Refinance Home Loan Mortgage – appraisals precautions

blog about refinancing home loans and mortgages

What would happen with my house if I stop paying the second mortgage which I can’t afford?

Yovany asked: I can only afford to pay my first mortgage and I can’t refinance the loan because of the decreased home value and bad credit.MALCOLM

Posted March 8th, 2010 in Renting & Real Estate | 10 Comments »

Am I protected under the anti-deficiency statute law in California if i defaulted on my mortgage?

REEMPIRE888 asked: I’m one of those unfortunate homeowner who purchased a home during the boom and also got one of those adjustable mortgage. I’ve been paying my mortgage on time and am not behind on my payment whatsoever. But my payment will start adjusting in a few months and the value of the house has [...]

Posted February 26th, 2010 in Renting & Real Estate | 3 Comments »

want to know about refinancing my mortgage?

kdube151 asked: Owned a home for over a year now interest rate at 6.125 with a little more than 30,000 in equity in my home, would like to know what the process is for refinancing my loan, how much will it cost and if it will save me money, if anyone has recently gone through [...]

Posted February 26th, 2010 in Renting & Real Estate | 5 Comments »

what is the mortgage payment on a 300,000 loan?

Gorilla Mike asked: At today’s current interest rates (fixed rates), what would be my monthly mortgage payment on a $175,000 mortgage, and a $300,000 mortgage (refinance/second mortgage). We are currently coowners in the house and want to buy the other siblings out.ELWOOD

Posted February 20th, 2010 in Renting & Real Estate | 3 Comments »

Quitclaim signed with ex 8mos ago. She cannot get financing or pay mortgage payments. Can I void the claim?

Mike M asked: She tried to sell the property, but has not been able to. The mortgage remains in my name, and she is unable to obtain the financing to refinance the mortgage and take over the loan. Now I want it back due to her negligence. What options do I have? Can I void [...]

Posted February 19th, 2010 in Renting & Real Estate | 6 Comments »