Q&A
Asked by Brady
Answered by Brian Howell
Mortgage Professional in Castle Rock, CO
Mortgage Professional in Castle Rock, CO
No Brady it usually isn't. I would recommend
sending two separate checks for $1000-1250
about a week apart. That way you're paid
ahead. I'm in sales too so this is ...
Q&A
Asked by Tony
The answer to your question depends on many
factors, Tony. How much equity do you have?
What will you use the funds for? How likely
are you to use the cash to pay d...
Q&A
Asked by Gina
Gina:
The answer you received from Nic is
correct. Another term you may hear is
"underwater" which means the same thing. Note
that although someone may be "upside d...
Q&A
Asked by Lynn
-
Upvote 25
Lynn,
That's a bit of a loaded question,
but an essential one for someone in your
situation. It really depends on your
lifestyle, retirement plans, assets, and of
c...
Q&A
Asked by Joseph
Answered by Nic Netherton
Mortgage Professional in Fort Collins, CO
Mortgage Professional in Fort Collins, CO
Private mortgage insurance is generally
charged with conventional mortgages, mortgage
insurance (MI) is charged on government loans
(FHA).
Q&A
Asked by Gina
Mortgages are considered late after the 15 day
grace period, and late charges are typically
accessed then. Some lenders will also mark
the mortgage as "delinquent" on...
Q&A
Asked by Tony
Answered by Charles Sizemore
CFA in Dallas, TX
CFA in Dallas, TX
Hi Tony,
While I do not expect the
government to eliminate the mortgage
deduction, it should really be a moot point.
If you can only afford the house in question
w...
Q&A
Asked by Katie
Answered by Nic Netherton
Mortgage Professional in Fort Collins, CO
Mortgage Professional in Fort Collins, CO
Two advantages. The first being you pay off
your house faster, the second is that shorter
term loans generally have lower interest rates
than 30 year mortgages.
Q&A
Asked by Gina
It's all about a cost/benefit analysis for
your particular loan, rather than a "refi if
your rate drops by 1%" or other general "rule
of thumb". It may not pay to ref...
Q&A
Asked by Martha
Good question. You may actually gain tax
benefits by renting out a home. You can
deduct some of the same expenses on a rental
property as you do now: property taxes...
Ask a pro a question
Have your question answered by a professional