Category archives for: Mortgage Q&A’s

Can I refinance even if my mortgage owed is more than my home is worth.?

Question by veron: Can I refinance even if my mortgage owed is more than my home is worth.? I am late for August and September on my mortgage, my mortgage amount is more than the home is worth on the market today, is it possible to refinance the mortgage. Best answer: Answer by Frank If [...]

How do I avoid two mortgages?

My spouse and I currently own a home. We want to build another home on family land. Are there any programs we can use to avoid two mortgages? We cannot afford two mortgages and don’t want to have to sell our home, move into a rental, then move again. Any advice is appreciated. We are [...]

How often can you refinance your home in the state of Florida?

Question by Scott B: How often can you refinance your home in the state of Florida? I feel like I really got burned at the closing table when figures all of the sudden changed and the pressure was on. Best answer: Answer by HLong talk to someone in that business in your area Add your [...]

There are at least 2 different types of home equity 1st mortgages out there. Does anyone know what they are?

I am looking for a 1st mortgages heloc. I know that Macquire Mortgage is one but I don’t know the other. The product I am looking for is fairly new. It is a 1st mortgage HELOC. It is a loan just like a 30yr. mortgage that most people use to purchase their house. The difference [...]

Is Wells Fargo different from Lehman, Bear Sterns, and others who’ve gone under? Do they resell mortgages?

Does Wells Fargo sell the mortgages they underwrite? Do they trade in mortgage-backed securities? The appear to stay afloat for now. Would like to know what they are doing right. Thanks!

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