-
FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Search results
Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills Please click a topic or scroll down for more.
Google Search Results Community Search Results
-
-
-
B
MI shared/common property line law (8 acre res & 60 acre res/ ag) do's/ don'ts??
State is MI Two property owners with common property lines. Rural area. Is there a property line type case or law that defines the 'do's & don'ts ' on property lines? Conduct? Situation, if it matters :) Guy1 sells residential house w/ ~8 acres to FOLKS ~1 yr ago. Guy1 and FOLKS share ~1 mile or...- BriantheBanker
- Thread
- Replies: 0
- Forum: Mortgages, Refinancing & Foreclosure
-
B
mi tax/ insurance impound/ escrow problem
What is the name of your state? MI I'm a mortgage banker. A client of mine emailed me, "I have a question that you may have an answer for. I will give some background information first. My previous loan was with Countrywide. After closing the new loan with your people, I got a check in the...- BriantheBanker
- Thread
- Replies: 4
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Home equity vs conventional
Symantics. A Heloc is a home equity line of credit. These loans are normally ARM's and can be borrowed against, paid off and borrowed from again (similar to a credit card.) A HELOC could be considered a conventional loan. Conventional loans are those other than government loans (FHA, VA) or...- BriantheBanker
- Post #2
- Forum: Mortgages, Refinancing & Foreclosure
-
B
due on transfer clause
ok so someone can't quit claim onto title???? File a deed and record it. (of course there is no such thing as quit back.) sometimes generalizing confusses the best of 'em.- BriantheBanker
- Post #11
- Forum: Mortgages, Refinancing & Foreclosure
-
B
due on transfer clause
in other words... :D You may not have to wait. 12 months was just an example. Some lenders may allow you to show a couple months of payments to over-ride payment. Quit .....means Some people think it is Quick Claim. the form you filed to get off title was a quit claim. you 'quit' off title...- BriantheBanker
- Post #9
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Question about increase in mortgage
refinance The only way to get rid of PMI (in your situation,) is to refinance with a NO PMI program. There are many programs that will allow you to finance >80% without PMI. Depending on your current rate, a refi for the same rate would still save you money. Additionally, do not escrow your...- BriantheBanker
- Post #6
- Forum: Mortgages, Refinancing & Foreclosure
-
B
due on transfer clause
proof of who is paying NOTE If the (other) guy can provide you with 12 months cancelled checks verifying (he) is paying NOTE, not you; you will be able to get financed. If the house is being rented, 75% of rent can be used to off-set the PITI payment. Quit back on to title. if you get back on...- BriantheBanker
- Post #7
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Prepayment Rider Discrepancy
too high of a rate chad, Your loan officer is looking to make (gross) ~2% on the rate. 5.875 is Too high! You can do MUCH better. Unless you need the cash tomorrow, look around for a bit better rate. 5.5% would still make the LO money. Good luck, BriantheBanker- BriantheBanker
- Post #6
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Please help....
too much info Here's a tip. When applying for a mortgage, describe your credit accurately but do not seem desperate. If you call and say, "my credit is bad, I don't know if you can help me, you're my last resort..." you are inviting/encouraging someone to possibly over charge or take advantage...- BriantheBanker
- Post #4
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Is this a good refi deal?
Fixed is NOT a good option, especially at 6.25%. :cool: Why would you go with a fixed loan??? Do you intend to live in this house and never refi or sell? The offer you posted is TERRIBLE!!!!!! I don't recommend fixed for many. There are some excellent and versatile 'alternative' programs with...- BriantheBanker
- Post #6
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Trying to refinance, Please help
??? Please explain the difference.- BriantheBanker
- Post #11
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Prepayment Rider Discrepancy
N/a 2/28 & 3/27 are ARM programs. you have a fixed, so it doesn't apply. Many companies follow the fixed period for their pre-pay terms. 2 year fixed with 2 year prepay. Sorry to confuse you. BriantheBanker- BriantheBanker
- Post #4
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Please Interpret
YES and NO There is HUGE debate in the mortgage industry regarding who is in charge. (Some) Federal Banks claim state laws do not pertain to them. The problem is that states are trying to implement and interpret law differently. (Some) Fed banks claim it is not fair or feasible to follow state...- BriantheBanker
- Post #4
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Prepayment Rider Discrepancy
First things first... The Broker you are working with could take a pro-active step in assisting you with your proofs. Q.a) If the original documents (prepayment rider) show a 3 year prepayment penalty and the only copies I have show a 2 year prepayment penalty, is there anything I can do? I...- BriantheBanker
- Post #2
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Trying to refinance, Please help
I need that number the next time I have a lien that won't discharge, I'm calling you. A BK Discharge does not release the lien. If you have underwriters who are insuring over, they are brave. I too have had some luck with persuading underwriters, from time to time to insure over items. To say...- BriantheBanker
- Post #9
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Can they do this?
Just like any other profession, it's not the company, it's the people who are taking Are you sure the mortgage company is not still actively a part of your application process. What may have happened is that a corresponding lender has been brokered to obtain you loan. Almost all banks can wear...- BriantheBanker
- Post #6
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Bankruptcy History/Requesting Credit
facts Here are a few issues standing between you and a loan: Q1.The house needs major repairs, new roof, windows for starters. BANKS HATE STRUCTURAL problems. Structural items need to be appraised with at least a 3 year remaining life. Need clean appraisal. (you may have told them too much.)...- BriantheBanker
- Post #7
- Forum: Mortgages, Refinancing & Foreclosure
-
B
minimum apr?
Cya 1%. If the money is NOT a gift, pay some interest. Who knows who may get a wild hair and want interest for G-Pa. If the money is a gift, get a gift letter. If not a gift, prepare paperwork detailing the loan amount, rate of interest, term and any other applicable items. For your sake, get...- BriantheBanker
- Post #3
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Prepayment penalty
payoff is a good idea Yes, if you are loosing sleep over the ppp; a payoff will show a ppp or not. Believe it or not, some of these companies do not know what the actual terms of your loan are. Because of the enormous amount of paperwork, servicing centers (where you call for account info...- BriantheBanker
- Post #5
- Forum: Mortgages, Refinancing & Foreclosure
-
B
Foreclosure FROZEN ???
Authorization to Release Information You need to have LC holder (or whatever you are calling (him)) Authorize you to talk with mort co. about account. A verbal works if you only need to call once (conferce calling is recommended). If you want the ability to call multiple times, you need to fax...- BriantheBanker
- Post #5
- Forum: Mortgages, Refinancing & Foreclosure
-