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