David Reed

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Member Since July 9, 2008 , From Austin TX, United States
David Reed is WalletPop 's Mortgage Expert
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Answered: How can our Government afford all these bail ...

ProfitBob...what a great answer!!

Answered: Mortgage

Yup. Lenders make loans based upon the loan amount compared to the current market value. If it takes money from you to make that loan to value ratio correct, then you can certainly do that. Most ...

Answered: Effects of Foreclosure on Assets and Credit

Can you rent the MI property out? A foreclosure is the worst thing on a credit report, and most lenders won't make a new home loan until 5 years has passed. If you can avoid it, do so.

Answered: In a home loan being originated by a mortgage ...

There's no difference, it's profit to the broker with a different name.

Answered: New mortgage

Hi Kim....I think you'll be just fine. What happened ten years ago is so, ten years ago. The most important credit behavior occurs in the most recent twenty four months. So if you kept your nose ...

Answered: Hello, Is there any advantage to paying off your ...

One extra payment per year on a 30 year note knocks off about 6 years from your loan. That's what a bi-weekly loan is, one extra payment. It costs some small change to set up a biweekly so instead ...

Answered: "Dollar is dead, US is in recession" whats your ...

The US isn't in recession and the dollar isn't dead. That's my take.

Answered: Wrap around Mortgage

A "wrap" means you pay the current owner, who then pays the mortgage to the current lender. Mucha problemas contiga. Mortgages carry a "due on sale" clause meaning that if the current owner attempts ...

Answered: Do you have a name all mortgage in us under list ...

Names of lien holders (lenders included) are recorded at your local county or parrish office. There is no national database and yeah, there is no law to limit how often a mortgage can be sold ...

Answered: Going On 3 times same question!

How would we know? You need to contact a local title agency or go to your county office and search public records.

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