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Welcome to the Ask Bruce! Welcome to The Mortgage Advice Forums, where borrowers get fast answers and free advice from a Certified Mortgage Planning Specialist (CMPS).
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  Forum Last Post Threads Posts Moderator
In the News
This section of the forum will link you to the most recent news stories related to the mortgage industry in the United States
Post your thoughts, comments, questions, and/or links to stories that could help someone avoid mortgage pitfalls. If you copy and paste a story, please be sure to give credit to the author or source.
10-08-2014 10:33 AM Go to last post
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Tools
Need to know how to find a reputable mortgage professional, use a mortgage calculator, or view short educational videos on a variety of mortgage subjects? If so, this is your area.
Are you new to a web based forum such as this and have questions about how to do something or use it? Please post your questions and comments here.
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Want to know how you can find a reputable and knowledgeable mortgage professional? This is the place to look.
07-11-2014 12:23 AM Go to last post
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Follow these links to a variety of mortgage calculators...
10-23-2007 02:50 PM Go to last post
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This forum has links to a variety of short videos on a variety of mortgage subjects for educational purposes.
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Types of Mortgage Loans
Please post your questions or comments in the specific category of loan type below.
This forum is to discuss issues or topics related to mortgage acceleration products such as bi-weekly mortgages, money merge accounts, etc.
by Logan
10-20-2010 10:09 AM Go to last post
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Alt-A loans are typically reduced documentation loans for people with good credit. These loans may have features such as stated income, stated assets, or even no documentation required. Other types include no income documentation, etc.
06-30-2009 03:17 AM Go to last post
1 3
 
Questions about ARMs? Please ask your question or post your thoughts here.
07-11-2014 12:04 AM Go to last post
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If you are in need of bridge or temporary financing and have questions or comments related to these issues, please post in this section of the forum.
1 4
 
Do you have questions about using a buydown strategy to purchase or refinance your property? Ask those questions here.
by kred
04-24-2014 01:20 AM Go to last post
1 4
 
This section of the forum is to discuss issues or topics related to commercial mortgage financing.
by embe
08-22-2013 11:22 AM Go to last post
3 14
 
Construction Loans (5 Viewing)
Do you have questions or issues related to construction lending? Please post in this section.
08-29-2013 06:16 AM Go to last post
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This category is for the typical consumer with average plus credit who is able to fully document their income and assets.
182 237
 
50 184
 
Please post your questions or comments regarding home equity lines of credit to this forum. HELOCs are typically revolving lines of credit that require interest-only repayment.
14 46
 
This category is for the posting of questions and comments regarding interest-only first mortgage loans.
09-24-2013 08:38 AM Go to last post
3 32
 
Jumbo Mortgage Loans (5 Viewing)
Currently, the conforming loan limit for a single family residence is $417,000; therefore loans greater than this amount cannot be sold to Fannie Mae or Freddie Mac on the secondary market and are therefore known as "jumbo" mortgages.
06-26-2013 03:04 PM Go to last post
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Questions about the hot topic of reverse mortgages? Please ask your questions or post your thoughts here.
02-28-2014 09:03 PM Go to last post
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This category is for closed-end second mortgages with fully-amortized payments.
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Subprime loans are typically for people with credit problems who cannot qualify for traditional A-paper financing. Please ask your subprime questions here.
07-26-2014 01:13 PM Go to last post
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The Anatomy of Your Mortgage
This forum is to discuss the different parts that make up a mortgage payment including principal, interest rates, property taxes, homeowners insurance, and PMI (private mortgage insurance). Additionally, we cover the closing costs associated with your mortgage.
What should you pay? How do you know when something is excessive? How do you determine what costs are real and what isn't? What is the difference between closing costs and prepaids?
by Kalce
03-28-2013 09:27 AM Go to last post
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Homeowners Insurance is also known as hazard insurance and covers your property from things such as fire, storm damage, earthquakes, etc.
09-27-2013 08:34 PM Go to last post
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Questions about what direction rates are headed and why? Should you consider locking or floating based upon current market conditions? This category is not to be used for commercial purposes and anyone quoting interest rates will be permanently banned.
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Questions about PMI or options to PMI? This is the place for issues related to Private Mortgage Insurance (PMI).
07-30-2012 08:11 AM Go to last post
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Principal is the portion of each mortgage payment you make that reduces the loan balance and, hopefully, increases the equity in your property. Post your questions about the principal portion of your mortgage here.
10-17-2012 08:37 AM Go to last post
2 4
 
This section is for general property tax questions. PLEASE VISIT THE STATE SPECIFIC AREA OF THE FORUM FOR QUESTIONS RELATED TO STATE SPECIFIC ISSUES. Even if you don't have a mortgage chances are you're still paying property taxes on your home. Please post your property tax related questions here.
1 1
 
