10% down for construction, 20% down for perm?
I'm looking for a construction loan with a total construction cost of about $950k and I can do between 10% to 13% down now. In 8 months when construction is complete I can do an additional 7% to 10% fo...
Can my husband and I buy two separate homes?
We want to buy two homes and both have good income and credit scores. Do we have to list each other on the loans?
Non-Occupying Co-Borrower vs Second Home
First off, thank you very much to those professionals who responded the other day to my assumption vs. refinance question. I will in fact speak to other lenders about refinancing. Before I do, I was hop...
What is amortization?
Can someone explain to me what amortization is? Looking into an ARM and noticed that this is a common term.
what is the prime rate? how does that affect my mortgage loan?
should i be watching the prime rate to determine whether or not i should get a loan in the next few months thanks and bye
Is rent-to-own ever a good option?
Looking for a place to live on Craiglist, and I keep seeing rent-to-own options. It seems too good to be true, that I would get a 4 bedroom house for the price of a typical one bedroom apartment. What...
I am moving to Virginia and looking into buying a home. Should I work wi...
It would be nice to meet with my lender before making any final decisions, but I live in Oregon now. Not sure if I need an Oregon lender or one in Virginia? Thanks.
will PMI ever be reduced?
I've heard that PMI is ridiculously high and I am in the market for an FHA loan. Because it's so high, do you think the government will ever do anything to reduce it?
Loan Assumption vs Refinance?
My parents would like to refinance their adjustable rate home mortgage. Unfortunately, they don't have the necessary assets or income to qualify. I would like to add myself to their loan and help them r...
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