iDream asked:


I know that a 30 year mortgage makes the monthly payments less which is more affordable but you end up paying more in interest. I’m planning to buy a house but not until years from now. I just like to be aware so that I know what I’m working for. I want to save and know what to expect. What about paying more on the mortgage payment, in that case is it best to get a 10, 15, 25 year mortgage or 30 year? It’s confusing to me.

Thermage Stretch Marks

Sarah C asked:


Do mortgage companies make money by offering a higher interest rate. For example- one mortgage lender is offering 6.5, and mine is offering 6.75. If they are both equal for service, closing costs, etc., how could one offer a lower rate? Do they stand to make money off of the extra .25%? I tried to negotiate the rate with my current lender, down to 6.5%, but they told me they could not. Are they lying, because they feel they already “have me”?
But isn’t their rate, based somehow on the fed rate?

Playa Del Rey Real Estate

fury1162 asked:


I’d like to get a mortgage but I owned a rattlesnake once. What kind of trouble will I get in for lying on a mortgage application to cover this fact up?? Might it be okay if I say I owned one before I was 22 if they can’t prove when I had the snake?

Palos Verdes Dentist

Running Man asked:


Is it possible for a home mortgage to dissolved upon the home owner or borrowers death? I figured the estate or family is responsible but what if the home has no next of kin or goes to the state or something. Question has come up a few times in conversation. Called a big bank and they don’t know how to answer this question. Does this have anything to do with recourse and/or non recourse?

Calabasas Homes

Christina asked:


We have been approved for a FHA Florida housing bond mortgage. If our income increases during the term of the mortgage, can our loan be modified or increased as well?

Stretch Marks Removal

EdC asked:


I am in the process of preparing to take advantage of the $400B home owner rescue package that will be signed by President soon. I need to apply to my mortgage company for restructure of my mortgage to lower my payments. What documents do I need to prepare? I hear of a budget that needs to be prepared. What details must this budget include?

Brigantine Listings

Tyler D asked:


I would like to buy a foreclosed property from auction. I would need a mortgage to pay for the property. If I go through the bank how do I do this? I also do not have the 10% down that the county requires on auction day.

Sacramento Homes

tradejewel asked:


My mortgage will go to adjustable soon and what can you tell your lender so the interest stays the same? I have a 3/1 arm.

San Francisco Cosmetic Dentistry

Secret Asian Man asked:


I’m currently looking for a condo in the Washington DC area. What are some good mortgage companies?

Redding Ca Real Estate

Mark - asked:


My mortgage broker offered me 45% of gross income.
I calculated that after paying mortgage and all bills I’d be left with 5K spare cash a month to spend.

I have no idea is this is reasonable and am interested to hear how much money folks feel comfortable having after all the bills are paid.

Thanks!

VenturaCounty real estate

still learning asked:


My x and I split up a year ago, I moved out and my x stayed in the house. I’ve left my name on the mortgage (we weren’t married so the house is the only thing legally binding us), but now I’d like to take it off. How does that work? Is it expensive? How long does it take? Our mortgage is through countrywide.

Orlando Fl Real Estate