diddlemedic07 asked:


meaning,…. can two people who are not yet married apply for a home loan and combine income on the application? I heard a friend talking that they did it about a year a go, just doesn’t sound right. But the way the housing market is today and rent keeps climbing, it would be worth it to get a decent house and stop paying $ 650 torward rent that gives us nothing. Advice?

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LittleMomma asked:


I’m in the mortgage business, and I’m curious how the general public feels about today’s rates and ability to get a decent loan.

Mortgage Loans

Fred Garvin asked:


I’ve heard a friend of mine go completely nuts every time her customers shop around for home loans. What do these lender expect someone to just trust them when they say.
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Jackey b asked:


I recently have decided to pull some money from my house for a few different reasons. I have had one of those years where some bills have gone unpaid and have gone to collections, not my best year but I am sure we have all faced this in our lives.

My credit score has hit as a mid score a 585 which is below the guidelines for some lenders to allow an Heloc. My home value is about 500 K, and the loan pay off is about 250 K so I do have the equity in the home for the loan but just not the credit score.

I have looked at a Refi but would suffer a prepayment charge from the lender that is around 8 K as well as another 10 K in closing costs etc….etc… I would like to do a Heloc and I am not really concerned so much about the interest rate on the deal as I will plan to sell the house in the next year.

I am looking for a company that does that kind of lending.

Any suggests my yahoo answer friends.

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indigo433 asked:


Who does the mortgage lender disburse the loan to. From my understanding, the lender direct deposits the loan into the buyers (borrowers) bank account. Then the buyer cuts the seller a check. Is this correct?
I was not eligible to borrower any funds beyond the asking price. So my mortgage consultant advice me to work out a side deal with the seller. The seller is asking for 40,000. But the consultant said raise the price to 55,000 and let the seller refund the 15,000 to me. So that’s what I did. We (meaning the seller and I) made the purchase agreement for 55,000 and made a side contract (notorized) stating the seller agrees to refund the 15,000 for repairs and rennovations. Even though I have this contract, I am a little skeptical if the seller will follow through without a hassle. Can I arrage it where the lender disburse the 40,000 to the seller and 15,000 to me. What will happen if the lender finds out about our side agreement? Do they really care?

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Lisa H asked:


We had some money problems earlier in the year & now we are behind on our 1st & 2nd mortgage. We have no way to get caught up as we have no extra money. We are making monthly payments but they are late. We can’t sell cause property values dropped & we owe more than it’s worth. We refinanced in Oct & got screwed with an adjustable on the 2nd mortg. & now we’re paying 19% interest total on 2 interest only loans. I have placed calls to the mortgage company. They assigned us a loan negotiator but I haven’t heard from her yet. It has been a month and I’ve left 3 voice mails. I am totally stressed. I’m making payments, but they are late every month. I also need to pay my other bills. We have one credit card with a low maxed out limit & 1 car payment. All other bills are standard household bills. Not sure what else to do. Want to get back on track but if mortgage company doesn’t call me that can’t happen. Help!
I will check out that website. Thanks.

Both mortgages are with Countrywide and my hope is they will work something out with me. They have different options. Problem is, the loan negotiater won’t call me back. When I call them they said her extension is listed wrong in the directory. So I left a msg with her supervisor and someone at the office emailed her. Nothing yet! And they won’t assign me anyone else to work with. How can I work something out if they don’t call me back?

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Beautiful and Smart asked:


I was wondering if anyone new how to get grants for down payment assistance for loans to purchase a home?

Home Loans