Comments for mortgage meld info http://www.mortgagemeld.info Sat, 16 Jan 2010 19:47:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Where can I learn the mortgage loan process before starting work? by Curhat http://www.mortgagemeld.info/2010/01/16/where-can-i-learn-the-mortgage-loan-process-before-starting-work/comment-page-1/#comment-120 Curhat Sat, 16 Jan 2010 19:47:19 +0000 http://www.mortgagemeld.info/2010/01/16/where-can-i-learn-the-mortgage-loan-process-before-starting-work/#comment-120 I have been question like this. I solved at http://homemortgageloansrates.blogspot.com .... CLICK I have been question like this. I solved at http://homemortgageloansrates.blogspot.com …. CLICK

]]> Comment on Where can I learn the mortgage loan process before starting work? by Gaytheist Buddha http://www.mortgagemeld.info/2010/01/16/where-can-i-learn-the-mortgage-loan-process-before-starting-work/comment-page-1/#comment-119 Gaytheist Buddha Sat, 16 Jan 2010 18:52:41 +0000 http://www.mortgagemeld.info/2010/01/16/where-can-i-learn-the-mortgage-loan-process-before-starting-work/#comment-119 Read "Home Buying for Dummies" available from your public library or independent bookseller. Tells all about the home purchasing and finance processes. Read “Home Buying for Dummies” available from your public library or independent bookseller. Tells all about the home purchasing and finance processes.

]]> Comment on What percentage of your income goes towards your mortgage payments? by Desiree http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/comment-page-1/#comment-118 Desiree Sat, 16 Jan 2010 18:33:58 +0000 http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/#comment-118 we are at a little less than 1/3. we are at a little less than 1/3.

]]> Comment on What percentage of your income goes towards your mortgage payments? by Jennifer K http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/comment-page-1/#comment-117 Jennifer K Sat, 16 Jan 2010 17:41:04 +0000 http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/#comment-117 The 30% should include mortgage, taxes, fees, insurance, and maintenance of the property. Utilities do not count as part of the 30%. The 30% should include mortgage, taxes, fees, insurance, and maintenance of the property. Utilities do not count as part of the 30%.

]]> Comment on What percentage of your income goes towards your mortgage payments? by MonaLisa Overdrive AM VT wannabe http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/comment-page-1/#comment-116 MonaLisa Overdrive AM VT wannabe Sat, 16 Jan 2010 16:42:06 +0000 http://www.mortgagemeld.info/2010/01/16/what-percentage-of-your-income-goes-towards-your-mortgage-payments/#comment-116 The rule of thumb is 30% of your take home, or 40% of your gross. Remember that the interest and proprty taxes (most of your payment in the first years) is tax deductible. The rule of thumb is 30% of your take home, or 40% of your gross. Remember that the interest and proprty taxes (most of your payment in the first years) is tax deductible.

]]> Comment on I have a mortgage on one home, can I get a second mortgage to pay for another house? by sara sentor http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/comment-page-1/#comment-115 sara sentor Sat, 16 Jan 2010 15:31:05 +0000 http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-115 Refinance after bankruptcy is pretty much like substituting it with a completely new mortgage. And second mortgage is one such option for you. It's good for you to know that you can actually refinance with second mortgage even though if you are suffering from bad credit. So look out for good reliable lender and work on refinancing. For more on bankruptcy mortgage refinance and second mortgage refinancing, log in to: http://www.4refinancemortgage.com/yourmortgagebasics/second_mortgage.html http://www.4refinancemortgage.com/yourmortgagebasics/refinancebankruptcy.html respectively. Refinance after bankruptcy is pretty much like substituting it with a completely new mortgage. And second mortgage is one such option for you. It’s good for you to know that you can actually refinance with second mortgage even though if you are suffering from bad credit. So look out for good reliable lender and work on refinancing.
For more on bankruptcy mortgage refinance and second mortgage refinancing, log in to: http://www.4refinancemortgage.com/yourmortgagebasics/second_mortgage.html
http://www.4refinancemortgage.com/yourmortgagebasics/refinancebankruptcy.html respectively.

