Josh L questioned: What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, but, my mortgage plus escrow is greater than 31%. Which counts?

TM W questioned: So Far this year I have paid over fifteen thousand dollars in interest on my mortgage. Is there a certain percentage that is refunded when I do my taxes? Also, are closing costs refundable too?

Cindy16 questioned: I am looking into different mortgage.
Get very confused by so many different kinds of them.
What are the differences?

If we are plotting to get a 300K mortgage, and plotting to stay in the house for at least 5 years.
What mortgage might be excellent for us?

30yr fix
5/1
7/1
why there is 5/1 ARM?? What is the different between all these?

thank u

Kristi questioned: I’m tryin to sell my house in Michigan. We have had it up for sales for 2 months, and had only one showing. We can’t lower our asking price any lower then it currently is without having to come to closing with money. (that I don’t have) Since our realtor already lowered his commission he suggested talking to our mortgage company about a small sale. What is your opinion?

SJS questioned: My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.

I paid the bill myself, because it is over six months late and I risked being place on the TAX SALE foreclosure list.

Should I be worried that they are going out of business? Or is this a computer glitch?

vals.beach questioned: I have two homes with the same mortgage co. One I can’t afford and the other I can. The one I can afford has a small equity. Can they force me to sell it if I go into foreclosure?

Michael N questioned: I have never had a job. I am self-employed with ample cashflow to make mortgage payments, but no bank I have questioned will let me take out a mortgage without two years of tax returns.
Right – I don’t read / watch the news.
I wouldn’t be so daft as to speculate. I’m joining forces with someone who has been in the industry for years – one who has successfully…

Spunkfight questioned: I have an interest only mortgage with my mortgage lender but I would now like to let my house out.

I have been advised that if I let my house out I am obliged to let my mortgage provider know.

I don’t know what the repercussions of this would be if I did or didn’t tell them. How would they find out if I just let it out anyway? What would…

when and how questioned: My mortgage company added an escrow account without my consent. I never agreed to it and never signed anything. I have had this mortgage for over 3 years and noticed all of a sudden they made a payment to my property taxes and are telling me there’s a shortage in my escrow and raising my monthly payments by over $100 when I never agreed to this and…

Sammi S questioned: We were pre-approved for a mortgage, and we submitted the application for the FHA loan already. Our mortgage broker said that we’d need to have some receipts on outstanding payments we owe, and we’ve gotten those to provide to him. Now, how likely is it that he’ll pull our credit scored again?