GA Mortgage

What is the best mortgage site in the US?
Explain why you choose this site plz

there are many

http://www.eMortgageDomain.com

I refinanced my home to get equity out of it. I closed on my loan and waited through the 3 day cancellation period. My new lender has excuse after excuse about why they are not paying! I now can’t cancel the loan as I a past the cancellation period but I also cannot get my equity money or the payoff of the original mortgage. Now what? Is this illegal?

about http://www.google.com/custom?hl=en&client=pub-7176723447630046&cof=FORID%3A1%3BGL%3A1%3BS%3Ahttp%3A%2F%2Fwww.google.com%2Fadsense%3BL%3Ahttp%3A%2F%2Fi17.photobucket.com%2Falbums%2Fb92%2Ftheoperative%2F49.gif%3BLH%3A50%3BLW%3A57%3BLBGC%3A336699%3BLC%3A%230000ff%3BVLC%3A%23663399%3BGFNT%3A%230000ff%3BGIMP%3A%230000ff%3BDIV%3A%23336699%3B&domains=www.champs2007.multiply.com&ie=ISO-8859-1&oe=ISO-8859-1&q=home+mortgage+lender+delay+payment&btnG=Search&sitesearch=

I would like to sell subprime mortgages but need to understand who I am looking for and what their needs are. As well as some good lenders to work with. Thanks!

good luck

I’ve been hired in for an inside sales manager position for a small whole sale mortgage lender. I’m looking for scripting, training material, i.e. any information, which may assist in the success of my new Account executives.

yah…so you can talk english….

my mortgage company is harassing us. We told them we would make a mortgage payment on the 31st of December. they said they couldnt take a commitment that far out. They called me every 3 days since 12-3-07. We told them we would pay on that day every time. From 12-27-07 til 12-31-07 they called every day!(including Sunday at 9a.m.) On 12-29-07 a lady told me that they had all of my banking information, and would just take it out of our account! We paid it on the 31st, and already First Franklin Mortgage is harassing us for our Jan. payment. Is this harassment, and what can we do?

How often are you late? If you’re late often, they might have deemed you a financial threat. Sadly, it isn’t harassment. But if they are calling like crazy and you’ve never been late, maybe you should ask a few questions to a lawyer and see if he can give you some advice.

GOOD LUCK!

EDIT: She threatened to take it out of your account? Then YES, that IS harassment… seek a lawyer! And BTW, she can’t do that…. that would be illegal! (Sorry I didn’t read the bit!)

I have a first and second mortgage on my home. The first mortgage is in forclosure. What is the obligation of the second lender. Is he obligated to pay his portion of the second mortgage and then forclose and then recoop his money? Or does the home just go into forclosre and then go to auction if not brought current on time.
Is the second under any obligation to bring the loan current or is it there choice?

The second can do nothing and hope there is money to pay him/her or the second can bring the first current and to their own foreclosure.

Right now I have a fixed-rate mortgage at 6.25% but the job situation is bad and both my wife and I cannot afford to pay the mortgage and our debt. Is it possible to negotiate with our current lender to lower the interest rate to what the government has out now? (lower than 5% I think). How does that process work? I don’t want to refinance, I just want to negotiate for lower interest rate.

I think a loan modification would be your best bet in this situation. Refinancing would cost a lot in the end with the closing cost and commissions to the loan officer. I’ve done a couple loan modifications and the people are usually in a much better situation afterward but there are never any guarantees. I suggest you go to someone experienced in loan modifications and goes through an attorney because they’ll be a lot more qualified to negotiate with the lender. As long as you have a decent cash flow going and your showing a real effort to try to stay in your home. One last thing is that loan modifications are only available for people in hardship meaning you have to be behind at least one payment. But for sure consult a professional before you take any action.

I have shopped around but cant get the amount that i need,this is the only lender which is able to get what i need,and is 6.78% fixed rate for 2 years a good rate? lenders charge is £1999 added to the mortgage and introducers fee of £499
any help will be much a appretiated

It is difficult to answer this question without knowing the circumstances of your application. Nevertheless, any application made to a lender is judged, by the lender, on its merits and the risk the application presents to the lender; it is important to remember that all lenders operate in the mortgage market to make money. Any deal that is presented to the market is offered on the principle that someone will accept the deal, otherwise there is little point in marketing such a proposition. Currently fixed rate deals are not in great supply, therefore any deals that are out there that, on the face of it look attractive, tend to be more expensive. The lender needs to recoup their costs of bringing fixed rate money to the market; in this case the lender has chosen to pass these costs directly onto the customer, up front. Other lenders choose to apply extended tie-ins with redemption penalties, either way, they will recoup their costs one way or another.

If you provide the mortgage company with all the requested info do they typically follow up on that. Does it vary from company to company or is it a common practice for them to execute the 4506t form. Also, has anyone everheard of first choice mortgage in charlotte? Any thoughts on them?

Hi,

The primary reason behind using a 4506 form is to prevent mortgage fraud. Lenders use such a form to collect copies of the tax returns of self-employed borrowers for the past 2 years from the IRS. Most big lenders and mortgage companies ask borrowers to fill out such a form. To know more on why 4506 form is used, refer to http://www.mortgagefit.com/know-how/irs4506form.html .

Regards,

Jessica,
Mortgage mentor

MortgageFit Community

Email: maria@homeloansusa.org