Mortgage News Daily: Answered Questions

Lower My Mortgage Payment by Making Large Lump Sum Payment

Anonymous — Fri, 06 Nov 2009 18:18:26 GMT

I would like to lower my mortgage payments by paying $50,000 toward it. How do I go about this?

Qualifiy for a Mortgage on Unemployment

Anonymous — Thu, 05 Nov 2009 15:33:00 GMT

i will be out of a job next month after 5 years will i qualify for a home loan on my unemployment check?

Living Abroad but Returning and Need a Mortgage

Anonymous — Thu, 05 Nov 2009 03:27:04 GMT

I have been out of the USA for 4-5 years and will be returning mid summer next year. I need to get a mortgage but my tax returns are from Ireland, I have not filed taxes in the USA since I left in 2004. Will I have a problem getting a mortgatge?

Find Prices and or Charts for Mortgage Backed Securities

Alex Magro — Tue, 03 Nov 2009 20:26:45 GMT

Where can I find prices and or charts for mortgage backed securities?

Advantages and Disadvantages of Using Pre-printed Real Estate Sales Contract

Anonymous — Tue, 03 Nov 2009 19:51:01 GMT

What are the advantage and disadvantages of using the preprinted sale contract?

Loan Modification Limits

Anonymous — Tue, 03 Nov 2009 13:47:07 GMT

I received the modification package but the amount of the mortgage is still a little out of our range. what can we do if anything? Can a modification be modified twice.

Remove a Co-borrower's Name From My Mortgage

Anonymous — Mon, 02 Nov 2009 03:36:48 GMT

Is there anyway for me to get a co-borrower's name off my mortage?

Construction Loan on a Home that was Never Completed

Anonymous — Mon, 02 Nov 2009 03:23:59 GMT

Can a construction loan be obtained on a home that has never been completed and has an exsisting construction loan?

APR on the Truth in Lending Disclosure Statement

Anonymous — Sun, 01 Nov 2009 21:28:32 GMT

What makes up APR on the Truth in Lending Disclosure Statement?

Mortgage Company Request to Complete a W9 Form

Anonymous — Sun, 01 Nov 2009 21:23:43 GMT

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 The Federal Assistance I am receiving will be rescinded by 11/9 then I'll lose my house.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.

Sale of Second Home Tax Implications

Anonymous — Sun, 01 Nov 2009 00:59:28 GMT

On sale of a second home, are the sale proceeds taxed as income in the year of sale, or is the capital gain the only tax burden resulting from the transaction?

Should I Notify My Mortgage Lender for Payment Difficulties?

Alen Keyfmen — Sat, 31 Oct 2009 17:57:23 GMT

Should i notify my mortgage lender that I am strating get difficulties to pay payments?

Put a House in My Name -Do I Have to Pay Inheratice Tax or Gift Tax?

Anonymous — Fri, 30 Oct 2009 21:59:19 GMT

My mother wants to put her house in my name. Do i have to pay inheratice tax or gift tax?

FHA Streamline Refinance Closing Costs

Anonymous — Thu, 29 Oct 2009 19:14:13 GMT

My question is concerning closing costs in a fha streamline refi. What is the loan origination fee, administrative fee , and yieild spread differential? What is an average amount for closing costs?

Refinance our Conventional Loan into a FHA Loan

Anonymous — Wed, 28 Oct 2009 19:22:02 GMT

We would like to refinace our conventional loan into a FHA loan. Is that possible ?

Save on Interest Paying Mortgage Twice Per Month

Anonymous — Wed, 28 Oct 2009 00:08:32 GMT

How much interest do I save if I pay half my mortgage early on the 15th of each month?

How do Lease Brokers Make Money?

Anonymous — Tue, 27 Oct 2009 21:28:27 GMT

How do lease brokers make money?

Can Non-Citizen Buy a Home in USA?

Anonymous — Tue, 27 Oct 2009 20:38:10 GMT

Can non-citizen buy a home in usa ?

Compute Monthly Interest on a Mortgage Loan

Anonymous — Tue, 27 Oct 2009 19:19:55 GMT

How do you compute the monthly interest on a mortgage loan?

Is the $8000 Tax Credit in Your Taxes or a Check for $8000 Cash?

Anonymous — Tue, 27 Oct 2009 18:39:03 GMT

iI the $8000 tax credit credit on your taxes or is it a check for $8000 cash?

Can I have a VA and an FHA Loan?

Anonymous — Tue, 27 Oct 2009 17:29:24 GMT

Can I have a VA and an FHA loan?

Home Loans - Where to Start

Anonymous — Mon, 26 Oct 2009 21:37:39 GMT

I have never owned a home or had a home loan. Where do I start?

Getting Copies of Documents Signed at Closing

Anonymous — Fri, 23 Oct 2009 20:49:24 GMT

How can I get copies of documents signed at closing?

Pitfalls of a Buyer Purchasing a Short Sale

Anne Brown — Fri, 23 Oct 2009 14:06:36 GMT

What are some of the pitfalls of a buyer purchasing a short sale?

Cash Out Refinance and Tax Returns

Anonymous — Fri, 23 Oct 2009 01:34:02 GMT

How is a cash out from a home refiance view on a persons end of year tax treturns as income or what????