How do you get your mortgage company to negotiate?

Saturday 21 August 2010 @ 12:51 am
frjk asked:


We are in Chapter 11 Bankruptcy and do pay that every month, but am 4 months behind on mortage. I just want a reduced payment, maybe over 40 years, not 30 and at a lower rate, but my mortgage company (Countrywide) will nottalk to us. Please help!

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How do I get a mortgage if I want to buy a foreclosure?

Friday 20 August 2010 @ 4:19 pm
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




How can I convince my mortgage lender to lower my interest rate?

Thursday 19 August 2010 @ 6:54 am
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




Where do I find a mortgage with good rates and less points?

Wednesday 18 August 2010 @ 3:01 am
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




How much money is comfortable after paying the mortgage and bills?

Tuesday 17 August 2010 @ 11:24 am
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





How do I remove my name from the mortgage?

Monday 16 August 2010 @ 8:19 am
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




How did Bush encourage the mortgage companies to develop exotic loan products for the subprime market?

Sunday 15 August 2010 @ 6:00 pm
serendipitous_333 asked:


Remember when Bush spoke of his “ownership society”? Did Bush give any incentives for those brokers and mortgage companies to create those exotic loan products, so many of which are now in default? Do you think that increased regulation could have mitigated this disaster?

Sacramento Ca Real Estate




Where can I learn the mortgage loan process before starting work?

Saturday 14 August 2010 @ 4:19 am
Discovery asked:


I’ve accepted a positon as a mortgage loan officer and it’s been several years since I’ve worked in this industry. I don’t want to walk in cluesless but I know things have changed such as required documents to receive a Good Faith Estimate. Thanks for your help and any tips on being successful are welcomed.

Chicago Il Real Estate




What mortgage refinancing programs are available to the unemployed?

Friday 13 August 2010 @ 1:44 am
Sara B. asked:


Need to refinance- I have good credit and have never missed a payment. I lost my job a year ago and I have no income aside from unemployment- however I do have assets. What programs are available for refi that I’d qualify for? It seems like I have to default on my mortgage or ruin my credit before I qualify for a program and that can’t be right.

Appreciate your knowledge on the refi programs out there to assist.

Brigantine Real Estate





Who and where i can find the lowest closing costs on refinancing a mortgage?

Thursday 12 August 2010 @ 3:38 am
REEMPIRE888 asked:


Where can I obtain the lowest fees on closing cost when refinancing a mortgage? Also, why does conventional bank around the corner usually has one of the highest closing costs than a smaller mortgage company? Which mortgage company has the best deal and what is reasonable amount to pay on closing costs for an mortgage amount of $360K?

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Can I get a mortgage on an investment home after purchase?

Wednesday 11 August 2010 @ 10:15 pm
Bob S asked:


I’m looking at purchasing an investment home, and it is a short sale which specifies a cash transaction. I plan to pay cash for the property.

I would like to have a mortgage on the property to use the cash for other purchases.

Is it possible to get a conventional mortgage on a property after purchase (I suspect yes), and are the terms generally the same? Is there any major disadvantage to getting a mortgage on a property after purchase?

Scarsdale Ny Real Estate





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