Does anyone have any insight or experience into dealing with lender REO Departments (Real Estate Owned) when it comes to purchasing a foreclosed property? My wife and I are interested in purchasing our next primary residence from the bank prior to any sort of auction. [more inside]
posted by BirdD0g on Mar 25, 2008 - 5 answers

My roommate bought the house we live in four years ago and I'd like to ask a question on her behalf. She did not have enough for the 20% downpayment and has been paying PMI ever since. She'd like to cancel PMI and save that money, but the lender is giving her the runaround. [more inside]
posted by amfea on Feb 16, 2008 - 8 answers

My mortgage lender sent an offer in the mail that I could change from monthly payments to payments every two weeks. This would be good for me, bad for them. Why? [more inside]
posted by poppo on Aug 17, 2007 - 21 answers

I am looking for a mainstream lender that deals in borderline subprime loans. Any ideas? [more inside]
posted by torticat on Jul 24, 2007 - 2 answers

I'm a 25 year old American woman from Chicago married to a Canadian woman, and I'll soon have permanent resident status in Toronto. My Canadian was recently accepted to the Visual and Critical Studies Masters program at the School of the Art Institute of Chicago for the upcoming fall term, and I have two questions. One, what can she expect as a grad student at the School of the Art Institute, and two, can anyone offer us some advice on acquiring financial aid for a foreign student? [more inside]
posted by Lieber Frau on Apr 27, 2007 - 5 answers

I'm about to buy my first house and I'm shopping around for a mortgage. The best deal so far is a mortgage where the lender pays for the mortgage insurance. I'm aware of using 80/XX loans to avoid paying PMI but I've never come across Lender Paid PMI. What exactly is it and what's the catch? [more inside]
posted by schwa on Feb 21, 2006 - 7 answers