Mortgage Guide http://www.mortgage-rates-guide.net Questions and Answers about Mortgages Fri, 03 Feb 2012 18:12:21 +0000 http://wordpress.org/?v=2.2.1 en How do you reduce my mortgage payments, or stop them all together? http://www.mortgage-rates-guide.net/how-do-you-reduce-my-mortgage-payments-or-stop-them-all-together/1089/ http://www.mortgage-rates-guide.net/how-do-you-reduce-my-mortgage-payments-or-stop-them-all-together/1089/#comments Fri, 03 Feb 2012 18:10:53 +0000 admin http://www.mortgage-rates-guide.net/how-do-you-reduce-my-mortgage-payments-or-stop-them-all-together/1089/
Frank C asked:


A family friend has bought his house for around 130,000 around 10 years ago. The current home value is 44,000 and he has to pay around $900 in mortgage payments. Is there any way to lower, or even stop, the payments altogether? What is the best solution for this dilemma?

Bifold Closet Doors
]]> http://www.mortgage-rates-guide.net/how-do-you-reduce-my-mortgage-payments-or-stop-them-all-together/1089/feed/ Can you get a mortgage allowing you to bid on a foreclosed property? http://www.mortgage-rates-guide.net/can-you-get-a-mortgage-allowing-you-to-bid-on-a-foreclosed-property-2/1093/ http://www.mortgage-rates-guide.net/can-you-get-a-mortgage-allowing-you-to-bid-on-a-foreclosed-property-2/1093/#comments Fri, 03 Feb 2012 10:18:57 +0000 admin http://www.mortgage-rates-guide.net/can-you-get-a-mortgage-allowing-you-to-bid-on-a-foreclosed-property-2/1093/
asked:


Our realtor advises that only buyers with cash in hand can buy foreclosed properties at auction. There is a technical challenge buying if you need a mortgage as you have to be in contract to be able to get the mortgage approved. Is this true or is there a valid way you can get a mortgage and bid on a foreclosed property at auction?

Wagner Paint Sprayers
]]> http://www.mortgage-rates-guide.net/can-you-get-a-mortgage-allowing-you-to-bid-on-a-foreclosed-property-2/1093/feed/ How to qualify for a bad credit mortgage loan after a bankuptcy? http://www.mortgage-rates-guide.net/how-to-qualify-for-a-bad-credit-mortgage-loan-after-a-bankuptcy/1083/ http://www.mortgage-rates-guide.net/how-to-qualify-for-a-bad-credit-mortgage-loan-after-a-bankuptcy/1083/#comments Thu, 02 Feb 2012 08:21:07 +0000 admin http://www.mortgage-rates-guide.net/how-to-qualify-for-a-bad-credit-mortgage-loan-after-a-bankuptcy/1083/
Rob I asked:


Could I get a rate like 8% with $5000.00 dollars down payment on a 30 year fixed on a $100000 dollar mortgage?

Monthly mortgage payment would be around $900.00 dollars a month and closing costs would be around 2000 dollars?

Bamboo Window Shades

]]> http://www.mortgage-rates-guide.net/how-to-qualify-for-a-bad-credit-mortgage-loan-after-a-bankuptcy/1083/feed/ How much money is comfortable after paying the mortgage and bills? http://www.mortgage-rates-guide.net/how-much-money-is-comfortable-after-paying-the-mortgage-and-bills/1096/ http://www.mortgage-rates-guide.net/how-much-money-is-comfortable-after-paying-the-mortgage-and-bills/1096/#comments Thu, 02 Feb 2012 02:43:56 +0000 admin http://www.mortgage-rates-guide.net/how-much-money-is-comfortable-after-paying-the-mortgage-and-bills/1096/
Mark - asked:


My mortgage broker offered me 45% of gross income.
I calculated that after paying mortgage and all bills I’d be left with 5K spare cash a month to spend.

I have no idea is this is reasonable and am interested to hear how much money folks feel comfortable having after all the bills are paid.

Thanks!

Bifold Closet Doors

]]> http://www.mortgage-rates-guide.net/how-much-money-is-comfortable-after-paying-the-mortgage-and-bills/1096/feed/ How does mortgage companies work when a person dies? http://www.mortgage-rates-guide.net/how-does-mortgage-companies-work-when-a-person-dies-2/1067/ http://www.mortgage-rates-guide.net/how-does-mortgage-companies-work-when-a-person-dies-2/1067/#comments Wed, 25 Jan 2012 02:41:09 +0000 admin http://www.mortgage-rates-guide.net/how-does-mortgage-companies-work-when-a-person-dies-2/1067/
asked:


My mom and younger sister are both named on the mortgage. Payments are still being made. My mom just passed and my sister does not have a job because she was caring for our ailing mother.

