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David Reed's Profile › Helpful Answers

182 answers
69 helpful answers

David Reed is WalletPop's Mortgage Expert 

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About David Reed

Member Since July 9, 2008
Male, Austin TX, United States

Answers


A:

How can our Government afford all these bail outs ...

ProfitBob...what a great answer!!
Submitted by David Reed 1 year ago
0 comments


A:

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 ...
Submitted by David Reed 2 years ago
0 comments


A:

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.
Submitted by David Reed 2 years ago
0 comments


A:

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

There's no difference, it's profit to the broker with a different name.
Submitted by David Reed 2 years ago
0 comments


A:

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 ...
Submitted by David Reed 2 years ago
0 comments


A:

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 ...
Submitted by David Reed 2 years ago
0 comments


A:

"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.
Submitted by David Reed 2 years ago
0 comments


A:

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 ...
Submitted by David Reed 2 years ago
0 comments

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