thu, 09 Feb 2012 04:32:36 +0000

strong opinion! ex cleaned out my acct of 25k without my knowledge, my credit cards-he was authorized user, i walked away with debt incurred by other, loans to repay, etc. i was not financially careful. i pay $1400. in rent now. why not purchase?

#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.

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Can my daughter pay my home improvement loan?

admin — Thu, 09 Feb 2012 04:32:26 +0000

I do not live in my house where the home improvement was taken out. The loan is in my name only. My daughter now lives there and pays me the home improvement payment to me and I pay it to the lender. Is this legal? I believe I asked the wrong question. My lender is Citi-fianial.. Please help. Sry about the last question. Keep it simple lol ty much! Hugs

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.

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

admin — Thu, 09 Feb 2012 04:32:12 +0000

As the questions says… I just bought a house and want to get a mortgage to pay back my parents who loaned me the cash to top up my purchase. I am confiused, however, do I require a regular mortgage or a remortgage?

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!

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What is a second mortgage?

admin — Mon, 06 Feb 2012 23:47:53 +0000

John Goede, Goede & Adamczyk PLLC, http://www.floridacommunitylaw.com/ – (239) 260-4675. Florida Mortgage Law FAQs: http://thelaw.tv/naplesfortmyers/Mortgage+Law Disclaimer: http://thelaw.tv/naplesfortmyers/About/disclaimer

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Credit Ratings & Bad Credit : How to Buy a House With a Bad Credit Score

admin — Mon, 06 Feb 2012 23:47:50 +0000

Buying a house with a bad credit score can be done by finding a desperate seller who needs to get rid of the house and is willing to negotiate, and any house with a “for sale” and a “for rent” sign is a good place to start. Negotiate with the seller of a home to lay out the terms of a lease or mortgage with advice from a credit repair consultant in this free video on personal finance.

Expert: Stetson Lowe
Contact: stetsonlowe.typepad.com
Bio: Stetson Lowe is a credit repair expert. Known as the “mortgage insider,” Lowe assists increasing credit scores for the most challenging of clients.
Filmmaker: Paul Kersey

Duration : 0:3:24

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