Im looking to buy a house. I know there are different loans. What are my options, what are the defferences between them, and what is the advantage of each loan? Sorry if this is all confussing, im not to sure what im talking about. When I started Real estate sales in 1978 there were only [...]

I know theres limits on a regular FHA mortgage, was curious if the same standards apply. There is not an upper limit on income for an FHA 203 K or a more common FHA 203b. These are not subsidized loans. You do have to make enough money to qualify for the payments. a 203 K [...]

We wouldn’t have had to bail out anyone. It all goes straight back to those loans they forced the banks to give .. The marxist plan worked! You got that idea from a conservative with a large imagination and little regard for the truth. Start by looking at Standard & Poors that rate these junk [...]

If you are already paying a 24% car loan, why would that go up if we default, isnt that already in ur contract? No change unless you have a variable rate? addthis_url = ‘http%3A%2F%2Fwww.secondhomemortgages.org%2Fblog%2Fmortgage-loans%2Fhow-does-the-aug-2nd-deadline-affect-car-loans-and-mortgage-loans’; addthis_title = ‘How+does+the+Aug+2nd+deadline+affect+car+loans+and+mortgage+loans%3F’; addthis_pub = ”;

Is it possible to have 2 different mortgage loans on two different houses at once? Or would banks shy away from giving you a second loan if you already have one out? The reason I’m asking is because I’m looking into buying a house for cheap and renting it out. You could have 10,000 mortgages [...]

is it better to take the proceeds from the sale of our house and use it as a down payment or use it as cash at closing? The builder is paying 2% towards closing. Also are FHA loans or conventional loans better? If you get an FHA loan, they only require 3% down. With an [...]

I want to start buying rental properties. I have some money, but I need more. Can I start a business, then get a business loan, to then mortgage these rental properties? Basically borrow money to use for down payments on mortgage loans. No. I don’t think that’s legal to do. The business loan you get [...]

I am looking to buy a house that has an asking price of $18,900. I have decent credit (600-range) and regular income (1600/month), but no one will offer a mortgage because they do not offer mortgages that small. Are there companies that do? I am located in Pennsylvania. Nothing under 50k- it would cost us [...]

It seems that mortgage loans are crazy unfair. You can buy a nice car for about 70,000 dollars and pay it off in about six to seven years. Why would a 70,000 dollar house take 30 years to pay off and the interest double the price of the house? Why is this legal? thats how [...]

I want to get a mortgage loan and the bank wants me to get a letter from the Social Security Administration stating that my disability will last at least 3 years into the future. I’ve had disability for 10 years now but they want proof of future disability. I’ve searched for data on this type [...]