home mortgage loans

zilyrag asked:


my name and my ex’s are on the mortgage together and i went to the bank to be pre-approved for a loan to buy a house by myself and it was then that i was told i was still on my ex’s mortgage. Is this gonna stop me from getting a loan for my new home?

WILLARD

Liz asked:


I applied for a mortgage loan to buy a house, closing date was schuduled for July 3, 2007 but finance company was not ready to close and took longer than expected, so sellers terminated to contract. Everything was okay on my part, I turned in every document that was asked for and inspection passed. Sellers want to keep the Earnest Money, what should I do?

BRETT

firstquality72 asked:


I am confused a little bit about mortgage. Just say i wanna buy a house, then i’ll go to a bank to loan money to buy that house. That’s called a mortgage, right? But, what i don’t know is whether i will receive cash money from the bank or not? Or the loan for mortgage just shows, OK from now on, i will have a loan with some certain amount of dollars with the bank without i need to have the cash money in my hand. The cash money is the business between the bank and the house’s owner such as the realtor. So, can anyone tell me does the mortgage work like that? Thanks.

KIRBY