Q&A
Asked by Larry Barnes
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Larry. Thank you for your service. I am US Navy retired and Savannah is not far from Charleston, SC. Buying or renting is an individual answer. A question for y...
Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi anonymously, Are they a good idea? Here is some information to help you with that. In general, to be eligible for a reverse mortgage the youngest homeowner m...
Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi anonymously It's an individual answer. We have folks on both sides of this discussion. Are you enjoying your lifestyle (this is important at any age - perhaps m...
Q&A
Asked by kniglt856
Answered by James Barath, CMPS
Certified Mortgage Planner in Crown Point, IN
While other VA home loan benefits have become transferable to dependents, such as the GI Bill; dependent children of veterans can not have the VA home loan benefit tra...
Q&A
Asked by jason
Answered by Paul Carson
Loan Officer in Conshohocken, PA
It may be doable but it depends on what your credit scores are and what you can carry in terms of a new mortgage. Ultimately your DTI (Debt to Income) Ratio needs to b...
Q&A
Asked by an anonymous user
Answered by David Skow
Mortgage Professional in Seattle , WA
If you can locate a HELOC (Home Equity Line of Credit) - use it. You likely won't be able to find one, so the likely only option will be to use a regular cash out fi...
Q&A
Asked by an anonymous user
Answered by James Barath, CMPS
Certified Mortgage Planner in Crown Point, IN
All of these are great first-time homebuyer questions and should be discussed with a local mortgage professional who can give proper guidance on the eligible loan prog...
Q&A
Asked by Erin
Answered by James Barath, CMPS
Certified Mortgage Planner in Crown Point, IN
All deferred student loan debt is now required to be factored into the qualifying debt-to-income (DTI) ratios. Depending on the loan program, the minimum qualified pay...
Q&A
Asked by an anonymous user
Answered by Hosh Weekes
Financial Adviser in Hampton, VA
Start with finding a first-time homebuyer's class in your area. They are HUD-certified and taught by real estate professionals, to include housing counselors, agents,...
Q&A
Asked by Brittany
Answered by James Barath, CMPS
Certified Mortgage Planner in Crown Point, IN
Hi Brittany. Great question and very forward thinking for a college student. You will need to know your financial budget and what you know you will be comfortable payi...
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