Buy To Let Mortgage » Mortgage FAQ http://www.buytoletmortgagesite.com Tue, 16 Feb 2010 18:25:09 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 What is a mortgage investment and how do I get started? http://www.buytoletmortgagesite.com/what-is-a-mortgage-investment-and-how-do-i-get-started/ http://www.buytoletmortgagesite.com/what-is-a-mortgage-investment-and-how-do-i-get-started/#comments Tue, 16 Feb 2010 07:18:15 +0000 Admin http://www.buytoletmortgagesite.com/what-is-a-mortgage-investment-and-how-do-i-get-started/
6bits questioned: I inherited a large amount of money and someone mentioned getting into mortgage investments. I don’t know a thing about them. I already have my Roth IRA and other mutual funds going so I want to try something new but I don’t want to get taken advantage of.
]]> http://www.buytoletmortgagesite.com/what-is-a-mortgage-investment-and-how-do-i-get-started/feed/ 2 How do I find out the mortgage company of a condo in foreclosure? http://www.buytoletmortgagesite.com/how-do-i-find-out-the-mortgage-company-of-a-condo-in-foreclosure/ http://www.buytoletmortgagesite.com/how-do-i-find-out-the-mortgage-company-of-a-condo-in-foreclosure/#comments Tue, 16 Feb 2010 05:49:51 +0000 Admin http://www.buytoletmortgagesite.com/how-do-i-find-out-the-mortgage-company-of-a-condo-in-foreclosure/
Amie A questioned: I live in a three unit condo. The second unit is vacant (the owners went out 2 years ago) and the unit is in foreclosure. We (the condo association) needs to contact unit 2’s mortgage company for back payment of unpaid condo fees. How do I find out their mortgage company?
]]> http://www.buytoletmortgagesite.com/how-do-i-find-out-the-mortgage-company-of-a-condo-in-foreclosure/feed/ 3 Should I get a fixed rate mortgage if I plan to remodel right away? http://www.buytoletmortgagesite.com/should-i-get-a-fixed-rate-mortgage-if-i-plan-to-remodel-right-away/ http://www.buytoletmortgagesite.com/should-i-get-a-fixed-rate-mortgage-if-i-plan-to-remodel-right-away/#comments Sun, 14 Feb 2010 15:21:29 +0000 Admin http://www.buytoletmortgagesite.com/should-i-get-a-fixed-rate-mortgage-if-i-plan-to-remodel-right-away/
ounlopez questioned: Hi all,

I am plotting to buy a house with 5-10% down, but I want to remodel the kitchen and bedroom within the next two years. I expect this will add to the value of the house, making my loan-to-value ratio closer to 80/20. Do you reckon I should get a mortgage with an ARM, if it has a better rate, and then refinance once the remodeling is complete? Any…

]]> http://www.buytoletmortgagesite.com/should-i-get-a-fixed-rate-mortgage-if-i-plan-to-remodel-right-away/feed/ 10 What are my options in getting a new mortgage; will it be a regular one or an investment mortgage? http://www.buytoletmortgagesite.com/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/ http://www.buytoletmortgagesite.com/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/#comments Sun, 14 Feb 2010 05:22:39 +0000 Admin http://www.buytoletmortgagesite.com/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/
eric_j_morton questioned: I bought a house a year ago and fixed it up while I was living n it. Now I want to buy a new house and rent my current one out. What are my options in getting a new mortgage; will it be a regular one or an investment mortgage?
]]> http://www.buytoletmortgagesite.com/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/feed/ 2 What is the difference between Collateralized Mortgage Obligations and other mortgage backed securities? http://www.buytoletmortgagesite.com/what-is-the-difference-between-collateralized-mortgage-obligations-and-other-mortgage-backed-securities/ http://www.buytoletmortgagesite.com/what-is-the-difference-between-collateralized-mortgage-obligations-and-other-mortgage-backed-securities/#comments Fri, 05 Feb 2010 05:44:56 +0000 Admin http://www.buytoletmortgagesite.com/what-is-the-difference-between-collateralized-mortgage-obligations-and-other-mortgage-backed-securities/
Rich P questioned: How do CMO’s differ from any other mortgage-backed bundles? I know fannie mae finances primarily by selling the latter, so what is the benefit in CMO’s in comparison to them?
