Mortgage Community Forum Topics - RSS Feed

Through MortgageFit forums, the Community holds discussions on various issues that common people come across while dealing with professionals in the mortgage industry. The forum topics also highlight the knowledge and experiences shared by our Community

Help! i dont know how my credit rating got so low - (Found June 6, 2008 )

I have just checked my credit file and found i have a credit score of 290 - it said the negative factor on this is mainly as several lenders have looked at my file in the past 3 months, a total of 11! I recognise all of the companies who have searched me but one is showing four times and another is showing three times The dates differ by a few days but they are the same companies I have applied for a lot of credit recently. But i got declined for credit the first ever time i applied - so my.
http://www.mortgagefit.com/credit-rating/about11969.html

send quick deed to the courts - (Found June 6, 2008 )

dose the quick deed need to be mailed to any authority
http://www.mortgagefit.com/quitclaim/mail-authority.html

First time buyer Pre-Qualify Credit Mishap - (Found June 6, 2008 )

Recently, I had an appointment to get pre-approved for a mortgage. Everything was great as far as assets and employment history. I have a previous bankruptcy that discharged a couple years ago. I made the really bad mistake of breaking my cycle of saying no to those pre-approved credit card offers and totally forgot that I got the account. All bills and statements were going to a different address. I have been on time with everything else and my car is due to be paid off next month with no...
http://www.mortgagefit.com/firsttimebuyer/creditmishap-203k.html

quick claiming children - (Found June 6, 2008 )

hello. Hope all is well. My mom would like to add all of her seven children to the property. Is this possible and is their a limit on the ammount of owners on a title. What would you recomend thank you.
http://www.mortgagefit.com/propertytransfer/add-7children.html

Renting a mobile home for 1.5 years and now want to buy it - (Found June 6, 2008 )

A friend moved to Florida for a new job. I have been renting his mobile home in North Carolina since Jan 07. He now wants to sell this so he can buy a house in Florida. I would like to buy it. I've heard of deals where tenants can buy and have it considered a refinance instead of a purchase.
http://www.mortgagefit.com/mobilehome/tenant-purchase.html

Does bankruptcy help avoid paying the deficiency - (Found June 6, 2008 )

We are in Maine where my first house is going into foreclosure, the home has structural; problems which can be repaired but I need $25k for that. I owe $140k on the first and $15K on the home equity lien of credit. the house is not in such condition that I could sell as I said repair work as to be done. My husband consulted an attorney and he suggest we should file bankruptcy to avoid paying the deficiency. Meanwhile we are planning o buy another home as we got approved for another mortgage...
http://www.mortgagefit.com/bankruptcy/avoidpaying-deficiency.html

Is Quit Claim Deed the right choice and what are tax implica - (Found June 6, 2008 )

Mother-in-law is willing to transfer undeveloped property to us in order for us to build a house. Told by developer a quit claim was the way to go. She still owes $8,000 on it to a private seller that we wish to roll into our construction mortgage. Is quit claim the way to go Also what are the tax implications for her and us in regards to gift or transfer taxes. Obviously I don't want her to suffer financially as a result of such a generous gift.We live in florida and that is where the...
http://www.mortgagefit.com/propertytransfer/quitclaim-taximplication.html

Mortgage still in my name and ex unable to assume - (Found June 6, 2008 )

My ex and I divorced in 2005, and the decree states that I will be divested of all right, title and iterest in and to said real property. Well, the loan is still soley in my name and my current spouse and I are planning on purchasing a home in Florida. Luckily, all the payments have been prompt. What are my options The ex doesn't have the credit or job history to assume the loan. Can a notarized Quit Claim Deed be enough
http://www.mortgagefit.com/propertytransfer/removename-homeloan.html

In NJ do both spouses have to be included on a mortgage - (Found June 6, 2008 )

In NJ do both spouses have to be included on a mortgage The wife does not work and has a fair credit report (666 and some blemishes). The husband works and has an excellent credit report (780 and no blemishes). They are going for a JUMBO loan. Only the husband is going to be on the dead to the house.
http://www.mortgagefit.com/jumbo/housewife-coborrower.html

Repairing credit and buying a home - (Found June 6, 2008 )

Hello, I will be graduating with master's degree in library science next spring, and I'm thinking about purchasing a home once I'm employed full-time. I made a lot of mistakes with credit cards during college (3-5 years ago) and I'm now in the process of paying off my old debt. My credit score has risen to 533 from 487 in March, but I would like to get it over 600 before attempting to qualify for an FHA loan. I have taken some positive steps in this direction. I have a credit card with a.
http://www.mortgagefit.com/credit/repair-buyhome.html