Monthly Archives: August 2008

Can troubled morgage companies call in their mortgage loans?

Posted on August 27, 2008 by admin

Brandon E asked: I’m current on my note. This is just a general question. I know about foreclosure for non-payment. I’m asking a hypothetical question. Can a mortgage company arbitrarily call in their home loans anytime they want and for … Continue reading →

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How do home loans work with your available credit?

Posted on August 27, 2008 by admin

j j asked: When you check your credit score or report it shows that you have so much debt and then it shows available credit you have left if you were to get like a car loan or school loan. … Continue reading →

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When is the right time for a home equity loan?

Posted on August 25, 2008 by admin

Kae B asked: I am interested in doing some updates to my home totaling about $50K (windows, bath, kitchen and small interior remodel). I haven’t really priced things out so this might be an inflated estimate, but I’m sure it’s … Continue reading →

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Low Interest Home Equity Loan?

Posted on August 22, 2008 by admin

Sharla asked: Whats the best place for getting a home loan aside from banks?Caffeinated Content

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I have never applied for a home equity loan. Do you know anything about it?

Posted on August 14, 2008 by admin

happydawg asked: I have a Chase credit card, and they have always kept their word and I applied for a fixed home equity line of credit for 4 yrs. The fixed rate is 7.8%. I am not sure if that … Continue reading →

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Is a home equity loan an ideal way to pay off credit card debt?

Posted on August 13, 2008 by admin

bodyC asked: Ok, this is unconventional – My mom is disabled. Her home was affected by Katrina. Her home is finally fixed. However, during the past two years, she’s accrued close to $100,000 in credit card bills to pay off … Continue reading →

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The amount requested for home loans followed the normal distribution with a mean of $70,000 and a standard dev

Posted on August 13, 2008 by admin

jane asked: The amount requested for home loans followed the normal distribution with a mean of $70,000 and a standard deviation of $20,000 A. How much is requested on the largest 3 percent of the loans? B. How much is … Continue reading →

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How do home loans work?

Posted on August 12, 2008 by admin

Felix D asked: Hey there, Lets say for example John Smith takes out a home loan of $500,000 for 30 years at 8.6% per annum. What does it mean by “… at 8.6% per annum”? Like does he have to … Continue reading →

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Erraneously issued home equity loan lost in failed business venture. consequenses?

Posted on August 11, 2008 by admin

Jaan S asked: I got a $350k home equity loan 6 months ago, and the business I was hoping to start making profit turned out otherwise… To make things worse, as it turned out my house had no equity and … Continue reading →

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Does anyone have Greentree Financial for their home loans?

Posted on August 8, 2008 by admin

jenn asked: We have Greentree Financial for the loan on our mobile home and we have nothing but trouble. They are very rude and disrespectful. I wanted to know if anyone else was having this trouble with this company.Create a … Continue reading →

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