Monthly Archives: January 2009

With this buy out proposal will it allow people who have faulted on their home loans stay in?

Posted on January 9, 2009 by admin

David C asked: With people who got their faulted loans refinanced by Fannie May (or however it’s spelled) buy out the poor credit loans and they are looking at getting the buy out will that mean those who have loans … Continue reading →

Posted in Government | Tagged , , , , , | Leave a comment

I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal?

Posted on January 9, 2009 by admin

Ram asked: I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal loans here in the US. If so who should I contact. Please advise. Thanks.Mortgage Loans

Posted in Personal Finance | Tagged , , , , , | Leave a comment

Smaller down payment with PMI vs. home equity loan, no PMI?

Posted on January 8, 2009 by admin

wayfoxy asked: We are buying a house that’s appraised at $575,000, but is being sold for $500K. We can put down up to 20% (though it would eradicate our savings). We have been approved for 10% down, $350 PMI, or … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , | Leave a comment

In relation to mortgage loans what constitutes a low credit score?

Posted on January 6, 2009 by admin

Boat Junkie asked: I have been reading lots about the housing crisis and have learned that the loans for new mortgage loans for people with low scores it getting harder to aquire. What constitutes a low score? 600? 590? 650? … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , | Leave a comment