Mark Forest
Second mortgages
Why would a bank or anyone take a second mortgage? If things go bad wont the first lien holder get everything? The only thing I can think of is that the market value of the property hopefully increases past the ...
Chris Duzan
Mortgage Shopping
Hey guys,I'm shopping around for mortgage rates for my first property and I was just wondering if there is any kind of unspoken rule or assumption about this process. Do any national banks have lending standards that ...
Aaron T.
Freedom Mortgage
I am in the process of a refinance with a local mortgage broker. She has me set up with Freedom Mortgage Corporation. After looking at several online reviews, i am not comfortable moving forward with this refinance. H...
Ben Sinkunas
FHA mortgage
Is there a rule that says you can't use your income to qualify for a mortgage if you don't have a two years of continuous history of working at the same employer? We have talked to three different lenders that say we...
Jody Young
Reverse Mortgages
Does anyone know who the major lenders are in the reverse mortgage market? I'm looking at them as a lead source for homeowners (those that use this product). Thanks BP'ers!
Eli M.
Mortgage assignment
I have a mortgage against a certain property in Philadelphia, i was wondering how can i sell/assign my mortgage to a third party ?
Drew Poniewaz
FHA Mortgage
I have an FHA loan on my private residence. I would like to buy a new private residence and rent out my first house as a rental property. Is there anyway around the FHA loan and renting my original home? Can the FHA l...
Brandon Gamblin
Mortgage agreements
Can someone help me understand what clauses are in a mortgage agreement between the bank and their borrower? Do clauses differ from bank (U.S. Bank) to bank (Bank Of America)? Does location of the same bank (Wells Far...
Collin Smith
small mortgages?
I am looking at a property that is listed at $99,000. I hope to get it lower than that but I am running into an issue with banks financing a small mortgage like that. The banks I have worked with in the past won't g...
Account Closed
Mortgage Tax
Is there mortgage tax in NY State when you refinance or sell, or is this just exclusive to NYC and it's boroughs?I don't think so (except for NYC) but my lender has made me question this. Can someone clarify this? The...