Frequently Asked Questions
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1 Why are Mortgage Brokers Douchebags?
2 Can I lie about my Income on a Stated Loan?
3 Do I qualify for a Down Payment Assistance Program?
4 Sub-prime vs. Predatory
5 Rental home vs. Second home: What's the Difference?
6 What is the The Golden Triangle in Mortgage?
7 What are my options if I want to Make Additions/Major Renovations to my home?
8 Can a bank come after me after I've sold my home in a short sale?
9 How Does a Construction Loan Work?
10 What Happened to the 40 yr Mortgage ?
11 Can Banks Benefit from Foreclosures?
12 What are the Advantages and Disadvantages of a 15 yr loan Vs. a 30 yr loan ?
13 What is a Portfolio Loan?
14 What is the Cash for Keys Program?
15 What are the Reprecussions to Trashing My Foreclosed House?
16 What is the Purpose of a Temporary Buy Down?
17 Can I Buy a Home while I am being foreclosed on?
18 What is the difference between being Prequalified and Preapproved?
19 What is the difference between a Reverse Mortgage and a Cash-out Refinance?
20 Do Mortgage Interest Rates Vary from State to State?
21 What Is an Attorney State?
22 What is the Role of a Title Company?
23 Why should I choose a Hybrid Loan?
24 What does FICO stand for?
25 Advantages to the Option ARM?
26 Why is my Real Estate Agent Pressuring Me to Use their Lender ?
27 Why is it so difficult to Finance a Condo in Litigation?
28 If I am Unemployed Will the Bank Modify my Loan?
29 How Do Stated Loans Work?
30 How much Do Loan Officers Have to Pay for Credit Reports?
31 Do I Need to be Present at Closing?
32 Can I buy a Home if I Have Tax Lien?
33 If I am just Paying the Minimums on my Credit Cards will it Hurt my Credit?
34 Will Paying Off Collections Improve My Credit Score?
35 What is the minimum FHA Fico Score?
36 When are the Drawbacks to Refinancing?
37 Do Loan Officers Need to Live in the State they do Business?
38 Is it Legal to Purchase Two Homes at Once?
39 At what percentage does my debt to income ratio have to be to qualify for a loan?
40 Can you give me an example of a debt to income (DTI) ratio?
41 How is my debt to income ratio calculated by my lender?
42 Why is my debt to income ratio relevant?
43 What is a debt to income ratio, or DTI?
44 What does it take to become a Loan Officer ?
45 What is a Tradeline?
46 What is a Loan Recast ?
47 Can I get a Mortgage Outside of the US?
48 Do Insurance and Taxes have to be Paid to my Mortgage Company?
49 Should I be Paying for an appraisal up front?
50 How do I Avoid Getting Ripped Off on my Mortgage?
51 Do Loan Officers Need to Be Licensed
52 What does a Loan Officer do?
53 What are the Pros and Cons of a Wrap-Around Mortgage ?
54 Can I refinance if I am underwater on my Mortgage?
55 What is the Average Length of Time Someone Stays in the Mortgage ?
56 How Long after a Foreclosure until I Can Buy a Home again ?
57 Does Having My Credit Pulled by Multiple Mortgage Companies Hurt My Credit Score ?
58 Can I Waive my Right of Rescission?
59 How Does An Option ARM Work?
60 What are the most profitable types of loans for mortgage agents?
61 How Long Before My Property Goes into Foreclosure?
62 Is Down Payment Assistance Legal?
63 Can I get a 100% / No Down payment loan?
64 What is Considered Commercial Real Estate?
65 How Long Does it Take to Get a Mortgage?
66 How Can I Raise My Credit Score?
67 How Does Piggybaking a Tradeline Work?
68 What is a Rapid Rescore?
69 When Does an Adjustable Rate Mortgage Make Sense?
70 Are Closing Costs Tax Deductable?
71 Is the Mortgage Interest on a Second or Third Home Tax Deductable?
72 Can I deduct my mortgage Interest against the top tier of my income tax?
73 Is there a cap on the amount of mortgage debt one can Deduct from their Taxes?
74 Is Mortgage Interest Tax deductable?
75 What is the Difference between a Tax Deed Sale and a Tax Lien Sale
76 Does a Tax Lien Get Paid Before a Mortgage Lien?
77 How Much Do Mortgage Agents Make Per Loan?
78 What is and is not included when calculating APR?
79 How to Calculate APR
80 Am I Eligible for a Loan Modification?
81 What does a Loan Modification Cost?
 

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