Our video on VA Loans explains all the benefits for Veterans in using the VA Home Loan Program. VA Mortgage Center.com is proud to work with thousands of Vets each year, helping them purchase or refinance their home.
Duration : 0:3:59
VA Loans from VA Mortgage Center.com
We are being sued! If we file for bankruptcy will our mortgage lender have to attend the hearing?
My husband is being sued for a car accident that he caused a year ago,for $100,000… we dont make alot of money and we recently bought our first home 4 months ago. If the plaintiff wins and we are not able to pay and he garnishes my husbands wages we will need to file for bankruptcy. Will our lender have attend the bankruptcy hearing and will this at all affect our loan with the mortgage lender? Thanks for your help!
lol..landlord, no of course not. The accident happened over a year and half ago and no, he was not hurt, he didnt even go in an ambulance and his car only had a dent in it…he is suing us for emotional damage and "physicall therapy" and loss of work…he is a total fraud and hopefully we will win in court but just in case we dont, I was just wondering…stop being so judgemental
Your mortgage lender will not have to attend the hearing. I can’t believe you bought a house knowing you hurt those poor people. Does your husband have no conscience at all?
BTW, a bankruptcy will not let you rip those people off, that is not included, as well as the house.
Is a Reverse Mortgage Right For You?
Explains beyond the fundamentals of reverse mortgages to explore a range of topics senior homeoners should consider when evaluating their retirement funding options. Three types of reverse mortgage borrowers are featured.
Duration : 0:6:47
My friend has a mortgage offer on a new house but has just lost his job. Does he tell the mortgage lender?
My friend, who is single, lost his job last week. He has a mortgage offer on a new house he is buying and says he’s going to continue to buy it as he can cover the mortgage by getting lodgers. Does he need to tell the mortgage lender about his changed circumstances by law?
It’s a civil matter; under the terms of the contract he is entering into, he does have to disclose any material changes to his circumstances prior to completing on the purchase. Some lenders will state this specifically, others will simply say that ‘we reserve the right to withdraw the offer if your circumstances have materially changed’.
Lenders will also stipulate on residential mortgage offers that permission must be sought before the property can be sub-let or lodgers taken-on.
If your friend does not disclose any material changes before completing, he could find himself in court. This isn’t a vague threat that lenders band about – it’s happening increasingly more often as lenders want to protect their business. At the very least the lender will almost certainly call-in the loan rather than charge a higher rate of interest, which could leave your friend in the brown, smelly stuff if the value of the house has gone down and he has to pay redemption fees (oh yes, they’re still payable), charges, fees etc and can’t get another mortgage. The chances of getting another mortgage while unemployed are minimal at best, and impossible if he has fraudulently obtained this mortgage.
He could always speak to the lender, tell them his circumstances and ask them to hold the offer open until he finds a new job. They’ll want to reassess him, but it may save the fees.
How Lender’s Set Mortgage Rates Part II
http://www.myfirsthomenewsletter.com/subscribe.php Ever wonder how lender’s come up with the rates they do? You can stop wondering, cause I’m going to tell you how. We all answer to a higher mortgage rate power, namely the secondary market. The secondary market is where Fannie Mae, Freddie Mac, and other mortgage lenders ply their trade. These government founded agencies purchase the loans that lenders make, then either hold them in their portfolios, or bundle them with other loans into mortgage-backed securities.
Duration : 0:2:9
How Lender’s Set Mortgage Rates Part I
http://www.myfirsthomenewsletter.com/subscribe.php Ever wonder how lender’s come up with the rates they do? You can stop wondering, cause I’m going to tell you how. We all answer to a higher mortgage rate power, namely the secondary market. The secondary market is where Fannie Mae, Freddie Mac, and other mortgage lenders ply their trade. These government founded agencies purchase the loans that lenders make, then either hold them in their portfolios, or bundle them with other loans into mortgage-backed securities.
Duration : 0:3:22
When is the best time to look for a mortgage lender?
My wife and I are building our first house. The closing date on the house is April, 25, 2009. That’s a little over 2 months. Should we start shopping around for the best mortgage rate now or wait until 1 month before closing date? Any advice(s) on mortgage lender is welcome. Thank guys!
Now. It usually takes 12 weeks to get the money.
Try your local bank first and if you have payments taken right from your checking account that usually shaves 1/2 a point off the interest
Subprime Loans
Subprime Mortgage Lenders are in financial trouble because too many customers are defaulting on their loans. KRON4’s Maureen Kelly finds that one former customer of one subprime lender was talked into a loan she couldn’t afford.
Duration : 0:1:55
If my mortgage lender goes bankrupt is it possible that I could buy back my own note for less?
I know that the normal course of action is for those notes to be sold to another lender for a large discount but is it possible to benfit as an individual for the decreased value of my mortgage lenders asset?
The notes are sold in a huge bulk, they are not divided up into individual notes. They can not be sold as you are dreaming.
PROTEST! 10/19/08, Mortgage Bankers National Conference
Protest at the Mortgage Bankers National Conference
No Evictions – No Foreclosures
Housing is a Right!
Sun. Oct. 19, 3pm – Protest at opening ceremony of conference
The Mortgage Bankers Association is holding its national conference at the Moscone Convention Center in San Francisco. The banks are responsible for creating the housing crisis that is forcing millions of people out of houses and apartments across the country. Despite receiving hundreds of billions of dollars in taxpayers money to rescue them after their sub-prime and other high risk schemes collapsed, the bankers are opposed to reforms that would allow people to renegotiate their mortgages and stay in their homes. The banks and politicians—including Bush, Pelosi, McCain and Obama—blocked adding a point to the bailout bill that could have prevented millions of evictions. Join us to protest the bailout of the banks and big investors, and to say: NO to Foreclosures and Evictions—Housing is a Right!
Sponsors: ANSWER Coalition, Cindy Sheehan for Congress, Cynthia McKinney—Green Party candidate for President, Alliance for Just and Lasting Peace in the Philippines, Justice for Filipino Veterans, Code Pink, Nathalie Hrizi for Congress, Gloria La Riva/Eugene Puryear—Party for Socialism and Liberation Presidential Campaign, West County Toxics Coalition and Peace and Freedom Party.
(song used: “Whatever Happened to my Rock & Roll”, by Black Rebel Motorcycle Club)
-rusty nails-
www.votenader.org
Duration : 0:2:21