Archive for October, 2009

What If Suicide Makes Sense?

My life is horrible. I am 32 years old and live alone in a big city. . I have only one friend and he’s 150 miles away and now married. I have not had a permanent job in more than two years and even when I did, I hated what I did [...]


Is Pres. Bush Going To “bail Out,” Or Give A “bridge Loan” To The Auto Makers, Or Not?

Come on all ready!!! He knows what is at stake. Let’s get it done. To build a new economy we need the industrial infrastructure. With out saving the American Auto Manufacturers, I fear the economy will never recover.


What Is The Fastest Way To Bring It Up?

My credit score is really low!! I have a loan through my credit union they take the payment out of my check, Now should i get a secured credit card, or just start to pay some of the debt starting with oldest one first or a combo of both?!?!??


What Are The Major Drawbacks With Getting A Home Equity Loan On A Mortgage To Pay Off Credit Card Debt?

We’re in our 50’s, with a house that’s worth twice of what’s left to pay off on our mortgage. We were hoping to use the equity for our son’s college in a couple of years, or as a retirement cushion, but want to pay off some MAJOR credit card burdens. Any advice?


What Actual Mortgage Lenders (not Mortgage Brokers) Offer The Option Arm?

The option ARM can be a great alternative. The problem with the option ARM is people continue to always make the absolute lowest payment possible at the 2% or less interest rate thus creating a Negative Amoritization problem.
The Option ARM is designed to offer a borrower 4 payment options per month (by the [...]


If I Get A Reverse Mortgage Will I Deplete Most Of The Equity Out My Home? I Want To Move And Be A Renter?

Would I have the best gains with my current 30 fixed at 8 % or put myself in a better position by getting a reverse mortgage for now, knowing that I am going to sell in four years? I am 72 and my payment is 488.00 excluding taxes and insurance. The cost of the reverse [...]


Va Streamline Mortgage Anyone Know The Best Rates / Companies ?

Hard to say without some more specifics, but you can expect around 5.75%


I Have A Adjustable Rate Mortgage On My 1st?

and I can’t refi due to no equity. Do I have any options?


Are Reserves Required On A Usda Rd Loan?

On our template for RD Loans wer have 14 months of Hazard and 3 months of Tax reserves, but I thought that reserves were not a requirement of the RD loan?
Thanks


What Lender Currently Offers The 100% Cash Out Va Loan Option – And Only Reviews Experian?

I currently have a VA loan, and would like to refinance and get 100% cash out. The home will be rented out, and the cash out will be used for the down payment of my new home. Only one of my credit scores is over 620 (Experian), as I have been working for the past [...]