Mortgage Guide

C asked:


I have an interview with a mortgage company tomorrow hiring a loan officer. The owner mentioned he typically hires for commission only, but has in the past and considered a small base salary plus commission to get started.

The Economy: Rates are historically low on mortgages, home prices are low, but banks are not lending.

Do you think I could make money? I have 7 years sales experience. How much do loan officers make?

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DeanWill83 asked:

www.foreclosure-help-book.com; Second mortgage lender does have a right to foreclosure on your home, learn how to stop there in this video.

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AmericanNewsProject asked:

You would think this year’s Mortgage Bankers Association annual meeting would be a rather solemn affair — given the criticism the industry has endured in recent months. But our ANP reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as “cram-down” appeared to be working.

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TAMMY O asked:


Our 2nd mortgage company is suing us for $25,000 (the balance on our 2nd after they signed off the lien for the short sale). They have submitted paperwork to attach 25% of our wages until it is paid off? Is their any legal way out of this?

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My2Boyz asked:


After filing Chapter 13 bankruptcy (mortgage included -fixed rate) my husband became unemployed, so we are now 6 months behind on our mortgage and our attorneys are submitting for a loan modification, what is the process? Is a loan modification always granted?
My husband is now currently working and has been for 3 months now, it has just taken us this long to finally get in touch with our attorneys and also the mortgage lenders attorneys.

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Mamacita asked:


How can one mortgage a home without any credit history? We don’t own any credit cards and credit is harder now to obtain than before. What kind of a down payment would we need?

Thanks!

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gabbysfavgrandma asked:


I bought a house a couple of years ago. I don’t have much equity in it. Now my fiance and I want to buy a new home, but we won’t be able to sell my home for what is owed on the mortgage. Are there programs that let you borrow on your new mortgage to allow you to pay off previous mortgage?

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Where’s my scooby snack? asked:


Is it the mortgage company or the bank that calls the loan?

What reasons would they have for doing so?

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lenderr2021 asked:

www.lendinguniverse.com second mortgage finance calculator Through regulation of commercial banks, the Federal Reserve System indirectly controls the amount of demand deposits. Thus the amount of money in existence is controlled by a public agency. It was not always this way. Our present…

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ecemajor asked:


We are in the process of trying to refinance with a new mortgage company. We currently have homeowner’s insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. The mortgage company we are refinancing with is saying that we must have and escrow account and pay their OWN homeowner’s insurance, instead of Farm Bureau. I don’t want to do this because we get a multi-line discount at Farm Bureau, and I like them. Can they do this?

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