mortgage 10 years early, how much more money does he have to pay on the principal each month? (Do not consider interest expense in your response)..

My parents are approaching age 62 and had previously discussed getting a reverse mortgage. How exactly does this work? I know they still have a balance on their mortgage and since the crash have little (or even no) equity in their place.

could someone please explain to me why the bank doesnt want to give us a loan. we have a mortgage already, the thing is we owe 48000 on the mortgage, we want to tear down our old house and take out another 80000 to rebuild, so we would combine the old with the new. our credit is good,no bad debt, payments on time. i dont understand what the problem is. advice please!

Hi,
We currently own a mobile home on it’s own land. We’re interested in purchasing a house, but have bad credit. A family member is going to loan us 40,000 (we’ll pay them back when the mobile sells). The house we want is 90,000. We make about 25,000 a year. Will we be able to get financed?

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

What about if I was no longer claiming? Would it be a sort of black mark against my name?

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?