Financing in Fort Greene : Advice

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Jacques Ambr…, Real Estate Pro in 11375
Jacques Ambron, CRB CBR SFR answered:
What is the typical amount of time to conduct a refi, after one has agreed on terms with a mortgage broker? That seems long...
typically it should be about 3-4 weeks if you have supplied the mortgage broker with an application and all requested documentation. Also depends on the type of property, and type of l ... more
0 votes Share Flag Tue Feb 12, 2013 Financing in Fort Greene
Jacques Ambr…, Real Estate Pro in 11375
Jacques Ambron, CRB CBR SFR answered:
What are the risks of combining 2 standard mortgages into 1 Jumbo on my primary residence?
the main risk is that the rate may increase a bit. Other than that I don't think there is any greater risk. Talk to your mortgage professional about this.
0 votes Share Flag Mon Feb 11, 2013 Financing in Fort Greene
Stephen Fitz…, Real Estate Pro in Portland, OR
Stephen FitzMaurice, Realtor answered:
How can one reduce the principal balance on their mortgage to avoid default?
Your best bet is to visit makinghomeaffordable.gov. There are a lot of scams out there, so you want to be careful. That website will provide you with the right resources.
0 votes Share Flag Mon Feb 11, 2013 Financing in Fort Greene
Stephen Fitz…, Real Estate Pro in Portland, OR
Stephen FitzMaurice, Realtor answered:
Are there downsides to a second mortgage beyond the higher interest rate?
Generally you also have to pay Mortgage Insurance Premiums when you have a second loan, this will significantly increase the price (usually by 100's of dollars a month) of your overall ... more
0 votes Share Flag Mon Feb 11, 2013 Financing in Fort Greene
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