What is the benefit for refinancing a second mortgage?
I have a first and second mortgage. My first mortgage is financed at 5% and my second is at 9%.. I am considering financing both mortgages with a 2.75 rate and a 15 fixed term. The goal is to pay off th...
Is a shorter or longer term preferable for buyers?
Which comes out the better deal for a first time buyer?
Does it add up?
If you paid the rate a 15-year mortgage on a 30 year loan, would you pay off your loan in 15 years?
Can I switch brokers after a USDA approval?
I am going through a certain lender but I am getting negative reviewed and am being turned down on offers because of who the broker is. Can I take my Usda approval and have another broker manage it? Wit...
Is home insurance always necessary?
Is there a special clause or loophole so I don't have to add home insurance?
New buyer. underwriting Q's
Hey L411! So my loan has been in "underwriting" for 97 days! For the first 3 weeks, I received consistent communication from the lender and loan officer. now, I cant get a hold of the lender or my lo (t...
Is this legal?
I recently closed on my house on April 24, 2020. I got a call today from my lender saying that my loan had been rejected because my partner and I make too much money together for the specific loan despi...
If I use my mortgage deferrals in the CARE act, will it prevent me from ...
I am not unemployed, but I need the money for other medical expenses that came up from COVID-19.
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