Polly asked:


I just mentioned my problem in my previous question - We bought house & have unfortunately lost our jobs and are now working on to see how we can cope up with our monthly mortgage payment. My question is : In case if we inform the company that we have lost our job and if they can help us to negotiage on interest rate or extend loan repayment time to make our monthly liability lesser…Do you guys know if this can help?
Some friends and elders have asked us ‘STRICTLY NOT TO LET the mortgage company know that we have lost jobs. This will put our creditiblity in question.
I need advise from someone who has either faced this problem before or if he is working for such company. Your advise is very valuable for me. Please guide me rightly my Yahoo! friends!
Thanks in Advance

Joy

melissa asked:


my wife has good credit (720) but does not work. I have a good job but have no credit history. We would like to take advantage of the first-time-buyers credit available until dec.1

Louis

Diesel Weasel asked:


I just seem to hear so many stories of people being screwed on mortgages.

Bobby

Sal asked:


If I use a personal loan, secured by my home, to pay off my first mortgage, is all the interest on the personal loan fully deductible as mortgage interest?

Dana

Mister E asked:


what does the term mean? is it called a junior loan because of the length of the loan ? if so what is the length?

Lillian

ron j asked:


or at least significantly reduce the chances of the loan being called?

I am told that the moment you record this new subject to mortgage that banks subscribe to a service that lets them know that title has been affected and will likely call the loan. Is it true that the moment they are aware that they call the loan? Is this what they also call a wrap around mortgage?

Shawn

Andrew W asked:


i just refinanced my home the original value was 45k and i had it paid down to 35k. when i refinanced it brought the value i need to pay back up to 51k. i have a adjustable rate now that will kick in may of 09 my percent is 12.750 i think. i pay 500 a month now for the mortgage and 720 total with all the taxes and stuff. i dont have a penalty for paying the loan of early so i want to pay it off in the next five years but with the arm my percent can go as high as 18.750. i dont want the bank to take my house from me because of the mistake i made by refinancing in the first place. so is it possible to refinance into a fixed rate and still keep the loan at 50k and still pay it of early with out any penalty. this is my first post so plz any and all help is great

Leroy

anointedqueen asked:


I have been separated from spouse over 4 years and he has evaded paying all financial obligations and have been uncooperative in the divorce proceeding. I recently gain legal control over joint property. I started re-fi steps and was pre-approved. however, the lending co.just just told me there are 2 liens against the property due to debts he has not paid. Will I be able to complete the re-fi, if the judge remove his name of the loan/ownership?

Howard

eoeo asked:


we are married in missouri and want apply for a mortgage loan but i have bad credit mostly medical but can my husband with great credit apply alone without me. would my credit do anything to his approval such as intrest rates even if I’m not applying. we have no joint accounts nothing what so ever. I do not work I saty at home and care for our daughter. please help. i have searched and have found nothing, best answer get 10 points.

Eleanor

Slick asked:


I have an interview tomorrow with a company to be a loan officer. They are going to pay me 2k a month and after 3 months it turns into a draw against commission. Can I make a lot of money being a loan officer. They say you can make 150k a year, is this possible? What is an average day like of a loan officer? This is an inside sales position

Alicia