Q&A
Asked by Tony
Hi Tony:
Great question! Most of the world
pays their mortgage every month, i.e., 12
payments. However if you split that into a
payment every 2 weeks, you get 26 "h...
Q&A
Asked by Scherrylain
I'd recommend doing the home equity line for
two reasons: the cost will be far less than
obtaining a purchase loan for that small of
amount, and you'll essentially be...
Q&A
Asked by Martha
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Upvote 26
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Yes, many banks will SLIGHTLY reduce the
interest rate on a loan if you set up an
escrow account with them for taxes and
insurance. Good luck!
Q&A
Asked by Michael
Michael covered most of the pertinent areas
already, but I'd like to add a couple of major
"disadvantages". If your spouse's credit
scores are lower than yours, the l...
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
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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...
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