Archive for April, 2008

Home Equity VS Reverse Mortgage? »

Timothy asked: What is the difference between a Home Equity Line of Credit and a Reverse Mortgage. I’m trying to help my mother get some money for a new oil furnace and some repairs on our garage.Website content

what is the required minimum down payment for a second mortgage? »

faeriegirl asked: i have a mortgage on a home i bought last year but would like to buy an additional property for a family member. what would be the interest rate on a second mortgage and minimum downpayment required. my credit score is about 680Website content

Debt ? »

mohamedzahir1976 asked: IM looking for a good company that can help me out with my debts. I have over £10000 worth of debt to different things like credit cards and unsecured loans. Does anyone know of a company that could help me out with either a loan or a debt management.Content

How many days do I have to shop for a mortgage after my first pre-approval before my credit score goes down? »

Mike G asked: Since your credit score goes down every time somebody sees it. Is there a fixed period of time that can allow me to compare differents lenders when shopping for a mortgage loan without affecting my credit score?Create a video blog…instantly.

how do you take someones name off a mortgage without refinancing »

Kim D asked: As part of divorce settlement, house must be refinanced into my name only. I have already done a quit claim and deed in my name only, but i am having trouble qualifying for a refi with good rates my current rate is 5% can I take the other name off the mortgage [...]

Is it better to get a fixed rate mortgage now before a period of high inflation? »

WebDisMe asked: If I buy a house now won’t high inflation make my fixed rate mortgage much easier to pay off? Or would i be better off investing the downpayment money in precious metals now and if high inflation were to occur then the metals will go up in value providing more money to get [...]

What are the pros and cons of an elderly couple doing a reverse mortgage? »

ADMIRAL 0125 asked: We are in our mid sixties. Would it be advantageous to do a reverse mortgage?Content

Any tips on getting rid of mortgage insurance if you owe 85%? »

Codynova asked: I just bought a house and have a loan for about 85% of the appraised value of the house. Is there a way of getting around mortgage insurance if you owe more than 80% of the value of the house? Thanks!

why is it that no matter how much the fed cuts interest rates, the mortgage rates don’t really change? »

brightlamp asked: The fed is about to cut rates again, expected to go to 1%. But no matter what the fed does, the bottom line mortgage rates remain the same. when they do go down by lets say 0.5%, the bank finds other ways to cahrge the person applying for the loan by all sorts [...]

Will I get less than the average mortgage rates if I have great credit? »

Rhonda asked: We are thinking about buying a house, and I just want to know if we have enough for a 10% down payment, decent income, and a great credit score ; can we expect to get below the average mortgage rates that are listed online? Thanks. We will be get pre-approval before we decide [...]

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