Tag Archives: Fixed Rate

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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Understanding Home Mortgage Loans

Gail Anderson-Metcalf asked: The price of houses keeps rising across the US. Since most require a down payment that is more than a renter can afford, how do you become a home owner when you don’t have the savings to … Continue reading

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1st mortgage for a home thats paid in full?

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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Today’s Mortgage RATE : With HOME loan is best

bartlangkawi asked: refinancinghomemortgageloans-bart.blogspot.com Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though … Continue reading

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Do I Need a Home Equity Loan

Ken Charnly asked:  You have always done things by the book. Life is good and then all of a sudden things go wrong. Bills are piling up, your cars needs to be fixed, the kids need braces, and one-by-one the … Continue reading

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Which Home Equity Loan

Ken Charnly asked: You are in need of money and have decided to get a home equity loan, but want to know what options are available to you. Which home equity loan is right for you? What is the different … Continue reading

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Refinance or Home Equity Loan?

metspsu1980 asked: My brother and I are in our mid to late 20’s and own a 2 unit home valued at approximately $75,000 free and clear. We have a 30 year mortgage (out on another home valued at approximately $40,000) … Continue reading

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Should I stay away from a second mortgage interest only loan?

dwanal asked: I’ve been approved for a 1st mortgage at a fixed rate of 7.38 and a 2n mortgage interest only at 10.425. This loan is for an investment property. I’ve been told that the 2nd loan is Home equity … Continue reading

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What does it mean if my home equity loan is good for 20 yrs?

happydawg asked: I borrowed $11,000 at a fixed rate last year to put a roof on my house. It was leaking and I needed it fixed fast. They told me it would be good for 20 yrs. I can borrow … Continue reading

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