Archive for March, 2010

I’m looking to try and find a low rate on a jumbo mortgage in california. If anyone can provide some feedback on jumbo mortgage rates in CA I’d appreciate it. Thanks!

I’ve seen many TV commercials and Craigslist ads offering “rent to own” or rental properties that are immaculate homes – “just take over the mortgage payments” on pre-foreclosed and foreclosed homes. No credit check, no down payment.
Is this legit, is it possible to do so, or is it a scam?

I was made redundant in December.
I now have a temporary position.
I have not found full time permanent employment as of yet.
I am planning on getting married in October.
Do the banks require 3 months or 6 months or longer of employment before proving you with a mortgage?
Do all probationary periods have to be finished?
And also (AND [...]

I’ve been hearing a lot about the “benefits” of interest only mortgages, but I’m not 100% convinced that this is the way to go. They say that people should get interest only loans and put the remainder of what you would normally pay (on the mortgage) in some type of investment. Should you [...]

The house I’m trying to purchase is in escrow right now. We are just waiting for loan approval. I want to know how long after closing can we move in and do we have to make a mortgage payment right away?

The Lending Club will provide you with a mortgage loan that you use also as your checking account. The loan is like an equity loan. Borrow $200,000 and each month you add your paycheck to the account. That amount is deducted from your loan. Say I get paid $4000 a month. I put that into [...]

Since I was approved for my mortgage the rates have gone up quite a bit. I am closing on 3/25 and will have to lock in soon. I am being quoted a rate of 7.375. I don’t know if I should wait or cut my losses and lock in now.

Will my first mortgage payment be included in my closing costs ?

My husbands employer has closed the location where he works and they have transferred us to Atlanta. We have very bad credit due to me being sick for a while. I was wondering if anyone knew of any way we can obtain a loan. We are first time home buyers with 7 years of perfect [...]

What do you feel about the mortgage interest rate in next 2 months? I will be closing on a house in October end? So I will be able to lock the rate in 2nd or 3rd week of September. Any suggestions?


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This is about mortgage information questions.

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