Reverse Mortgage

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

????? asked: What I am really asking is, does the forecast for interest rates predict a continued drop in mortgage rates for the next 30 days? Trying to decide when to lock in. ThanksCreate a video blog

Chaia N asked: How will the new lower prime rate effect (new) fixed rate mortgages? Will mortgage rates drop?Content for WordPress

asked: for example back in 2001 -2003, when they had a deal to get the low rates. or is it not possible to get it switched to a permanant fixed rate ? why and how so? Thanks for your answers!Create a video blog

lfcvicki asked: I’m a bit confused. I’m on a fixed rate repayment mortgage and with rates being so low at the moment is it just tough on me for paying more or am I actually paying off more off my mortgage each month?Website content

Claudio F asked: I live in Saginaw, Michigan. The house is supposed to be worth $95k. I still owe $68k. I refinanced already twice and didn’t have to pay PMI because the first mortgage was a VA loan. Will I have to pay PMI this time, and what lender should I choose? The balloon mortgage [...]

bhaviksojitra asked: Up to what % (of base income and based on previous years tax return) of property value 2nd fixed rate mortgage could be approved ? How it is calculated and factors involved with it.Website content

Big D asked: Looking to purchase a small property in the region of £100,000 and have 10% deposit avialable. I am looking for interest repayment only over a 20 year period.Content – Members-Only Content for WordPress

Nicole asked: I know that one is (obviously) fixed, and the other is variable, but would someone please explain to me in detail the pros and cons of each? Thanks in advance!Content for WordPress

Peggy Pirate asked: I’ve seen a tv show about a neighborhood that had financing with a fixed rate and then it changes to variable and they can’t afford their house payment. Almost everyone in the neighborhood had their house taken away. We plan on refinancing when our 3 years is up (2 years left). Was [...]