What is an ARM and can it be better than a FRM?

Just got married, looking to buy a home, and I really only understand FRMs, and have no idea about how an ARM really works. The home I'm looking to get is in Athens, GA. Its valued at around 265k, 3 bed...

Bankruptcy hurt mortgage chances?

Does bankruptcy hurt my chances of ever getting a home? I know I can't buy one for two years from the discharge date, but five years down to road will it still be just as bad as right when the two year ...

Refinance from a 5.5% rate

I'm currently in a mortgage at 5.5% home value of 250k, with 205k left on the mortgage. I have 22 years left on my mortgage and I was wondering if I should refinance or not. I hear closing costs are aro...

Should I refinance for 30 yrs or 25 yrs

I have been in my home for 5 years. I have a mortgage of 234,000 @ 6.25%. The value of my home has dropped to $254,000.I know I can qualify for a 5.2% mortgage based upon my credit score of 670Should I ...

New to investment properties, help!

I'm interested in buying my first investment property to rent out, I found a nice unit for around $165,000, have 15,000 for a down payment. Now if at 4.5% APR, it looks like my payments will be $931 a m...

Wish to transfer home into my Son's name

My son is willing to buy one of my homes, it has a mortgage on it still however. His credit is not too good, so I was wondering what would be the best way to get him transferred onto the loan. Should I ...

Home equity for remodel/credit debt

We wanted to begin work on a guest house for the summer and right now we probably have about 100k worth of equity available on the house. I believe it will cost us somewhere between 50-60k for this gues...

VA Mortgage, can we include the costs for building a stable?

I have a husband that has a horse for PTSD therapy through the VA and we're now looking to move into a new home and wish to build a stable on our land. Can a VA Home Loan cover this as well, or would th...

Difference between FHA and HomePath?

If I'm a first time homebuyer, whats the difference between a HomePath and an FHA mortgage? I've heard about both but only know specifics on the FHA. The home in question is 215k.

What can I do to get the best mortgage for a rental?

If I plan to buy a home on the intent of renting it out, would I need better credit than if I were to live in the home myself? Are there ways to show the planned renter's financial history in order to g...

Wife has poor credit, should I not include her on mortgage?

My wife and I are seeking to get a loan for a new house, however her credit is pretty atrocious (580). Should I just take full liability against the mortgage even if we both work? She does make a good a...

800 Credit Rating - and can't buy a condo in Las Vegas?

I'm 64 - retired with SS disability and have lived in Las Vegas for 34 years. I want to buy a condo for about $70,000. I've been pre-approved for FHA by BOA and have been pre-approved for a Fannie Mae...

Commercial Mortgage with high income/debt ratio

I'm trying to buy a store that is already running business. the owner wants 170k for the land and the business. I have about 45% to put as a down payment. But the problem is I recently bought a multi fa...

Since, you have credit scores from the three major credit reporting agen...

What is a HELOC?

How does a HELOC work? I inherited a home and have heard this term tossed around a lot when I ask about trying to get money out of the house. The house is paid in full and I just wanted to see what exac...