Mortgage Guide

What Dreams May Come asked:


Say you only qualify for a $75,000 mortgage loan, but the house you want is $150,000, so you have two mortgages for the same amount each, on the same property. Would you have to have good credit for this to work? Or could you have fair/poor credit and they would just give you higher interests rates?

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Nic asked:


I need a little of help. I know nothing about mortgages. How it works etc. Ive been in the bank looking at leaflets etc but the advicers just jump on you,which I hate. I have been looking at websites and it is so confusing.

I just want to understand how it works before I have poeple from the banks jumping on my bones.

Does anyone know of any good websites?

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M5 asked:


We own 10 investments properties and have 10 mortgages (with Bank of America) on each one. The bank is saying that they can do only 10 mortgages per person. How or where can we go over that limit, with reasonable rates and closing cost.
Thanks for looking.

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nmaknibr2009 asked:


What does, “provision of residential mortgages to consumers” mean?
The focus of a company is provision of residential mortgages to consumers…

What is this company actually doing?

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datonphillips asked:


From an investment standpoint, would it be better to invest in performing or non-performing mortgages? I’m thinking about getting into the business and am wondering which side to be on. In my opinion, investors would feel the investment is “safer” with a performing mortgage as the borrowers are consistently paying on the mortgage and the very next month payments should be expected. However, with non-performing mortgages the risks are greater (foreclosures, REOs, etc) but the profit potential is MUCH higher. So, would it be better to invest in performing or non performing mortgages? Thanks for any responses.

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Jack R asked:


If the dollar completely collapses, what will happen to mortgages, student loans, and credit card debts? Will people still be required to pay the loans back?

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