Comments for Remortgage Loans

Comment on How might mortgage interest rates go by Sept 30th? How might the debt deadline affect them? by MyHandsAreMadeOfPasta

MyHandsAreMadeOfPasta — Sat, 03 Sep 2011 05:21:30 +0000

I close mid August and am floating my rate. The deadline the government has set for defaulting on our obligations is around Aug. 2 or 3 so you can afford to float your rate waiting the market to stabilize after some anxiety in August. Me not so much. I can lock at 4.5 right now too and probably will in the next day or two because the closer we get to the deadline, the more the market will get nervous and more than likely rates will jump. If nothing else makes sense consider this: the chances of rates going much lower are extremely small but the chances of them going up are very good-we both stand to lose much more than we’ll gain by waiting. Don’t forget thought that with your closing so far out you’ll probably be paying extra fees to lock in now. Normally if you lock in under 30 days there should be no locking fees-check with your bank for their own rules-no need to pay anything unnecessary when you could wait this out until September…even late September and probably see the market flatten back out by then. Rates of course can do anything as does the market so it depends on your own stomach for risk vs. savings. Me, I don’t have much time to wait so I’m pulling the trigger. You’ve got over 2 months to wait things out. Then again….you never know…

Comment on UK only. Are you allow to use ISA fund holdings as a collateral in a secured loan or mortgage? by Davy Jones' Locker

Davy Jones' Locker — Fri, 02 Sep 2011 16:16:58 +0000

UK only?
that’s descrimination.

guess you should have stayed in school

Comment on How does mortgage fraud affects the subprime mortgage crisis? by Oye chak de phatte!!

Oye chak de phatte!! — Tue, 30 Aug 2011 02:34:44 +0000

read on…
http://myfinancetimes.com/2008/05/24/subprime-mortgage-creditcrisis/

The above article elucidates you on the actual subprime mortgage crisis in us. and the persons behind the mortgage fraud and all those who are to be directly blamed for this financial catastrophe.

Comment on How does mortgage fraud affects the subprime mortgage crisis? by afiesha s

afiesha s — Tue, 30 Aug 2011 02:12:26 +0000

That is a really good question. Allow me to direct you to this site. It is great for people with questions like yours.

https://therena.com/?utm_source=blog&utm_medium=blog%252Bfeedaback&utm_content=godevsite-track-1&utm_campaign=TheRENA%252CEvents%252CThe%252BReal%252BEstate%252BNational%252BAssociation%252C

Comment on How does mortgage fraud affects the subprime mortgage crisis? by alterfemego

alterfemego — Tue, 30 Aug 2011 01:32:35 +0000

Lenders were not clear or were untruthful about how the adjustable rates worked and what the consequences would be to the homeowner in the future when they adjusted. Some started folks out with what were called “teaser rates”, like 4%, but it would adjust significantly within a short period of time, like 1-2 years, and the new rate would be 8%! These folks had no clue. Loans officers were not licensed in most cases and were’nt held to a higher standard like Realtor/Appraisers are. Thus they bent the hell out the rules to make a buck.

Others like a few builders and others would use what are called “straw buyers” to sign closing paperwork on a property they really didn’t wouldn’t own. These straw buyers put themselves in deep trouble with Federal Authorities. And some appraisers were in the mix as well, dummy up appraisals to match the trumped up sales of properties. So it all came down to greed and now we are all going to pay for this for many years to come. I would estimate that somewhere between 85-95% of Americans will feel some effect of this on their credit with no control on their part. A damn sad state of affairs.

Comment on Mortgage?? by sideline2084

sideline2084 — Mon, 29 Aug 2011 17:08:05 +0000

Check out http://www.mortgagefigure.com there is lots of information about refinancing, consolidation, bad credit mortgages and more.

Comment on Mortgage?? by ERIK H

ERIK H — Mon, 29 Aug 2011 16:18:02 +0000

You generally have to prove that the disability will continue for 3 years in order to use the income to help you qualify for the mortgage.

Comment on Bad credit mortgage lenders? by Noneya

Noneya — Sat, 27 Aug 2011 00:01:58 +0000

Sorry but is has nothing to do with CA. Almost all lenders have gone to a 620 score requirement for FHA loans regardless of what state you’re in.

Comment on Bad credit mortgage lenders? by Bob

Bob — Fri, 26 Aug 2011 23:39:26 +0000

creditreport.undonet.com – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

Comment on Bad credit mortgage lenders? by Fort Sill Army Wife

Fort Sill Army Wife — Fri, 26 Aug 2011 22:40:09 +0000

Im not sure why they are denying you i what you say is true, we have no credit cards, my husband and I dont believe in them, if we cant afford it then we save for it, if we still cant afford it then we dont need it. We have 2 things financed our SUV and our house, Which we just purchased Jan 22, 2009