Archive for February, 2008

What are the Pro’s and Con’s of getting a Home loan through a Credit Union?

Posted in Credit on 02/29/2008 06:31 am by admin
missy asked:


What is the difference between a Credit Union, Bank, and Finance Company? I think a Finance company charges higher interest but I’m not sure.

Home Finance
 

I need to find out all about these interest only mortgage loans! Can anyone help me?

Posted in Renting & Real Estate on 02/25/2008 12:20 am by admin
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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is it advantageous to talk to different banks/mortgage companies for options on mortgage loans?

Posted in Renting & Real Estate on 02/24/2008 01:39 am by admin
jettamadness asked:


we are first time homebuyers and will be looking to get an FHA loan…is it okay to talk to, maybe like, three different places (2 banks and 1 mortgage company) to see what is available to us?…or will that hurt us?

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Is it illegal to do Real Estate and Mortgage Loans?

Posted in Renting & Real Estate on 02/19/2008 08:24 pm by admin
G G asked:


I heard that a well known real estate company was doing both loans and selling real estate and they were arrested recently. Is there a law that prohibits this practice. If you are licensed must you chose one or the other?

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When you are served with foreclosure papers on your home, how many days do you have to move out?

Posted in Renting & Real Estate on 02/15/2008 11:33 pm by admin
frankie_grossman2003 asked:


when served with forclosure papers on your property, and they give you a sales date, do you have to move out by that date or sooner, also can you sign the property over to the finance company before that date and the foreclosure not show up on your credit.

Kansieo.com
 

How do I get a home loan for a single mom with poor credit and no money down?

Posted in Other - Home & Garden on 02/08/2008 05:59 pm by admin
tx4anna asked:


Single mom. 3 children. Low Income. Poor credit. Currently pay rent on house I want to buy. No money to put down. Want to pay lower mortgage payment instead of rent. Need 105% financing to cover closing costs.
I want to actually buy the house I am currently living in. I live in a Rural area.

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I just opened a nationwide contract mortgage processing company after 20 years processing loans for companies?

Posted in Renting & Real Estate on 02/02/2008 08:58 pm by admin
Lori R asked:


What is the best way to advertise my business to mortgage companies and loan officers. I have a website now, but other than that, what is the best bang for my buck when it comes to advertising methods.

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What do you think of Chicago’s public schools? Loans payday and mortgage loans, home loans?

Posted in Personal Finance on 02/02/2008 04:27 am by admin
Austreverto N asked:


Thank you! so much, I need the information for an ariticle im writing.

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How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?

Posted in Renting & Real Estate on 02/01/2008 12:19 am by admin
ronidl76 asked:


I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?

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