mepurplegee asked:


i called countrywide re: mortgage and was told i dont make enough money to get a mortgage for a single family house.. that all i could qualify for is about $82.500 even tho i do have a gd piece of change(more than a few thousand) so then it got me thinking what about a mobile home???im sure i could get a used one for sale which ive seen for under $80.000 advertised. i live in mass so i guess im askingif i could get a mortgage dor $82.000 does that mean i could get a mortgage for a mobile home???? i have money to put down.i just keep hearing all kinds of stories i just wanna own something and it cant be a single family home i just want a little yard and plant some veggies,is that possible to do on a mobile park.??????ive never done this so confused about heating it etc….and renting the land any suggestings help……

Gilbert

diesel8111 asked:


I bought a home with a girl I am no longer seeing. She asked me to move out and I told her I could not afford rent and the morgage. She said her mom would help and not to worry about it. Later I signed papers to get my name off the deed for the house. My name is still on the mortgage. Is there anything I can do beyond her refinancing the house in her own name to fix this? I need out of this situation and I don’t no what to do

Darrell

Bob_Osso asked:


Im aiming to buy a home within two years (first time). Can anyone recommend a website or book that goes over mortgages in depth? Not just the definitiond of the different types of mortgage’s but how exactly each one works (pro’s and con’s).

Veronica

andrea b asked:


Are the interest rates going to go up or down? Is this a good time to try and refinance for a better rate? We have owned our home for about 8 years and never been late on a payment. We are responsible home owners. Will this whole thing make the value of our house decline?

Andre

Roland of Gilead asked:


I’m going to avoid PMI, closing costs, and get a really low interest rate of around 3-4%. Is there any downside to having him do this for me???
This would be a fixed rate. Not an arm or variable.

Jacob

todd c asked:


Hi we thought we would be living here for ever, so last year we were approached by someone telling us our home was valued at 300k. we decided to refinance with this assumption they even had a apprasier come out and evaluate the property. At that time we owed 240k on the home and used the excess to pay medical bills. We bought the home for 250k two years ago. Now we have to move, we want to get closer to my wifes parents, and a appraised value is now at 250k. so we are short of 50k…………, someone told me it was illegal of them to appraise my property at 300k last year is that true, i told me realitor that situation he told me the property should have never been valued that high.

Alex

Crash asked:


I have approx. 10 years experience processing loans and I just had a baby so it would be easier for me to work from home.

Karl

louisebova asked:


I will most likely have to pay $200 or more to cover the mortgage every month. Does it pay to hold onto the house until the market gets better and I could sell it without losing money?

Roland

lynndh5 asked:


We live in New York State. The other issue is that I took money out of my IRA to pay the down payment and closing costs. Does that mean I need to claim it to not get penalized? Any help would be great!

Joan

Schell asked:


My wife and I (filing jointly) have a home mortgage with about a $140,000 balance. Since my father died in October, we’ve been covering the mortgage payments on his home, which we are trying to sell, though the market is soft now. Dad’s home mortgage is about $185,000, and the interest portion of the monthly payment is about $1,000 compared to $800 for our home mortgage. The liquid portion of Dad’s inheritance is enough to pay off one, but not both, of the mortgages. Which should we pay off first?

Lawrence