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  • GMAC ignoring lock. What now?

    I thought I'd done it all right: Excellent credit (782), documented income, 70% LTV, watched rates waiting til just the right time, applied and locked a great rate at the end of October. I'd heard of the troubles in the industry, but this is my 5th mortgage/refi, I thought it wouldn't be...
    Posted to Mortgage Questions (Forum) by tim reason on Fri, Dec 17 2010
  • wait on modification??

    FLORIDA, FHA loan 30 yr fixed 6.0% I have been waiting on the modification process for 10-11 months. My father who was a co-signer Filed Bankruptcy because he lost his job. He also put my house in it, so he could get his name off. I had a loss in income. I applied for a modificatiom. The bank said i...
    Posted to Mortgage Questions (Forum) by onetoomany on Fri, Dec 3 2010
  • Amortization Calculator help

    Hey there all, I have a $35,750.00 land loan, it is 6.5%/ 5 year with a 15 year amortization. Started Jun 25 2009, made 2 payments of $311.51 then on Aug 1st/16th began semi-monthly payments of $250 each. Where can I go to get a picture of future monthly amortization payments and balloon amount after...
    Posted to Mortgage Questions (Forum) by Michael Mc Cann on Wed, Sep 16 2009
  • Mortgage Size Surprise

    Day before closing -- and I was surprised to find that a $100,000 mortgage (to choose an amount at random) actual means that the bank comes to the closing with a check for $97,000 because they withhold a certain amount for the fees. Should I have known this or is this unusual? Because the seller is paying...
    Posted to Mortgage Questions (Forum) by ezra fischer on Mon, Aug 10 2009
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