Renting & Real Estate
What happens to the second mortgage when the first mortgage forecloses?
September 6, 2009 by Mr mortgag · 5 Comments
Painted Jezebel asked:
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.
http://www.freenowf.info
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.
http://www.freenowf.info
How much lead generation do you do? Agents?
September 6, 2009 by Mr mortgag · 2 Comments
Brent G asked:
Who do you call? People you know or people around your listings or just straight up cold call?
http://www.submitad.net/index.html
Who do you call? People you know or people around your listings or just straight up cold call?
http://www.submitad.net/index.html
Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year?
September 5, 2009 by Mr mortgag · 5 Comments
Kate373 asked:
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 in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments —and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They’ve both been at their great paying jobs for over a decade; but they are still worried about whether they will be able to secure a decent fixed rate when their mandatory refinance is up. Any hope?
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 in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments —and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They’ve both been at their great paying jobs for over a decade; but they are still worried about whether they will be able to secure a decent fixed rate when their mandatory refinance is up. Any hope?
How does my mortgage affect letting my house out?
September 3, 2009 by Mr mortgag · 1 Comment
Spunkfight asked:
I have an interest only mortgage with my mortgage lender but I would now like to let my house out.
I have an interest only mortgage with my mortgage lender but I would now like to let my house out.
I have been advised that if I let my house out I am obliged to let my mortgage provider know.
I don’t know what the repercussions of this would be if I did or didn’t tell them. How would they find out if I just let it out anyway? What would they do if they ever found out? If I meet their mortgage repayments they shouldn’t have a problem, should they?
Can anyone enlighten me on these matters?
Can a seller offer an agent a monetary incentive beyond their commission?
August 29, 2009 by Mr mortgag · 4 Comments
ursaitaliano70 asked:
Can a seller tell his listing agent to offer other agents a monetary bonus, in addition to their regular commission, as an incentive to find prospective buyers. The seller will pay the bonus at closing.
Is this ethical / legal, typically done? Seems like a bribe to me.
Also, in the best interest of the seller, the prospective buyer should not be aware of this monetary bonus/incentive. Correct?
trackin with veretek
Can a seller tell his listing agent to offer other agents a monetary bonus, in addition to their regular commission, as an incentive to find prospective buyers. The seller will pay the bonus at closing.
Is this ethical / legal, typically done? Seems like a bribe to me.
Also, in the best interest of the seller, the prospective buyer should not be aware of this monetary bonus/incentive. Correct?
trackin with veretek
I am a Starbucks addict living in the northern suburbs of Chicago. I am a freelance web designer as well as an internet consultant who can be hired on an hourly basis. 