param asked:


I have debt from my old business and now I am a student. However we deligently paying monthly minimum payment. To purchase a home I am willing to put 5% down. With me and my spouse we have more than required income to pay monthly mortgage and other expenses.

What are the chances of obtaining mortgage loan in this situation? Is my application going to get rejected ? Does business loans have any impact on my personal home mortgage application?

Smartass asked:


How does a homeowner benefit from a reverse mortgage?

Does he get paid every month more than he’s currently paying on his mortgage (giving him extra cash per month)?

Does the lender bet on the house appreciating after the borrower dies?

Why would anybody want to pay or buy a house from a person who still lives in there (which they cannot utilize until this person dies)?

Is reverse mortgage designed for people who have nobody to give their houses to when they die?

rob asked:


I have a 30yr mortgage that i have had for 3 years. I want to start over with the 30 years. What would the fees be to do this?

littleheroenterprises asked:


I switched the names for the mortgagor and the mortgagee. The records department is telling me I need to get an attorney involved and a title company that there is no “easy fix.” Can’t I just rerecord my mortgage the correct information?

q_midori asked:


I have a VA mortgage on my home. My husband thinks that the mortgage has to be paid in full before we can use the VA benefit again. Does anyone know how this works?

Yumes asked:


What are some tips on finding a good mortgage broker?

Stacey asked:


I was told by an attorney that foreclosure and bankruptcy on a mortgage is 2 different things. I know that you can not apply for another mortgage for 5 years after a foreclosure and that after a bankruptcy you can apply in 18 - 24 months but does it make a difference if there was a mortgage involved in that bankruptcy. My mortgage was never reaffirmed after my bankruptcy neither.

brian.edwards1@btinternet.com asked:


I am 6 years into an interest only mortgage and want to change to a capital and interest mortgage. How do i go about this andhow do i get the money i have already paid into my endowment policy?

asked:


My mortgage amount is $242,000 how much coverage is needed? My insurance agent is saying I only need $169,000 of dwelling coverage but I think that’s a bit low. If I insure it for only $169,000 and we experience a total loss what happens to the other $73,000 on our loan amount? Do my husband and myself have to come up with the rest? Not sure what to do or where to go to get an honest answer.

Think about it asked:


If my house is worth $250,000 and I have a first and second mortgage that adds up to about $135,000 can I still qualify for a reverse mortgage? Does it depend on how much equity I have in the house or liens on the property?