Archive for the ‘Personal Finance’ Category

How much money do you have saved? *OR* How deep are you in debt? (credit card, student loan, mortgage, etc.)?

That’s Bobo asked:


Any added details on your current financial situation would also be interesting. Just seeing how badly people may be hurting from the economic slow down.

LEONARDO
 

How long does a person have to stay in a USDA loan, before they can refinance with another mortgage company?

bgsimsrvp asked:


The individual took the loan out quite awhile back, when she was a struggling single mother. Now she is making around 80K per year, and doing fine. Wants to refinance so as to consolidate debts into a low interest, low payment fixed loan. The prospective mortgage companies won’t touch her existing loan due to the fact that it is a USDA loan.

CARL
 

Is it possible to roll $27K in student loans into a new mortgage loan?

grkitalsizzlah01 asked:


I plan on buying a house or a condo in the next couple of weeks. Can I roll my student loans of $27,000 into a new mortgage loan to consolidate?

JEFF
 

If I have a credit score of 630, and 5% to pay down, how hard should it be for me to get a mortgage loan?

Brown_Eyed_Girl asked:


I am looking at houses in the $100-150,000 range. Do you have any advice? I am a first time home buyer and don’t want to get screwed or get into big trouble later down the road!! Thanks!

JOHN
 

Will my mortgage/loan be affected by CitiGroups’s purchase of Wachovia?

Ted asked:


My mortgage lender is CitiMortgage. Will my mortgage/loan be affected in any way since CitiGroup purchased Wachovia? Will it have any effect on me financially in any way?

MATT
 

Is a Reverse Mortgage a safe loan?

MrStevens asked:


My neighbor told me about these reverse mortgage loans and I wanted to ask here if this a safe way to get some cash out of my home. I live in Ft. Lauderdale, Fl. and am retired 6 years now.

NATHAN
 

my mother cosigned a mortgage loan can we get her off it?

Heidi B asked:


we were told at signing if we made pmts on time for a yr we could drop co signer.now they say no unless we refinance.is there any way to get her off the loan?

ARMAND
 

Are there any circumstances that would help qualify a 55 yr old man on disability for a reverse mortgage loan?

Mary M asked:


The house is completely paid for. He’s unable to work and is not yet receiving social sercurity, although the application is being processed. The mortgage companies will finance a reverse mortgage when the applicant reaches 62. Chronologically he is 55, physically the doctors have put him closer to 70 due to his many, many health and mental conditions.

KRISTOPHER
 

Are There Any Special Lower-Interest Mortgage Loans ?

Just Me asked:


I want to build a small house in a rural area but I am single and don’t make a lot of money. Are there any special lower-interest loans available that I might qualify for?

(If students can get scholorships for school I was thinking there might be special programs out there to help people to buy/build homes. This would not be my first home so I guess I wouldn’t qualify for Fannie Mae)

This is really mportant to me so please let me know if you have any information on mortgage/construction loans that might help me. Thank you!

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can I be sued if I voluntarily let my motor home go to the bank that we have it financed with?

fun2sun1941 asked:


We have a little savings, can we be made to use that until it is gone? what is the worse thing that can happen?

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