Catwoman asked: I pay all my bills in full-except one of my creditors (which is not a secure loan) since I lost my former job and my new job pays a lot less. I send this unsecured loan creditor 30/mth which is all I can afford and they are still harrassing me. Could they levy my checking account?
divorce
CO4closure asked: I had a property go to foreclosure in Colorado with 1st and 2nd mortgages. The 2nd is now trying to settle and has been calling and mailing me for the past 8 months. Can they collect? Should I settle or should I just pay an attorney to make them go away. They are out almost $80k and I didn’t file bankruptcy.
Link to Blog: Consolidating Your Debts
Everyone asked: -My husband removed his name from our home and how do I refinance it?
-What other responsibilities do I need to do since he removed his name from the property?
Link to Blog: Investing
merk asked: My husband and I owe about $98K on our house. Before we got married, he took a $40K second mortgage on the house to pay for graduate school. We are only paying the interest on the 2nd mortgage, at about $350 a month. We are planning to sell in two years and we’ll list the house for about $170K. My question is, do we continue paying just the interest on the 2nd mortagage and pay it off when we sell, or should we start making larger payments off the balance? Any help you can give is greatly appreciated!!!
We put a decent amount into savings a month, and retirement each year. I’ve been going back and forth over paying more towards the balance of the 2nd, or paying more towards credit cards that have a low interest rate.
Link to Blog: Collateral for loans
Rosanna asked: My sister is getting into serious trouble with her home and it may be foreclosed. She bought into one of those designer mortgages several years ago and now the interest rate is ridiculously high and her mortgage is double from what she started with. If I co-sign to help her refinance her home, she could get a significantly lower (more affordable) fixed interest rate. Should I co-sign for her?
What are the risks involved? How is co-signing for a house different than co-signing for a car? How does it affect my credit? How does it affect my future with home-buying? I don’t own a home yet, but what if my husband and I are ready to buy our first home in the next one to five years?
Link to Blog: Valuations
whattheheck asked: If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. I don’t want to call a mortgage place right now because they will run our credit and all that stuff. Also would we qualify for the low rates that are being advertised if we have good credit?
Link to Blog: Valuations
simply661 asked: My mother recently refinanced her home twice before and because of the housing market going wayyy low she was looking to see if it was possible to refinance her home to lower her payment and go back to a fixed 30 year loan. (we don’t want to take any money out btw just lower the payment)
Is that possible?
BTW she’s on an ajustable rate.
Link to Blog: Mortgages
