Question by Scott W: how can i get a mortgage when I don’t use credit cards. I have NO debt.? I bought my first house, 5 years ago. paid every mortgage payment on TIME, never missed a payment. I bought a car and paid that off in 3 years. I sold my house last year [...]
Question by trose1027: Is 5% good for a 30 year mortgage refinance? I have a credit score of 800 and my debt to income ratio is about 33%. The closing costs without home owners or taxes figured in are about 3k. I live in Florida Best answer: Answer by Ryan M 5% is near HISTORICAL [...]
Question by emmaj224: FHA loan underwriter? Hello to any FHA loan underwriter…what happens after your file is turned into underwriting? I have been waiting for a week to find something out and it seems it gets passed from one person, to another person. Also- today I had to sign a “Direct Endorsement Approval for a [...]
Question by Randy C: Pay off college loans, or put that money towards new mortgage downpayment? My wife and I are building a home and will soon have a 30 yr mortgage of $ 314,000 and we are assuming our interest rate will be around 5%. We have two student loans totaling $ 16,000 with [...]
Question by JPA: Mortgage Refinancing and Fed Rate Drop? The Fed is expected to drop interest rates again soon (50 basis points, maybe as much as 75 basis points). How is that likely to affect the mortgage refinance rates (would it be better to wait a few days or to refinance now)? Thanks Best answer: [...]