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What is the differences between all these different mortgage terms?
August 9, 2009 – 11:42 am | 4 Comments

I am looking into different mortgage.
Get very confused by so many different kinds of them.
What are the differences?
If we are planning to get a 300K mortgage, and planning to stay in the house for at …

How does a mortgage holder get out of PMI payments on their mortgage loan?
August 8, 2009 – 11:42 am | 7 Comments

Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is …

How do you find various characteristics of a mortgage?
August 7, 2009 – 11:42 am | 4 Comments

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 …

How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?
August 6, 2009 – 11:42 am | 5 Comments

I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able …

How do I choose who to get my mortgage through? Major banks or smaller mortgage companies?
August 5, 2009 – 11:42 am | 3 Comments

I have an established relationship with Bank of America however there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or …

How does mortgage interest work when dealing with tax returns?
August 4, 2009 – 11:42 am | 2 Comments

How does a mortgage work when dealing with tax returns?
Do we get back all the interest that we pay off or a certain percentage?
Please provide backup in your answer.
http://www.irs.gov/publications/p936/ar02.html

How do you get the best mortgage deal?
August 3, 2009 – 11:42 am | 3 Comments

We have been pre-approved by a mortgage company. The mortgage company has recommended a real estate agent. I am a little leary of going with this real estate agent, however, because, being a …

How to mortgage a home with no credit history?
August 2, 2009 – 11:42 am | 5 Comments

How can one mortgage a home without any credit history? We don’t own any credit cards and credit is harder now to obtain than before. What kind of a down payment would we need?
Thanks!
creditreport.imess.net …

What is used to calculate the 31% for mortgage restructuring?
August 1, 2009 – 11:43 am | 3 Comments

What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?
It’s mortgage plus escrow.
All …

How much mortgage debt is there in the USA?
April 14, 2009 – 11:53 am | One Comment

Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the …