Jun
30
How do I find out if someone is using my name for mortgage loans that I know nothing about?
Filed Under United States | 7 Comments
Julio asked:
I was looking up my credit report online and for the questions to make sure I was me I was asked about mortgage loans in two different years that I know nothing about. I’m renting a apartment and haven’t took out any loans that I can think about
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I was looking up my credit report online and for the questions to make sure I was me I was asked about mortgage loans in two different years that I know nothing about. I’m renting a apartment and haven’t took out any loans that I can think about
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Jun
23
htlstyone asked:
My fiance and I are wanting to buy our first house. We have heard about first time home buyer loans and that some of loan 100% with no money down. Is that true? If so where do we ask about it? At a bank or what? I dont know the first thing about buying a house, thats why I’m on here asking for peoples opinions/answers.
Also, I live in Nebraska
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My fiance and I are wanting to buy our first house. We have heard about first time home buyer loans and that some of loan 100% with no money down. Is that true? If so where do we ask about it? At a bank or what? I dont know the first thing about buying a house, thats why I’m on here asking for peoples opinions/answers.
Also, I live in Nebraska
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Jun
22
Is a bank or a credit union better for mortgage loans? I am with a bank and heard that credit unions are a?
Filed Under Credit | 7 Comments
Mrs. G asked:
better way to get approved for mortgage loans, and are overall better. Is this true?
Thanks!
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better way to get approved for mortgage loans, and are overall better. Is this true?
Thanks!
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Jun
20
thasenthil asked:
I took a home loan and showing the Interest paid for Income Tax exemptions. Now, I have rented the house which I took over loan and getting about Rs.5000. But I am still staying in a rented house paying approx Rs.10000. Can I submit House Rent payment slips to my employer so that I get tax exemptions for the rent which I am paying.
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I took a home loan and showing the Interest paid for Income Tax exemptions. Now, I have rented the house which I took over loan and getting about Rs.5000. But I am still staying in a rented house paying approx Rs.10000. Can I submit House Rent payment slips to my employer so that I get tax exemptions for the rent which I am paying.
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Jun
18
I am a new Loan Officer, what can I do to help other refinance, get pre-approve or do home loans for them?
Filed Under Renting & Real Estate | 6 Comments
mvang_7 asked:
I am a new Loan Officer and was wondering on how to bring in people who wants to refinance, get pre-approve or do home loans either thru emails or something?
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I am a new Loan Officer and was wondering on how to bring in people who wants to refinance, get pre-approve or do home loans either thru emails or something?
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Jun
16
Does GAP auto insurance cover negative equity because of a vehicle i traded in to purchase another vehicle?
Filed Under Insurance & Registration | 2 Comments
big mike asked:
I understand that GAP insurance covers the gap between what i paid, and the actual value of the vehicle several months later if it is a total loss in an accident. It covers the natural depreciation of what the car is actually worth and what the insurance company will pay. I am curious if it also covers the negative equity due to not getting what i owe on my trade-in. The dealership is giving me $1,500 less than i owe on my trade-in, and rolled that negative equity into my new loan. I can understand that gap insurance will pay the difference if i buy a car for 20K, and 3 months later it is totalled. Obviously the insurance company will pay what the market value of the car is, and not what the loan is since the car loses value as soon as you drive it off the lot. Why would they pay the negative equity also that was rolled into the loan? Or do they?
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I understand that GAP insurance covers the gap between what i paid, and the actual value of the vehicle several months later if it is a total loss in an accident. It covers the natural depreciation of what the car is actually worth and what the insurance company will pay. I am curious if it also covers the negative equity due to not getting what i owe on my trade-in. The dealership is giving me $1,500 less than i owe on my trade-in, and rolled that negative equity into my new loan. I can understand that gap insurance will pay the difference if i buy a car for 20K, and 3 months later it is totalled. Obviously the insurance company will pay what the market value of the car is, and not what the loan is since the car loses value as soon as you drive it off the lot. Why would they pay the negative equity also that was rolled into the loan? Or do they?
Kansieo.com
Jun
14
perkyjt asked:
In the early 1900’s what financial instutions funded home loans and what were the terms available?
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In the early 1900’s what financial instutions funded home loans and what were the terms available?
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Jun
12
What percentage of America’s mortgage debt is currently held by savings & loans versus commercial banks?
Filed Under Other - Business & Finance | 1 Comment
Eagle watcher asked:
There was a savings & loan scandal in 1989. Since then I imagine that their portion of the total of American’s mortgage loans has declined. Concomitantly have commercial banks increased their share of the total mortgage debt in America?
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There was a savings & loan scandal in 1989. Since then I imagine that their portion of the total of American’s mortgage loans has declined. Concomitantly have commercial banks increased their share of the total mortgage debt in America?
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Jun
10
Is it possible to get a home equity loan on a home that we have listed for sale on the MLS?
Filed Under Renting & Real Estate | 5 Comments
knucklenuck asked:
We built a home to sell or rent and own it outright. We’d like to tap into some of the equity on the home but Countrywide (where we have the mortgage on our main home) has said that the new regulations don’t allow an equity loan on a home listed in the MLS. They said the home would have to be off the MLS for 6 months before we could qualify. If we had listed it ourselves there would have been no problem. I’m wondering if this is true with all lenders or if it’s a Countrywide policy.
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We built a home to sell or rent and own it outright. We’d like to tap into some of the equity on the home but Countrywide (where we have the mortgage on our main home) has said that the new regulations don’t allow an equity loan on a home listed in the MLS. They said the home would have to be off the MLS for 6 months before we could qualify. If we had listed it ourselves there would have been no problem. I’m wondering if this is true with all lenders or if it’s a Countrywide policy.
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Jun
10
Bank approved then denied equity loan?
Filed Under Credit | 3 Comments
kJsummer asked:
I applied for an equity loan with my local credit union and they approved the loan. After several months, we were ready to close, but another detail took 2 more months and then we were ready to close again, only this time they denied the loan due to credit problems however nothing on my credit has changed in the past 2 months. They also stated that anytime after 30 days of applying for a loan and they must check credit. Well I complained, because none of this information was given to me and that the terms of the loan would change if my credit score changed. The president of lending called me and said that they will give me $500 to pay my title fees. I would like to know, if this is possible? They decided to change their mind with no real reason except that I now have derogatory credit. They have called me several times to pick up the $500 check. I am looking for suggestions on what to do, somehow I feel I am being treated unfairly over a loan and have never heard of suing a bank.
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I applied for an equity loan with my local credit union and they approved the loan. After several months, we were ready to close, but another detail took 2 more months and then we were ready to close again, only this time they denied the loan due to credit problems however nothing on my credit has changed in the past 2 months. They also stated that anytime after 30 days of applying for a loan and they must check credit. Well I complained, because none of this information was given to me and that the terms of the loan would change if my credit score changed. The president of lending called me and said that they will give me $500 to pay my title fees. I would like to know, if this is possible? They decided to change their mind with no real reason except that I now have derogatory credit. They have called me several times to pick up the $500 check. I am looking for suggestions on what to do, somehow I feel I am being treated unfairly over a loan and have never heard of suing a bank.
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