Reverse Mortgage

Smith P asked: hi my fixed rate expired and has jumped from 1200 to 1700 a month….ive got a 238 mortgage on a property worth around 280…what can i do ask my bank for a better rate as moving lenders going to be bloody hard at the moment….

Steven asked: Firstly, I don’t really know what it is. What I am really looking to calculate is what my money would be if I invested x dollars per week into a fun with whatever interest rate… what my saved money would be after however many years. Thanks!

Happy S asked: Lots of people saying with 1.5% interest rate you could borrow more money on your existing but to let and use this money elsewhere e.g. paying more into your residential mortgage or simply saving it in a high interest bank account! Anyone with any thoughts?!

cabimasheat asked: I was offer a interest rate of 6.87 for 15 years in 89000.00 with a payment base in 30 years with a balloom payment of 66000.00 in the end of the 15th year. I want to know if I can refinance in few years the second mortgage and get out of the balloom [...]

inpoetry1 asked: My credit scores from 3 bureaus average just over 800. I am looking for a house in the Vancouver-WA area. Can anyone advice me on the best source for securing a loan (I plan on putting 20% down; mortgage required ~$250,000) as well as a desired interest rate? Also, is it preferable to [...]

The Skizzanator asked: I’m looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage increases by 1% per year. Not his interest rate, [...]

R S asked: I’ve just been pre approved for a VA mortgage. I’m only in the looking phase and don’t plan to close til June. How do I find out the average interest rates on VA home loans. I don’t want to find out the last minute my interest rate would be high. I heard [...]

Claudio F asked: I know that points reduce the interest rate and they can be deducted during the life of the mortgage, but does it really make sense financially to buy mortgage points or do they cost more than the benefit they offer?Create a video blog…instantly.

Christopher asked: Would I have the best gains with my current 30 fixed at 8 % or put myself in a better position by getting a reverse mortgage for now, knowing that I am going to sell in four years? I am 72 and my payment is 488.00 excluding taxes and insurance. The cost of [...]

Suomynona asked: What does it mean in this context? The housing boom spurred economic activity because consumers refinanced at lower interest rates, allowing them to spend their savings from the lower interest rate.Create a video blog