The best way to avoid foreclosure is to make mortgage payments on time and in accordance with the mortgage. Come up with a temporary payment plan by contacting the lender withhelp from a civil mediator in this free video on foreclosure law. Expert: Robert Todd Bio: Robert Todd is the managing partner and president of Robert M. Todd, PA and Family Law Solutions. Filmmaker: Christopher Rokosz
With the Fed’s decision to cut interest rates, I understand that banks will follow suit and lower interest rates. How fast will it take for these changes to go into place? At what point should people begin to investigate refinancing their mortgages and other loans where it will actually reflect the new rates?
My husband and I are going to be first-time homebuyers and we would like to know what banks are the best for great rates. Also which banks are fair regarding fees and which provide the best services to first-time homebuyers?
How will tax rebates work when the US will borrow the money from China at 11% interest and give it to Americans to purchase products built in China?How will reducing interest rates help the people who have been doing the right thing by saving their money?Reducing interest rates just helps out the banks who tried to rip off these people with loans they couldn’t afford in the first place.I can’t say I have the answers to the economy buy I feel these fixes will do nothing but make it worse.
HUD, or the Department of Housing and Urban Development, does not provide direct loans, so there will still be mortgage or loan through a conventional mortgage holder. Contact HUD to see if that can provide influence to a mortgage holder withhelp from a civil mediator in this free video on foreclosure law. Expert: Robert Todd Bio: Robert Todd is the managing partner and president of Robert M. Todd, PA and Family Law Solutions. Filmmaker: Christopher Rokosz
Hi everyone - I’m interested in buying a condo in a building of three flats that have all been foreclosed. The first buyer is required to setup a new condo association. I’ve heard from some friends that it’s difficult to get a mortgage when there is no association setup. Has anyone had experience with this kind of situation? I’m in chicago so I’m also looking for recommendations of mortgage brokers/ banks that you may know of.
I bought a house about 7 months ago.
I paid down 3% on an FHA loan at 6% for about 4K
Now the same mortgage broker is offering me an FHA streamline down to 5%.
He says there are no fees or appraisals, except for the Mortgage insurance fee which is about 2400 (they’re rolling that into the loan) and I make one payment to the title company (about 70). My mortgage payments will be about lower. Seems pretty good to me, I just hate to change banks because I really liked the bank I was with so far (I suppose my loan could get sold anyway). The new loan would be somewhere around 187K.
Does that mean that the 3% I put down the first time won’t count for anything anymore?