DWIGHT S asked:


first home has two mortgages,if you buy a second home can you claim it on you income tax?

Dwight

Sunshine asked:


Our realtor suggested we speak with the woman in her office who does mortgages. Other people are telling me to shop around. How can we do this without it effecting our credit scores? Won’t our scores drop if we apply with several banks and they need to check our information?

Also, how do we know what lenders to seek out for the best rates?

Ernesto

Stephan asked:


The government is shelling out 700 billion dollars to buy the bad loans that are putting the big banks in danger. We are told that the bad loans consist mainly of unpaid mortgages (sub-primes etc). So the government is effectively buying 700 billion dollars of housing. If we estimate the price of one house between 100k$ and 350k$, then the government should be acquiring 2 to 7 million houses. That is, unless we are being misled and that these bad loans were made up of a lot more than just home mortgages…

Rita

Old Goat asked:


Why are they calling this the worst economy since the depression?

Elva