Tag Archives: them

Is it better to pay off and close credit card accounts or pay them down to below 50% to raise credit rating?

Question by S.W.: Is it better to pay off and close credit card accounts or pay them down to below 50% to raise credit rating? Our morgage broker is telling us that we should pay down our multiple credit cards … Continue reading

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Bank of America won’t refinance our house although we have a first and second mortgage with them now.?

Question by SAMUEL P: Bank of America won’t refinance our house although we have a first and second mortgage with them now.? Our property is a unique home, made of steel with a metal roof, finished out normally inside with … Continue reading

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As a Co-buyer on a Mortgage can I make them sell their home?

Question by lenah220: As a Co-buyer on a Mortgage can I make them sell their home? I am a co-buyer with a family member on her mortgage. Since day one she has been late on her payments. Refinancing is not … Continue reading

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My friend refinanced his house to buy a pool and 2 cars. Under McCain’s proposal does he get to keep them?

Question by Barometer Soup: My friend refinanced his house to buy a pool and 2 cars. Under McCain’s proposal does he get to keep them? When house prices were skyrocketing in California, a lot of my friends refinanced to take … Continue reading

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Q&A: Do I have to pay a mortgage application fee, if we just signed the contacts and faxed them to the broker.?

Question by seth h: Do I have to pay a mortgage application fee, if we just signed the contacts and faxed them to the broker.? We completed our mortgage refinance papers and mailed them to the broker. Another company has … Continue reading

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Are mortgage points deductible in the yr of pmt or do I spread them over life of loan?

Question by Surjit T: Are mortgage points deductible in the yr of pmt or do I spread them over life of loan? I am a 1st time home buyer and am in a high tax bracket (33%). I am considering … Continue reading

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Q&A: is it standard procedure when refinancing a mortgage for them to want a copy of your entire federal tax return?

by woodleywonderworks Question by Mark: is it standard procedure when refinancing a mortgage for them to want a copy of your entire federal tax return? from last year along with 1099’s and w-2’s? this is an enormous pain in the … Continue reading

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