Category archives for: Mortgages

who has the best mortgage loan rates?

Mortgages

Question by mimi: who has the best mortgage loan rates? i am looking to get a mortgage and was wondering if any knows of special rates or first time homebuyers programs they can reccomend Best answer: Answer by Luis S Okay, since you are a FTHB, let me clue you in on the most important [...]

If You Buy An Inexpensive Mobile Home And Then Buy A Piece Of Land Separately, Would You Have Two Mortgages?

Mortgages

And is that a good idea? If we found a cheap, pretty good condition mobile home in a park and then found a nice piece of land to move it to, would that be cost effective? Would having two mortgages be bad? I know we need to get a real estate agent but in the [...]

Should I refinance a home I just purchased 5 months ago?

Mortgage

Question by JiMi: Should I refinance a home I just purchased 5 months ago? I purchased my condo 5 months ago for 99k at 6.5%. My payments each month are $ 766 (this includes PMI). If I were able to refinance at 5.2%, my payments would be right around $ 700 based on my calculations. [...]

How do I refinance when my mortgage is more than the property value.?

Mortgage

Question by teachingmother: How do I refinance when my mortgage is more than the property value.? My husband & I purchased our condo with two loans from Bank of America: a 5/1 ARM @ 5.25% and a 2nd mortgage @ 6.75%. I would like to refinance our mortgages before the rates adjust. However, the value [...]

Should I refinance my home for a one percent lower interest rate?

Mortgage

Question by Apple Juice: Should I refinance my home for a one percent lower interest rate? It is currently at 6.25% but I could refinance for 5.35%. We plan on having this home for atleast 5 more years, hopefully more, we are military, and will be renting it out when we move but are trying [...]

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