Posts Tagged ‘mortgage broker’

What does it mean to take out a 2nd or 3rd mortgage out?

Sunday, August 1st, 2010

l thought a mortgage was a mortgage. Buy a house, give up your life, slave away to pay until you are 80.

so whats the deal with taking out a 2nd or 3rd or 4th mortgage? what does that mean?

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Is it possible to combine 1st and 2nd mortgage into one?

Friday, April 16th, 2010

We have about 8 years left on our first mortgage (owe about 64K) and just refied our second (at 98K) for 15 years. Since we have at least 15 years left on the second, would it make sense to refi them both for 15 and get lower payments? The first is 4.875% fixed and the second is 3.09% variable…

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Can I refinance my home if I have less than 20% equity with my mortgage and home equity loan combined?

Tuesday, March 30th, 2010

The value of my home has declined but I would like to get a lower interest rate, especially on the home equity loan. Help.

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Searching for home improvement loans (in Ontario) can be confusing. Can someone help us?

Friday, February 12th, 2010

We currently have a 1st mortgage with Resmor. We would like to renovate (and insulate) our second floor not only to accomodate heating costs but to bring in a boarder to help offset our costs. We need about K. Our finances haven’t been the best in the past but we’ve worked hard to increase our credit score, paying on time and is much better now.

Is it best to approach our bank for a home improvement loan? If one turns us down, should we continue looking? Should we bring a recent credit report and show how we intend to pay it?

Our equity doesn’t give us enough to do this and we prefer not to use our credit cards because of higher interest.

Once we’ve raised the value of our home, would this be a good time to put this loan onto a second mortgage? A mortgage broker has offered to do a 2nd mortgage with us. I get so confused with ALL these people who want our money. Help!

If my 2nd home forecloses, and my 2nd mortgage on my 1st home is with that same lender, what will happen?

Wednesday, February 10th, 2010

2 mortgages on the primary home that will remain in good standing (no late payments). The 2nd mortgage is with the same lender as the investment house. If the investment house forecloses with negative equity, will the first home be in jeopardy?

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How soon can we take out a home equity loan?

Saturday, November 28th, 2009

My husband and I are in the process of buying a house.. we were told by our realtor and mortgage broker that the house appraised for 30k more then what we are paying for it.
If this is true and we buy the house would we be able to take out an equity loan on the house as soon as we buy it since the house is worth more then we are paying?
We’re doing FHA so we only have to put 3.5% down. So.. I’m assuming that means that we will have to pay into the house for a while before we can

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Home Equity Line Foreclosure? Filing for Bankruptcy?

Monday, November 2nd, 2009

I have a question regarding my Home Equity Line and Foreclosure. If my home is foreclosed what happens to my home equity line? Am I still obligated to pay the home equity line? Or is it part of losing the home?

I’ve heard that if the mortgage loan and home equity line are together with the same bank, then the whole thing is foreclosed. Is this correct? Can someone please explain?

At this point I just want to get rid of the house and all of the debt. Can I file for bankruptcy and claim my home equity line in bankruptcy? I personally just want to get a fresh start without all of this debt.

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I live in Canada, What is a good interest rate on home equity loan?

Friday, October 9th, 2009

I have a good credit score and I have about 30,000 equity in my home…I’m looking for a good line of credit without any fees to start up. Which lender should I borrow from for the absolute best interest rate? RIght now TD says they’ll offer me prime plus 1 which is 3.5%, i’m looking for something like 3% without the 500 dollar fee to start the line of credit. Any ideas?

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Need to find out about tax lien on home.Taxes owed are by husband. Home is only in wifes name,is she liable?

Sunday, September 27th, 2009

My son owes back taxes, before getting married. IRS has put a tax lien on a commercial property as well as their home. Commercial property is in both of their names.The home is only in the wifes name, IRS has put a lien on this property as well, can they do this? even if it is my son who owes the taxes. They have tried to negotiate a settlement with the IRS and have been unsucessful. They want to get a home equity loan to pay off the taxes owed but can’t because of lien on their home. Any ideas how to resolve this situation.

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Should I get a Home Equity Line of Credit?

Sunday, September 27th, 2009

I am buying a home. The mortgage broker tells me I can get a HELOC with zero closing costs in addition to the mortgage. I don’t need it currently, but is it useful to get it for the future in case I need money? I am financially stable and have very good credit.

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Related ‘mortgage broker’ sites :


Mortgage broker - Wikipedia, the free encyclopedia
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. ... Mortgage brokers exist to find a bank or a direct lender that an ...
en.wikipedia.org/wiki/Mortgage_broker
 
Mortgage broker: Definition from Answers.com
Mortgage Broker An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate mortgages
www.answers.com/topic/mortgage-broker
 
Mortgage Broker - Find Local Brokers and Mortgage Lenders in ...
Search the largest nationwide directory of mortgage brokers and lenders to find the best mortgage rate in your area. Receive a free home loan quote today!
www.personalhomeloanmortgages.com/broker
 
Irish Mortgage Brokers | Mortgage Brokers Dublin, 100% Mortgage
Irish Mortgage Brokers, information on all types of mortgages, mortgage rates, we have an informative Mortgage and Finance Blog. Mortgage comparison, mortgage ...
www.mortgagebrokers.ie
 
NAMB - Home
Home Page for the National Association of Mortgage Brokers.
www.namb.org
 
Mortgage Broker | The Key to Finding the Right Mortgage for You.
Get the Best Fixed Rate Mortgages, First Time Buyer Mortgages, Bridging Loans, Bad Credit, Buy to Let, Self Cert and Offset Deals at The Mortgage Broker
www.themortgagebroker.co.uk
 
Mortgage Broker, Mortgage Companies & Brokers
Browse our mortgage directory and find local mortgage brokers, lenders and companies in your state. Service information, maps and contact details available.
www.mortgageloan.com/Mortgage
 
Canada's "Elite Mortgage Team" - Mortgage Brokers Ottawa ...
Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.
www.mortgagebrokersottawa.com
 
Mortgage Brokers Licensing In Washington
Licensing information for Mortgage Brokers doing business in Washington State.
www.dfi.wa.gov/cs/mortgage.htm
 
What is a Mortgage Broker?
Brief and Straightforward Guide: What is a Mortgage Broker? ... Instead, he or she works with borrowers, assisting them in finding appropriately matched mortgage loans. ...
www.wisegeek.com/what-is-a-mortgage-broker.htm
 

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