Posts Tagged ‘mortgage’

My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that’s bound to occur as a result of this, they are worried about what refinancing has in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments —and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They’ve both been at their great paying jobs for over a decade; but they are still worried about whether they will be able to secure a decent fixed rate when their mandatory refinance is up. Any hope?

In other words, what time-consuming activities have to happen before closing, when the owner providing the financing is already satisfied of the property’s value and condition, so there is no need for additional inspection, appraisal, etc.?

I assume the key issues are paying off the owner’s mortgage, recording the owner-financed mortgage, and getting the title transferred to the new owner. But do those get done before or after closing?
The owner’s liquid assets plus the seller’s down payment will add up to enough to pay off ther owner’s mortgage.

I have been trying to research some marketing ideas for a mortgage company I do work for. I am doing a newsletter and a email newsletter. My market is the high end homes on the southern california coast., mainly orange county beach cities. Anyone with any good ideas please let me know.

I bank with B of A and I also have my home mortgage through them. Unfortunate times have come and I am going to have to foreclose my home. Can they look at my finances without my consent just because I have my mortgage through them. When I look at my online banking, my mortgage is linked up to my accounts?

If any of you have hurt by mortgage crisis, could you please tell me your story and how do you handle your finance. How much percentage did your house’s price dropped? Is it affected your lifestyle?

My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it? and if I can how?
The amount is over 2K and it is listed on my Settelment Statement. Mortgage is though Bank of America. I was planning to call IRS and my bank but they are closed on the weekends.

I live in South Africa (we call this type of business Mortgage Origination) and have been in the business since 1995 and am now running my own business.It is highly competitive.We are always looking for new marketing ideas, if you have any I would love to hear from you.I now specialise in homeloans where the clients have a credit problem.This is quite new here and very successful. We are a mix between a first world and a third world country and look up to our overseas counterparts as you seem to be extremely progressive when it comes to marketing.

I have embarked on an extensive marketing and advertising campaign to independently build my client base. My most recent stint currently running is a radio advertisement encouraging listeners to call to get pre-qualified. I am also mailing realtors in hopes of getting them to refer me some of their business.

I am not a license loan officer and recieve lots of leads. I would like to use the company which is licensed through department of corporations and department of realty and they said that I will get 20% as w2 pay and 70% as 1099 as a marketing expense. Guys is this kosher?