I currently owe 60000.00 on my original mortgage loan and 25000.00 on my home equity loan the 2 are from different financial institutions.My home was used of course as collateral for the equity loan,what happens to my house if im current on the mortgage but maybe defaulting soon on the equity loan??? The home equity [...]

Im looking to buy a house that needs a good amount of work. I dont have extra money to pay for the remodeling. But I have read that i can possibly get some sort of home improvement mortgage that will give me extra money to fix up the house. Rather than buying the house and [...]

I don’t think anyone has really answered your question here. Costs of a loan. You have to pay back the money you borrow to buy your house and of course the interest that they charge. You also have to pay for property taxes and home owner’s insurance. Here are some advantages. Unlike renting, you own [...]

I am working overseas, I want to buy a house in Texas. Can I consider it to be a 2nd home and ask the mortgage company to give me interest as second home instead of calling it "investment property" ? The interest rates and taxes for 2nd home is less than investment property. It will [...]

WE have had horrible experience with a small broker. We would like to go with one of the larger mortgage companies. Most banks have a mortgage division, so check where you bank. Wachovia, Bank of America, BB&T, SunTrust, etc. all have mortgage divisions. Countrywide and GMAC are two large mortgage lenders as well. Good luck! [...]

Were you happy and who was the lender? Do they manage their own mortgage paper? E loan is neither a mortgage bank or an investor so, no, they do not service their loans but sell that servicing to others for a profit, just like many wholesale lenders. A successful borrower/lender transaction is determined just like [...]

It most certainly is possible. You must simply "qualify" for the mortgage, based on your income and/or what collateral you may post (CD’s, bank accounts, etc.). You can also discuss a Reverse Mortgage with your lender. Banks cannot discriminate based on age. Call a lender of your choice and discuss their mortgage programs with them. [...]

You would have to contact a mortgage company and give them some of your vital stats (i.e ssn, dob, address,etc) at which point they will most likely pull a credit report. They will probably also want to know how much money you make annually and based on these two factors, they can "pre-approve" you for [...]