I know the market is not good for selling, but I am trying to get rid of my second mortgage, which is not too big, and get a better home at the same time. I mean I am intending on selling my home. I won’t buy another home and continue to live in my own; …
Tag Archive: current
Will our current mortgage lender automatically finance us for another home purchase?
We are moving and selling the first home. We are in good standing with the current mortgage company. We have lived here for almost 3 years- we have had two payments that have been a few days late. Also, will they keep us at our current interest rate? Answer: No, the rate will be based …
Wanting a stick built home to replace Manufactured home on property, with a current mortgage?
I have a mortgage on 5 arces with a manufactured home and would like to know what is the best way to go about. I bought it appox. 3 years ago. What do I do with the Manufactured home. Do I use the equity to rebuild or should I save for a down payment. How …
what happens in a home equity default when the 1st mortgage is current?
If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the HELOC much longer. I do not live in …
what is the current interest rate for a home mortgage in California?
Answer: The answer to your question depend on the individual credit score and the particular loan program. You can get a 30 year fix for about 7.125% or an ARM of about 6.85%. There is also an option AMR where you can pick your own payment and the start rate on that is about 1.25% …
Can funds be withdrawn from a Roth IRA w/o penalty if used to pay off the mortgage of a 1st home purchase?
I know that money from a Roth IRA can be used without penalty to pay for a 1st-time home purchase initially, but can you use Roth IRA money to payoff that same home’s mortgage? I have not used any money out of my Roth IRA for anything yet. I am 28 years old. Answer: Sorry, …
is it better to pay cash for a retirement home or have a mortgage?
Current home valued at 0,000 and is free and clear. We will sell this home and buy a retirement home in North Florida.The home we want to buy is 0,000. Should we take part of our 401k stash of 2.4 million and pay it in full OR have a mortgage for 0,000? Answer: If this …
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