Jeremy asked:


They are at 6.47%, last week they were 6.14% and for a while it was even in the 5’s.

HOWARD

Jim C asked:


I need a commercial lender to do a small Commercial RE loan to buy an Auto Repair Shop in New York State. Purchase price of 45,000 and would like about 15,000 extra to do some upgrading. Fair Credit Score. Any ideas?

SOLOMON

earth angel asked:


or are rate sheet the same for home loan and commercial loan? How do you calculate a loan? (I have to turn in homework next week - and I miss some of my classes and totally at lost) Please help me.thanks

SON

exfootballgraduate asked:


current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)

can refi with another lender with same terms with 8.00% (approx 480,000)

or can refi with original bank at 7.625% with one year of the original note being paid down already?

GARLAND

cmsb705 asked:


A home loan with less than 20% down requires PMI (Private Mortgage Insurance). Since most “sub-prime” mortgages would require PMI, why are banks losing so much money on these loans? Shouldn’t it be the insurance companies that lose the money?

MURRAY

Sir Hammed asked:


I know any property with 4 units or more is considered a commercial property. That being said, can I apply for a regular mortgage for a property that has 3 units or less, or do I still have to apply for a commercial loan?

ELDON

Paula S asked:


Just info from people who work in the industry as processers or underwriters or supervisors in these fields. What are you looking for in a candidate to know about when applying for a job.

FREDERICK

indy_64_99 asked:


I refinanced my home to get equity out of it. I closed on my loan and waited through the 3 day cancellation period. My new lender has excuse after excuse about why they are not paying! I now can’t cancel the loan as I a past the cancellation period but I also cannot get my equity money or the payoff of the original mortgage. Now what? Is this illegal?

BEN

Laissez-Faire Guy asked:


Supposedly we are being told the bailout is to unclog the system that is clogged up with bad debt.

So my question to you is, if I came before you asking for a home or car loan, and I can prove I have necessary income and my credit history is good, can you write me a loan at reasonable terms?

Because if you can, then why do we need a bailout? The money is obviously still there to lend.

WILFREDO

KJ asked:


Lets say you have $5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? My dad said a 1/4 of your net income is a good idea per month to spend on your home payments…agree? disagree?

BENNY