Topical Discussions
This section is for important topics that affect your mortgage or ability to get a mortage such as credit, using your mortgage as an investment, etc.
Questions about how a Chapter 7 or Chapter 13 can affect your mortgage? Please post your questions here.
07-11-2014 12:13 AM Go to last post
13 51
 
This section is for discussions of credit and issues related to credit that can affect your ability to qualify for a mortgage.
31 86
 
Questions related to the issues create by divorce or legal separation? Please ask your questions related to this topic in this forum.
09-06-2014 07:09 PM Go to last post
28 101
 
Use this forum to discuss issues related to foreclosures of a home.
07-11-2014 12:10 AM Go to last post
19 82
 
Need to discuss the many problems and issues related to getting a loan over the internet? This is the place to discuss these topics.
Never 0 0
 
Prepay or invest? Should I put more money down or invest it elsewhere? Using your mortgage as a tool to finance a college education? Talk about these topics here.
07-01-2013 06:24 AM Go to last post
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Have questions or stories about loan modification? Please post those in this section but put the scam posts in that section.
17 68
 
Do you have questions related to whether or not you should refinance your current mortgage? How can you determine if refinancing makes sense? Please post your questions related to this topic here.
08-26-2014 07:28 PM Go to last post
82 296
 
This forum is to discuss topics about the Real Estate Settlement Procedures Act, aka RESPA.
02-27-2008 07:54 AM Go to last post
2 3
 
Do you have questions related to retirement and your mortgage? Please ask these questions here.
2 8
 
Do you have questions or issues related to the servicing of your mortgage? If so, please post questions and comments here.
85 87
 
Do you know how to go about shopping for a mortgage the right way? Are you confused about differences in closing costs, loan programs, or interest rates? Post your questions regarding this topic here.
02-06-2014 11:00 AM Go to last post
26 82
 
Short Sales (1 Viewing)
Have a question about a short sale or the short sale process, post it here.
19 51
 
This forum is for the discussion of tax issues related to mortgage financing. Please note that this forum is NOT FOR PROPERTY TAX issues which have their own forum.
10-23-2013 04:52 AM Go to last post
4 8
 
Mortgage Fraud, Scams, and Advertising...
This area is for issues on a NATIONAL basis only. If you have similar issues related to the STATE you live in, please chose the STATE forums. You can ask questions or make posts regarding mortgage scams and misleading advertising. Have you read a story that could help someone avoid a trap? Does something sound too good to be true? Help us help others!
Direct Mail (1 Viewing)
Please post your questions, comments, and concerns regarding direct mail pieces from mortgage companies.
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Mortgage Fraud (2 Viewing)
Do you suspect mortgage fraud or have questions about what is legal and what is not? Please post your comments related to these issues here.
03-04-2013 10:48 PM Go to last post
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Questions, comments, or concerns over something you've seen in print, heard on TV or the radio? Post your thoughts here.
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Real Estate Topics
This forum covers the topics related to your real estate such as the appraisal and title insurance as well as using mortgage financing to buy and sell a home. It also included various types of properties for which one may obtain a mortgage.
Do you have questions or comments specifically related to the appraisal of your property? Please post those topics here.
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This forum is for questions related to building or buying new construction
2 4
 
This forum is for the purchase or refinance of these property types. Please post your questions related to these properties here.
285 286
 
Do you have issues related to mortgage foreclosure or are you going through one? Need advice on purchasing foreclosed properties?
11 24
 
Looking to buy or refinance a home (1-4 family residence)? This is the place for your questions or comments.
05-06-2014 01:03 PM Go to last post
3 11
 
Do you need information related to mortgage financing and remodeling your home? This is the place for topics related to this issue.
01-09-2008 06:30 PM Go to last post
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Did you know that using unique mortgage strategies can actually assist you in selling your home? Ask your questions related to this topic here.
1 1
 
This category is for questions and comments related to title insurance issues including liens and encumbrences and their ability to effect mortgage financing.
08-15-2011 12:45 PM Go to last post
1 1
 
Questions or comments related to vacation or second home? Ask your questions here.
by Viira
05-24-2013 11:31 AM Go to last post
3 9
 


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Ask Bruce! Welcome to The Mortgage Advice Forums, where borrowers get fast answers and free advice from a Certified Mortgage Planning Specialist (CMPS) Statistics
Ask Bruce! Welcome to The Mortgage Advice Forums, where borrowers get fast answers and free advice from a Certified Mortgage Planning Specialist (CMPS) Statistics
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