Reverse Mortgage

Ryan R asked: I locked in a rate with a mortgage broker yesterday. Am I obligated or did I commit to use that broker? I wished I had shopped around first and I’m wondering if its too late. Thanks!Content

Sarah asked: My husband and I have been preapproved for for a decently large mortage loan amount but our interest rate is not quite as low as we would like. Does buying a home that is much lower than your preapproval amount help lower your interest rate? Also when we were preapproved we were about [...]

cookingmomma asked: If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second mortgage put a monkey-wrench in refinancing the first?Content – Members-Only Content for WordPress

360SD asked: Hi, I am planning to take a home mortage out and it is so confusing when you talk to different brokers , it almost seems that they get us in one way or the other like PMI, points, mortgage rate, even .25% would make a huge difference on the mortgage payment over the [...]

Keith G asked: I’ve only been paying the mortgage for 4 months. should I wait longer or take advantage of the lower rates?Content

STARYDYNAMO asked: Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.Create a video blog…instantly.

barbara d asked: I’d like to know when it makes sense to refinance a 1st mortgage? What interest rate difference is worthwhile? And if you refi with same bank, can you negotiate the closing costs? Maybe say you will take your mortgage elsewhere?

fwerds asked: **I DO NOT NEED AN ONLINE WEBSITE WITH A CALCULATE.. I NEED THE ACTUAL EQUATION TO GET THE ANSWER..THANKS… I have this problem: mortgage 100,000 Rate 9.5% 20 years Please show how to calculate this using A PEN & PAPERContent – Members-Only Content for WordPress

David S asked: Property value 280,000 100% owned no morgage currently carried.Content

kandil311 asked: I have heard that the government is thinking about passing a new, lower, first time rate for first time home buyers in 2009. Has anyone else heard anything about this or is it just a rumor.Create a video blog…instantly.