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Answer Contributed by: Kelcey Morange
Kelcey Morange, Massachusetts Mortgage Consultant
Massachusetts Lic # 85965
153 Andover St. #200, Danvers, MA 01923
kmorange@mortgagemasterinc.com
Questions, Concerns, Referrals always welcome!

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Date Question # Views  
11/17/2009 Can I refinance a home equity loan into a mortgage? 163 [view]
11/05/2009 I would like to lower my mortgage payments by paying $50,000 toward it. How do I go about this? 582 [view]
11/05/2009 i will be out of a job next month after 5 years will i qualify for a home loan on my unemployment check? 469 [view]
11/03/2009 Where can I find prices and or charts for mortgage backed securities? 224 [view]
11/03/2009 What are the advantage and disadvantages of using the preprinted sale contract? 135 [view]
10/30/2009 My mother wants to put her house in my name. Do i have to pay inheratice tax or gift tax? 207 [view]
10/30/2009 How can I have my mortgage company comply with request to complete a W9 form. I am receiving emergency financial assistance through American Recovery Act and Reinvestment Act funds and Chase since October 16 unable to give me a straight answer. The Federal Assistance I am receiving will be rescinded by 11/9 then I'll lose my house. I litterally and exhausted from hours and hours of phone calls. Please help me. 154 [view]
10/30/2009 Should i notify my mortgage lender that I am strating get difficulties to pay payments? 411 [view]
10/22/2009 I am refinancing my current mortgage to a fixed mortgage and my lender is asking me to get a H06 policy for 20 % of the appraised value. Questions Is the 20 % for the dwelling coverage ? This is a additional monthly expense which comes to around $400 835 [view]
10/08/2009 Can you do a short sale on a time share? 122 [view]
09/29/2009 I understand I have to pay PMI until I have 20% equity in the property. My question is, in order to determine my equity for PMI, is it just the LTV ratio or do I have to pay off 20% of the loan? And if it is the LTV ratio, how do I get that assessed to get out of PMI? Do I just have to get it appraised or would I have to have it refinanced? 145 [view]
09/25/2009 What do I do if a broker falsified my loan application and gave a mortgage loan I can not afford? 142 [view]
09/23/2009 When checking for the current mortgage rates at MND, I see 'National Average' and 'Best Rates'. Where can I find the lenders that offer these best rates? I'm located in Kansas. 120 [view]
09/23/2009 How much value does a garage add to a house? 160 [view]
09/22/2009 At closing, does the buyer or seller typically pay the property taxes? 155 [view]
09/15/2009 How can you find out more information about a home/property that is being auctioned prior to the auction? 1,880 [view]
09/09/2009 How can I get a copy statment of my morage by internet? 273 [view]
09/01/2009 Is it alright to let the sellor stay in the home at least 30 days after closing? They have agreed to pay the mortgage payments. What do I have to have them agree to & sign. 781 [view]
09/01/2009 We are planning on selling our house which was appraised at $250,000 We bought the house for $355,000 and we put $100,000 down. We owe $220,000. Is there a way w can recoup our down payment? 1,007 [view]
08/27/2009 Do I have to refinance to get a lower interest rate? 808 [view]
08/24/2009 Do borrower and coborrower have the same obligations and rights over a property? 758 [view]
08/20/2009 Besides what my Realtor is telling me... How do I find if the house has multiple offers??? My Realtor is pushing me to offer more because she said the house has multiple offers, but, I don't think so ... Thank you, Miha 1,361 [view]
08/19/2009 When making offers at this time is it wise to make offers below asking price or above to make sure you get it? 901 [view]
08/18/2009 What is an escrow account? 702 [view]
08/18/2009 How do I transfer my home (which is paid for) to another family member ? 310 [view]
08/14/2009 When buying a new home can a minor child be listed on the title instead of a spouse? 426 [view]
08/14/2009 ln a short sale situation, am I responsible for the second motgage? 982 [view]
08/14/2009 Has the current housing market changed the going commission rate for real estate agents? 385 [view]
08/11/2009 I applied for a FHA loan to buy a house that was on the open market. The day before the date of the deadline on an extentsion, the title company found a lien against the house perventing the house from being sold to anyone until the money was paid off. I have invested a lot of time, and money. Is the broker responsible for reinburstment of my money? 384 [view]
08/10/2009 Where can I find a list of banks that will work directly with trash out companies, or find a list of companies that are currently adding new vendors? 2,349 [view]
08/06/2009 How can a mortgage broker do bpo work? 275 [view]
08/04/2009 I have a friend who has a mortgage with Bank of America and everytime they pay extra toward their house payment they are charged $22 or $23. Why would this be? They have a fixed rate 30 or 20 year loan and are not behind on any payments. 1,032 [view]
07/30/2009 My fiancee got deined by two banks because his 2008 taxes had alot of writeoffs (deductions). What should we do next about trying to obtain a loan for a home? 1,276 [view]
07/29/2009 What is a mortgagee? 442 [view]
07/29/2009 If I am behind in my payments can they take my escrow amount and apply that to my balance due? 271 [view]
07/29/2009 Is there a difference between a mortgage being late 60 days vs 120 days in credit score? 941 [view]
07/27/2009 What do I need to know before buying an owner financed home? 740 [view]
07/23/2009 Can closing costs be financed into an FHA loan, or do they absolutely have to be paid at the time of closing? Or does this vary by lender? 6,698 [view]
07/23/2009 What is a survey and what is the purpose? 560 [view]
07/23/2009 Does your mortgage company have to notify you if they no longer own your loan. 470 [view]
07/23/2009 What happens when a house is sold, but lines of credit are still owed. Do lines of credit have to be paid back in full or can you continue to make regular payments? 350 [view]
07/23/2009 If I foreclose on my house, will I still be able to rent somewhere? 358 [view]
07/23/2009 How do you determine the lender on a piece of property that has been abandoned? 212 [view]
07/23/2009 Is it a good idea to modify your loan rather than refinance to cut down the closing cost? Especially if your are trying to reduce interest and lesson years to pay. 2,151 [view]
07/22/2009 What are the benefits of paying down my principal with a lump sum? 2,854 [view]
07/22/2009 Do I need a contract to lock in a rate? 781 [view]
07/21/2009 Are there any other options for obtaining a mortgage if I do not qualify for an FHA loan and can only put 5% down? 521 [view]
07/21/2009 What is the purpose of an "Underwriter" on a home sale. 349 [view]
07/21/2009 My fiancee and I want to apply for a mortgage loan together... can both of our credit scores & salaries be taken into consideration and get approved for the loan, and purchase a home prior to marriage? 267 [view]
07/20/2009 Can I refinance my second mortgage? 617 [view]
07/20/2009 How does a realtor get paid a commission. If you have to do a short sale the money is not there for a commission. I want to contact a realtor for help with investment property and am willing if I have to to sell shortsale but I don't have extra cash for commission. Who pays it? 1,660 [view]
07/20/2009 Is it possible to qualify for a home loan while being laid off from a job and drawing unemployment benefits? Also drawing SSI from a dependent child? 1,496 [view]
07/19/2009 Can a realtor drive up the price of a property, by arranging to have family members or friends bid against you? 230 [view]
07/19/2009 Can some explain the Fannie Mae HomeSaver Payment Forberance Program? 1,491 [view]
07/19/2009 I have six acres with a house on it and financed through a mortgage company. I would like to sell just one acre, do i need to report it to the morgage company or just sell the one acre. 424 [view]