Where’s my scooby snack? asked:


Is it the mortgage company or the bank that calls the loan?

What reasons would they have for doing so?

Key Fob

jay s asked:


What is the tax benefit of home mortgage? Why is there variation in HOA fees? I am looking to have my monthly payments at lowest possible in that range of loan.

Maryland Real Estate

morple16 asked:


I am applying for a mortgage and pay my rent on the 7th each month. I am not charged a late fee by complex. I have read that mortgage companies only consider rent late if it is more than 30 days. Is that true?

Real Estate Listing Riverside County

PrimeConcern asked:


Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher.

Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.

Bank Foreclosed Homes For Sale

shakira murray asked:


The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?

Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.

Big businesses then had to cut back on expenses and began to lay people off the the thousands.

So what caused the mortgage rates to go up so high that started this financial mess in the first place?

Sacramento Homes

A A asked:


I am looking at townhouses and condos. Wondering what the rough cost per month would be for a mortgage for a place that costs 100K with a credit score of 715?

Vancouver Washington Real Estate

David E asked:


For instance:
Is it $1500 rental income – $1000 rental mortgage = $500 added to your income only

or

Is $1500 of rental income added to your total income and $1000 added to your total debt and they are considered separate of each other in the ratio?

Chula Vista Ca Real Estate

.: Jezz :. asked:


For his birthday, little Joe asked for a 10-speed bicycle. His father said, “Son, we’d give you one, but the mortgage on this house is $280,000 & your mother just lost her job. There’s no way we can afford it.”

The next day the father saw little Joe heading out the front door with a suitcase. So he asked, “Son, where are you going?”

Little Joe told him; “I was walking past your room last night and heard you telling Mom you were pulling out. Then I heard her tell you to wait because she was coming too.

And I’ll be damned if I’m staying here by myself with a $280,000 mortgage & no bike.

Organic Coffee

gerbera asked:


Plz explain the meaning of mortgage in this context:
“The man sends his paycheck to the bank for the mortgage payment on his house.”

Thanks.

Hawthorne Ca Real Estate

Plastic B asked:


If you get a mortgage for 20 years can you pay it only for 5 years, for example, sell the house after the 5th year and get back what you paid?
alterfemego – basically, say I buy a house on a 20 year mortgage for £200,000. I pay £900 a month for 5 years then decide to sell it. If the house goes for £201,000, would I have to pay off the entire amount to the mortgage company or do I have to pay the amount that I have not paid yet in the remaining 15 years?

Super Foods

Garry C asked:


Does the person pay the mortgage balance to the bankruptcy court? Does the person have to find another lending company to take up the mortgage balance?

Palm Springs Homes