Jun

20

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

Filed Under Elections | 7 Comments

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.

Website content

Jun

17

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

Filed Under Personal Finance | 2 Comments

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

Create a video blog…instantly.

Jun

6

Financing a Multi-Family Home?

Filed Under Renting & Real Estate | 3 Comments

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?

Caffeinated Content

Jun

6

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

Filed Under Renting & Real Estate | 6 Comments

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.

Caffeinated Content

Jun

3

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

Filed Under Credit | 14 Comments

xratedmami05 asked:


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

Caffeinated Content for WordPress

Jun

1

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

Filed Under Renting & Real Estate | 4 Comments

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?

Home Finance