Archive for June, 2008

With the democrats plan to take over all the bad mortgage loans what are the chances of any foreclosures ?

Posted in Elections on 06/20/2008 07:42 pm by admin
Hot Dog asked:


Or will the the home owners just remain rent free on the tax payers dime.
Barney Frank thinks he can keep those people in their homes because we need to have affordable hosing even if they can’t pay.

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On defered interest mortgage loans, is the defered interest just added or does it gain interest to?

Posted in Personal Finance on 06/17/2008 12:15 pm by admin
cj asked:


meaning if my balance is $500,000 and i defer $2500, am i now paying interest charges for $502,500?
I appreciate your concern, however im earning 30% on what im deffering wich is alot more than what is snowballing

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Financing a Multi-Family Home?

Posted in Renting & Real Estate on 06/06/2008 04:21 pm by admin
KitKat asked:


Due to some severe health problems I had to file bankruptsy which was finalized Jan 2006, what would my chances be of getting a home loan to finance a duplex, tri-plex or a four-plex. I plan on living in one and renting out the others. Any advice on the best way to go about this?

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First time home buyers, do we have a limit to the size of the loan?

Posted in Renting & Real Estate on 06/06/2008 01:58 pm by admin
pineapple asked:


I dont know where to start. The house Im interested in is 513,000 dollars w/ 650 credit can you average how much my rent will be if I do 100 % financing.

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What does re-financing mean? Please explain. What happens when a person refinances their home? Do they get?

Posted in Credit on 06/03/2008 12:01 pm by admin
xratedmami05 asked:


money when it is refinanced?
is refinancing a good thing or bad?

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Can you add additional cost to a home loan to purchase appliances?

Posted in Renting & Real Estate on 06/01/2008 12:42 pm by admin
Rox asked:


I found a house that I am in love with and a company that will offer 100% financing…so I would have enough saved up for the closing costs, but not enough to purchase a fridge and washer and dryer. So I was wonder if anyone knew if you could borrow a little more to purchase such items?

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