01929 : Questions & Answers

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Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
We own a home are are just starting to look for a new home. We just saw a home we would like to purchase but can't carry two mortgages.
Yes, the mortgage company/bank most likely will make your approval contingent on the sale of your current home........

that's not your problem.........

your problem is...the sell ... more
0 votes Share Flag Mon Aug 13, 2012 Home Buying in Essex
Andrew Adams,  in 01915
Andrew Adams answered:
I am currently trying to streamline my FHA loan to a lower interest rate. I was locked in at 5%. I was to
No it doesn't.

You can probably get 5% with 1 point in todays market. To pay 3% for something you can get for 1% is nuts!

Why has the lender not been able to perform?
0 votes Share Flag Thu Jun 25, 2009 Financing in Essex
Lori Lewis, Real Estate Pro in Bethlehem, PA
Lori Lewis answered:
Float or Lock?
I would personally take the 5.5% and run! You are closing in 11 days. If you were closing in Jan or Feb I would think about waiting, but 5.5% with ZERO point is a great rate!!
0 votes Share Flag Wed Apr 8, 2009 Financing in Essex
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