Archive for December, 2009

What percentage of your income goes towards your mortgage payments?

Thursday, December 31st, 2009

Ash If you don't mind my asking, I'm trying to figure out what a reasonable percent of my income is to be going towards a mortgage payment. My partner and I make around $6500 gross monthly, and I'm wondering what percent of that we could reasonably spend on a ...

What kind of interest rates and monthly payments can a DMP get?

Wednesday, December 30th, 2009

russell h If you get into a debt management plan with a credit counselor, can they really get your credit card interest rates and monthly payments lowered? How low can they get the rates and payments down too?Wine Gifts

Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year?

Sunday, December 20th, 2009

Kate373 My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that's bound to occur as a result of this, they are worried about what refinancing has ...

What happens to a real mortgage when a debtor files for bankruptcy?

Monday, December 14th, 2009

JV I'm a creditor whose debt is secured by a real mortgage. I've received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from ...

How much money do mortgage brokers make?

Thursday, December 10th, 2009

Carson I heard that mortgage brokers drive Porches and make tons of money. By and large, how much does the average mortgage broker make?Home Theater Speakers

Can you get a mortgage allowing you to bid on a foreclosed property?

Thursday, December 10th, 2009

Die Bart Die Our realtor advises that only buyers with cash in hand can buy foreclosed properties at auction. There is a technical challenge buying if you need a mortgage as you have to be in contract to be able to get the mortgage approved. Is this true or is ...

What happens to the second mortgage when the first mortgage forecloses?

Tuesday, December 1st, 2009

Painted Jezebel I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.Cycling Sunglasses