Vinyl Siding For Your Home
]]> http://www.mortgage-rates-guide.net/how-does-mortgage-companies-work-when-a-person-dies-2/1067/feed/ What will happen to my boyfriends mortgage if we get married? http://www.mortgage-rates-guide.net/what-will-happen-to-my-boyfriends-mortgage-if-we-get-married/1074/ http://www.mortgage-rates-guide.net/what-will-happen-to-my-boyfriends-mortgage-if-we-get-married/1074/#comments Tue, 24 Jan 2012 23:03:50 +0000 admin http://www.mortgage-rates-guide.net/what-will-happen-to-my-boyfriends-mortgage-if-we-get-married/1074/
Amy B asked:


Me and my boyfriend moved in together and he got a mortgage for the house in his name and I just pay him some rent. If we were to get married in the future would I then be involved on his mortgage? Or does it not work like that.

Bamboo Vertical Blinds
]]> http://www.mortgage-rates-guide.net/what-will-happen-to-my-boyfriends-mortgage-if-we-get-married/1074/feed/ What is the best mortgage company to get a loan modification through? http://www.mortgage-rates-guide.net/what-is-the-best-mortgage-company-to-get-a-loan-modification-through/1062/ http://www.mortgage-rates-guide.net/what-is-the-best-mortgage-company-to-get-a-loan-modification-through/1062/#comments Mon, 23 Jan 2012 20:34:28 +0000 admin http://www.mortgage-rates-guide.net/what-is-the-best-mortgage-company-to-get-a-loan-modification-through/1062/
grkra3 asked:


What is the best mortgage company to get a loan modification through? Easiest mortgage company? I would like to know!

THANKS,
Greg

Concrete Floor Paint

]]> http://www.mortgage-rates-guide.net/what-is-the-best-mortgage-company-to-get-a-loan-modification-through/1062/feed/ Do mortgage lenders insist on buildings insurance when getting a mortgage on your own home? http://www.mortgage-rates-guide.net/do-mortgage-lenders-insist-on-buildings-insurance-when-getting-a-mortgage-on-your-own-home/1068/ http://www.mortgage-rates-guide.net/do-mortgage-lenders-insist-on-buildings-insurance-when-getting-a-mortgage-on-your-own-home/1068/#comments Mon, 23 Jan 2012 02:57:30 +0000 admin http://www.mortgage-rates-guide.net/do-mortgage-lenders-insist-on-buildings-insurance-when-getting-a-mortgage-on-your-own-home/1068/
asked:


Is this a standard requirement from mortgage lenders to insist on buildings insurance? I trust it is as in the event of a disaster they get refunded for their mortgage loan?

Stainless Steel Paint
]]> http://www.mortgage-rates-guide.net/do-mortgage-lenders-insist-on-buildings-insurance-when-getting-a-mortgage-on-your-own-home/1068/feed/ What type of mortgage do I need to buy a house to renovate in UK? http://www.mortgage-rates-guide.net/what-type-of-mortgage-do-i-need-to-buy-a-house-to-renovate-in-uk/1077/ http://www.mortgage-rates-guide.net/what-type-of-mortgage-do-i-need-to-buy-a-house-to-renovate-in-uk/1077/#comments Sun, 22 Jan 2012 14:14:31 +0000 admin http://www.mortgage-rates-guide.net/what-type-of-mortgage-do-i-need-to-buy-a-house-to-renovate-in-uk/1077/
asked:


I am planning to buy a 2nd house, it needs some modernization which I plan to do over about 6 months, then put it back on the market.
I do not plan to live in the house whilst i do it up.
Please could someone tell me what type of mortgage I would need?
Thanks

Kitchen Cabinet Organizers
]]> http://www.mortgage-rates-guide.net/what-type-of-mortgage-do-i-need-to-buy-a-house-to-renovate-in-uk/1077/feed/ How do I structure a mortgage to pay it off quickly? http://www.mortgage-rates-guide.net/how-do-i-structure-a-mortgage-to-pay-it-off-quickly/1097/ http://www.mortgage-rates-guide.net/how-do-i-structure-a-mortgage-to-pay-it-off-quickly/1097/#comments Mon, 16 Jan 2012 18:39:33 +0000 admin http://www.mortgage-rates-guide.net/how-do-i-structure-a-mortgage-to-pay-it-off-quickly/1097/
analyst asked:


I am about to buy a mortgage for a property. Does anyone have any tips for me about how to structure it correctly from the beginning so I pay it off as quickly as possible. Thanks in advance for your answer.

Ventless Gas Fireplaces
]]> http://www.mortgage-rates-guide.net/how-do-i-structure-a-mortgage-to-pay-it-off-quickly/1097/feed/