Comments on: Dealing With Colorado Mortgage Programs

By: Christopher

Christopher — Sat, 25 Jul 2009 18:03:53 +0000

barney frank,chris dodd,ACORN,and all other democrats forcing banks to give loans to PEOPLE WHO COULD NEVER PAY THEM BACK..

By: Anonymous

Anonymous — Sat, 25 Jul 2009 06:55:16 +0000

PMI protects the lender in case your loan goes into default. The only way to have it removed is when you owe less than 80% of your home's value.

By: houstonrediva

houstonrediva — Fri, 24 Jul 2009 22:04:49 +0000

Times like these, I am so glad that I am a licensed real estate agent. Because I am also a Real Estate Investor, I am concerned that the public will be afraid to trust honest investors who really are helping homeowners avoid foreclosure. In some cases, ONLY a real estate investor can help.

By: BadDealdotORG

BadDealdotORG — Fri, 24 Jul 2009 19:24:20 +0000

You can find out ALL about mortgage fraud over on baddeal org

Trust me.

By: buad0118

buad0118 — Fri, 24 Jul 2009 13:19:37 +0000

When a senior lien forecloses, a junior lien is wiped out.

So if the first mortgage holder forecloses, the second trust deed goes away. If the second forecloses, you'll still owe the first.

Oftentimes, if a senior lien forecloses, the junior lien holder will send a representative to the auction to defend its interests by making sure the property goes for enough to pay the junior lien as well. Or they buy it themselves with the idea of reselling. Costs money, yes. But better than losing their whole investment.

By: TexasBound

TexasBound — Fri, 24 Jul 2009 12:20:39 +0000

That depends on a few things.

How much equity do you have in your current home?

What is your credit score?
What is your debt load?

Yes you can get a 2nd mortgage on your current home to buy another, people do it all the time.

Your income must support maintaining your current home (you should be able to get a renter in there to offset the mortgage payment or some portion there of) and support your new mortgage.

You can get a loan with a BK. Many lenders require it to be discharged for 2 years, however, there are still a few lenders that will lend on a BK only being discharged 1 day.

In a nutshell, yes you can, if all your other ducks are in a row.

Good luck

By: Matanumi

Matanumi — Fri, 24 Jul 2009 05:14:13 +0000

fuckin harilous…..

By: sammus

sammus — Fri, 24 Jul 2009 01:06:46 +0000

i do not see any problem with you getting the refinance and i would not worry about the business end affected it!!!

By: Mamacita

Mamacita — Fri, 24 Jul 2009 00:03:15 +0000

creditreport.imess.net – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

By: 2fuck2shit2

2fuck2shit2 — Thu, 23 Jul 2009 20:30:24 +0000

What is the Key disfavors by Having Your Mortgage

realmortgagepaid.blogspot. com