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In the monthly payment on my mortgage, how are the funds applied to principal and interest?

I have 2 mortgages: A conventional 4.75% 15-year fixed and $120K left for 10 years and equity of $50,000 for 10 years 7% fixed. But there is something strange going on with principal and interest. Some months there is more money going towards principal and the other months more towards interest. Should I refinance and combine both? Will I lose or save?

As of this past year we have been late on our payments due to illness. Do they have grounds to foreclose?

How much more damage could I do if I just voluntarily surrender my house back to the lender?

I have a dismissed bankruptcy scheduled to fall off my credit in 2010. My house was included in the original bankruptcy as well as an automobile. Once the bankruptcy was dismissed I reached an agreement with the mortgage company to keep the house. However, I had incurred substantial fee's which I had to pay before they would reinstate the loan bringing my home loan basically back to wher...
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Can you help people with bad credit/income ratio?

My question is can you help people with bad credit/income ratio? The only income the comes in my husband work. Please help us we really want to keep our house and we should don't want to pay high payment next month. We have a loan of arm. Help please.

Our plan is to convert our garage into a bedroom my 82 year old mother in law. What is the best type of loan for her?

Our plan is to convert our attached 2 car garage into a bedroom suite for my 82 year old mother in law. She is going to finance the project in exchange for living there the rest of her life life for free. She owns her current home outright and would pay back whatever loan she gets with the sale of the property after remodel is complete. She will also need money to update her residence in ord...
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What is the legal time period one can refinance after the purchase of a new home?

What is the legal time period the buyer of a mobile home can refinance after the purchase of a new home?

If I vacate my rental early an not pay the penalty, will hit my credit report like a foreclosure on a house?

Hi Bill, I am about to move out of an apartment complex and into a home I have purchased. I am breaking my lease to the apartment early due to numerous issues I have had (broken AC unit, broken dishwasher, noisy neighbors, etc.). They are trying to get me to pay the one month penalty for leaving early. I do not think I should pay due to all the issues (my record of complaints with the office...
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We were wondering how soon we can refi the 100% loan for an 80/20 and drop the PMI?

We are buying a new home as first time buyers. We didn't have a large down, or a score above 700 so we have a very high PMI rate on a 100% loan. We will be working on our credit over the next few months, we were wondering how soon we can refi the 100% loan for an 80/20 and drop the PMI?

Is it a good idea to refinance my mortage as interest rates have come down rapidly from Oct'07?

I have a second mortgage that has a 7.25%, is it good if I consolidate with credit cards?