Amber J asked:


I went to a very expensive college for 5 years. I haven’t graduated yet since I’m working on my PhD. My loans aren’t due for another 2 years at least. I have $150,000 in student loans, some credit cards, and me and my fiance each have a car loan. Do we have any hope of getting a mortgage loan to buy a house?

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jimstock60 asked:


I financed with my builder and they out and out told me that they WOULD sell my mortgage, do I have to wait any amount of time to try to refinance? I’ve made two months worth of payments and been in the house for three, but I know they will sell a % of their loans and I’m thinking I’d rather choose who has my loan then let them sell it to someone who I don’t know. Opinions? Please?

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Katherine M asked:


My Husband of 23 years died on Vererans Day (after being diagnoised with Lung Cancer) & I live alone. I am a 52 year widow & have no idea as to removal of old & installation of new, My finances are very tight & I can’t afford to have a professional do it. I have watched my Husband do all the fixing around the house so I DO have some knowledge of just how things work. PLEASE help me. Thank you so very much. I do have a slight disability with a left crushed broken ankle from last year, but I still do the best I can, I have repaired a lot of different things around the house; but this problem I’m somewhat lost in taking care of. Again thank you very much

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Eddy T asked:


stable property value ensure demand for it. Prompt repayments of monthly instalments by mortgagors also enhance the property value and demand. Banks can also create new loans to house buyers. And preventing a bubble in the housing market.
Why is it important to ensure that the property value and loan repayment is promptly paid?

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Michael G asked:


I have a current mortgage of $135,000 on my primary residence. This single family home is valued at $300,000. I want to buy a piece of vacant land for $145,000. I have $40,000 to put down on it, so would need a loan for $105,000. I’ve been told to go with a home equity loan or HELOC. I’ve only had experience with fixed rate mortages so a variable rate kind of scares me. Any suggestions? Thank you.
Some details, my current mortgage is at 5.3% fixed so I don’t really want to touch it. Also, because this is vacant land I’ve been told that the interest rate will be around 8% for a fix rate loan on a non-residence property. Hope this helps.

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Ana C asked:


Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio?

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Ekaterina K asked:


I am talking about the case when you got 80/20% mortgage loans with 0% downpayment. I know that the 80% one is fully deductable, but not sure if I can deduct taxes for the second one

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BoxerPlay asked:


I want to start buying rental properties. I have some money, but I need more. Can I start a business, then get a business loan, to then mortgage these rental properties? Basically borrow money to use for down payments on mortgage loans.

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celia s asked:


I’m a mortgage loan officer. I need to find my my own clients to refinance, purchase or invest. I can do loan almost anywhere but first I need to find the clients (LOL). I’ve been cold calling but I haven’t had any luck yet. PLEASE HELP ME.

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