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Do You Have Income With A Reverse Mortgage Loan?

I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.

Category: mortgage  Tags: , , , , ,  3 Comments

What To Do When You Lose Your Mortgage Papers?

Apparently, my mortgage papers desapear and I need it to suit the company. Where I can fing it?

Category: mortgage  Tags: , , , , ,  4 Comments

What Is The Profile Of The Average Person Who Defaulted On His Subprime Mortgage?

It seems that the subprime mortgage debacle has turned out to be very serious, so much so, that it has world-wide implications. Even here in China, the Chinese are worried about it. Does it make sense to analyze this problem, to see what caused it so that it doesn’t happen again? Why don’t we start by looking at the actual person who defaults on his loan. What kind of person is he? What demographic does he fit? What is his profile?

Would It Hurt My Chances At A Mortgage If I Took A Different Job With The Same Company?

I work for T-Mobile in sales but am about to take a financial care position with the same company. I am going to school right now for family financial planning so it relates more to my major. I will be getting a raise. Will it mess up my shot at a mortgage?

Is It Possible To Combine My Personal Loan With A Mortgage?

I have a personal loan with the bank for £15,000. I want to get a property, but I know I won’t be able to get a mortgage and pay the loan at the same time. I therefore wondered if it would be possible to incorporatre the loan into the mortage, so I basically add £15000 onto the mortgage. What do you think?

How Do I Remove My Father’s Mortgage From My Credit Report?

I want to buy my own house now but my credit shows I have a mortgage and a lender says the only way to get it removed is for my dad to refinance the house. I know that’s one way to do it.
I also know if there’s another way to do it they won’t tell me coz they want my dad to have their loan, what other ways I can do that?
Is writting a letter to the bureaus get it removed?

What Is The Best Refinance Plan To Reduce My Monthly Mortgage Payments?

I’m looking for the best plan as in:
- Not getting my face ripped off in closing cost
- Not increasing my current interest rate of 5.8 to something over 8%
- Not having to pay thousands in points
It seems I’m having the same dilemna as when I bought my house and rates were supposedly “low” 4 years ago. I know I can’t win, but I simply can’t afford my current mortgage payment of $1500+ a month on a house I mortgage $185K for.

How To Go About Getting A Short Sale And Forgiven Debt On My Mortgage?

What is forgiven debt in relation to mortgage short sales? How do I go about pursueing this?

How Do I File A Complaint About A Mortgage Company?

Our mortgage was just sold to Citimortgage and they are awful. I have tried to work with them but have gotten know where. I would like to file a complaint but am not sure who to file it woth.

Where To Find A Good Mortgage For A First Time Buyer?

i want to get a loan for 50,000 and for 30 years.
i am a first time buyer
also the purchase is not through a realtor

Is There Any Way To Add Another Person’s Income In A Mortgage Application Without Them Being A Co-applicant?

Hello…
I will be prequalifying for a mortgage in February. I have very good credit but don’t make enough money for me to qualify for the mortgage amount I want. The person that will be living with me and helping to pay the mortgage has terrible credit, but if we could combine our incomes we could get the house we want. Is there any way of having both incomes and only my credit considered? The other person is not a spouse and I am planning on applying with Bank of America. Maybe someone who was in the same situation can help. Thanks in advance

What Are The Basic Requirements For A Mortgage?

What do mortgage loan brokers look at when you’re trying to finance a home for the first time..besides FICO Score? Like how many years on a job do you need? ..and so forth?

I Have A Unsecured Mortgage On A Property On A Property Abroad – What Does This Mean?

I have read the contract and it says that the mortgage is secured against the foreign property (however it is unsecured). Does this mean that the mortgage company has no right to my UK property?

What About A 2nd Career As A Mortgage Originator. Where Can I Get On-line Training And What About The Pay?

I am 62 and thinking about semi-retiring. I would like information concerning mortgage loan originators. How much do they make on average? Do you have to work for a bank or other lender or can you work freelance? How do you obtain the necessary training?

Can I Get A Mortgage For A Building Plot?

I have seen a field in the countryside with full planning permission for a two storey dwelling. I was wondering is it possible to get a mortgage to buy the land? Also, is there a mortgage available to buy the land and build the house?
Thanks alot! :)

Category: mortgage  Tags: , ,  3 Comments