Q&A
Asked by Elaine
Elaine - That's a very loaded question because
it depends on multiple factors; everything
from property type, to your credit score, to
how you will use the property, t...
Q&A
Asked by Victor
"Negotiating" doesn't really take place on
mortgage rates. Unlike auto (and other) sales
where salesmen are paid on the profitability
of their transactions, lenders c...
Q&A
Asked by trish
You won't be able to obtain a mortgage for
those funds, given new lending restrictions.
A roofer may have some funding sources who
could provide financing (whether se...
Q&A
Asked by Sherry
Hi Sherry,
HARP loans are like most other
refinances in that they don't necessarily
require borrowers to come to closing with
money. The closing costs can typically ...
Q&A
Asked by an anonymous user
Answered by Greg Fischer
Mortgage Professional in Manchester, NH
Mortgage Professional in Manchester, NH
Probably not. While reverse mortgage rules
guarantee against declining house values in
the future, they do so by capping the loan
amount at today's value, usually som...
Q&A
Asked by an anonymous user
Answered by Jeffrey Muhle
Financial Adviser in Manhattan Beach, CA
Financial Adviser in Manhattan Beach, CA
To answer this question properly, I need to
know the outstanding mortgage balance on both
properties, current market values and the
length of time you've had the loans.
Q&A
Asked by an anonymous user
Answered by Greg Fischer
Mortgage Professional in Manchester, NH
Mortgage Professional in Manchester, NH
Certainly might be possible. Ask your mortgage
guy. If you like knowing first, run the lookup
tool for Fannie Mae
https://www.knowyouroptions.com/loanlookup
and Fredd...
Q&A
Asked by Lisa
Answered by Brenda Robinson
Financial Adviser in Easton, PA
Financial Adviser in Easton, PA
It all depends on your credit score. If you
have bad credit you must begin to establish a
fico score as soon as possible. Your
interested rate can be very high and ...
Q&A
Asked by JoAnne
-
Upvote 17
- |
Answered by Dawn Schweiker
Philadelphia Magazine's Five Star Mortgage Professionals in Ft. Lauderdale, FL
Philadelphia Magazine's Five Star Mortgage Professionals in Ft. Lauderdale, FL
Hi JoAnne. It sounds like you would be a
great candidate for an FHA loan. They will
allow down to a 550 credit score. Since you
had an extenuating circumstance, the...
Q&A
Asked by an anonymous user
Answered by Greg Fischer
Mortgage Professional in Manchester, NH
Mortgage Professional in Manchester, NH
In may depend on the loan program, or if
you're trying it take cash out based on a new
appraised value. The "stock" answer is usually
6 months, but it might be more or...
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