Refinance Mortgage

my dad was think that it would be cheaper to payoff everybodies mortgage debt then to bailout all those businesses

My guess is, that there are 100 million houses in the US and average is 100,000 per house mortgage, that would be 10,000,000,000,000 Dollar. I don’t know, if there are more accurate numbers on the net.
But it would be very unfair to pay the mortgages of, since us tax payers have to pay, what the government spends and people with high mortgages would be unjustly given much more, them people who paid their mortgage of or have no house.
Good idea, if everybody had the same mortgage.

National mortgage payment boycott starting now. Let them add it to the end of the loan. If millions and millions boycott these banksters, they will be forced to change. You wanted change didn’t you.

That would be the way to make them understand we are fed up with the so called bonus I mean bail outs. Since it is taxpayers money and taxpayer who will have to pay for any stimulus package I say why not give every taxpayer (NO WELFARE PEOPLE) $100,000 to do as they please (no strings attached) this will get the economy jumping no matter what everyone does with the money, if they invest it that helps wall street, pay off their credit cards that helps banks, buy a new care that helps the auto industry, pay off their mortgage or but a new house that helps the mortgage companies, leave the country (obama bots) that helps everyone no matter how you look at it. But since Obama (What a waste of votes!) only cares about himself this will never happen.

We locked in a 30yr fixed rate at 6.25% no points. But a guy are First National Bank in Minnesota says he can give us 6.00% with no points. Is this too good a deal to be true?

When he says no "points", he means no discount points. However, I’m sure he has an origination fee, possibly a broker fee, and some other junk fees. Compare wisely, and if your rate is locked with your lender, I’m sure it means you’re almost at the end of the process. Do you really want to go through the whole process again? Just because the rate is lower with someone else doesn’t mean that’s the rate you’ll get, nor does it mean it’s the better loan if the fees are off the charts. Have the guy that quoted you 6% send you a good faith estimate. Take that good faith estimate to the lender you are already going through, tell them you want them to match it. I bet you anything they’ll match it.

none? one? five? By national rates, I mean the average as presented by mortgagenewsdaily.com etc

it depends on the "deal" and what type of loan you’re doing.

If you’re doing a conventional loan at 90% LTV and have a 740+ mid credit score you can get a 30 year fixed at 4.5% for a cost of 1.125% origination.

Take the exact same scenario above but lower the credit score to 700 and the interest rate goes up by .125% (4.625%) at the same cost.

I am a National Mortgage Leader looking to help deployed Military personnel and their families w/ credit help?
I am an industry leader within the Mortgage Industry. I wanted to travel to Kabul, Afghanistan with 2-3 Mortgage professionals to provide any financial, credit or mortgage counsel to Military personnel. This important segment in our society has one of the highest incidents of home foreclosure and bankruptcy in the Nation (e.g. families of deployed military personnel) I want to provide assistance, support and morale to these trips abroad so they can feel comforted with options and they can remained focused on their mission on hand.

Who do I speak to about making this happen?

Please have someone call me.
Thank you.

Richard Roque
Calyx Software
Government Relations:
Fannie Mae, Freddie Mac, MBA and The Federal Reserve

Category
Politics & Government > Military

If you are who you say you are, and are doing what you say you are doing, then you are either a very noble soul, or a scheming hypocrite who hopes to hedge his loses on Wall Street by taking advantage of people who are already in dire financial distress. I’m not quite sure which.

I pray, for your sake you are the former.

Im trying to find a National City in Oregon. i found one in lake oswego. but one site says its a National City Bank and one says its a National City Mortgage. Can i still go in and send money to someone in Pennsylvania? i just wanna send someone money from one national city bank to another. please help

i doubt that they are the same but the easy way is to call and find out!!!!