I have a 80-20 home mortgage, and I will loose my house to foreclosure soon. I can’t afford to pay the mortgage, with my current income and no plan to save it from foreclosure. My lender sold my 2nd mortgage(HELOC) to a debt collector, and now they harassing me, and threatening me to sue me. [...]

I’d like to buy a house for sale at $265,000. Appraisal is $320,000. Is it possible to get a loan for more than the purchase amount (say $300k) to consolidate some debts at the same time? No, you cannot. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-debt%2Fcan-i-get-a-home-mortgage-for-more-than-what-is-owed-to-consolidate-debts’; addthis_title = ‘Can+I+get+a+home+mortgage+for+more+than+what+is+owed+to+consolidate+debts%3F’; addthis_pub = ”;

I want to rent out my home and buy a new home. When the market gets better I plan on selling it. It still has mortgage. SO will I be able to get a second mortgage? I have some debt but plan to pay off completely. The house I want to buy will cost less. [...]

I have no money down and a good amount of debt (approx.. 60,000 with student, cars, and credit cards.) Would I be able to get a mortgage to buy a three family home and rent out two of the floors? If I was to roll my debt into the mortgage and take out a $200,000 [...]

Here’s my stats: Last year’s income: $37,000 although it could go to $50,000 this year Credit Scores: 704, 776, 780 Debt: 0 (seriously) Net Worth: $23-25K with $17-18K being liquid and available for down payment, although I would like to put less than $10K out of pocket for closing and down payment. First time home [...]

debt ratio not pay their mortgage?? By it’s very defintion it is almost impossible I mean that is how all the new refinaces are supposed to be made for those who are having mortgage problems. I lost my home 20 years ago and I never was near 31 or 38 debt to income. The problem [...]

We have an 80/20 mortgage. We moved in 3 months ago and it is tough for first time home buyers. Any chance of taking out a home equity line? The condo appraised for more than it is worth. Sorry, the condo is worth more than we paid. You said you did an 80/20 that means [...]

My fiance and I just bought a home and our mortgage co didn’t offer debt protection but I am receiving offers in the mail from places like Mutual of Omaha offering for me to purchase debt protection through them, is it worth it? It is very profitable for the insurance people and that means not [...]

He has job that pays 120k. He spent more than he made during last few years and now he is in bad shape. What he can do ? All he can do is pay for his idiocy — slash spending and pay down debt. If he tries to declare bankruptcy with that kind of income, [...]

Ok this is the deal. I own my home valued around $75,000 before the remodel and I have no mortgage on it. Other debts are $25,000 in student loans, $40,000 in personal loan to family and $45,000 in credit card debt. I take home around $2400 a month. What can I do? As a loan [...]