how do I know or find out who backs my mortgage?
Question by pawsalot: how do I know or find out who backs my mortgage? I have a mortgage that I pay to a financial institution but it doesn’t say freddie or fannie it is a bank. In fact US home mortgage is who I pay my payment too. I am told someone is backing my mortgage but who and how do I find that out exactly…I am sure my mortgage company won’t be forth coming with this information. Can you tell me how I would find this out? Best answer: Answer by Nikolas…by asking Know better? Leave your own answer in the...
Read MoreWhat are the risks associated with refinancing home loan with a local lender instead of the big companies?
by marsmet526 Question by MJ: What are the risks associated with refinancing home loan with a local lender instead of the big companies? we are in the process of refinancing our home & i recently submitted my contact info online & i’m receiving calls from many of the local lenders, clinic here Can anybody let me know if there are any risks associated with the small companies instead of going with big banks like Wells fargo , about it BOA or WaMu .. Thank u in advance … Best answer: Answer by BrennaIt’s extremely important to understand that with a little time and the right approach getting the absolute best mortgage refinancing is not a huge problem.Companies/businesses that arrange financial products of this natureenter into some research and groundwork on your own because the Internet can equip you with an absolute pot of gold of very helpful data when it is essential that you get the best mortgage refinancing. Add your own answer in the...
Read MoreQ&A: How can I get a loan modification through HAMP?
Question by Sandy: How can I get a loan modification through HAMP? I’m trying to get a loan modification through the government program created by President Obama.the website links me to lenders who want a fee to go over the loan process.How do I avoid scam artists? I was denied a loan modification through my mortgage lender, more about online Bank of America. Best answer: Answer by Sanmost of those are scams. You need to work with your bank. Why did they deny you? Give your answer to this question...
Read MoreQ&A: Regarding high interest rate on my home?
by marsmet526 Question by schatziepupos: Is there a program for home owners who are now underwater on their mortgages? I did a refinance on Our home with an appraisal of 235k now My home is only appraised at 153-165k. Best answer: Answer by JudyThe government can contact your current mortgage holder and see if something can be worked out. You may be able to re-fi and they could cut down “forgive” “forbearance” of some of your amount. It’s worth calling them. It’s a free service by the feds – HUD. http://makinghomeaffordable.gov/ Also try hopenow.com – its practically the same thing – just an older website They may be easier to contact by phone since the first site is kind of new. / Give your answer to this question below! Question by dancingshlee4285: How long after buying a home can you refinance? My husband I just bought home in July 2008 for 87k. Our interest rate is at 6.25. With the mortgage rates falling because of the economy, this we would like to refinance to pay off some bills and to get a lower rate. We are first time home buyers and have a fixed 30 year FHA loan. Do we have to wait one whole year to finance or can we do it now? Best answer: Answer by WoodySmart move. It depends on the fine print of your current loan. Does it have prepayment penalties or any other ugly clauses? I suggest you simply call your current lender and tell them you are thinking of doing and see what they say. They may even give you a break on document fees and closing costs to stay with them, although it may not matter with FHA. I just built a new home, closed in Sept for 6.34% and refinanced with a different lender for 4.75% in April. Tip – you can fold the closing costs and doic fees into the new loan if you don’t want to lay out the cash. Your monthly payment will still be much lower. Know better? Leave your own answer in the comments! Some cool castle images: Sandal Castle Image by SFB579 🙂 The castle, more about with pugneys waterpark behind. Far more excellent houses click right here… Castle of Alanya Image by ozgurmulazimoglu Alanya Castle (Alanya Kalesi) is a medieval castle in the southern Turkish city of Alanya. Most of the castle was constructed in the 13th century below the Seljuk Sultanate of Rûm following the city’s conquest in 1220 by Alaeddin Keykubad I as part of a building campaign that included the K?z?l Kule. This castle was constructed on the remnants of earlier Byzantine era and Roman era fortifications. The castle is situated 250 meters higher on a rocky peninsula jutting into the Mediterranean Sea, information pills which protects it from three sides. Right after the region was pacified below the Ottoman Empire, the castle ceased to be purely defensive, and several villas have been constructed inside the walls in the course of the 19th century. Right now the creating is an open air museum. Access to the seaward castle is ticketed, but significantly of the region inside the wall, which includes the landward castle is open to the general public. Türkçe: Surlar?n?n uzunlu?u 6.5 kilometreyi bulan Alanya Kalesi, denizden 250 metreye kadar yükselen yar?mada üzerindedir… Kandeleri ad?yla da bilinen Alanya yar?madas?ndaki yerle?im, Helenistik döneme kadar inmekle birlikte günümüze kalan tarihi dokusu 13. yüzy?l Selçuklu eseridir. Kale, 1221 y?l?nda kenti al?p yeniden in?a ettiren Selçuklu Sultan? Alaaddin Keykubat taraf?ndan yapt?r?lm??t?r. Kalenin 83 kulesi ve 140 burcu vard?r. Ortaça?da surlar?n içine yerle?mi? kentin su...
Read MoreIs there a program for home owners who are now underwater on their mortgages?
by marsmet526 Question by schatziepupos: Is there a program for home owners who are now underwater on their mortgages? I did a refinance on Our home with an appraisal of 235k now My home is only appraised at 153-165k. Best answer: Answer by JudyThe government can contact your current mortgage holder and see if something can be worked out. You may be able to re-fi and they could cut down “forgive” “forbearance” of some of your amount. It’s worth calling them. It’s a free service by the feds – HUD. http://makinghomeaffordable.gov/ Also try hopenow.com – its practically the same thing – just an older website They may be easier to contact by phone since the first site is kind of new. / Give your answer to this question...
Read MoreFHA help for homeowners program, do the homeowners have to pay tax on the amount that is forgiven?
Some cool apartment developing images: Apartment creating at Marine Drive Image by aromanos Apartment building at Marine Drive For far more houses click right here… by Chris Devers Question by curious mind: FHA help for homeowners program, drug do the homeowners have to pay tax on the amount that is forgiven? With this loan modification program, discount Help 4 Homeowners, more about by FHA, will the homeowner have to pay a tax on the amount of the home loan that if modified, or forgiven, by the original lender? Will there be a balloon tax for that amount? Best answer: Answer by kunjaldpIf the debt is forgiven, then it is taxable as ordinary income, but I believe there is a law in making that would make it non-taxable as long as it was on your home which is about to be foreclosed. Know better? Leave your own answer in the...
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