Christopher asked:


Would I have the best gains with my current 30 fixed at 8 % or put myself in a better position by getting a reverse mortgage for now, knowing that I am going to sell in four years? I am 72 and my payment is 488.00 excluding taxes and insurance. The cost of the reverse mortgage is 7 grand, and the interest rate can go as high as 14.8%.

Sue

lile79 asked:


Just wondering how to go about finding if a person really owns a home or if I am being bull shitted…? Thanks

Jessie

kiapoodle asked:


send me a coupon for escorw shorage of 275.00 why ? Would be better if I pay them the 275.00 or find another moragage company or refinced again?

Gregory

PrimeConcern asked:


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 country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher.

Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.

Beverly

rhlkale asked:


I want to know for my budget.

Samuel

julius k asked:


is this ia tax write off

Jose

S B asked:


He is 27 and does not contribute in any way to the upkeep of the house, financially or otherwise. My wife is too soft to insist on elementary things like he clean up his plates and she is unlikely to agree to ask him to leave. I thought if I had the right to ask him to leave unilaterally, it might act as a pseudo threat to establish ground rues.

Shawn

col E asked:


we have credit scores of 711 and 789
we would put 3.5% down =$5775
first time home buyers
We live in PA
Thank you for your help!

Kathleen

D G asked:


We will be listed as “entering foreclosure” until September, but have already made 5 consecutive payments into the forebearance plan, including a large down payment. However, in order to get our finances in order and pay education costs, we need to take out a home equity loan. Will lenders approve the loan (if we have one great credit score, one bad, and a good income) in our current state? Or would it be rejected outright?

Elmer

dave s asked:


I am planning to buy a new house. What would be better, to take two loans (primary and secondary) on the new home, or to take one loan and home equity from my first home (which was paid in full) to put into the new house?

Jorge