http://news.yahoo.com/s/afp/20080923/ts_afp/usfinancebanking_080923173430;_ylt=Auq1ewPnGOj_xfF4_zbBLBrqxQcB Do they think we just woke up in a cabbage patch or what? Isn’t this just bankers trying to take advantage of people by giving them loans at such high interest rates that they end up losing their homes to the banker so the banker then owns the home? And now they want the [...]
Category Archives: mortage loans
So mortage companies give loans to unqualified people and the taxpayers are stuck holding the tab?
Do FHA home loans need mortage insurance?
Unfortunately, Yes. But, if your loan was closed on or after January 1st, 2001, it can be removed at some point in time if it meets certain conditions. You can find out more about those conditions in the source link below. If your loan closed before 01/01/01, you are not able to terminate your mortgage [...]
How do I get 28 more Points to be able to get a stated mortage loan?
I have done everything up under the sun and it has improved my FICO scores tremendously. I have paid all credit cards down to zero balance, had 30 day late payments removed, and have paid bills on time. My FICO went from 539 to 565 to 584 to 645 which is where it is now. [...]
How do I roll up my debt into my mortage loan?
I read your answer on debt consolidation and I had my car repossesed and a couple of credit cards. I wanted to sell my house before my creditors try to collect their money, but didn’t work out, I want to keep my house and be free of debt. you got some replies but here’s some [...]
When finance is exhausted for home loans will savings interest rates go up along with higher mortage rates ?
Could this senario drive home prices even further downward ? Yes to all of the above. lol addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fmortage-loans%2Fwhen-finance-is-exhausted-for-home-loans-will-savings-interest-rates-go-up-along-with-higher-mortage-rates’; addthis_title = ‘When+finance+is+exhausted+for+home+loans+will+savings+interest+rates+go+up+along+with+higher+mortage+rates+%3F’; addthis_pub = ”;
what is the difference btw mortage loans in traditional banking context & with da rise of MBS.?
When you invest in a mortgage-backed security you are essentially lending money to a home buyer or business. An MBS is a way for a smaller regional bank to lend mortgages to its customers without having to worry about whether the customers have the assets to cover the loan. Instead, the bank acts as a [...]
Mortage loans have lower interest rates(and lower risk to lenders) than automobile loans why?
A.) the bank will always know where to find a house B.) automobile loans have smaller loan amounts C.) automoblie can be hidden from repossession D.) A and C Two reasons…. You can’t drive your home away…. and two…. if you have a choice between a vehilce and a roof over your head… chances are [...]