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  • Is it possible for banks to raise cash by giving discounts to people who pay their mortgages off early?

    Personal Finance 11.11.2010 2 Comments
    maninthemirror asked:


    It seems like the banks should be required to give up some assets before getting bailed out by the government and part of the deal should include some benefit to homeowners who have tried to get ahead by paying extra so they can pay off their mortgages.

    Binaural Zen

    Tags: Extra, Mortgages, People

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  • Two separate mortgages for one house from same bank?

    Home Loans 31.08.2010 5 Comments
    G M L asked:


    Could two people apply for individual mortgages and buy one house. For example, I apply for a $90,000 mortgage at 6.5% and the other applies for a $90,000 mortgage at 9.5% from the same lender/bank and both use their mortgages to purchase one property. Since both are using the same lender, just at different rates, would the purchase of a single property be viable?

    Binaural Beats

    Tags: Buy House, Mortgages, People

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  • Is their any home loans for people with FICO score below 600?

    Renting & Real Estate 02.06.2010 5 Comments
    T asked:


    I am looking to purchase a new home in Florida. However, I learn my score is below 600. Does FHA loans go by FICO score? Is their any loans out there?

    Myspace Friend Adder

    Tags: Fha Loans, Home Loans, People

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  • What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?

    Politics 31.05.2010 11 Comments
    Christopher asked:


    The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?

    Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.

    Big businesses then had to cut back on expenses and began to lay people off the the thousands.

    So what caused the mortgage rates to go up so high that started this financial mess in the first place?

    Panic Attacks Treatments

    Tags: Financial Mess, High Banks, People

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  • I want to know all about Realestae license and home loans?

    Home Loans 10.09.2009 2 Comments
    Hannah H


    I wnat to know why you need a license and what areas you can start in without a license, some good ideas to get my foot in the door. Really I want to start a buisness of Flipping homes, I know all the labor end of the deal I just need help with the paper work end. How do people get home loans for this with not that great credit?

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    Tags: Flipping Homes, People

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

    Home Loans 10.04.2009 5 Comments
    Mary Manteca


    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 buy a cheaper home….

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    Tags: Interest Rates, People

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  • How does falling interest rates of one currency affect other currencies?

    Home Loans 03.03.2009 1 Comment
    Oz Z


    For instance, if EURO interest rates are reduced, how does it affect EUR/USD exchange rates. Common sense dictates that the EUR/USD would decrease in value as people flock to currencies with higher returns. But this is not only always the case. It may be not the actual reduction in rates, but the commentary (optimism/pessimism for the future) that goes along with it. Comments?

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    Tags: Euro Rates, People

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  • How long will it take the latest 3/4% interest rate cut to affect the mortgage and loan companies rates?

    Home Loans 02.01.2009 3 Comments
    Cobabeology


    With the Fed’s decision to cut interest rates, I understand that banks will follow suit and lower interest rates. How fast will it take for these changes to go into place? At what point should people begin to investigate refinancing their mortgages and other loans where it will actually reflect the new rates?

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    Tags: People, Refinancing Loans

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