Jerry Figueroa Lee asked: When comparing mortgages there are various factors to be taken into consideration. This article covers the following mortgage specific considerations, with more to follow in part two onwards.- Total Cost Calculation- Overall APR- Arrangement fees- Portability- Early Repayment Charge- Term of mortgage / Age of borrowerTotal Cost CalculationFor many the major [...]
deucedown asked: I was just wondering if it made sense to refinance our 30 year fixed 6.25 home loan. We have owned our home for 3 years and 5 months. What does the interest rate have to fall to in order for it to financially benefit us to refinance?? Any help appreciated.Add a link here [...]
Pamela T asked: Is it easier to modify a loan if you don’t fit the underwriting guidelines for an FHA refinance? Not in foreclosure; just have a high-interest rate ARM and too high of a DTI. Thanks for your input.Add a link here 1
Cajun asked: I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000) Does it make sense to refinance?Mydomain.com
The House Team Of Mortgage Intellingence asked: For most Canadians, buying a home is the largest financial decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios than to scrutinize their mortgage choices. The mortgage world – like the investment [...]
1st American Mortgage asked: Jumbo mortgages are not so different from standard mortgages but there are a few key things that are worth looking in to.Jumbo Mortgage LoansA jumbo mortgage loan is a loan taken for property that is high-priced.. In Colorado, as in most of the U.S., a jumbo mortgage loan is any mortgage [...]
Pamela P asked: I bought a home 3 yrs ago and have since paid it down almost in half. Now I am going through a divorce and am thinking about refinancing. The original loan interest rate is 6.375 and I can refinance for 5.2%. My question is should I refinance as I am paying almost [...]
♥Sweet♥ asked: My husband and I bought a home from my husband’s former employer for $160,000. The home appraised at $140,000. The employer co-signed and put up a $20,000 CD as collateral. We didn’t have good credit and had to pay some things off, so the employer did that for us, so we owed him [...]
The House Team Of Mortgage Intellingence asked: Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the country. That’s good news for Canada’s 7.5 million home owners, [...]
lilly101200 asked: I have a mortgage of $170,000 at 5.9% interest and was going to pay it down by $20,000 but am wondering if it would be better to refinance now or wait until the rate goes down even further.Mydomain.com
MC asked: Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?Mydomain.com
houseofbrats03 asked: I refinanced back in December, is there a limit on how many times you can refinance. Trying to get my payments down.Add a link here 1
1st American Mortgage asked: Colorado mortgage shopper may wonder, while they are shopping around for a loan, if there are different mortgage rates in the state? —? higher or lower than the rest of the nation. The basic answer is no, when you compare rates for mortgages in Colorado to elsewhere.Mortgage rates in Colorado and [...]
Doug Mitchel asked: I often get questions from potential investors about the basic functions of a mortgage fund (aka a mortgage pool). Therefore, I’ve decided to write about mortgage pools in general to clear up any misconceptions.Mortgage pools are securities that are required by state and federal agencies to provide complete and full disclosure through [...]