Lauren asked:


I know my three credit scores. But how do mortgage brokers come up with the one score? The only thing that I have heard is that they average out the three. That doesn’t seem right. Need to know.

David W asked:


I’m not talking about what we’re seeing now. What would happen to my home/mortgage if all the other countries in the world collected the U.S.’s IOU’s and made the dollar worthless? They couldn’t ask for money. Would they foreclose on your house. It wouldn’t make sense because they couldn’t sell it to anyone else. What would happen? I’m also assuming everyone would immediately take their money out of the bank to, so without fractional reserve banking and no fiat currency value most institutions would fail. Would the house default to the owner? Any ideas?

sweetie asked:


I will be sole owner of a home. In the event that I die and do not have mortgage insurance will the bank be the beneficiary of any equity that I’ve put into the home?

smartymoneys asked:


I use a credit card to pay for everything during the month. I then pay it all off at end of month. Would a mortgage lender consider this a monthly credit payment amount and offer less of a mortgage than if I were to just pay everything with check and cash and have no credit payments to make? What should I be doing to get the most mortgage amount approved?

gt37 asked:


Seems in Canada as soon as one bank raises it’s interest rate for a 5 year mortgage then all the other major banks follow suit soon after. Why? Can a bank not raise it’s rate and get more business from people looking to get the best rate to purchase a home?

Julio asked:


Also, if a wanted to do a Mortgage Modification should I do it directly with the bank I have the mortgage with or should I seek help from a lawyer or those institutions that do mortgage modifications?

SKFB asked:


It has been over a year since the sale of the property. The individual has purchased a property in cash - owner occupied. This would be an additional property on a mortgage. Credit is unblemished besides short-sale.

Jay asked:


Am looking to refinance but not without doing a bit of research first on the best possible mortgage rate.

Kitsy asked:


What can you be required to pay if you walk away from an underwater mortgage?

lasm443 asked:


Have lived in home, 15 years, some deferred payments when job lost occurred 4 years ago, unable to refinance{we really do not want to} but we are still paying mortgage, but receiving harassing calls daily after a payment is made. Mortgage holder is HSBC Beneficial. Please advise!
We’ve also asked about modifying the loan, the we have been denied.