~*~ asked:


The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find the amount of each loan.

Caffeinated Content for WordPress

MommyMe asked:


We live in Ohio and are selling our condo. We’ve had it on the market for almost 7 months. We have found the house we’d like to buy and have been thinking of a “bridge loan” and yes, we know they can be very dangerous. Can we still get a 5/1 buy down on the house we want, and a bridge loan on our condo? Thank you in advance.

Caffeinated Content

negociator asked:


Through a seminar i attended with Robert Allen Institue ,they showed a stragedie on how to attain such a deal ,same terms and mortgage ,just an upgrade to a larger newer house ,can sum expert explain the process on how to uptain such a deal ?

Caffeinated Content for WordPress

Mya m asked:


I found out that the mortgage company was in the process of foreclosing on my home. They had a default judgment entered by the clerk of court after no response from me. (I never was served, but thats another story for another time).

I go to search online and low and behold I notice something that peaked my attention. The second mortgage company had just received an assignment of mortgage from my previous lender. (Dated 1 day before the default/foreclosure hearing before a judge and 53 days later after submitting foreclosure papers to the clerk of courts office.) WTF????

1) How in the h*ll did they have the right to start foreclosure proceedings against me when they never had the loan properly assigned to them?

2) How do you obtain a default judgment against a borrower whom you yourself do not own the loan?

3) Am I to take from this that the first & second lenders dropped the ball and never proceeded thru the proper channels, which in turn allows me to have any default judment dismissed, seeing that the lender never had AUTHORITY to process any foreclosing proceedings?

Would their oversight give me the chance to start over?

*IF THE FIRST LENDER SOLD THE LOAN WITHOUT THE SECOND LENDER BUYING THE LOAN, BUT ALLOWING THE SECOND LENDER TO MAKE DECISIONS, TAKE PAYMENTS W/O THE PROPER STEPS, THEN WHAT ARE MY REAL RIGHTS?

I tried so hard to work with the second lender since they were indicating that they were over my loan. They refused to budge. If I had know all along they really never owned my loan, I could have maybe with the lender who actually still owned my loan.

Thanks for any replies.

Caffeinated Content

ian d asked:


My girlfriend and I are thinking about buying a home. I figured that a mortgage for $110,000 would come out to about $950 monthly payments (with home insurance, PMI, and taxes included). My question is, how much of the interest would we get back annually come tax time? I’ve heard you can deduct most/all of the interest paid. Is this true? If so, about how much would that be per year? Also, since we aren’t married, would that matter? Thanks in advance!
We make $69,000 annually (32,000 and 37,000 respectively)

Caffeinated Content

Jen asked:


Thank you.

Caffeinated Content

Sergio T asked:


I work and live in New York and my seller is a US Citizen living in Las Vegas. Can we do the transaction in the US, using a US escrow and Title company?

Caffeinated Content for WordPress

Esmeralda asked:


I have about $30,000 in credit card debt due to a layoff (I am otherwise highly responsible). I have 30K in home equity.
I have very good payment history on my credit (I make double payments on my car, 10X the min. on my ccds). For the last 2 years I have played the credit card companies against each other with 0% interest offers. However, it appears my luck has run out because now they wont give me large balance transfer offers anymore. I have been sending about 2K per month towards credit cards so I have plenty of excess monthly income. My other 0% offers expire in Nov. Is it time to re-mortgage my home to eliminate that debt (I cant do home-equity in Texas)? Is it worth the closing costs and higher interest rate (current rate 5.15%) to take that route? As it currently stands, the 30K will be gone within 2 years without the re-fi the house. Please advise. Thanks!
To the person who said: Don’t Carry Credit Cards. When you have to be laid off for 1.25 years and you go from a 6-figure salary to 1/4 of you are used to working freelance, thats when you HAVE to turn to credit cards. That was what they were CREATED for.

Caffeinated Content for WordPress

Barbara asked:


I don’t want to make the wrong choice. I live in Maine and have good credit.
Any helpful hints?

Caffeinated Content

header asked:


I am a new Insurance license and I am trying to build my business!

I am selling home mortgage protection, this is a great program!!!

Caffeinated Content