MINI ROW. asked:
I’ve been hearing a lot about the “benefits” of interest only mortgages, but I’m not 100% convinced that this is the way to go. They say that people should get interest only loans and put the remainder of what you would normally pay (on the mortgage) in some type of investment. Should you use your mortgage like this, or should you pay the mortgage off quickly???
dlachel392005 asked:
I am on a adjustable rate mortgage and would like to go to a fixed mortgage with lower rate? I don’t know who to go to for the refinancing, My Bank or credit union?
Jron asked:
What situation would an owner use a second mortgage. How does the bank and the owner benefit from it?
bayleigh789 asked:
What are the benefits and drawbacks to each? We are refinancing our home.
REEMPIRE888 asked:
Where can I obtain the lowest fees on closing cost when refinancing a mortgage? Also, why does conventional bank around the corner usually has one of the highest closing costs than a smaller mortgage company? Which mortgage company has the best deal and what is reasonable amount to pay on closing costs for an mortgage amount of $360K?
jay s asked:
What is the tax benefit of home mortgage? Why is there variation in HOA fees? I am looking to have my monthly payments at lowest possible in that range of loan.
Mike asked:
Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan?
louisboyd@sbcglobal.net asked:
I was looking into refinancing my home to get my mortgage rate lower than what it already is. i think I’m paying too much for the area I live in.
rachel asked:
We are going through a mortgage broker and 3 days ago filled all the paper work in to apply for our mortgage. How long does it take for a decision to be made. We are first time buyers and really anxious on the outcome!!!!!
Thanks guys for your answers. Im talking about the process of the bank deciding if your a suitable candidate to loan the mortgage to ?
Frank Rizzo asked:
How much does a mortgage broker make off a refinance loan? vs How much does a bank employee doing a refinance make off a refi loan? Besides ideal credit scores, what steps can be taken to ensure getting the best possible rate?
