kmm asked:


I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.

Vancouver WA Homes

sammus asked:


I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. Would mortgage companies see the worry that I would quit my regular job or would they trust that I would maturely handle the mortgage payments? In other words, would I have no problems getting refinanced under these conditions. My credit score is about 650 and I’ve been at my current job for 1 1/2 years but have had steady employment for a long time. I have also paid my mortgage on time for 12 months.
The reason I am asking is because what I will be doing requires a vendor license. Therefore, in my ssn, it would show the business based at my home address.
I am actually looking for a new mortgage loan, not a home equity loan or personal loan and I don’t need to borrow to pay debts.

Buy A Gps System

my.swag.is.serious asked:


My boyfriend and I have a bank account with a 5 figure sum in it. He wants to buy a truck with 1/8 of our net balance but i think we should go ahead and apply for a house loan while we have the current balance. I don’t want to get less money because he took a few grand out. does a few grand difference even matter? i want to buy a home and don’t want to spend any more money until we get a loan/mortgage because it’ll take our balance down and we might get a smaller loan.
for your information ***** who’s answer i thumbs-downed, it is my man’s idea to get a house. he’s not trying to leave me by telling me he wants a truck too. you’re a ****.

Brigantine Real Estate

SR in Chicago asked:


I am 29 and my wife is 23. We recently got married a year ago and this April will be our first tax season. Here are the facts:

I make 70k a year. I have a credit score of 800. I have no credit card debt. However I do have 5k in student loans remaining and I pay the monthly mortgage on my parents home (100k remaining), which is where my wife and I live. We have no plans of moving in the near future. The mortgage and home is in my parent name. My parents don’t work due to diabilities. So I am the primary bread winner.

My wife recently graduated college and does not work. She has a total of 60k in student loans. 20k is under her name (that I pay the monthly payments for) and the remaining 40k is under her parents name (which I assume they take care of). She has 2k in credit card debt. She also plans on going to grad school in a year.

We currently do not have kids and are not planning on it for another year or so.

Our questions are:
Should we file our taxes jointly or seperately? Which is more beneficial?
How and/or Will her outstanding student loan affect my credit and credit score?
Will my ability to get a future loan (mortgage, MBA student loan, car loan, investment loan for a rental property) be affected by her student loan?
Does getting a joint checking or savings account impact how we should file our taxes or does it affect our credit score?
How will putting her on my credit card or bank debit card affect me, my credit or credit score?

I am sure I will have lots of follow up questions and I am grateful for any honest and sincere advice or links.

San Diego Foreclosures

jody s asked:


I applied for a home loan. I’m a first time home owner wannbe I applied for a home loan & was denied. The letter said I was denied by Dept of Housing & Urban Development & Federal Home Loan Mortgage Corp. Can anyone tell me what that means? My bank won’t be open tomorrow & I can’t find anything online. Thanks for any help.

Chula Vista Home And Condos

garohd asked:


I am unable to make the payments on my home due to my wife not working because of a sick child and the drop in business. Im in sales and work on 100% commission.
Wescom is who I have my first with.
Just wondering if anyone has successfully done a loan modification with Wescom, and some pointers. also my loan is a fixed 30 year loan

Palm Springs Homes

Sarah P asked:


hiya my brother and his partner have just split up, and are very deeply in debt, as they baught there house when banks were giving out 100% mortgages so they owe alot of money and my brother is deeply depresed due to the debt, and his partner knows this and is pushing him and pushing him. from a recent conversation that his mother had with my mother she said ‘ he hasnt tried hard enough to kill him self’.
But my mum and brother went to see a solisiter and he said that she hasnt got to pay him anything. as she walked out and left him in the house, and they have two loans and the mortgage in both there names. and then they ahve the bills on top of all this and my brother has to pay them but he is unable to afford it unless she helps out. and i wanted to know if some one can walk away from there house and not have to pay a penny?

Thermage Stomach

sunny-d alright! asked:


I got a fax today that is someone’s home loan mortgage statement and 401K statement. It also has their homeowners insurance balance and everything on it. Should I just ignore it, or should I tell someone?

Huntsville Relocation

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.

Jacksonville FL Real Estate

Jason asked:


My wife and I current do not owe a mortgage on our house (~$600K). I am considering getting a ($400K) home equity loan / mortgage. Our income would easily support the monthly payment. My questions are 1. Will the interest from the $400K loan be tax deductible or is interest on cash-out loans over $100K not eligible for deduction (I’ve heard)? 2. Will points on this load also be deductible? Thanks.

Federal Hill Baltimore 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