Please. Massachusetts Voters need to wake up and vote this man out. Barney Frank had everything to do with the current recession we are in. Creating legislation so that people who couldn’t afford a Mortgage could and did get one…..

What are your thoughts on this?

Link: http://www.boston.com/news/nation/washington/articles/2009/08/25/frank_focused_on_reshaping_us_finance/

I want to do a mortgage for a property I am buying and then charge points to the buyer which is me, but finance those points over the term of the loan so I have that cash up front. I dont mind paying income taxes on those points. Is this possible? is there any way i can do this type of transaction?

is it possible to reduce the amount you pay on your mortgage every month?

My fiance and I were not approved for a mortgage due to my bad credit (thanks to ex-husband). He was pre-approved for a mortgage on his credit and income, but only for 80K (he is 1099, therefore his AGI is much lower). Since I could not be approved, my income cannot be considered for a loan. So, my parents have offered to purchase the home we were looking at (their credit is impeccable) and rent to us on an rto basis until we are able to be approved. The home is an REO and listed at 8K. There is about K in repairs that need to be done before we could move in. The county website appraises the home at 8K. Are there loans available for a non first time homebuyer to finance the whole mortgage plus the repairs needed on an investment property? My parents would prefer not to co-sign (they were burned in the past).

Looking to start a Class Act law suit for innocent people who have had unresolved problems with HSBC Mortgage

My boyfriend and I are looking to buy a repossessed house and it’s going for about 41,000 but we think we might be able to get it for 25-30,000 depending on how much repair needs to be done. I was told that you can finance the repairs that need to be done into the mortgage, is that true?

struggling to make payments, if i miss the mortgage by a month what will happen will they expect a double payment the month after?

my wife was handling our finances and didn’t pay the mortgage and i need to write a hardship letter. the only hardship i have is catching up on the payments. How do i tell the bank.

I am looking to use the money merge account system to payoff my mortgage at a faster rate. My question is should I use the United First Financial software which cost 00 or get the Mortgage Magic software which is only 5. I have read that they do exactly the same thing. Why does United First Financial charge so much for something I can get for thousands of dollars less?

http://www.mortgagemagicsoftware.com
http://www.u1stfinancial.com/

I’d like to pay in a lump sum that is about 20% of my outstanding mortgage (mostly repayment - some endowment type). The Bank has suggested that I can either reduce the term of the mortgage or reduce the monthly repayment. Is there a generally accepted best option?

More specifically do they count for the Bristol and West First Start mortgage?

I am selling my house for ,900, the buyers said the only way they can get a mortgage for that is to have the paperwork show a sale price of 3,000, with me financing the remaining amount, and then I can write off what I’m supposedly financing without any penalty. How do I write it off?

Hi

I am trying to figgure out which is better long term, to pay extra payments on my loan or mortgage.

My loan started on 06/02/08 for £11,000 over 62 months with an interest rate of 6.55% = a monthly payment of £216.79

My mortage rate is 5.01% and i have an outstanding balance of arround £64,500

At present i have arround £150-200 fluid cash i could use to lower the balacnce on either of the above and wondered which one you would use the money to lower?

I found this company that allows u to pay down your mortgage faster. Does anyone know anything about this? Please advise

I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property?

I thought most mortgages are compound interest, so pay additional money towards mortgage monthly is a bad idea if that additional money can be used for other investment (not, say, spend on dining out). but many financial advisors always recommend to do. I thought this is the worst investment idea bcause bank makes the most money because the that additional payment will apply towards the last payments of the loan first, in that payment, only tiny portion is interest. Is this correct?

I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.

My husband and I bought a house and we take posession before the deal on our house closes. There is a week inbetween and we were told we needed interm financing or a bridge mortgage to make up the different between the sale of our house and the posession of our new house. The mortage company made a huge mistake and didn’t calculate our bridge financing into our mortgage and because it was left to the last minute, we had to literally put together ,000 in a matter of 4 hours or we risked loosing our new house and the ,000 deposit we put on it. Because we didn’t have the money (who DOES after just buying a 1,000 house?) we had to borrow from our line of creit and even had to ask my mom for money. Now we are ,000 in the hole. My question is how much does it cost to re-finance a mortage and what is the penalty for that? Is there any way we can take that ,000 out of our mortgage so we can pay everyone back?
Also, we are Canadian, not American.

I would like to get a mortgage. The problem is that due to my student loans, my debt to income ratio is terrible, along with the fact that I do not have great credit. Any suggestions?

I am giving my notice to a very secure job tomorrow, in the commercial lending industry. I really like working in mortgage financing and did it for two years previous to this job. I want to jump back in, but don’t know if I’m making a mistake, what do you think?

I’m buying a house England and have a mortgage from the bank, I move in next Friday and was wondering when the 1st payment is normally due, it is on the day I move in or after the 1st month?

Thanks

I have been registered disabled since 2001 my husband is my full time carer, we recieve the normal regular benefits. The mortgage we have was a fixed rate, last year this expired. Would we be able to do anything about it as the rates are now lower than when we took the mortgage out.
the benefits are disability living allowance, incapacity benefit, carers allowance and income support

Just trying to find out if they are telling the truth about money owed. They are claiming repossession so can’t pay, as they can’t pay the mortgage.

They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers go into foreclosure? If this continues to happen, we may see a depression coming in the near future.

I bought a new home from the builder. The builder deals with a certain bank and they want me to get my mortgage from the same bank they are dealing with. Do they have the rights to do this? Or, am I free to choose whichever bank I want?