Mortgage Insurance

Where is the best place to go for refinancing a home?

Sun, 21 Mar 2010 17:52:07 +0000

I am thinking about refinancing since currently I’m at a 7.5% loan. I’ve had the house for almost 3 years (paying that interest!) and I’d really like to lower my payments. Can anyone make a good suggestion as to who I should go through for a great deal? Only problem is I don’t really have much money to put up front.

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Hey, Bernanke, Paulson, and, Bush: Pay off OUR Loans!

Sun, 21 Mar 2010 17:52:04 +0000

www.donharrold.net If it’s so important that we all “own” our own homes, pay off OUR loans. Let the banks fail for a change.

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Underwater Mortgage? Walk Away!

Sun, 21 Mar 2010 16:59:59 +0000

***** Independently produced & Individually Supported. Thank you for donating: wp.me ****** TWITTER www.twitter.com On facebook: www.facebook.com & the NCFT FB GROUP: www.facebook.com WEBSITE www.nocureforthat.wordpress.com

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What is the most affordable life insurance and health insurance?

Sun, 21 Mar 2010 16:53:38 +0000

What is the most affordable life insurance and health insurance?
Where can I find Affordable Health and life insurance for me and my wife?
What is the best web site with online quote?
Any answer will be appreciated.

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What kind of financial help is out there for students attending college?

Sun, 21 Mar 2010 16:53:37 +0000

My son has received some scholarships, grants and federal financial aid, but still has a balance of about $8,000.00 for college. Is there anything else available besides a personal loan for us to take advantage of?

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Banking 10: Introduction to leverage (bad sound)

Sun, 21 Mar 2010 16:53:34 +0000

What leverage is. Why it is is good or bad. Leverage and insolvency.

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How much commission is paid on Single Premium (or single payment) Whole Life Insurance Policies?

Sun, 21 Mar 2010 13:50:26 +0000

And is this a percentage of the total lump sum premium/payment or is this a percentage of the TARGET premium/payment….Again, I’m looking to find out about SINGLE Payment whole life insurance.

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Florida residents what is the cost of annual homeowners insurance on your property, and taxes?

Sun, 21 Mar 2010 13:40:09 +0000

Since the hurricanes hit I know that it has gone up, but was wondering where, in FL your located and what they annual premium is, as well as taxes?

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Liberals-do you believe that health insurance is a important as owning a home?

Sun, 21 Mar 2010 13:39:21 +0000

Then why doesn’t Obama propose raising money for his plans by limiting the home mortgage deduction to the amount it exceeds 7.5 % of a persons income( the current threshold for medical deductions)? Why doesn’t he propose to make health costs fully deductible for those that itemize? And for those that don’t have a special box on the 1040 & EZ. This box would be the deduction for the amount paid for a private healthcare policy (defined by the government as a basic plan). The companies that could give the best rates would get the most business. Why can’t the government define a basic policy? They define the minimum car insurance I need to carry?
Are is a power grab more important? If passed into law, what will be the anticipated date that these government subsidy/ rebate taxes paid back to taxpayer plans will go broke in the same fashion that medicare, medicaid, and social security are anticipated to run out of money and need more tax dollars from EVERYONE?
medicare is not efficient with the same outcomes – at the present time there are restrictions in medicare eligible care that you can get if you have private insurance. Medicare accounts for 40% of all US health spending yet covers far less than 40% of the US population. When they say they are going to reduce medicare costs they do it by reducing the amount the reimburse providers (leaving disadvantaged patients to pick up the difference & more providers opting out of providing Medicare services increasing the stress on heavily regulated hospitals.
Advances in medicine are available more widely and sooner in the US than anywhere else and most come from the US.
Part of the problem is the legal system which encourages and allows patients hit the lottery. Depending on the specialty it is possible for 30-45% of a Drs salary to go to malpractice insurance. That money has to come from somewhere and many Drs leave the field when able rather than tolerate it.

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What advice would you give to a young person contemplating buying her first home?

Sun, 21 Mar 2010 13:39:17 +0000

It seems like one of the few silver linings of the gloomy economy is the real estate market that now has more affordable properties, and I’d like to explore the possibility of buying my first home. I am currently on a gap year in between high school and college interning, and next September I’ll be moving up to Palo Alto, California where I’ve discovered a few properties near campus that seem to be good investment opportunities. Ideally I would buy a three or four bedroom home and rent out the larger rooms to graduate students or young professionals, and keep the smallest room for myself for a weekend retreat from dorm life. I would give the roommates a discount in rent in exchange for taking care of my dog during the week.

I recently read that one in three applications for home loans are now being denied, and I know I would be a long shot for approval primarily because of my age. What criteria do they look at when determining your eligibility? I’m young, but I’ve technically been working for 11 years now because I began modeling and acting at the age of six. I was never in the league of Dakota Fanning by any means, but I was able to earn a fair amount, and my parents have invested it wisely for me over the years. I could use that money for a down payment, and would still have enough in savings for a rainy day. I’ve never had a traditional 9-5 job, but I do have a steady income from modeling and my creative pursuits, and I’ve saved all my tax returns and other documentation showing my financial viability. My parents are paying for college, so the mortgage and other expenses related to the house would be my only substantial financial responsibilities.

I’m going to talk with my parents about this, of course, but I’d like to gather a bit of advice and information first so I can be more knowledgeable before having a conversation with them. Based on what I’ve told you, do you think I stand a chance at getting approved for a home loan? How do you qualify for the first time home buyer incentives the government offers? Besides the mortgage, insurance, taxes, and maintenance, what other expenses should I expect? How much do each of those things usually cost? If you’re familiar with the Palo Alto area, do you think the home prices there will continue to drop, or is now the ideal time to buy? Would my parents have to co-sign the loan with me if I found a home I wanted to buy before I turn 18 next spring? Sorry for bombarding you with questions! If there are any books, websites or other resources you can recommend for learning more about the home-buying process I’d be grateful if you could list them in your answers. I realize that I’m a bit naïve about this whole process, and am appreciative of any advice and suggestions you may have.

Thanks in advance for your answers, and for taking the time to read this lengthy question. : )

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