Don Tepper answered:
Why is there sometimes a penalty for paying off your mortgage early?
Several reasons.
First, there are a bunch of up-front costs to the lender that are spread out over what's expected to be the average length of the mortgage--somewhere between 5 and 7
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Don Tepper answered:
Does my husband have to sign a quitclaim deed on a property that I shared with another family member?
Just to throw a monkey wrench into the situation: Are you on the mortgage? If so, you'll still be on the mortgage; you don't get rid of that obligation with a quit claim deed.
Furthe
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Alan Morris answered:
I'm thinking about refinancing my 30 year fix to a 15 or 10 year fixed, do you think that Rate's are going to come down even more.
According to everything we see recently, we have very little room to go much lower, although we're experiencing higher pricing for MBS this morning, which is good news for potentially l
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Don Johnson asked:
Did you know fixed rate loans are down?
30 year down to 3.71%
15 year down to 2.94%
Mildred Martinez answered:
Can you provide any details on why this home qualifies for $100 downpayment?
All of Knightdale is considered a rural zone and qualifies for a USDA no money down loan. For more info, go here: eligibility.sc.egov.usda.gov/
I purchased 3 years ago in Knightdal
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Bill Eckler-Florida, answered:
Is it possible to get a loan immediately after a short sale in case of relocation?
Rebecca,
Keeping it real......getting financed immediately after a short sale is highly unlikely, even with a large down payment. We just don't see this happening. Getting financed a
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Conder Realty, LLC answered:
Hi Tara,i am legaly US resident since june 2010 but am working abroad so my credit score is certainly poor.how can get financing?
In order to buy a home using a traditional mortgage, you will have to be able to verify a credit history of 620 or higher, have proof of gainful employment for a certain period, and hav
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Conder Realty, LLC answered:
I have an 80/20 mortgage on a home I am upside down in by 20K. Can I roll this debt into another loan with the same company on a foreclosure home?
Below are all very good answers to your question. Here's a solution to purchase and keep your good credit- Lease the 1st property and buy the 2nd. If you can improve your equity p
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Janet Sher answered:
MY FIANCE RESIDES IN RALEIGH NC AND I WILL BE RELOCATING FROM NJ. HE IS IN THE MILITARY. I OWN A HOME NOW. WHAT TYPE OF FINANCING CAN WE QUALIFY FOR?
Unless your fiance obtains a VA loan exclusively, your being on his loan still owing on your mortgage in NJ would create more debt and you both may be denied. It would be more advantag
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Douglas Fujikawa answered:
I'M LOOKING 4 A EQUITY LINE LOAN WHO HAS BEST RATES? BILL K
Bill K,
"Good deals" on equity lines are hard to find these days. The interest rates are reflective of todays' risk and credit environment. Your best bet it with a l
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Patrick Thies SFR, CNC answered:
I woudl like to sell within the next year and my value is lower then what we owe what should I do?
Either you have to bring the difference between what you are able to sell your house for and what you owe the lender to the closing, or you need to contact your lender and see if you qu
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Tom Bohlmann answered:
I am a veteran with a middle score of 587. I'm looking to obtain a home mortgage, but I have a few late pays on an auto loan in last 12 months.
Greetings.
Speak to a mortgage lender. They will have Credit counseling programs that are very helpful.
Using one of the so called credit repair programs maybe more detrimental t
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Bill Polack answered:
Bad credit but not drastic
Gabriella: You may have to wait a little bit. If the 3 credit cards are in default, they need to be paid off. Lenders don't like to see people pay off bad debt and then the next da
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Wendy Norman answered:
looking to refinance for my house in raleigh
Hi...
Hi Tony,
I'm not positive of all lending guidelines since they're everchanging, lately--you'd definitely want to talk to a lender about it...it could be a sit
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B answered:
Is there a seasoning requirement when purchasing a foreclosure property with a NACA loan?
Hi, to my understanding is 24 months. I have been told that could be exceptions, case by case.
Did you know that NACA only pre approves the loan? Final approval will be done by the
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Annette Levinson answered:
How do I know if a townhome is FHA approved?
if it is a condo go to www.hud.gov
Melissa Albert answered:
Looking to refinance but have been sent on a assignment in UK for two years so rented the house in USA - can
Hello Tony,
It's a great time to refinance and you should not have any problems with being in the UK. I am a loan originator with Alera Financial and will be glad to talk to you abou
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Marty S answered:
I applied to refinance my mortages (beach condo). I paid upfront as requested by the broker $405.00 for
They normally do not refund that charge, BUT you should have signed a form titled "Notice of Right to Reveive Appraisal." You can use that to obtain a copy, and have it switched to a le
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Bill Eckler-Florida, answered:
I'm building a home which will be done in about 45 days. Should I lock in my interest rate? It's at 6% in NC
J,
We believe that based on today's mortgage information, you can do better. Look around a little more and see what you can come up with.
Is this through the builder's financing?
