‘Mortgage Q&A's’ Archives
Do banks let you put only 10% down for mortgages anymore if you have great credit?
issue is.. I am purchasing a house that requires a substantial amount of renovations.. So i'm trying to keep a high cash flow to pay for it all out of pocket. So it would make things easier to only put 10% down instead of 20%, but people have recently told me that in this market banks arent doing it anymore.
what do the letters JTWSR mean when they are on records of mortgages & quit claim deeds ?
upon search of recorded county records I keep seeing JTWSR next to the names...what does this mean ? & in state of michigan, if a poa is not registered, is it still legal ? ask that those who answer please tell how they know answers & Great Scott...are poa's still legal etc "if recieving party admits to intentional tactics to obtain [...]
I have 3 mortgages but I can’t pay all anymore .Can I give 2 to the bank and keep one? < How ?
As many retired people in florida we was told to max up investment capabilities , 3 houses rented to pay themselfs -No thrue - We can't keep up payments from savings .We are to give up .How to prceed with the bank? - Financial concecuences?Related BlogsRelated Blogs on BankRelated Blogs on MortgagesLatest Mortgages Auctions
Is it possible to refinance 1st & 2nd mortgages for a brand new house immediately after I close?
I am required to use my builder's mortgage company b/c they are giving me incentives but the rates are 0.5% higher than other lendes on both the 1st and 2nd mortgages. I am wondering if I would be able to refinance both mortgages immediately after I close? What do I need to consider? What questions do I need to ask? Sale Price: $960k New [...]
What would happen if every1 agreed 2 stop paying mortgages & homes were repossessed with higher intrest rates?
The bank of England keep increasing interest charges to borrowers, wages are not going up in line with this, fuel charges are increasing, council tax will no doubt increase in April so if everyone who has a mortgage stopped paying, what could the lenders do? They wont be able to repossess all the houses of people who have not paid their [...]
