Category Archives: Q&A

If someone refinanced their home a few months ago, but lost there job later and can’t afford the home?

by Superrad_ Question by curious: If someone refinanced their home a few months ago, but lost there job later and can’t afford the home? On a 1st Mortgage, what does the bank do, if someone refinanced their home afew months … Continue reading

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Q&A: Is it possible to buy my own mortgage at a discount?

Question by great_and_mighty_adam_levine: Is it possible to buy my own mortgage at a discount? I have one of those loans that banks don’t want anymore. It’s a 5-year interest-only ARM. However, I bought this on purpose, and have the ability … Continue reading

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Is buying rental property a good or bad idea?

Question by Kirk A: Is buying rental property a good or bad idea? I was considering refinancing my mortgage and taking an additional 40k out as a down payment to buy a rental house. Is this a good idea? What … Continue reading

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Q&A: We have an FHA mortgage at 5.625% Is now a good time to refinance our mortgage?

Question by Amy S: We have an FHA mortgage at 5.625% Is now a good time to refinance our mortgage? I live in Allegheny County in Pittsburgh PA. The ultimate goal is to save money on our mortgage. We have … Continue reading

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Q&A: What options are available for those of us paying our mortgage but hm is now worth less than the borrowed amt?

Question by Krista C: What options are available for those of us paying our mortgage but hm is now worth less than the borrowed amt? I bought my home 2 years ago for $ 339,000, it was appraised at that … Continue reading

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Q&A: who is going to be awarded the monies from ameriquest settlement?

by truliavisuals Question by patiently waiting 123: who is going to be awarded the monies from ameriquest settlement? I had a mortgage with this co and opted to refinance–due to what I believed was bad practices on their part. Best … Continue reading

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I need to refinance my 2 homes, but I have a high debt to income ratio. Are there any serious lenders to help?

by spike55151 Question by angiemcp2: I need to refinance my 2 homes, but I have a high debt to income ratio. Are there any serious lenders to help? My credit score is average but not bad. I’m having a hard … Continue reading

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Can a home loan modification reduce the monthly payment dramatically?

by J Anthony Is Question by MC: Can a home loan modification reduce the monthly payment dramatically? has anyone had their mortgage loan modify? we pay 1000 a month for our house. is it possible to get it modify to … Continue reading

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Q&A: I refinanced my home. After closing, why didn’t the mortgage company pay my county tax bill?

Question by homer simpson: I refinanced my home. After closing, why didn’t the mortgage company pay my county tax bill? I refinanced my home this year. Part of the closing costs included my bill for county taxes. A month later … Continue reading

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Why does the Government keep saying we are able to refinance our homes at a low rate of interest, when they?

Question by Sandee: Why does the Government keep saying we are able to refinance our homes at a low rate of interest, when they? have raised the FHA– PMI (mortgage insurance) up so high that the cost of it offsets … Continue reading

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