I have sold a small home that the area was going down just for $25,000. I then bought a $40,000 home with nothing down instead of paying rent. I am 57 and don't want to put the $25,000 into it. Put in CD's. I paid an extra $100 on the principal then decided I would just save that money and just pay the loan value. What would you suggest I do to make myself better off? I am single and...
Read full question
What are the advantages and disadvantages of including yearly taxes and insurance premiums in a mortgage loan?
I really don't know how to ask this. I need help on my mortgage. I will be 62 years old next month. I had to file bankruptcy last year. I can't refinance because of credit and no income. Please help if you can.
My father is 84 years old and has an outstanding note of $107,000 that he is paying $4,400 every 6 months for 2 years, then the note is due in full. He has no real way to repay this note, but he does have a townhouse that is paid off and worth about $160,000. I thought that a reverse mortgage would be something he should do, since I am not interested in inheriting from his estate, but would ...
Read full question
I have a 7 year adjusted with a 5.1% interest rate, I have 3 more years to go but with the situation now, I’m afraid that the interest rate will go up and would like to go for a debt consolidation to get a fixed 30 year loan and to pay off the home equity loan of 20,000 dollars. Do you think it is a good idea??
I financed my home with an 80/20 mortgage. 1st rate = 8.25, 2nd rate = 13. How can I get my 20% mortgage rate lower. It has only been a few months since I purchased the home but I want to start planning for refinancing. I had a bankruptcy finalized last March but my credit score is between 600-620. What are my options. There are early refinance penalties that may apply on my mortgages.
I am 26 years old, and currently in a credit counseling program. I desperately want to purchase a home. I currently pay $657/month in rent. This is driving me nuts knowing I am wasting so much money. How can I prepare myself to purchase a home? My financial advisor told me I will have to wait until 5 years after my debt is paid off to get a good rate on a loan. Is that true?
My challenges: 521 credit score, need to find lender that will finance a mobile home on 2 acres of land, and current payoff of loan (which is in the ex's name) is $117,000. I have been court ordered to have the house refinanced or at least get it out of the ex's name. What are my options?