NLIC.org

Brian Said:

Obama supporters answer this?

We Answered:

He has been out-raising Hillary by about that same proportion, so it's not surprising. But what can't be said is that Hillary has more support from the average American donor than Obama. And McCain can't even come close.. His scrupulous business monetary support will come in time as he is the Republican nominee.

Allan Said:

Do you think Obama's going to help with the mortgage problems?

We Answered:

Maybe he can take his limo around to few people who are getting foreclosed on and give the hope,and change.That's after he goes to Church with Oprah new age teacher.To help with the ''New earth" b/s.His days of the media loving him are almost over.More Wright tapes are surfacing.

Roland Said:

Can anyone recommend a good Buy-To-Let Mortgage provider?

We Answered:

Find an independent Financial Advisor in your area, he'll find the best deal for you, explain it all and not charge you for the advice. My brother did a couple of years ago and I'd never heard of the Mortgage provider he got but it was a good deal.

Vicki Said:

Where do you make the most interest?

We Answered:

2 years? avoid mutual funds... they are long term... 5 years or longer. . .

CD... is 6%... minus taxes... and a 4.2% inflation rate.... so you will make no where near 6%... in fact you may be losing money..

hsbc offers 5.05% with its online savings account..

http://www.hsbcdirect.com

Virginia Said:

Who is really behind the sub-prime mortgage bailout,?

We Answered:

Well defaulting on loans helps no one. All those people would be homeless and that will cost the taxpayers billions too. The only thing to do is to freeze the rates and allow the homeowners time to repair their financial woes. I hate the idea as much as the next republican, but in light of what has happened freezing the loans is like closing the gate after most of the cows got out. A little help but should have never opened the gate in the first place.

Cindy Said:

Policeman problems......I am a mortgage loan officer. Recently, I denied an applicant's loan?

We Answered:

As a fellow LO, I understand completely what you're going through! Although, thankfully, none of my clients are cops : - 0

I'm sure you exhausted all your lender options before denying the loan, and with all the recent changes, I understand how difficult that can be. But FHLMC, FNMA and FHA have been loosening guidelines and have stretched into the Alt-A and higher sub-prime loans. If his mid-score is >580, I would keep looking for a progam that might work. Also, if you live in an LMI area, and/or the borrower's income is below the median - he may qualify for Freddie's Home Possible program. There is a special program for people who work for the community such as police officers, firefighters, teachers, etc. The program offers 100% financing with loosened DTI and reserves when manually underwitten, otherwise just go by the LP findings. The name of the program is Neighborhood Solution under the Home Possible guides.

If he doesn't qualify for the above mentioned program or FHA, I would call the guy and let him know that you are mailing copies of the sub-prime program, before and after the guideline change. Clearly show him in writing why his application is currently denied. Run a credit simulator scenario through your credit vendor and see what improvements he can make to increase his score to an approveable number. Offer to counsel him through his credit score improvement process and let him know that you will be more than happy to help him with financing when he is ready to try again. I would also offer a reduction in closing fees (see if you can waive the in-house processing fee). Hopefully the harrassment will cease.

Best of luck to you.

Mabel Said:

where do you make the most interest?

We Answered:

CD is the safest for such a short time.All the others have capitol risk,which you may not have time to recover in 2 years