Can having many mortgages on your credit drop your score?
Now go get ya shine box!!! I have a total of 3 mortgages and I am about to buy 5 more houses. I have heard (not from an expert but he sounded like he was speaking from experience) that once you get up to a certain number of debt or number of mortgages on your [...]
How do lenders come up with the interest rates for mortgages?
e e in california I want to know how banks set the interest rates for mortgages. All I know is that they move up and down with the fed funds rate and discount rate (Correct me if I am wrong). Does anyone know all factors that play into the rates that lenders come with? Is [...]
What percentage of Mortgages does CitiMortgage sell?
great_and_mighty_adam_levine My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro’s mortgage business. I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage. My question is, I know that each lender discloses the percentage of mortgages they anticipate selling (ABN [...]
How do interest rates affect different economic sectors?
Joakim M It’s not made clear as to what sort of economic sectors the question refers to. I know this much at least: -Increasing interest rates Higher mortgage costs Lower CPI Prevents inflation Slows the economy (decreasing GDP) Higher risk of recession -Decreasing interest rates Lower mortgage costs Higher CPI Steers economy towards inflation Speeds [...]
What different types of mortgages are there? I dont want to be scammed?
legacyconsultantsny I dont want to get scammed into taking a mortgage I dont need. Can a mortgage expert enlighten me on mortgages. i would also like to hear the laymans views as well. How many types are out there; Pros and cons. I just heard of an inerest only but the only sense I can [...]
What percentage of home loans are in default in America?
debbie in the draft I keep seeing the statistic 2.1 Mil in default. What percentage of home loans does that represent?Powered by Yahoo Answers
What type of advertising is permitted for first mortgages vs second mortgages?
scott h What is permitted and what is not permitted for advertising first and second mortgages? Is there a diffreence? According to RESPA, what type of advertising is permitted for first and second mortgages? Is there a difference?Powered by Yahoo Answers
What are mortgage interest rates likely to do in the next day or two?
Adam Today is Wed. 10/8, and my lender just called to tell me rates went up today. We are in escrow and been waiting to lock in because of the bailout plan. My lender said that Bernake (however you spell it) was supposed to lower interest rates but hasn’t done so yet. Any ideas on [...]
What are federal reserve interest rates and how do they affect the economy?
TNT DynaMiKe I know what the federal reserve is and I know what interest rates are. Now what is a federal reserve interest rate and what the heck does it mean to me?Powered by Yahoo Answers