Second mortgage help???
Saturday, 30. April 2011
Does anyone know of a mortgage company that will give a second mortgage with late payments?
Easy Home Equity Loan
Home Equity Loan Information
Saturday, 30. April 2011
Does anyone know of a mortgage company that will give a second mortgage with late payments?
Thursday, 14. April 2011
In Utah
I need some advice. I will try and make this short. I have a pre-fab home that was built prior to 1976 and since buying it in 1994 (which was easy) it is now VERY difficult to find lending on it. My wife fell ill several years ago and we needed to get at some of our equity. Our only option was to take a new mortgage for 11.5%. We thought we would be able to weather the storm and improve on the situation later. Well that has never happened and now we just filed CH7 (due to medical debt) and are now considering walking away from the house since we cannot sell (due to nobody wanting a loan at 11.5%) and the house is way too small for my family. The only reason we have held on to this house this long is it’s remote location and the lot size.
I am going in this Monday 3/22/10 to meet with my lawyer about the re affirmation on the house. The lender said they will not budge on the interest rate but are not requiring any of the arrears (I quit paying months ago to get them to negotiate). But I have continuously told them I want to keep the house. Would do you think the mortgage company would do if I put my foot down and said I want this payment and this interest rate or just take the house. My loan is 0K I pay 00 a month. I am thinking about telling them I want my payment to be 00. I really don’t see the place being worth more than 0K for 2 reasons…. the current econmy AND is it worth that if someone cannot get a loan for it? The only way I see this place going is if a cash buyer stepped in.
One more question…. I have read that is is fairly easy to buy a home right after ch7 but what if you now have a forecloser?
Friday, 1. April 2011
Will only have the house for two years then will transfer due to job. So want to know if it is better to pay the monthly amount to mortgage company and invest the money; or pay off the mortgage in full.
Thursday, 17. March 2011
The mortgage company that holds the second on my rental property in the amount of ,000 is trying to foreclose on my entire rental property that is valued at 0,000. Is this possible?
Friday, 25. February 2011
If my first mortgage company is foreclosing, what will my second mortgage company do, and what can I do about it?
Tuesday, 8. February 2011
I am in the process of purchasing a home in Alabama. I live and work in TX. and this home will not be my primary residence until around July or August of this year. My question is, how will the mortgage company look at this loan, either as a second home or my primary residence. I do on planning on retiring in June and my husband already has prospects of another job, can we purchase the home based on our income now, or will we have to wait until we draw retirement and my husband’s new salary to determine our income? This whole process is confusing. Any help would greatly be appreciated
Monday, 7. February 2011
Hi I have a mortgate of around 2 years old and is a 30 year fixed rate at 6.5%. With interest rates being slashed right now and house prices dwindling it would make a lot of sense to be able to refinance the mortgage at a much reduced rate, lower the monthly premium but still pay (ie overpay) the same amount each month to the mortgage company thereby paying of the principle faster and possibly ending up in a few years time with some equity back in the home. If I leave it as is the market is going down as fast as I’m paying off the principle and am therefore no close to actually owning my home. The other alternative to over paying is refinancing at a 15 year fixed rate loan as that seems to be giving me around the same monthly payment as I’m paying out now.
But the question is, with no equity in the house will my current (or even another) mortgage lender even look twice at refinancing (I understand that lenders are reluctant to give out loan to value ratios of higher than 70-80%)
thanks
Monday, 27. December 2010
Is there a mortgage company that gives people a second chance with bad credit but a good income? One that doesn’t charge an arm & a leg in interest? One that actually tries to help people who screwed up their finances and want to get on track without bankruptcy?