How Exactly Do ‘interest Only’ Mortgage Loans Work? When Do I Pay On The Principle Of Such A Loan?

October 22nd, 2009 at 06:50am Under Loans

I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?

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What Happens To The Second Mortgage When The First Mortgage Forecloses?

October 20th, 2009 at 05:00pm Under Mortgage

I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.

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How Can I Become A Mortgage Broker In California?

October 16th, 2009 at 10:59pm Under Mortgage

I simply cannot seem to find legitimate information on becoming a mortgage broker in California. Many of the web sites that purport to have information really share very little of anything and some are just plain frauds. I’d like to find information on mortgage broker training and possibly information on finding a school (preferably Los Angeles) where I can get training on becoming a mortgage broker.

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Amazing Case Of Loan And Mortgage Fraud

October 13th, 2009 at 06:45am Under Loans


Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an …

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Mortgage Finance Experts: How Will The Market Affect Homeowners Who Will Be Refinancing Next Year?

October 13th, 2009 at 04:59am Under 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?

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How Do I Become A Mortgage Broker In Ohio?

October 11th, 2009 at 11:03pm Under Mortgage

I know the mortgage industry is in a mess right now, but I am looking toward the future when we rebound. Wondering what requirments there are to become a mortgage broker in Ohio. I am looking to work this industry on the side, as I already have a full time sales job. Also what are the typical commisions paid to brokers for sub-prime, prime, and jumbo mortgage loans…is this split with the company you work for? I already work 100% commission, so that is not a problem. Any input on this career is greatly appreciated, ie the ups and downs.

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How Does Reworking A Mortgage Affect My Credit Score?

October 9th, 2009 at 11:01am Under Mortgage

I could use the help of potentially reworking my mortgage to be more affordable. It is possible for me to get by without doing so. If I do call my mortgage holder and rework my mortgage for a reduced interest rate or reduced principle how does that affect my credit score?

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Bad Credit Mortgage Home Loan Personal Dept Consolidation Refinance Credit Card Auto Loans Car Loans And Many More Type Of Loans Visit Us Now And Apply Online Guaranteed Approval

October 8th, 2009 at 06:45am Under Loans


Bad Credit Mortgage Home Loan Personal Dept Consolidation Refinance Credit Card Auto Loans Car Loans And Many More Type Of Loans Visit Us Now And Apply Online Guaranteed Approval Even if you have b…

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Mortgage Foreclosure – The Family Farm

October 8th, 2009 at 04:59am Under Mortgage


A look at the Crosby Mint Farm in St. Johns, MI, and how the foreclosure crisis is hurting them. Senate Bill 1306 would establish a moratorium on foreclosures and save this farm. The sponsor of t…

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Zillow Mortgage Marketplace

October 6th, 2009 at 11:00pm Under Mortgage

This video explains how Zillow Mortgage Marketplace works for borrowers. When shopping for a mortgage, it’s hard to know whether you’re getting the best deal. And it’s hard to compare quotes from m…

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