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?

Santa Monica Dentists

Tony asked:


I have a friend who is 2 months behind on their mortgage payment. In general, how long until the lender will foreclose?

Thanks!

Pompano Fl Real Estate Listings

nabailey44 asked:


I think they are great when you have a commission based job/career. We have a fixed interest only loan, so if things are tight we can pay bare minimum and when they are more relaxed we can more than make up for that loss of principal by paying more…….And every time you pay principal your actual (interest) payment goes down…..So over time, adding lump sums will reduce your payment versus paying a fixed mortgage for forever/or until its paid off.

Chandler Real Estate

Robert W asked:


Does it help, because it appears that you fully paid off a mortgage, and then took out another one?

Does it hurt, because all of a sudden you have a new huge loan on your credit report?
There is something called “length of time major accounts have been established” that is frequently sited as a top reason why someone’s credit score isn’t higher.

Chula Vista Ca Real Estate

VikaX asked:


My husband has a “high risk” credit score and mine is “above average”. We are looking to buy a house in a year, or so. What kind of interest can we get for a mortgage?
Also, he had plenty of things in collections from 2001-2005, is there a way to raise his score now or will it not matter?
His score is around 550, and mine is around 780. We just paid off his car, and the only other debt we have is my student loan – $250/month – (credit cards will be paid off next month). Our combined income is about $74,000. He has some items in collections, but nothing since 2005. Since 2005, everything has been paid on time, with no late notices or collections.

San Jose Homes

Flavia M asked:


I have been paying for my new mortgage for 2 months now, and noticed that my credit score went down more than 50 points since the mortgage loan appeared on my report. Why is that???

Sacramento Homes

sweetysource asked:


I have been paying the same amount in rent as I would pay for a mortgage and I would really like to own a home. I know there are loans for poor credit but I am afraid that I will pick the wrong one. I realize with poor credit I shouldnt be looking into this but I am now better capable of handling my finances and have a steady income. I know which home I would purchase, just need to find a good mortgage. I dont want to jeopardize my family and end up with the wrong loan.
I have about 25,000 in savings for a downpayment which I realize I still need more……to avoid pmi . I plan to stay in the house for a long time.

Buy A Home Directory

Suzie asked:


I am trying to apply for a mortgage loan to get a house. I just got out of the military and was deployed for 3 of the 4 years and sometimes I didn’t pay bills. How do I explain that. I have already started to pay bills off and fix my credit.

Santa Monica Real Estate

Justin asked:


My mortgage is due the 1st of every month and I pay it with my first byweekly paycheck which is sometimes on the 15th. I always pay before the late payment fee is assesed. Will this hurt my credit score as long as I keep paying before the late fee date?

San Jose Homes

Lou C asked:


Taxes and Insurance will still have to be paid, do these amounts go up without a mortgage?

Mesa Az Real Estate

The Oregon Kid asked:


I want to refinance but don’t know where to find this data. My mortgage material is over 100 pages. What do I look for?

Atlantic City Real Estate