Category Archives: Renting & Real Estate

Getting a mortgage?

Veritas et Aequitas () asked: Okay, if you pay off a home and own it free and clear, can you later get a mortgage on the property? I am basically asking, is there any other option rather than taking out … Continue reading

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How do I change home mortgage lenders?

Randy asked: I bought a house in feb of 2009, the lender was TBW. TBW was forced to close. B of A assumed the loan and I am very dissatisfied with the service Im getting. How difficult is it to … Continue reading

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Fixed or ARM rates Mortgage?

SanRosejha asked: excuse my ignorance, what do they mean when they talk about fixed and ARM rates? And also, we have a balance of $14,000 on a Mortgage with a maturity date of 8/2014, we are planning to get a … Continue reading

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Do we have to use 1003 Loan Application when we purchase residential house?

Sung A asked: Hi Year 2006 I purchased house ($625K). I hired mortgage broker and he applied loan for me. BB&T was my lender and loan was approved in 20 days. I put $125K for deposit and got $500K loan. … Continue reading

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How do i get a loan with bad credit?

blackberry j asked: I straight out own two properties without mortgages on them, how do i get a home equity loan on one of them if i have bad credit?Wendy

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Conventional mortgage-lending based on what value?

sreshowtime asked: Let me see if I can ask this right- If I want to buy a foreclosed property for 237K and the county tax value is at 244K, and other comparables in 2 mile radius are selling for 247k … Continue reading

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best loan agianst 401K or home equity?

Syed H asked: I have home worth 350K, mortgage amount 150K. Bying a new home in diff location worth 400K. What are the best option for dwn payment 200K form old house. House in market for sell. No buyers. can … Continue reading

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home is paid in full, want a 1st mortgage but have only lived in it for 6 months. 12mo waiting period. wtf?

J asked: bought a home for 45k.in michigan back in november so its been about 5 months. every bank is telling me that you have to reside in the home for 12 months in order to use the market value … Continue reading

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Buy Now – Sell Later Which to Mortgage?

Leeway asked: I want to sell my current home & purchase a condo. I am a retired senior with a fully paid-up home. The condo is in construction to be finished in a couple of months. If I list my … Continue reading

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No Fee Mortgage Plus from Bank of America. how come?

fire f asked: i’ve talked to two loan officers regarding this loan and they both offered the 80/20 or 80/15/5 — i can put 5% down. both discouraged me to avail of the no fee mortgage plus. any input? i … Continue reading

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