Buff asked:


1st mortgage only.

Lois

endlesstime20 asked:


I have a 1st and 2nd mortgage loans on my condo. The balance on my loan is more than the value of my condo. The loan on my condo is only on my name. If I purchase a new home with my parents (let’s say I can get the loan approve) and default on the loan on my condo…..can the lender go after my new home to recover their lost or 1099 me? Thanks in advance.

Adam

dwanal asked:


I’ve been approved for a 1st mortgage at a fixed rate of 7.38 and a 2n mortgage interest only at 10.425. This loan is for an investment property. I’ve been told that the 2nd loan is Home equity line of credit. How much will my payments go up on the 2nd mortgage and should I look for another loan. Thank You.

Marilyn

Roxanne K asked:


My daughter and son in law have gone through chapter 7 bankruptcy in Oregon. They had a 1st and a 2nd mortgage (which was a home equity loan). There is an auction date set for the sale of their home, but their first mortgage company is giving them the opportunity to ‘save’ the home through a loan modification before it goes to auction. My son-in-law has had recent employment and there is a slight chance they could stay in their home if the details are worked out. My question is this; can the 2nd mortgage (home equity-different lender) come back and lien the house? Or worse yet, foreclose even though the 2nd was discharged during bankruptcy? My daughter doesn’t want to bother with modifying the 1st if there’s a big chance of the reviving the 2nd. This is in the state of Oregon, but maybe the laws are the same in all states.

Thanks for the input!

Agnes

Vanessa R asked:


I am getting ready to buy a home and my mortgage lender went over some fees but I thought they were all rolled into my end cost with a FHA loan. Well now I have paid almost $600 in fees that will be credited to me at closing. I have now picked my closing agent what other fees will I incur before closing? I am just trying to stay afloat with bills and also save enough to have proof of 1st month mortgage. I have searched the internet like crazy but there is not much about fees prior to closing with the VHDA/FHA plus loan. Thanks in advance for anyone’s help! Have a great day.

GARRETT

chibcha asked:


My 1st mortgage has a fixed interest rate and a 2nd mortgage that is a Line of Credit with a variable interest.
I don’t need more cash I just want to get rid of the second mortgage w/ variable rate !!

LON