What are some of the pitfalls I should avoid in looking for a home, getting pre-approved, best place to go for a home loan, etc.
I am trying to refinance a second home that is an investment property. I do not intend to keep it for many more years and so 40 year refinancing made sense to me
I try to get a better loan rate and are looking for or added years to lower overall payments. a limited liability company has been mentioned, for example, I’d be better off in search of my commercial lending rate. Help !!!!! The Mortgage Encyclopedia: The Official Guide on mortgage loan programs, policies, and pitfalls, Second [...]
We have lived in our house for 3.5 years and plan to purchase a new home in 1.5-2 years. Our mortgage is 6.25 30 year fixed. We took on a 2nd mortgage about a year ago to pay off debt. Now we want to refinance and roll the two together with our existing car loans [...]
I need some help here because I must be the only dummy that doesn’t understand the problem. Why are the mortgage companies reporting such huge losses? The mortgages are secured loans that are backed by real estate. Are the property values that low? If it’s a matter of conservative accounting rules in valuing the loans, [...]
My mother is the borrower and I am the co-borrower. She has always paid on the loan. It is best to qualify for both of us. I am willing to relocate and wish to withdraw my name so I can get something. I really did not she (my mother) to go through the process of [...]
(Pardon me if my terminology is not proper. I’ll do the best that I can.) I have about $ 40,000 in school loans that will be paid off over a 10 year period through various lenders. Most of the interest rates are between 4.75% and 5.25%. Some are as low as 4.25%. My wife and [...]
All of the information that I’ve seen, even on the government sites, is either really general, or way too complicated. I just want to be able to say what my mortgage balance is and how much I make and for someone to tell me what I am eligible for. Does anyone know where I might [...]
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