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Refinancing Home Mortgage
We are thinking about buying an investment property – a duplex – that I am going to live in for the next 3 1/2 years or so. My father is the one actually purchasing the duplex (I dont have enough money or risk tolerance to buy it) and I was wondering what kind of [...]
In: Mortgage Payment
28 Feb 2010My friend just suffered a heart attack that caused brain damage. Before the accident, he was paying the mortgage on his house he bought in 2003. Due to the brain damage, my friend is unable to work (disable), so he has no income. He did not have disability insurance. Is it [...]
In: Mortgage Lending
28 Feb 2010Let me see if I can ask this right-
If I want to buy a foreclosed property for 237K and the county tax value is at 244K, and other comparables in 2 mile radius are selling for 247k to 345K, what is an appraisal going to be based on??
could I have some ‘equity’ upfront based on [...]
In: Mortgage Rate
27 Feb 2010Fixed rate mortgages generally have lower rates than variable rate mortgages
# Fixed rate mortgages require lower down payments than variable rate mortgages
# The interest on a fixed rate mortgages can’t fall
# The interest on a fixed rate mortgage can’t rise
In: Mortgage Payment
26 Feb 2010Mr. olson has a 30yr fixed rate mortgage with 6.6% APR. His monthly payment is $1272.50 and he has 10 yrs left on the mortgage (next payment is due next month)
What would be the amount of interest Mr. Olson owes on the next mortgage payment if he keeps the current mortgage?
hello my moms house appraises for roughly 80,000 and she owes 35,000 she has been having dificulty finding a company to refinance that amount. most want 45,000 or higher. BUt she wants to take advantage of the low interest rates. If you know of a good and reputable company she could check into [...]
With the fed just meeting, should I wait until the end before I lock into a mortgage rate. The current rate quoted for me by my bank is 6.125% with 5% down or 6.375% for 100% financing. This is my first home purchase and I don’t want to do the wrong thing…..
We purchased an owner financed house, so we pay our mortgage payment directly to the sellers. We have damage to the roof and they are going to deduct $200 from each payment for a year. We want something in writing so they can’t ever come back and say we owe them more money or say [...]
This is about mortgage information questions.
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