Farley Z asked:


Reverse Mortgagess have been advertised aggressively for some months now, using different Stars as Spokespersons. At one time, I gave some consideration and chose not to obtain one. How has the current conditions affected those who do have one on their property?

TREVOR

getsteph asked:


I have two mortgages equalling approx. $210,000. My home at the most is worth 200,000. Can I still sell my home?

JESS

Jen asked:


I’m a renter just out of college, and looking for the first time into what it would take to buy a house. What is amortization? Is there an equation to determine how much of your monthly payment goes toward interest and how much toward principle? What is an interest-only loan and why would someone want to get it? Why does the homebuyer have to insure 20% of the mortgage privately?

TERRENCE

JP29 asked:


I’m considering getting into commercial real estate loan brokering and I would like to find out how many point lenders usually pay on these types of loans. I know the amount can vary, but I’m looking fo a range so I can calculate my possible commission. For argument’s sake let’s say an average loan amount would be $2.5 million. But, any info on how the system works on loans larger or smaller than that would be helpful also. Thanks.

VERN

Carlita asked:


My boyfriend and I are thinking of buying our first home, I’m a student, therefore minimal income (until summer 2008), he works, and we know nothing about buying property. We started saving up recently and have a few hundred pounds but from now on we want to start saving more every month until next year, when we want to get a mortgage.

I have seen banks offer mortgages with 0% deposit required, should I be wary of these? How about interest only mortgages? There’s so many types of mortgages, it’s hard to figure out the advantages and disadvantages of all.

Apart from a deposit, what other kind of money allowances should we make (I know we should put money aside for stamp duty, furniture and repairs/diy for the new house). Is there anything else we should think about?

Any other useful information?

Thanks!

RUBIN

Whoops asked:


I am 71 and wonder if I can qualify for a 15 year fixed interest mortgage

FRANK

radioactive_babywipes asked:


My credit isn’t bad or fair. It’s good, just below excellent. How good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?

ERVIN

klbond2002 asked:


I am a service rep for a financial services company and I would like to be able to get new clients thru the internet but dont like craigslist. Does anyone have any other places where I could advertise myself?

MARCO

chris h asked:


Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of bad loans out there, I suspect that means we as taxpayers will then be on the hook for that much in bad loans. Why do I think we are seeing another Savings and Loan Scandal? I sure hope I am wrong.

KENNY

tyegomez asked:


I want to offer commercial loans. I am runnimg into lenders that do the loans themselves. We want to send in broker packages to them and sell their loans. Moreover, we would like to find lenders that offer interest only loans.. Thanks

OMAR