Category Archives: home mortgage

my mom passed away, How do I find out if she had credit life on her home mortgage?

My mom recently passed away and she had a home mortgage. She had another mortgage on a previous home loan and now I can’t find any paper work on her new home mortgage. I called the bank that she has this loan with and they won’t tell me anything because I am not the executive [...]

Looking to find lowest refinance home mortgage rates?

I’m looking for a better home loan mortgage rate than I currently have with my bank. So I am seriously considering refinancing. Does anyone know where I can currently check for the lowest refinance home mortgage rates? You can actually get a better mortgage rate – without refinancing. There is a website which allows you [...]

I am trying to modify my mortgage, Is it possible to apply for a modification on my Home Equity line as well?

I have a bout 100,000K in home equity that I used and make payments monthly, I am trying to get a modification on my home Mortgage, so at the same time do home equity loans get modification as well, if I call the bank of America (my equity loan provider) can I ask for modification [...]

What I Need to Know Before Applying My First Home Mortgage?

i have a problem.i want make home mortgage but i dont know information about that.so what I need to know before applying my first home mortgage? Before applying for your first home mortgage loan you will want to shop around and see what average home mortgage loan rates are. Shopping for home mortgage rates online [...]

If i am given a second home, mortgage free, would it affect my current mortgage?

My partner and i own our home, and our mortgage is up for renewal in feb 2011. I have the chance of being given a second house, with no mortgage on it, i would own it out right. Would this affect my current mortgage or tax amount? Can a house just be signed over, or [...]

What is the minimum interest rate that the IRS will allow on a home mortgage?

The IRS sets a minimum rate that can be charged for a home mortgage. That number has a special name which escapes me. Anybody know? Thanks You may be talking about the imputed interest rules. If you are receiving or making payments for a loan or installment sale, but little or no interest is stated [...]

How can I get a USDA home mortgage?

I heard about this just the other day,…why hadnt i heard of it sooner? My husband and I are cooped up in our tiny rental home and its getting tighter with my 10 month old crawling around, but i cant seem to get a response from any lenders, whats holding it up? If there is [...]

Does all banks allow us to purchase points for the home mortgage loan ?

I am a first time home buyer and shopping for home mortgage loans. Does all banks allow us to buy points upfront to lower our interest ? If its a 200K loan. Do we really save paying more in interest in long run by buying the points upfront ? Banks would love you to pay [...]

Is it possible to get a second home mortgage?

I want to rent my house out and buy a new home. Will I be able to get a mortgage on the new home? Yes, of course, most adults over 40 or so have multiple mortgages. There is nothing at all unusual about that. Obtaining 2-4 is easy, after that it gets tougher. addthis_url = [...]

How do I calculate the APR of a home mortgage?

How do I calculate the APR of a home mortgage to compare program rates and fees? Why would you need to? You are given a Truth In Lending statement that the lender could run for each hoome you are looking for. By law they have to provide that to you within 3 business days of [...]