Monthly Archives: August 2008

What percentage of home loans are in default in America?

debbie in the draft asked: I keep seeing the statistic 2.1 Mil in default. What percentage of home loans does that represent?Caffeinated Content

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Can you refinance your home loans even though your house is worth less than what is owed?

Mary Manteca asked: We have 2 loans and with the interest rates going down, it may be in our best interest to try and refi and have lower payments though most people would tell us to just walk away and … Continue reading

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Appriasal for $132,600. Maximum credit available for home equity loan?

Heroesunmasked asked: Ramon owns a home that was appraised for $132,600. The balance remaining on his exsisting mortgage is $43,260. Ramons credit union is willing to loan an amount up to 70% of the appriasedd value of the home.Based on … Continue reading

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