]]> http://www.buytoletmortgagesite.com/what-is-the-difference-between-collateralized-mortgage-obligations-and-other-mortgage-backed-securities/feed/ 1 Can a Mortgage Company hold your insurance check for the repair of your building? http://www.buytoletmortgagesite.com/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/ http://www.buytoletmortgagesite.com/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/#comments Wed, 03 Feb 2010 23:38:08 +0000 Admin http://www.buytoletmortgagesite.com/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/
Charles C questioned: My building suffered hurt with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can’t end the repairs needed. My mortgage payments are up to date.
The repairs are done, the Mortgage company inspected the repairs and they are holding the depreciation check. Would anyone know why?
…]]> http://www.buytoletmortgagesite.com/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/feed/ 2 How do I choose who to get my mortgage through? Major banks or smaller mortgage companies? http://www.buytoletmortgagesite.com/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/ http://www.buytoletmortgagesite.com/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/#comments Tue, 02 Feb 2010 23:50:13 +0000 Admin http://www.buytoletmortgagesite.com/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/
hmmmmm questioned: I have an established relationship with Bank of America but there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or lender and they go bankrupt or get bought out by another company? Does it affect your mortgage rate? Is that the chance you take or is the rate locked in no matter what?
…]]> http://www.buytoletmortgagesite.com/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/feed/ 3 Is it possible to get a mortgage for a house if I am unemployed? http://www.buytoletmortgagesite.com/is-it-possible-to-get-a-mortgage-for-a-house-if-i-am-unemployed/ http://www.buytoletmortgagesite.com/is-it-possible-to-get-a-mortgage-for-a-house-if-i-am-unemployed/#comments Sun, 31 Jan 2010 18:27:59 +0000 Admin http://www.buytoletmortgagesite.com/is-it-possible-to-get-a-mortgage-for-a-house-if-i-am-unemployed/
Mike questioned: Let me be specific: I have 130,000$ cash, but am unemployed. I received this money as an inheritance. I intend to buy a house with several floors and tenants. Is a mortgage possible in my case? My intention is to at first keep payments going for the mortgage through the revenue generated by the tenants. This will give me the time to get a new job. Would a bank…
]]> http://www.buytoletmortgagesite.com/is-it-possible-to-get-a-mortgage-for-a-house-if-i-am-unemployed/feed/ 9 What is the difference between a mortgage and a home equity loan? http://www.buytoletmortgagesite.com/what-is-the-difference-between-a-mortgage-and-a-home-equity-loan/ http://www.buytoletmortgagesite.com/what-is-the-difference-between-a-mortgage-and-a-home-equity-loan/#comments Tue, 26 Jan 2010 09:31:07 +0000 Admin http://www.buytoletmortgagesite.com/what-is-the-difference-between-a-mortgage-and-a-home-equity-loan/
BC questioned: I own a home that is paid off but want to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a home equity loan. I’m not interested in HELOC’s.
]]> http://www.buytoletmortgagesite.com/what-is-the-difference-between-a-mortgage-and-a-home-equity-loan/feed/ 6 What are some tips on finding a good mortgage broker? http://www.buytoletmortgagesite.com/what-are-some-tips-on-finding-a-good-mortgage-broker/ http://www.buytoletmortgagesite.com/what-are-some-tips-on-finding-a-good-mortgage-broker/#comments Sat, 23 Jan 2010 05:56:06 +0000 Admin http://www.buytoletmortgagesite.com/what-are-some-tips-on-finding-a-good-mortgage-broker/
Yumes questioned: What are some tips on finding a excellent mortgage broker?
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