Reverse Mortgage

Scott T asked: I have a fixed mortgage at 6.5% but my home equity loan just dropped down to 4%. Would it be legal to pay off my entire mortgage using my home equity line of credit? Refinancing wouldn’t do me any good since no one can match the 4% rate. I just want to [...]

evilbunnyhahaha asked: ,my father in law had 2 stop working 4 a while when he hurt his thumb badly. now its better and he’s trying 2 get a job but the only ones he can get are volentary work. now him and my mother in law are struggling 2 pay the mortgage. any idea’s on [...]

keisha asked: The purchase price was $80,000Content for WordPress

Butz asked: Since the fed has dropped rates so much, I keep checking to see Home mortage rates. If they drop enough i will refi. I already have a good fixed rate but, I would like to save money if i could by getting a better rate on the mortgage on my house. By the [...]

ssk402000 asked: When I bought my house it was worth 291,000 where I made a down payment of 20,000 and now I am having an appraisal getting done and with the housing market as it is, i’m sure its worth much less. I originally had a 5 year ARM mortgage at a 5% rate but [...]

MINI ROW. asked: 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 [...]

smfisher81 asked: It’s comical to see people make uneducated responses. For those of you who knew what you were talking about thank you. FIXED rate giggles.Create a video blog

mzswales asked: special district taxes make up the majority of the property tax bill and are raised every year.So if the property tax is included in the mortgage that means everytime the property tax goes up the mortgage payment goes up too. My question is can you still get a fixed rate if property tax [...]

americansneedtowakeup asked: Can you give me the name of the company? I’d like to refinance as soon as possible and am shopping for a new home loan. So far most lenders I’ve come across are charging over 6% but I’ve heard of a few reputable ones out there that are charging much less but don’t [...]

Mr. Al asked: the price of a home is 218,000. bank requires 20% down payment and three points at the time of closing. the cost of the home is financed with a 30 year fixed rate mortgage at 7% what is the monthly payment? what is the total cost of interest over 30 years?Content