Sandie L asked:


i recently bought my 1st home, or rather got a loan (mortgage) for it and i get the basics of owning a home like taxes and insurance, etc. but a few things i am a little unsure about
1. equity what exactly is it and what is a loan against your equity?how many times can you take out your equity and when is a good time to do it, of course i know you have to add to the value of the home to build equity…
2. what does homestead mean when filing taxes? and why does that have an effect on getting your equity out of your house?
3. what is refinancing? and when is a good time to do it? and what factors are considered or help you in refinancing?
4. i have only had my house 14 months but already my loan has changed 3 times from the original lender, is this normal and what is it all about?

Santa Monica Real Estate

Dr. Business asked:


What R the best APR U’ve seen this week?

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Pat asked:


trying to figure out whens the best time to refinace or get a fixed home equity loan.

Ottawa real estate

Lisa S asked:


I am trying to complete my income taxes and I had a foreclosure in 2008. The Lender was Countrywide. I never received any paperwork from Countrywide stating the debt was forgiven. Does Countrywide report a 1099-C and why haven’t I received a copy yet? Seeing as through Countrywide is the worse lender…. Does Countrywide even forgive the debt? The house is worth probably $50,000.00 and I owe then at least $125,000.00. That would mean I could be taxes on $75,000.00? Does the Mortgage Forgiveness Debt Relief Act 2007 discriminate against what type of loan, interest rate and income you had?

missoula realtor

kale2 asked:


A cash offer was put on a foreclosed home that had some questionable things that might make it ify to pass inspection. A cash offer was made and an bank/mortgage offer almost a couple thousand dollars higher was given at the same time. The bank accepted the lower cash offer most likely because they didn’t have to wait for the house to pass inspection. Is that legal?

San Diego Commercial Real Estate

eric asked:


Meaning what is the lender looking for to determine habitability in order to approve a home loan/mortgage? Not FHA loans but conventional lenders.

Bozeman MT real estate

sunrise_n_tn asked:


I’m thinking of purchasing a home, but there are so many different loan & mortgage companies…how do I choose which is the best? The phone book is filled w/them & I have no time to check w/each of them. Are there any nationwide companies, that are well known to be better to deal with? Thank you for all honest answers.

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Cnn S asked:


In Loom of the Fannie/Freddy Bailout, why doesnt anyone in big media bring up the the fact that most loan officers were instructed to use websites like http://www.FAKEPAYCHECKSTUBS.com (creating documentation that never existed) to help the loan qualify through every step of the pipeline, to collect the 6 percent commission they make on EVERY deal – is it any wonder why the economy and the worlds banking system is where it is at today?

Chula vista Real Estate

Proud_Mommy asked:


I offered the exact asking price on 2 different short sale homes today. What are my chances of the bank accepting at least one of the offers
and how long does it or could it take to respond to these offers. I know nothing if exact, but a rough typical estimate would be nice. THANK YOU SO MUCH!
I was told putting in offers on 2 seperate houses was ok. I could easily decline my offer on one. (Just a response to the 1st person who answered my question). i was told by my realtor.

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