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13

Ok, One Extra Mortgage Payment per Year Takes off How Much on Your Loan?

A.D. asks from Dallas

For instance, my mortgage (with taxes and insurance) is $1000 a month. If I paid an extra $1000 a year how much would it take off at the end of the loan? Say I have...

22

Mortgage Question

A.M. asks from New York

We are preparing ourselves to by our first home within the year. Today we were told we could afford a mortgage of $X. Now, NJ is a very expensive state so what X can ...

6

Who Can I Turn to When My Mortgage Company Has Botched My Home Loan Modificaton?

H.B. asks from Dallas

Hi, Mommies. I just got off the phone with my mortgage company in tears. We have been going through the modification process for over a year and have done and paid ...

4

Home Mortgage Lender

K.H. asks from Dallas

So my husband & I are in the process of trying to get preapproved for a home loan. Problem is, is that we don't have any "revolving" credit. We worked really hard to ...

25

Need Advise on Loan Modifications

E.M. asks from Los Angeles

Hello everyone, I need your advise on loan modication . I need to reduce my mortgage payment. I am a displanced worker , I can not find a decent job. I have a 15 yea...

6

USDA Loan~good or Bad?

H.K. asks from Gainesville

We are getting SHIP funds along with a USDA loan. I thought a USDA loan was a good thing until recently a person on the radio was advising someone to never get a USDA...

11

Home Equity vs Another Mortgage

B.A. asks from Miami

Good morning Mamas, My husband and I are considering buying another house. We currently live in a townhouse with a small yard, but want something a little bigger wi...

4

VA Loan and Divorce

S.B. asks from Dallas

Here is the situation...My husband at the time and I bought a home with a VA loan (my ex is the veteran). We have since divorced and I got the house in the divorce s...

22

Could We Get a Mortgage with These Problems

J.G. asks from Dallas

We are looking into buying a house now that we have the income to do so but my husband had a little problem with his student loan. When he first graduated from law sc...

6

Mortgage Refinancing for Upside down Mortgages

M.W. asks from Boise

Does anyone know about this? I heard if you bought your house before the housing market crash, and your mortgage is now way upside down, you could refinance at a rea...

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Answer Highlights

  • freddie mac or fannie in 2 answers "(thanks Obama). If your home is serviced by Freddie Mac or Fannie Mae, you should ..."
  • debt to income ratio in 5 answers "... down which can be tricky for your credit score) and actual debt to income ratio ..."
  • pay taxes on your income in 2 answers "If you pay taxes on your income then you can list it as income with the mortgage company."
  • pay one extra payment in 2 answers "I have been told that if you pay one extra payment per year, every year, during the ..."
  • your credit score in 3 answers "... you would have to close accounts down which can be tricky for your credit score ..."