Archive for July, 2011



What happens to a mortgage when the person dies?

Sunday 31 July 2011 @ 12:49 pm
Samantha S asked:


I have a friend who’s father and grandmother have both now passed on. The Mortgage was in their names. Their mother is still residing in the home (beign the wife of the owner, but not on the loan in name).
What happens, if anything?
The loan is being paid, and I am guessing as long as it is paid they won’t be demanding anything.

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Can a married couple get a mortgage when one spouse has bad credit?

Saturday 30 July 2011 @ 9:24 am
yomega_girl2003 asked:


My husband and I are trying to get our first mortgage. I have good credit, but his credit is poor due to a past relationship. His income is needed though for us to be able to qualify for the mortgage amount desired. We couldnt qualify for a lot on my income alone. Is there any mortgage lenders that will allow us to use my good credit, and his good income?

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Are the up-front mortgage insurance premiums on FHA loans tax deductible?

Thursday 28 July 2011 @ 7:37 am
dreucla23 asked:


This up-front mortgage insurance premium (MIP) was rolled/financed into my loan.
And if they are tax deductible, do I deduct all of it on the tax year I closed on my home? Or do I have to spread out the deductions over the lifetime of the loan?
Also, please provide a reference with your answer. I’ve done plenty of online searches and there is an abundance of conflicting information.

Torrance Cosmetic Dentists



What do think the Mortgage Lenders and the Government will do about the rising defaults and foreclosures?

Wednesday 27 July 2011 @ 12:37 pm
ricknasty asked:


They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers go into foreclosure? If this continues to happen, we may see a depression coming in the near future.

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How to become an mortgage broker in Ontario?

Monday 25 July 2011 @ 4:31 pm
Zhang Ganfeng asked:


I am a University student studying commerce(concentrated in finance). I am having this thought of becoming a mortgage broker. What are the steps to become a mortgage broker and how long does it take to become one?
Thanks!

Torrance Cosmetic Dentists



How to refinance a home mortgage with negative equity?

Sunday 24 July 2011 @ 12:50 pm
that username asked:


I really need good options on how to refinance a home mortgage with negative equity. Currently my mortgage wont allow me a refinance. Any options on what i could do?

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How do I determine what type of mortgage financing to choose?

Thursday 21 July 2011 @ 7:12 am
BBQ Dragon asked:


Since I do not have much cash to put down on a mortgage payment and already owned and paid off my first mortgage, do I have to go with FHA or a high PMI mortgage again? I found out that the bank values the house by the appraisal amount give, so if the appraisal is amount is 20% more than amount of the loan I’m applying for, then can I go Cash Conventional?

Torrance Cosmetic Dentists



How much does mortgage interest deduction increase your refund?

Tuesday 19 July 2011 @ 2:13 am
Randy Still asked:


This is my first year to be eligible to claim mortgage interest, bought my home in April, 2010. My regular refund previously filing 1040EZ was about $1000. Completing my return last night online the refund amount went up to $1249 – not exactly the large increase I was hoping for. Should l hire a professional?

Malibu Real Estate



Can i rent out my house which still has mortgage and purchase another home?

Monday 18 July 2011 @ 2:46 am
mshuski asked:


I want to rent out my home and buy a new home. When the market gets better I plan on selling it. It still has mortgage. SO will I be able to get a second mortgage? I have some debt but plan to pay off completely. The house I want to buy will cost less. Also will I be able to deduct property tax and interest for both mortgages?

Suits



What are the key factors in obtaining a home mortgage loan?

Sunday 17 July 2011 @ 4:17 pm
radioactive_babywipes asked:


My credit isn’t bad or fair. It’s good, just below excellent. How good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?

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A contracting company I work for is taking check written to homeowner and mortgage company. Homeowner is endor?

Saturday 16 July 2011 @ 1:41 pm
kendra k asked:


Ing the checks. The company then cuts out the mortgage company. The contacting company knows that the mortgage signature is required but, deposits millions of dollars this way. Is this bank fraud?

Vancouver Washington Real Estate



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