Mortgage Q&A’s

Category archives for: Mortgage Q&A’s

What mortgages offer reduced initial payments for first-time or cash-strapped homebuyers?

What are the disadvantages of these mortgage options?

Aug 30 2011 | Posted in Mortgage Q&A's | Read More »

Question about selling my house with a mortgage.?

Question by Ryan G: Question about selling my house with a mortgage.? I am trying to figure out what happens with the mortgage when selling a house. I asked a similar question in these boards and got this response. “When you sell, you pay off your mortgage and buyer gets their own, new mortgage.” Well [...]

Aug 28 2011 | Posted in Mortgage Q&A's | Read More »

does anyone know what this bill is to congress for help with peoples mortgages? – stop foreclosure

Is this bill to stop foreclosure and rewrite loans? Would it be for 2nd and 3rd mortgages too?

Aug 28 2011 | Posted in Mortgage Q&A's | Read More »

What is the downside of reverse mortgages?

My in-laws are elderly (in their mid and late 80s) and own their home outright. The in home care expenses for my father in law are mounting and reverse mortgaging their home seems to be the answer. Does anyone have any suggestions about who to go with for the lowest rates or what any down [...]

Aug 26 2011 | Posted in Mortgage Q&A's | Read More »

Do special joint mortgages between parents and children exist in the US similar to those I found for the UK?

I live in an area that is very attractive for real estate investment. My parents would like to help me get my foot in the door with a first home purchase. However, I would not be able to afford a mortgage in this market without additional help. I have found information regarding special joint mortgages [...]

Aug 24 2011 | Posted in Mortgage Q&A's | Read More »

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