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

ROY A asked:


not only is my rate adjusting soon i just found out that my condo is worth less then what i owe i will not be able to make the payments after it changes cant sell because i owe more then it worth is there anything i can do to safe my condo so it doesnt go into default i think it crazy that my condo was just valued at 85,000 last year and now its not more then 74,000 i owe about 82,000 im so screwed please help

Ana

dena m asked:


Please help me to understand the difference if there is one?

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DCFawcett asked:


To become a trained mortgage official, one can go for the various training programs started by various finance and mortgage training schools and institutes. Almost all the institutes today follow a revised pattern to teach their students as the old pattern is considered inefficient by experts. Short sales especially should be included in mortgage loan training as this is the most successful of doing business now. The traditional way is now passé.

The mortgage loan training course concentrates more on imparting practical knowledge to the students than theoretical. To impart practical knowledge, the students are shown video clips of live sessions. Thus, they get an idea of the actions to be taken while they are stuck in a specific situation. The mortgage loan training courses are one such type of mortgage courses.

Mortgage loan training courses involve teaching important financial topics like mortgage loan originating, mortgage products, underwritings and appraisals. All these subjects are extremely important from the point of view of a career in the mortgage industry. The course also teaches you various ways to keep ahead in the game in case of foreclosures and default in mortgages.

The mortgage loan training courses are available live as well as online. Online courses can come in handy for people who wish to learn while they are earning. Many people have a wish to undertake mortgage loan training but can’t do so as they have to take care of themselves and their families. But such individuals can also learn about mortgage with the help of the online courses provided by financial and mortgage institutes.

These online mortgage loan training courses are sectioned into a number of small and easy parts so as to make it easier for the user to learn. He online courses are accessible all the time to the users. The online mortgage loan training courses give specific time limits to the users to complete a part of their work, thus teaching them to manage their time. The pace of these online studies is that of an average learns and thus, no user has to rush while he or she is studying.

Mortgage loan training courses are an open option for already trained mortgage officers. Having this course done can help them working more efficiently. A combination of an experience and a new course done may help these already trained individuals to get a rise in their income. After the completion of the course, the candidate Is provided with a license with a validity of 12 months. During these 12 months, the person may revise his or her course or try practicing.

The mortgage loan training courses are available in different durations allowing one can choose the exact duration that he or she is comfortable with. But one should possibly do the mortgage loan training course from a renowned institute to get more recognition in the market as mortgage industry is defined differently at different places.     

To get a Free Online Mortgage Lending Training Course in Short Sales, Go here:

Mortgage Lending Training in Short Sales

For more info, go to:

www.realestateforeclosuresinvesting.com



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Peapie asked:


I have heard horror stories of people trusting the mortgage broker and not many people read the fine print and have paid heavier penalties than they were orignially told it would be.

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