]]> Comment on I have a mortgage on one home, can I get a second mortgage to pay for another house? by Debt Guru http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/comment-page-1/#comment-114 Debt Guru Sat, 16 Jan 2010 14:42:36 +0000 http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-114 Also use a free quote service such as https://www.bills.com/mortgage/mortgage_refinance/ to get quotes from at least 3 - 4 lenders. that way you will know where you stand, and will be better informed to make your decision. Also use a free quote service such as https://www.bills.com/mortgage/mortgage_refinance/ to get quotes from at least 3 – 4 lenders. that way you will know where you stand, and will be better informed to make your decision.

]]> Comment on I have a mortgage on one home, can I get a second mortgage to pay for another house? by EDDIE F http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/comment-page-1/#comment-113 EDDIE F Sat, 16 Jan 2010 14:40:53 +0000 http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-113 I was once in your situation. Don't worry, everything will work out for you =) A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money. http://www.mortgage-and-rent-assistance.org Good Luck! I was once in your situation. Don’t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.mortgage-and-rent-assistance.org

Good Luck!

]]> Comment on I have a mortgage on one home, can I get a second mortgage to pay for another house? by Renovation Specialist http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/comment-page-1/#comment-112 Renovation Specialist Sat, 16 Jan 2010 13:52:06 +0000 http://www.mortgagemeld.info/2010/01/16/i-have-a-mortgage-on-one-home-can-i-get-a-second-mortgage-to-pay-for-another-house/#comment-112 I would have to say yes to both of your questions. You can refinancing your current home and pull cash out to put down on the new home. You can also rent out the current home to off set your monthly obligations. So, you will be getting cash out the home and getting a tenant to pay your current mortgage. But, if you can get a tenant to rent out your home in the time you have to move. Your mortgage lender would simply have to make sure your debt to income ratios will allow you to take on two mortgages. As for the BK most lender would require you to have it discharged for at least 24 months. The lenders that would allow you to get a loan with a BK discharged for a couple of day would give you a higher rate as well as a lower loan amount. Which basically means you'll have to put down more money then you'd like too. I would have to say yes to both of your questions. You can refinancing your current home and pull cash out to put down on the new home. You can also rent out the current home to off set your monthly obligations. So, you will be getting cash out the home and getting a tenant to pay your current mortgage. But, if you can get a tenant to rent out your home in the time you have to move. Your mortgage lender would simply have to make sure your debt to income ratios will allow you to take on two mortgages. As for the BK most lender would require you to have it discharged for at least 24 months. The lenders that would allow you to get a loan with a BK discharged for a couple of day would give you a higher rate as well as a lower loan amount. Which basically means you’ll have to put down more money then you’d like too.

]]> Comment on What happens to your mortgage if you sell your home for less than you owe? by Neil http://www.mortgagemeld.info/2010/01/16/what-happens-to-your-mortgage-if-you-sell-your-home-for-less-than-you-owe/comment-page-1/#comment-109 Neil Sat, 16 Jan 2010 13:10:46 +0000 http://www.mortgagemeld.info/2010/01/16/what-happens-to-your-mortgage-if-you-sell-your-home-for-less-than-you-owe/#comment-109 You have to pay the balance at closing otherwise the buyer's mortgage company won't give them a mortgage. You could try to get loan modification on your existing loan. Consider calling HUD at (800) 569-4287 and take advantage of their free financial counseling services. A good site I used to get some help can be found at http://www.credit-hub.net/loan-modification where I entered some details about my current mortgage and the company got back to me multiple loan modification proposals. You have to pay the balance at closing otherwise the buyer’s mortgage company won’t give them a mortgage. You could try to get loan modification on your existing loan. Consider calling HUD at (800) 569-4287 and take advantage of their free financial counseling services. A good site I used to get some help can be found at http://www.credit-hub.net/loan-modification where I entered some details about my current mortgage and the company got back to me multiple loan modification proposals.

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