refinancing loans
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What Do You Do About Your Mortgage??
The 80 portion is an interest-only loan for 5 years, at which point it converts to an ARM (and before which point we are going to refinance). ...
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- What my friend used to do was get a breakdown from the bank of what amount of the loan went twards intrest/principial every month. Then she would pay the regular payme...
- Good Morning Reba S I work for a title company and most of the closings that have loans are 30 year mortgages. I always suggest in closing that you make extra princ...
- Hi Reba, I have a 30 year note which made my monthly payments affordable. Most people I know have 30 year mortgages. In addition to the monthly note, I add a separa...
Help!!!!
Have you thought about refinancing your house, and taking the money out? I know a great mortgage broker who is good to work with, and can get loans through ...
Answers
- I too got into the payday loan trap and it is the worst thing possible. I recommend filing for bankruptcy. It will wipe out your debt. Mark Johnson at the Wagoner B...
- Have you thought about refinancing your house, and taking the money out? I know a great mortgage broker who is good to work with, and can get loans through (even with ...
- I agree with who posted the comment about payday loans. In my algebra class last fall, we figured out the interest on a loan and it ended up being about 1 2/3 more in...
Need Advise on Loan Modifications
If you want to refinance which is a permanent solution or change, then I can help. I'm a loan officer. Feel free to e-mail me for more information. ...
Answers
- that is correct - loan modifications are for people on the verge of losing their homes. You MAY be able to get a refinance though. Ask about that. I have a good mor...
- With rates dropping, why don't you check out a full refinance at 30yrs? This way you can go to any reputable lender that treats you with respect.
- Which bank are you banking with. Not all modication loans are programed in that manner. If the 30 or 40 year loan takes care of the need now. Does your husband have a...
Mortgage
22 Apr 2009 ... I am just getting confused with the loan process. ... When we refinanced our home recently, we had to pay a "charge off" amount to ensure we ...
Answers
- Hi K., AR below is right; it's because it's an FHA. There are a couple differences when dealing an FHA loan. If you don't have a mortgage broker you should look i...
- PMI was made tax deductible only recently, and there is no guarantee that it will be so forever. It was passed as part of all the measures to help homeowners. I wou...
- Hi K., Congratulations! We are in the same boat as you. It is my understanding that if you have 20% down then it is better to get a regular loan specifically to...
Pell Grant
19 Aug 2009 ... The pell grant like all other loan and or school money granted goes .... that some day plan on refinancing one more time once my balance is ...
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- I have received the pell grant in the past... What they used to do is either send your money to a bank card or send you a check. If you get it on the card, it automati...
- I work part time in a financial aid office and schools do handle disbursements differently. Once you get your Student Aid Report from FAFSA (Department of Education) i...
- The school will take the money out of the pell grant to pay for the hours you are enrolled in, and if there's any left over they will send you a check. If you're go...
I Ask This with Humility....
Look into consolidating student loans at a low rate, or even rolling them into a refinance of your home. Sorry if this sounds harsh, but my husband and I ...
Answers
- There are certain protections for your home under bankruptcy law and provisions that allow you can affirm debts (agree to keep paying them) and keep the asset. You sho...
- Don't do it! If you're already in a stressful financial situation - you have to humble yourself & buy a car you can pay cash for - no financing, or it will only get wo...
- Hi Candace, It sounds like you have time to plan. If hubby graduates in the fall, loan payments won't start immediately. Does he change jobs after graduation or now...
Mom Whose Thinking of Buying a home...HELP!!
I'm a work from home mom who happens to be mortgage loan officer and used to be a broker. The late pays on your line of ... Next question: Refinancing Home ...
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- I bought my first home with a first time home buyer assistance down payment loan from the city where I live. I first went through a home buyer education series, spent ...
- Hi L. and Shanna, I'm in a similar situation. I'm in the Charlotte, NC area. In everyone's experience, is a realtor like Shanna described your best bet in finding ...
- Hehe, I know your pain! It took us several years to buy the house we're in now. We talked to the bank, talked to brokers, and had our heades spinning by the time it ...
He Has as Good as Credit as You Can Get... I Have the Worst - What Happens When
Do your research on home loans, the internet is a great source of instant ... If you have joint long-term debt (with your ex), try refinancing so it is in ...
Answers
- In our house it is the same story... only reversed. Somehow I ended up with the perfect credit while hubby struggles from his past being laid off and divorced, etc. ...
- keep in mind if he puts a home in his name only, if something hapens to the relationship-you could end up on the street with nothing. I recommend cleaning up your cre...
- I don't think your credit will affect you buying a house...I believe that if he has good credit your bad credit is not enough to be denied a loan. I may be wrong, but...
Seeking New Home Financing for Not So Good Credit
I have a contact for you This is my best friends motherinlaw My best friend went through a very similar situation Mominlaw is a loan officer for First ...
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- Hi M.! My husband's firm does mortgages and he has told me incredible stories about how some of his clients have been turned down by almost every other lender, includ...
- Hi there M., My name is L. Anderson and I am a Realtor in Indiana. I work very closely with a fellow by the name of Bill Zakutansky who works for a Brokerage named Co...
- Hi M.! I can't guarantee he can help, but if anyone can my brother can! His name is Mike Dedo and he is with RLCA. His direct number is 800.601.3589. He's a senior...
Mortgage Transfer
Mortgage lenders typically package loans and sell them to other lenders. It is nothing to worry about. All your terms will remain the same. ...
Answers
- a very common practice. everything should stay the same. now you may get a ton of junk mail though for some reason. your payment should be the same but new company ...
- It is normal. Mortgage lenders typically package loans and sell them to other lenders. It is nothing to worry about. All your terms will remain the same. The same ...
- from what i understand and what my hubby told me is when you buy a house the mortgage is usually sold to another mortgage company within 30 days of closing. We have...
