2009 August | Home Loans

I’m clueless about how home loans work. Is there any way to figure out how much I can afford to spend per mont

Home Loans 29.08.2009 4 Comments

mommy_2_little_man

I’m clueless about how home loans work. Is there any way to figure out how much I can afford to spend per month on a home. If I were to get a home for $145,000 how much would that be per month? How do I know how much the interest will be? Any sites that explain it all in laymans terms? Thanks

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How do they roll taxes into home loans?

Home Loans 21.08.2009 4 Comments

Nathan H

My wife and I are young college graduates, and with the falling housing market, home ownership is looking better and better. We live in NW Wisconsin, where a decent home will cost you $115,000 – My question is this; how does the cost of taxes play into this? The average home tax around here is $1500 – $2,000 / year here. Does this mean that our loan of say $100,000 becomes $160,000 ($2k/yr/30yr)

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What are the disadvantages of subprime home loans?

Home Loans 18.08.2009 2 Comments

tikki

I’m getting ready to buy my house. I know to do a 30-yr fixed rate. I’m just wondering what is the buzz about subprime home loans? It seems to really be hurting people and mortgage companies. What are the advantages and disadvantages? Thanks.

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does anyone have any resorces on low or bad credit home loans?

Home Loans 17.08.2009 2 Comments

…

I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score?? I dont know where to look anymore.

Thanks for the help.

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Can having many mortgages on your credit drop your score?

Home Loans 10.08.2009 5 Comments

Now go get ya shine box!!!

I have a total of 3 mortgages and I am about to buy 5 more houses. I have heard (not from an expert but he sounded like he was speaking from experience) that once you get up to a certain number of debt or number of mortgages on your credit, it can drop your score, is this true?

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If I go into foreclosure will the mortgages remain a lein against me?

Home Loans 04.08.2009 1 Comment

simple

I have a first loan and a second. I called a lender who wants me to short sale it instead of foreclosure because he said the second will remain a lein against me even after I lose the house (it is with Washington Mutual). Is that true? I lost my job and can’t make the payments, and can’t sell it because the value got appraised at $250,000 and my mortgages add up to $400,000.
I thought they are secured by the property, not by my life.

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Tags: Lein, Mortgages

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Home Loans

I’m clueless about how home loans work. Is there any way to figure out how much I can afford to spend per mont

How do they roll taxes into home loans?

What are the disadvantages of subprime home loans?

does anyone have any resorces on low or bad credit home loans?

Can having many mortgages on your credit drop your score?

If I go into foreclosure will the mortgages remain a lein against me?

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